Oakland, CA homeowners insurance is about $544 to $738, about $45-$61/month. Our exhaustive analysis reveals consumers can save upto $256 by comparing multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
In Oakland, CA homeowners pay an average home insurance rate of $1697. Homeowners in Oakland can use discounts offered by different companies to reduce their rates further. To save money on your monthly payments homeowners can take advantage of discounts offered by some of the leading insurers in town like Nationwide and State Farm for a lower cost than what is currently being charged
Home Insurance Discounts Based on Deductibles
A newly constructed Oakland home can enjoy $458 off on homeowners insurance. Houses are at their lowest propensity to damage when they're new, which is why companies offer attractive discounts for these homes as well. In contrast, older houses attract higher rates of repair and maintenance costs - a cost that's reflected in the price of your homeowner’s insurance premium and leads them to be charged an additional fee. For instance Oakland homes older than 40 and 50 years receive an additional charge of $44 and $64, respectively, on home insurance.
Homeowners in Oakland can get up to $34 off their insurance premiums by installing a swimming pool. Installing self-latching and self-closing gates around the pool also benefits your insurance rates and insurance companies provide discounts for the same. Additionally, senior citizens receive discounts on home insurance rates so it is a perk that a household has at least one person over 50 years old living there.Homeowners who don't smoke or live with smokers may be eligible for an additional discount from certain companies too.
Although most of the factors that determine discounts cannot be controlled by homeowners, they can benefit most by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Oakland homeowners paying a high deductible of $2,500 can avail of a discount of $478.55 on homeowners insurance. Homeowners receive discounts of $400.83 and $269.14, respectively, on deductibles of $2,000 and $1,500.
Homeowners in Oakland who have a claims-free history with their home insurance company can receive discounts on their premiums.Homeowners with prior claims can pay more for factors such as the number and type of claims. By providing a history of zero claim, homeowners save money on their premiums in Oakland by $712.74 or $271.52respectively based on two fire damage incidents or water-damage incidents they have experienced previously.
The average cost of home insurance in Oakland, California, is $1,697. vHome’s analysis reveals that Oakland homeowners can save as much as $256 by comparing quotes from multiple home insurance companies. Below are some of the factors that Oakland homeowners should keep in mind before choosing the home insurance company that best suits their coverage needs.
A.M. Best Rating
Financial strength is referred to as the capacity of an insurance company to grant claims of current policyholders. Oakland homeowners are suggested to opt for home insurance companies with high financial strength ratings. A.M. Best rates home insurance companies based on their financial strength. Oakland homeowners can use these ratings to identify home insurance companies with a high financial capacity.
J.D. Power Score
J.D. Power awards home insurance companies with a score based on the feedback collected from current policyholders. The customer satisfaction score of an insurance company is calculated using policy coverage, insurance rates, discounts, customer handling, and the speed at which a claim is processed. Oakland homeowners can use the J.D. Power Score to choose insurance companies that ensure the satisfaction of policyholders.
Home insurance companies use different parameters to calculate home insurance rates. Home insurance quotes differ from one insurance company to another. Oakland homeowners should obtain quotes from multiple home insurance companies to choose the cheapest one. Homeowners should also consider the add-on policies offered by home insurance companies, in addition to the standard home insurance policy.
Deductibles vs. Insurance Rates
Oakland homeowners can opt for high deductibles to reduce their home insurance rates. The deductibles and the corresponding reduction in home insurance rates differ from one home insurance company to another. Oakland homeowners are suggested to choose the home insurance company that offers the highest discount for their deductibles. For example, Oakland homeowners opting for a deductible of $2,500 and $2,000 pay $1,218 and $1,296, respectively.
Claims Processing Speed
Home insurance companies should be swift in processing the claims of homeowners. Homeowners are generally given a time period of 10 to 30 days to file a claim in case of damages. Once submitted, home insurance companies take a maximum of 40 days to review the claim and accept or deny it. Oakland homeowners are suggested to choose home insurance companies that have a simple and swift claims processing system.
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.
|Oakland, CA Home Value||Total Homes||% of Total||Average Oakland, CA Homeowners Insurance|
|Less than $50,000||1,033||3.0%||$32|
|$80,000 to $89,999||297||1.0%||$115|
|$90,000 to $99,999||488||1.0%||$128|
|$100,000 to $124,999||1,487||5.0%||$147|
|$125,000 to $149,999||1,415||4.0%||$185|
|$150,000 to $174,999||2,193||7.0%||$224|
|$175,000 to $199,999||1,222||4.0%||$256|
|$200,000 to $249,999||4,636||15.0%||$307|
|$250,000 to $299,999||4,863||16.0%||$378|
|$300,000 to $399,999||10,945||37.0%||$480|
|Home Insurance Company Near Oakland, CA||Homeowners Insurance Agency Near Oakland, CA||Address|
|Liberty Mutual Independent||Brennan & Associates||2200 POWELL ST STE 1080, EMERYVILLE, CA, 94608|
|State Farm||James Foster Jr||2819 Crow Canyon Rd Ste 102, San Ramon, CA, 94583-1656|
|State Farm||Jerry Olive||1530 Webster St Ste A, Fairfield, CA, 94533-4994|
|Allstate||Robert Varich||1125 Saratoga Ave, San Jose, CA, 95129|
|State Farm||Thierry Hugand||1952 Union St Ste 1, San Francisco, CA, 94123-4226|
|Streets in Oakland Area||Homeowners Insurance Cost|
|Lee St, Somerset Rd, W Macarthur, Manor Dr, Morrill Ct, Blenheim St, Earhart Rd, Shaw St, Booker St, Clifton St||$605|
|Salem St, Cairo Rd, Lexford Rd, 34th Ave, Apgar St, Fruitvale, Fontaine St, Berneves Ct, Longridge Rd, Oval Rd||$623|
|Overlake Ct, 72nd Ave, Star Ct, Mead Ave, Casa Ct, Frisbie St, Edge Dr, Ferro St, Seminary Ct, Ashton Ave||$611|
|Park View Ave, Bacon Rd, Marin Way, Morken St, Middle Harbor Rd, Gravatt Dr, Rossmoor Ct, Stockbridge Dr, Norwood Ave, Simmons St||$None|
|Shattuck, Havenscourt Blvd, Saroni Dr, Webster Pl, Sterling Dr, Madeline St, Royal St, Liggett Dr, Peroly Ct, Huntington St||$610|
|Everett Ave, Emerson Way, 83rd Ave, Miles Ave, Old Tunnel Rd, Maybelle Ave, 96th Ave, Normandie Ave, Larkspur Rd, Girvin Dr||$691|
|Emery St, Tunnel Rd, Chatham Rd, 48th Ave, Dimond Ave, Thousand Oaks, Sunset Ave, Camelford Ct, Sequoyah View Dr, Gouldin Rd||$646|
|Champion St, Calmar Ave, Chadbourne Way, S Coliseum Way, Montana St, Stella St, Harbord Dr, 33rd Ave, Ghormley Ave, Maddux Dr||$594|
|Morrell Ln, 93rd Ave, Golden Gate Ave, Wesley Ave, Highland Ave, Moore Dr, Portwood Ave, Woodcrest Cir, Larry Ln, Forestland Way||$688|
|Valley View Rd, 85th, Hamline Ave, Besito Ave, Pearmain St, Stanford, Westwood Way, Crescent St, Belvedere St, Reinhardt Dr||$694|
|Place||Savings For Senior Occupied Homes|
|Oakland||$96 to $98|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Alameda city, California||$100||$133||$200|
|Piedmont city, California||$109||$145||$218|
|San Leandro city, California||$94||$125||$188|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Oakland Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|Less than $200||1,254||1.0%||$328|
|$200 to $299||4,566||4.0%||$778|
|$300 to $499||4,797||5.0%||$1228|
|$500 to $749||8,427||9.0%||$1903|
|$750 to $999||20,023||21.0%||$2653|
|$1,000 to $1,499||32,326||34.0%||$3778|
|$1,500 or more||21,195||22.0%||$5428|
|Zip Code||Median Home Value||Median Homeowners Insurance|
|Coverage ($)||Deductible ($)||Age of home||Company||Average homeowners insurance premium ($)|
|150000||250||7-15 Years||MAPFRE Group||522|
|200000||500||4-6 Years||Century National||592|
|200000||500||7-15 Years||American Modern||750|
|200000||500||7-15 Years||Hartford (Sentinel)||585|
|200000||500||7-15 Years||Pacific Specialty||527|
|200000||500||16-25 Years||Amica Mutual||822|
|200000||500||16-25 Years||Pacific Specialty||637|
|200000||500||41-70 Years||Hartford (Sentinel)||711|
|250000||1000||1-3 Years||QBE (Balboa)||524|
|250000||1000||4-6 Years||Metropolitan Direct||1119|
|250000||1000||26-40 Years||Tokio Marine America||332|
|250000||1000||26-40 Years||Unigard Group||686|
|250000||500||1-3 Years||Stillwater Ins Co||521|
|Low Deductible||High Deductible|
|Yearly Oakland Homeowner Insurance Premium Example||$1,300||$800|
|Out of Pocket Expense During Claim||$500||$2,500|
|Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim||$9,600||$8,100|
|Net Savings to Oakland Home Owner from High Deductible Plan||$1,500|
|Scenario||Oakland, CA Home Replacement Value MORE than Home Value||Oakland, CA Home Replacement Value LESS than Home Value|
|Insurance Premium based on Replacement Value||$625||$400|
|Risk Exposure from Under Insuring Coverage||Unnecessary Home Insurance Coverage of $66,500||Risk Exposure from Under Insuring Coverage is $25,500|
|Premium Impact||Insurance cheaper by $75/year||Insurance costlier by $150/year|
|Insurance Company||Allstate||GEICO Insurance||Liberty Mutual|
|Home Details||2 Beds, 1 Baths||3 Beds, 1 Baths||4 Beds, 3 Baths|
|Deductible||$1000-$2500 Deductible||$500- $1000 Deductible||$2500-$5000 Deductible|
|Year Built||Home Value||Roof Type||Sqft||Number of Bedrooms||Deductible||Premium||Premium Months||Siding Type||Smoker/Non Smoker|
|1967||460,000||Membrane Roof||2,220||4||$2500-$5000 Deductible||190||2||Stone Siding||yes|
|1977||335,000||Wood Shake Roof||1,260||3||$500 Deductible||820||10||Stone Siding||yes|
|1965||220,000||Membrane Roof||990||2||$500- $1000 Deductible||80||2||Wood siding||No|
|1960||220,000||Metal Roof||1,220||2||$5000 to $10,000 Deductible||30||1||Brick siding||No|
|1951||265,000||Shingles Roof||1,330||3||> $10,000 Deductible||460||12||Brick siding||No|
|1951||660,000||Metal Roof||3,020||4||$500 Deductible||1810||10||Brick siding||yes|
|1959||470,000||Membrane Roof||2,000||3||$500 Deductible||440||4||Brick siding||yes|
|1958||630,000||Tile Roof||2,670||4||$500 Deductible||110||1||Wood siding||yes|
|1956||220,000||Metal Roof||900||2||$5000 to $10,000 Deductible||240||10||Vinyl siding||No|
|1977||290,000||Asphalt Shingles Roof||1,230||3||> $10,000 Deductible||310||6||Stucco siding||No|
|1956||415,000||Metal Roof||1,620||4||> $10,000 Deductible||360||7||Vinyl siding||yes|
|1961||420,000||Composition Roof||1,730||3||$500 Deductible||870||10||Fiber-Cement Siding||yes|
|1947||500,000||Wood Shake Roof||2,320||4||$500- $1000 Deductible||850||7||Stucco siding||yes|
|1968||830,000||Slate Shingles Roof||3,280||4||> $10,000 Deductible||570||6||Brick siding||No|
|1978||230,000||Tile Roof||1,070||2||$500- $1000 Deductible||170||4||Stucco siding||yes|
|1972||440,000||Wood Shake Roof||2,030||3||$5000 to $10,000 Deductible||240||3||Wood siding||yes|
|1947||210,000||Slate Shingles Roof||920||2||> $10,000 Deductible||50||2||Vinyl siding||yes|
|1969||340,000||Composition Roof||1,280||2||$5000 to $10,000 Deductible||360||8||Stone Siding||No|
|1950||275,000||Asphalt Shingles Roof||1,420||3||> $10,000 Deductible||70||2||Wood siding||No|
|1945||315,000||Tile Roof||1,280||3||$500 Deductible||150||2||Fiber-Cement Siding||No|
|1945||200,000||Asphalt Shingles Roof||910||2||$500- $1000 Deductible||410||9||Stone Siding||No|
|1958||615,000||Composition Roof||2,840||4||$1000-$2500 Deductible||150||1||Brick siding||yes|
|1960||405,000||Tile Roof||1,730||3||$500- $1000 Deductible||900||7||Brick siding||yes|
|1979||355,000||Wood Shake Roof||1,860||4||$2500-$5000 Deductible||660||10||Stucco siding||yes|
|1973||410,000||Asphalt Shingles Roof||2,240||3||$1000-$2500 Deductible||240||4||Fiber-Cement Siding||No|
|1974||810,000||Wood Shake Roof||3,170||4||$1000-$2500 Deductible||280||2||Brick siding||No|
|1971||400,000||Asphalt Shingles Roof||1,530||3||$5000 to $10,000 Deductible||400||6||Wood siding||yes|
|1977||585,000||Wood Shake Roof||2,200||3||$500 Deductible||1600||9||Vinyl siding||yes|
|1966||415,000||Composition Roof||1,810||4||$2500-$5000 Deductible||810||9||Wood siding||yes|
|1947||570,000||Tile Roof||1,339||3||$2500-$5000 Deductible||1830||9||Brick siding||No|