Rates & Premiums
CEA is committed to offering customers competitive rates
- CEA has reduced Renters earthquake insurance rates by 38% since we opened our doors in 1996.
- CEA rates are based on science, not profit. We use the best science available to determine competitive earthquake insurance rates.
- We are not-for-profit, publicly managed, and privately funded. Our Governing Board of elected state officials ensures our rates are as low as possible while remaining fiscally sound.
Frequently asked questions about rates and premiums
Q: How much does a CEA policy cost?
A: The minimum annual premium for a CEA Renters Policy is $35. Various rating factors determine your customer's premium, such as:
- The earthquake risk where they live.
- The policy coverages and limits they choose.
Use our Premium Calculator to get a policy estimate for your customer.
Q: How does CEA’s deductible work?
A: Policyholders do not have to write a check to the CEA before they get payment on a claim. The deductible is subtracted from the covered damage, and we pay the policyholder the difference. The deductible does not have to be paid up front before we pay a policyholders claim. Remember, all claim payments are handled through your insurance company's adjuster.
Q: Is CEA financially sound?
A: Yes. CEA has a claim-paying capacity of more than $13 billion. That means, even if the 1906 San Francisco earthquake or 1994 Northridge earthquake struck again, CEA would be able to pay all its claims. Plus:
- CEA has an A– (Excellent) rating from A.M. Best Co.
- CEA is privately funded and receives no money from California’s state budget—a state budget deficit or delay has no impact on our ability to pay claims.