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Homeowners in San Mateo, California, pay an average home insurance rate of $1,345. This is marginally lower than the national average premium of $1,438. San Mateo homeowners can make use of discounts offered by home insurance companies to further reduce their home insurance rates. Below is the list of discounts offered to San Mateo homeowners.

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Newly constructed San Mateo homes can avail of discounts of up to $390 on homeowners insurance. New homes have less 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. San Mateo homes older than 40 years and 50 years receive an additional charge of $35 and $51, respectively, on home insurance.

Home insurance companies consider the lifestyle of homeowners to determine insurance rates. If all the residents of the household are non-smokers, insurance companies offer special discounts on home insurance rates. San Mateo homeowners who own a swimming pool attract an additional insurance cost of up to $81. 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 San Mateo also receive discounts on home insurance.

Although most of the factors to avail discounts are not under the control 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. San Mateo homeowners opting for a high deductible of $2,500 can avail of a discount of $379 on homeowners insurance. Homeowners receive discounts of $317 and $213, respectively, on deductibles of $2,000 and $1,500. San Mateo homeowners save an average of $1,000 if they opt for a high deductible of $4,900 instead of a standard deductible of $1,900, on a lock-in period of 8 years.

Home insurance companies provide discounts to homeowners who have a claims-free history. On the other hand, homeowners with prior claims attract additional home insurance rates. The cost of home insurance in San Mateo increases by up to 44% based on the nature and number of claims. San Mateo homeowners who have a history of two fire claims and two water claims attract an additional charge of $622 and $489, respectively.