Richmond Insurance Rates:

Richmond, CA home insurance is roughly $522 to $709, about $43-$59/month. Our detailed analysis indicates shoppers can save upto $246 by comparing different quotes

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Richmond Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $1190/8 months for $600000-$700000 Coverage
Policy Holder Home Details :

Home Value : $585,000

5 Beds, 5 Baths 3820 sqft Seasonal Residence Constructed In 2010 with Carpet over wood flooring, Tile Roof, Slab Foundation, Wood siding, Stucco Construction. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

51 Years old Single Female who has a Full Time Job with household income of more than $150,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $760/9 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $515,000

5 Beds, 5 Baths 3850 sqft Seasonal Residence Constructed In 1971 with Carpet Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Brick siding, Wood Frame. Home Features Include Indoor Sprinklers, Smoke Alarm, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

37 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $70/2 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $205,000

3 Beds, 3 Baths 1590 sqft Seasonal Residence Constructed In 2013 with Wood Flooring, Wood Shake Roof, Crawl Space Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Smoke Alarm, Copper Water Pipes, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

69 Years old Single Male who has a Full Time Job with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $290/6 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $400,000

4 Beds, 4 Baths 2590 sqft Primary Residence Constructed In 1994 with Wood Flooring, Tile Roof, Slab Foundation, Brick siding, Wood Frame. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

50 Years old Married Female who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $180/8 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $155,000

2 Beds, 2 Bath 1190 sqft Vacation Property Constructed In 1998 with Stone Flooring, Composition Roof, Crawl Space Foundation, Wood siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

65 Years old Divorced Male who is a Freelancer with household income of $50-$75,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $500/12 months for $125,000-$150,000 Coverage
Policy Holder Home Details :

Home Value : $185,000

1 Bed, 1 Bath 625 sqft Primary Residence Constructed In 1986 with Stone Flooring, Composition Roof, Crawl Space Foundation, Vinyl siding, Brick Frame. Home Features Include Central Air Conditioning, Swimming Pool, Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

72 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

Richmond, CA Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
94805 $302,700 $620
94804 $270,000 $610
94801 $205,500 $610

Richmond Rates & Quotes Analysis:

Richmond Area Estimated House Insurance
Wall Ave, Mc Laughlin St, S 9th St, Knob Cone Dr, Santa Paula Ct, Lighthouse Ct, Alhambra Valley Rd, Mirante Ct, Coach Dr, Doremus Ave$619
St Andrews Dr, Via Verdi, Club Ct, N Rancho Ct, Skypark Pl, Washington Ave, Jana Vista Rd, Poinsett Ave, Wright Ave, Lexington Ave$615
Argyle Rd, Simoni Ct, Marina Lakes Dr, Carlfield Ave, Cardiff Ct, Cliff Ln, Erin Ct, Monterey Ave, Leisure Ln, Martin Luther King Jr Ave$621
S Ridge Dr, Escuela Ct, S 37th St, Oxford Ave, Madison Ave, Posey Ave, Big Bear Ct, Lambert Rd, Peerless Ave, N Verde Ave$602
Gately Ave, Garden Rd, Stony Ct, Gordon Ct, Wine St, Stephen Dr, Whippoorwill Ct, Fern Meadow Ct, John Muir Pkwy, Sorrento Ct$616
Clearfield Ave, del Camino Dr, Roland Ct, Linda Dr, 28th St, 29th St, Sheryl Dr, Creely Ave, Grand Canyon Ave, Parkway Dr$617
Hillside Ct, San Antonio St, Chabre Ct, Fresno Ave, Desert Dr, Regents Ct, S 47th St, Creekside Oaks, Overend Ave, Moyers Rd$655
Canal Blvd, S 35th St, Orion Ct, Barnard St, Glenwood Ct, Gatto St, Crest Ave, 35th St, 32nd St, Salesian Ave$601
Tidewater Dr, Moyers Dr, Alvarado Pl, Ventura St, Elm Ave, S 55th St, Echo Hawk Ct, Flamingo Ct, Ray Ave, Selmi Grove Ln$663
Eaglewood Ct, Ash Ln, Fieldstone Dr Dr, Bowhill Ln, Rancho de Maria, Henry Clark Ln, S 34th St, O Rourke Dr, Marquette Ct, Mozart Dr$613

Insurance rates are influenced by a number of factors including:

  • Year Built: 6,958 Homes (17% of total homes ) built between 1950 to 1959 in Richmond are paying home insurance between $1,158-$1,168. Places close to Richmond, CA such as East Richmond Heights, West Contra Costa, El Cerrito are more expensive by $22, $10, $83 respectively while North Richmond and San Pablo are cheaper by $34 and $29 respectively for similar homes.
  • Bedrooms: 15,100 2 bedrooms homes (38% of total homes ) in Richmond are paying about $185 and differs from East Richmond Heights (+$4), El Cerrito (+$14), Pinole (+$3), North Richmond (-$5) and Rollingwood (-$4).
  • Auto Insurance Bundling: 4,863 Households (26% of all households) in Richmond have 3 or more vehicles available and when it is bundled with home insurance you can save $154. Discounts for similar bundling in close by locations such as North Richmond, San Pablo, Rollingwood come to $149, $150, $150 respectively.
  • Senior Discounts: 9,678 seniors (more than 55 years) occupied housing units (53% of total) in Richmond get discounts between $92 to $94 and differs from North Richmond ($89), San Pablo ($90), East Richmond Heights ($94).
  • New Homes discounts: New homes such as the 14,019 homes built between 2000 to 2009 in Richmond can save $123 and similar new home insurance discounts in nearby towns and cities like North Richmond, San Pablo and Rollingwood are $119, $120 and $120 respectively.

Richmond Homeowners insurance Facts

  • Richmond, CA has 18,182 owner occupied houses which is 50.5% of all units whereas North Richmond, San Pablo and Rollingwood have 48.25%, 45.81% and 63.66% respectively.
  • Richmond, CA homeowners yearly insurance price at $616 is 0.2% of the typical house value of $303,200 which is in contrast with 0.31% in North Richmond, 0.29% at San Pablo & 0.28% in Rollingwood.
  • Homeowners in Richmond, CA pay 1.45% of their income ($40,000 to $44,999) in insurance whereas homeowners in North Richmond, San Pablo and Rollingwood pay 1.41%, 1.41% and 1.42% respectively.
  • Richmond, CA’s insurance is 2.4% of monthly housing costs of $2,167/month, for owners with a mortgage compared to 2.24% in North Richmond, 2.62% at San Pablo & 2.68% in Rollingwood. But, for households without a mortgage, insurance is 11.9% of costs ($432 in Richmond, CA) in contrast with 11.09% in North Richmond, 12.11% at San Pablo & 20.73% in Rollingwood.

Richmond, CA Home Values & Insurance rates

For example, insurance for 909 Homes (7.0% of total homes ) valued between $175,000 to $199,999 in Richmond, CA is about $375. Rates in nearby areas in such as East Richmond Heights, West Contra Costa, Tara Hills are cheaper by $68, $40, $28 respectively while North Richmond and San Pablo are costlier by $194 and $165 respectively for similar homes.

Richmond, CA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 486 3.0% $49
$70,000 to $79,999 260 2.0% $147
$80,000 to $89,999 170 1.0% $172
$90,000 to $99,999 132 1.0% $190
$100,000 to $124,999 930 7.0% $221
$125,000 to $149,999 673 5.0% $277
$150,000 to $174,999 1,314 10.0% $326
$175,000 to $199,999 909 7.0% $375
$200,000 to $249,999 1,902 14.0% $455
$250,000 to $299,999 1,956 15.0% $554
$300,000 to $399,999 3,927 30.0% $708

Renters Insurance in Richmond

  • Average Renters Insurance in Richmond :  $166($13/month)

  • Median Gross Rent in Richmond :  $1,172

  • Richmond Renters Insurance to Median Rent Ratio:  1.11%

  • Average household size of renter-occupied unit :  2.89

Richmond Renters Insurance as a Percentage of Rent

Richmond Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 229 1.0% $341
$200 to $299 660 3.0% $791
$300 to $499 896 5.0% $1241
$500 to $749 1,020 5.0% $1916
$750 to $999 3,019 17.0% $2666
$1,000 to $1,499 6,861 39.0% $3791
$1,500 or more 4,474 26.0% $5441

Rent Affordability in Richmond:

Approximately 48.0% (8,662) of households are spending more than 35% of their income on gross rent in Richmond

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,576 8.0%
15.0 to 19.9 percent 1,507 8.0%
20.0 to 24.9 percent 1,806 10.0%
25.0 to 29.9 percent 2,483 13.0%
30.0 to 34.9 percent 1,767 9.0%
35.0 percent or more 8,662 48.0%

Richmond Renters Insurance Discounts:

Richmond Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Richmond, CA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 8,390 47.0% $16.6
2 vehicles available 4,991 28.0% $24.9
3 or more vehicles available 1,475 8.0% $33.2

Richmond Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 1,516 8.0% $117
60 to 64 years 1,221 6.0% $93
65 to 74 years 941 5.0% $76
75 years and over 307 1.0% $58

Protective device discount in Richmond Up to :  $24

Claims-free discount in Richmond Up to :  $33