Downey ,CA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Downey, CA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Downey, CA is $1378. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Downey, CA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Downey, CA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $551 |
| $200,000 | $937 |
| $300,000 | $1,158 |
| $400,000 | $1,764 |
| $500,000 | $2,219 |
Home insurance costs in Downey can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 090240 | $1,316 |
| 90241 | $1,312 |
| 90242 | $1,296 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Downey, CA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,413 |
| $1000 Deductible | $1,264 |
| $1500 Deductible | $1,192 |
| $2500 Deductible | $1,075 |
| $5000 Deductible | $909 |
| Home Insurance Company Near Downey, CA | Homeowners Insurance Agency Near Downey, CA | Address |
|---|---|---|
| Liberty Mutual Independent | Bannister & Associates | 305 17TH ST, HUNTINGTON BEACH, CA, 92648 |
| State Farm | Karla Greene | 611 Wilshire Blvd Ste 911, Los Angeles, CA, 90017-2905 |
| State Farm | Kristi Isaac | 250 26th St Ste 200, Santa Monica, CA, 90402-2547 |
| Travelers | Partner Agency Insurance Services Inc | 975 W IMPERIAL HWY STE 100, BREA, CA, 92821 |
| State Farm | Tim Bush | 1000 Quail St Ste 225, Newport Beach, CA, 92660-2783 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Bell Gardens city, California | $77 | $102 | $153 |
| Downey-Norwalk CCD, Los Angeles County, California | $79 | $105 | $157 |
| Paramount city, California | $76 | $101 | $152 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Downey, CA | 2.3% | 12.9% |
| Bell Gardens | 3.14% | 15.25% |
| Downey-Norwalk | 2.42% | 14.13% |
| Paramount | 2.82% | 12.74% |
| Downey Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $500 to $749 | 630 | 3.0% | $1905 |
| $750 to $999 | 3,187 | 20.0% | $2655 |
| $1,000 to $1,499 | 8,295 | 52.0% | $3780 |
| $1,500 or more | 3,677 | 23.0% | $5430 |
| Streets in Downey Area | Homeowners Insurance Cost |
|---|---|
| Regent View St, Alderdale St, Via Amorita, Garetal St, Margaret St, Ardis Ave, Neo St, Blandwood Rd, Stoakes Ave, Wiley Burke Ave | $652 |
| Brookgreen Rd, Casanes Ave, Cedardale Dr, Hercules St, Priscilla St, Bellder Dr, Horton Ave, Hidalgo St, Arnett St, Cedartree Rd | $630 |
| Buckles St, Pruess Ave, Rio Flora Pl, Davis St, Davenrich St, James St, Clarkman St, Mattock Ave, Phlox St, Foster Bridge Blvd | $617 |
| Premier Ave, S Longworth Ave, Elston Ave, Bellder Dr, Arnett St, Dalen St, Neo St, Leahy Ave, Washburn Rd, Pantheon St | $633 |
| Ryerson Ave, Iowa St, Noren St, Brookgreen Rd, Farm St, Melva St, Blandwood Rd, Songfest Dr, Flores St, Pellet St | $642 |
| Ciro St, Ardine St, Klinedale Ave, Little Lake Rd, Appleby St, Solo St, Idalene St, Benares St, Vista del Rio Dr, Gaybrook Ave | $649 |
| Ohm Ave, Hawthorne Ave, Quoit St, la Villa St, Barlin Ave, Byers St, Brookpark Rd, Airpoint Ave, Parkmead St, Lesterford Ave | $626 |
| Charloma Dr, Gunderson Ave, Marbel Ave, Cheyenne St, Klondike Ave, Laureldale Ave, Pivot St, Blodgett Ave, Washburn Rd, Downey Norwalk Rd | $613 |
| Birdvale Dr, Boyson St, Bigby St, Elm Vista Dr, Smallwood Ave, Fontana St, 4th Pl, Koopman Ave, McCallum St, Planett Ave | $635 |
| Chaney Ave, Glenworth St, Dalen St, E Promenade Dr, Blandwood Rd, Shellyfield Rd, Tweedy Ln, Susan Ave, Quill Dr, Sideview Dr | $627 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Downey | $95 to $97 |
| Bell Gardens | $91 |
| Downey-Norwalk | $94 |
| Cudahy | $90 |
| Coverage ($) | Deductible ($) | Age of home | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150000 | 250 | New | Hartford (Sentinel) | 381 |
| 150000 | 250 | New | Safeco | 288 |
| 200000 | 500 | New | AAA (Interinsurance Exchange) | 217 |
| 200000 | 500 | New | Safeco | 326 |
| 200000 | 500 | New | Universal North America | 321 |
| 300000 | 500 | New | Horace Mann | 560 |
| 300000 | 500 | New | Universal North America | 441 |
| 400000 | 1000 | New | Amco | 631 |
| 400000 | 1000 | New | Bankers Standard | 1611 |
| 400000 | 1000 | New | Pacific Specialty | 842 |
| 500000 | 2500 | New | Tokio Marine America | 736 |
| 150000 | 500 | 1-3 Years | USAA | 321 |
| 200000 | 500 | 1-3 Years | Metropolitan Direct | 745 |
| 200000 | 500 | 1-3 Years | Wawanesa | 496 |
| 250000 | 500 | 1-3 Years | Bankers Standard | 1740 |
| 250000 | 500 | 1-3 Years | MAPFRE Group | 622 |
| 400000 | 1000 | 1-3 Years | Metropolitan Direct | 1244 |
| 400000 | 1000 | 1-3 Years | Pacific Specialty | 973 |
| 500000 | 2500 | 1-3 Years | First American Ins | 891 |
| 750000 | 2500 | 1-3 Years | Metropolitan Direct | 2021 |
| 250000 | 500 | 4-6 Years | Privilege Underwriters Exch | 1803 |
| 400000 | 1000 | 4-6 Years | Integon/National | 960 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $600 | $1,600 |
| Yearly Downey Homeowner Insurance Premium Example | $900 | $700 |
| Out of Pocket Expense During Claim | $600 | $1,600 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $7,800 | $7,200 |
| Net Savings to Downey Home Owner from High Deductible Plan | $600 | |
| Scenario | Downey, CA Home Replacement Value MORE than Home Value | Downey, CA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $460,000 | $279,000 |
| Insurance Premium based on Replacement Value | $1,575 | $950 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $98,000 | Risk Exposure from Under Insuring Coverage is $83,000 |
| Premium Impact | Insurance cheaper by $300/year | Insurance costlier by $325/year |
| Insurance Company | Allstate | Amica Mutual Insurance Company | Chubb Group of Insurance |
| Monthly Premium | 37 | 129 | 86 |
| Year Built | 1963 | 1955 | 1978 |
| Home Details | 2 Beds, 1 Baths | 5 Beds, 2 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $600000-$700000 | $350000-$400000 |
| Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible |