Richmond ,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 Richmond, 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 Richmond, CA is $1366. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Richmond, CA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Richmond, CA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $546 |
| $200,000 | $929 |
| $300,000 | $1,147 |
| $400,000 | $1,748 |
| $500,000 | $2,199 |
Home insurance costs in Richmond 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 |
|---|---|
| 094805 | $1,309 |
| 94804 | $1,289 |
| 94801 | $1,277 |
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 Richmond, CA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,401 |
| $1000 Deductible | $1,253 |
| $1500 Deductible | $1,182 |
| $2500 Deductible | $1,065 |
| $5000 Deductible | $902 |
| Home Insurance Company Near Richmond, CA | Homeowners Insurance Agency Near Richmond, CA | Address |
|---|---|---|
| Liberty Mutual | Lampai Lp Vongmany | 2580 North First Street Suite 290, San Jose, CA, 95131 |
| NA | Kempkey Insurance Services Inc | 1500 Third St, Ste B, Napa, CA, 94559 |
| State Farm | Burch Boehner | 201 E Taylor St Ste 2, San Jose, CA, 95112-5036 |
| State Farm | Fillia Fransisca | 2315 Noriega Street, San Francisco, CA, 94122-4239 |
| Travelers | First Avenue Insurance Services | 24479 MISSION BLVD, HAYWARD, CA, 94544 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| North Richmond CDP, California | $75 | $99 | $149 |
| San Pablo city, California | $75 | $100 | $150 |
| Rollingwood CDP, California | $75 | $100 | $150 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Richmond, CA | 2.4% | 11.9% |
| North Richmond | 2.24% | 11.09% |
| San Pablo | 2.62% | 12.11% |
| Rollingwood | 2.68% | 20.73% |
| Richmond Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 229 | 1.0% | $341 |
| $200 to $299 | 660 | 3.0% | $791 |
| $300 to $499 | 896 | 5.0% | $1241 |
| $500 to $749 | 1,020 | 5.0% | $1916 |
| $750 to $999 | 3,019 | 17.0% | $2666 |
| $1,000 to $1,499 | 6,861 | 39.0% | $3791 |
| $1,500 or more | 4,474 | 26.0% | $5441 |
| Streets in Richmond Area | Homeowners Insurance Cost |
|---|---|
| Wall Ave, Mc Laughlin St, S 9th St, Knob Cone Dr, Santa Paula Ct, Lighthouse Ct, Alhambra Valley Rd, Mirante Ct, Coach Dr, Doremus Ave | $619 |
| St Andrews Dr, Via Verdi, Club Ct, N Rancho Ct, Skypark Pl, Washington Ave, Jana Vista Rd, Poinsett Ave, Wright Ave, Lexington Ave | $615 |
| Argyle Rd, Simoni Ct, Marina Lakes Dr, Carlfield Ave, Cardiff Ct, Cliff Ln, Erin Ct, Monterey Ave, Leisure Ln, Martin Luther King Jr Ave | $621 |
| S Ridge Dr, Escuela Ct, S 37th St, Oxford Ave, Madison Ave, Posey Ave, Big Bear Ct, Lambert Rd, Peerless Ave, N Verde Ave | $602 |
| Gately Ave, Garden Rd, Stony Ct, Gordon Ct, Wine St, Stephen Dr, Whippoorwill Ct, Fern Meadow Ct, John Muir Pkwy, Sorrento Ct | $616 |
| Clearfield Ave, del Camino Dr, Roland Ct, Linda Dr, 28th St, 29th St, Sheryl Dr, Creely Ave, Grand Canyon Ave, Parkway Dr | $617 |
| Hillside Ct, San Antonio St, Chabre Ct, Fresno Ave, Desert Dr, Regents Ct, S 47th St, Creekside Oaks, Overend Ave, Moyers Rd | $655 |
| Canal Blvd, S 35th St, Orion Ct, Barnard St, Glenwood Ct, Gatto St, Crest Ave, 35th St, 32nd St, Salesian Ave | $601 |
| Tidewater Dr, Moyers Dr, Alvarado Pl, Ventura St, Elm Ave, S 55th St, Echo Hawk Ct, Flamingo Ct, Ray Ave, Selmi Grove Ln | $663 |
| Eaglewood Ct, Ash Ln, Fieldstone Dr Dr, Bowhill Ln, Rancho de Maria, Henry Clark Ln, S 34th St, O Rourke Dr, Marquette Ct, Mozart Dr | $613 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Richmond | $92 to $94 |
| North Richmond | $89 |
| San Pablo | $90 |
| East Richmond Heights | $94 |
| Coverage ($) | Deductible ($) | Age of home | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150000 | 250 | New | Encompass | 989 |
| 150000 | 250 | 4-6 Years | Universal North America | 454 |
| 150000 | 250 | 16-25 Years | Liberty Ins Corp | 890 |
| 150000 | 500 | 16-25 Years | Bankers Standard | 2138 |
| 150000 | 500 | 26-40 Years | Century National | 853 |
| 150000 | 500 | 41-70 Years | Encompass | 1179 |
| 200000 | 500 | New | Century National | 726 |
| 200000 | 500 | New | Grange | 446 |
| 200000 | 500 | 1-3 Years | Pacific Specialty | 467 |
| 200000 | 500 | 16-25 Years | Amica Mutual | 800 |
| 200000 | 500 | 16-25 Years | Horace Mann P & C | 1252 |
| 200000 | 500 | 41-70 Years | Oregon Mutual | 1103 |
| 250000 | 1000 | 7-15 Years | State Farm | 823 |
| 250000 | 1000 | 26-40 Years | Grange | 711 |
| 250000 | 1000 | 41-70 Years | Foremost Insurance | 1159 |
| 250000 | 500 | New | Safeco | 610 |
| 250000 | 500 | 7-15 Years | Integon/National | 1584 |
| 250000 | 500 | 16-25 Years | CSAA Ins Exch | 1572 |
| 300000 | 500 | 7-15 Years | Bankers Standard | 2419 |
| 300000 | 500 | 16-25 Years | First American Ins | 1282 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $2,800 |
| Yearly Richmond Homeowner Insurance Premium Example | $1,000 | $500 |
| Out of Pocket Expense During Claim | $800 | $2,800 |
| Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim | $5,800 | $5,300 |
| Net Savings to Richmond Home Owner from High Deductible Plan | $500 | |
| Scenario | Richmond, CA Home Replacement Value MORE than Home Value | Richmond, CA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $359,500 | $235,500 |
| Insurance Premium based on Replacement Value | $1,000 | $650 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $66,500 | Risk Exposure from Under Insuring Coverage is $57,500 |
| Premium Impact | Insurance cheaper by $150/year | Insurance costlier by $200/year |
| Insurance Company | GEICO Insurance | Farmers Insurance | State Farm |
| Monthly Premium | 53 | 49 | 51 |
| Year Built | 1949 | 1972 | 1954 |
| Home Details | 4 Beds, 3 Baths | 2 Beds, 1 Baths | 3 Beds, 2 Baths |
| Coverage Amount | $300000-$350000 | $250000-$300000 | $200000-$250000 |
| Deductible | > $10,000 Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible |