Homeowners in Oakland, CA, pay an average home insurance rate of $660 per annum. According to Vhome’s research, Oakland homeowners can save up to $256 by comparing multiple quotes of home insurance companies.
Allstate quoted an insurance rate of $456 for an Oakland home built in 1951, on a policy coverage ranging between $200,000 to $250,000, for a deductible rate of $1000 to $2500. Allstate provides a 10% discount to its home insurance policyholders every year. Homeowners can also avail of a 10% discount on early signing, in addition to other standard discounts.
Mapfre charges $522 in insurance rates for Oakland homes that are 7 to 15 years old, on a policy coverage of $150,000, for a deductible of $250. Homeowners can further reduce their insurance rates by opting to pay a high deductible. Mapfre provides claim-free discounts, home security discounts, and new home discounts.
Liberty quoted an insurance rate of $1,188 for an Oakland home built in 1943, on a policy coverage ranging between $400,000 to $500,000, for a deductible rate of $2,500 to $5,000. Liberty provides multi-policy discounts, paperless discount, army personnel’s discount, and protective devices discount, all of which make it one of the cheapest insurer in Oakland.
GEICO quoted an insurance rate of $1,476 for an Oakland home built in 1967, on a policy coverage ranging between $500,000 to $600,000, for a deductible rate of $500 to $1,000. GEICO provides special discounts of up to 15% to army personnel and federal employees, in addition to multi-policy discounts and home security discounts.
Oakland homeowners who have a policy with State Farm pay an insurance rate of $3,160, on a policy coverage of over $10,000,000, for a deductible of $2,000. Considering the high coverage amount, the insurance cost charged by them is highly competitive in Oakland. Homeowners can also make use of available discounts to further lower their home insurance rates.