In Salinas, California, homeowners pay an average home insurance rate ranging between $521 to $706. Salinas homeowners can use discounts offered by home insurance companies to reduce their home insurance rates. Below is a list of the discounts provided to Salinas homeowners that they can take advantage of to save on home insurance.
Newly constructed Salinas homes can avail of discounts up to $185 on homeowners insurance. New homes have a low propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. On the other hand, older homes attract higher insurance rates. Salinas homes older than 40 and 50 years receive an additional charge of $24 and $44, respectively, on home insurance.
Home insurance companies consider the lifestyle of homeowners to determine insurance rates. If all the household residents are non-smokers, insurance companies offer special discounts on home insurance rates. Salinas homeowners who own a swimming pool attract an additional insurance cost of up to $55. Installing a fence around the pool with self-latching and self-closing gates will help homeowners get discounts from home insurance companies. Additionally, senior citizens in Salinas also receive discounts on home insurance.
Although most of the factors to avail discounts are not under the purview of homeowners, they can benefit most by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Salinas homeowners opting for a high deductible of $2,500 can avail a discount of $260 on homeowners insurance. Homeowners receive discounts of $218 and $146, respectively, on deductibles of $2,000 and $1,500. Salinas homeowners save an average of $600 on a high deductible of $1,600 compared to a standard deductible of $600 for a lock-in period of 8 years.
Home insurance companies provide discounts to homeowners who have a claims-free history. In contrast, homeowners with prior claims can attract an additional charge on their home insurance premiums. The cost of home insurance in Salinas increases by up to 44% based on the nature and number of claims. Salinas homeowners who have a history of two fire claims and two water claims attract an additional charge of $388 and $304, respectively.