Long Beach, CA – September 24, 2025 – Rising property insurance costs are reshaping rental ownership across California, with landlords in Long Beach facing some of the steepest increases. For those seeking a trusted property management company in Long Beach, understanding these changes is essential, as premiums now directly affect affordability, compliance, and investment strategies. Harbor Property Management of Long Beach is sharing insights to help owners prepare.
Insurance Trends Affecting a Property Management Company in Long Beach
The California Department of Insurance reports that property insurance premiums have risen more than 20 percent statewide since 2022, with coastal cities such as Long Beach among the hardest hit. State Farm has been approved for emergency hikes of 17 to 22 percent, citing wildfire losses and inflation-driven repair costs. The California FAIR Plan, the state’s insurer of last resort, has seen its exposure climb over 40 percent in the past year, underscoring both rising demand and fewer private options.
“Premiums that once felt predictable are now volatile,” said a spokesperson for Harbor Property Management of Long Beach. “For many landlords, an extra $1,000 or $2,000 a year can be the difference between reinvesting in a property and struggling to maintain it.”
Local landlords are increasingly alarmed. “Even a modest hike can add thousands annually, especially for multifamily owners. Staying ahead of these changes is essential,” the company added.
Local Housing Pressures in Long Beach
These increases compound a city already struggling with affordability. A 2025 study by Long Beach Residents Empowered (LiBRE) and the Los Angeles Alliance for a New Economy (LAANE) placed the median rent for a two-bedroom apartment at $2,310 per month. More than 52 percent of residents are rent-burdened, while one in four households pays over half their income toward housing.
According to Harbor Property Management of Long Beach, reduced income under AB 1482 rent caps can delay maintenance, limit upgrades, or even push owners to sell—decisions that ripple across the broader Long Beach housing market. These conditions highlight the value of experienced property management services in Long Beach that help owners adapt while protecting property value.
Strategies for Landlords Managing Costs
To manage rising expenses, landlords should review insurance annually and start renewals early to avoid surprises. Risk-reduction steps such as roof repairs, electrical upgrades, or seismic retrofits improve safety and may lower premiums. Careful documentation of property conditions is increasingly important, while bundling coverage across multiple properties can create savings.
Professional oversight is equally valuable. An experienced real estate manager in Long Beach can connect landlords with trusted brokers, recommend practical improvements, and guide compliance. Partnering with seasoned property management companies near Long Beach ensures owners receive ongoing support in balancing costs with tenant satisfaction.
What’s Next for Real Estate Management Services in Long Beach
California regulators are weighing proposals that would give insurers greater flexibility in pricing, raising the likelihood of continued volatility through 2026. Harbor Property Management of Long Beach stresses that incorporating insurance planning into broader strategies will be key. Those who prepare now will be better positioned to protect their investments while contributing to a more stable California rental market.
About Harbor Property Management of Long Beach
Harbor Property Management of Long Beach is a trusted property management company in Long Beach, serving rental owners across Long Beach and Lakewood. With expertise in compliance, tenant relations, and investment protection, the company helps landlords navigate California’s evolving rental landscape while safeguarding long-term property value.
Media Contact
Company Name: Harbor Property Management – Long Beach
Contact Person: Scott Colette
Email: Send Email
Phone: (562) 684-6757
Address:3553 Atlantic Ave
City: Long Beach
State: CA 90807
Country: United States
Website: https://www.harborpm.com/cities-served/long-beach-property-management/