Simi Valley ,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 Simi Valley, 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 Simi Valley, CA is $1385. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Simi Valley, CA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Simi Valley, CA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $554 |
| $200,000 | $942 |
| $300,000 | $1,163 |
| $400,000 | $1,773 |
| $500,000 | $2,230 |
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 Simi Valley, CA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,420 |
| $1000 Deductible | $1,270 |
| $1500 Deductible | $1,198 |
| $2500 Deductible | $1,080 |
| $5000 Deductible | $914 |
| Home Insurance Company Near Simi Valley, CA | Homeowners Insurance Agency Near Simi Valley, CA | Address |
|---|---|---|
| Travelers | Acacia Assoc Ins Svs Inc | 350 S CRENSHAW BLVD STE A106, TORRANCE, CA, 90503 |
| State Farm | Bernard Gandara | 3347 N Eastern Ave, Los Angeles, CA, 90032-1931 |
| Travelers | Davalos Insurance Agency Llc | 745 S ATLANTIC, LOS ANGELES, CA, 90022 |
| State Farm | Fay Ely | 604 N Pacific Coast Hwy, Redondo Beach, CA, 90277-2106 |
| Farmers | Mimi Young | 49 S Baldwin Ave Ste I, Sierra Madre, CA, 91024 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Santa Susana CDP, California | $81 | $107 | $161 |
| Bell Canyon CDP, California | $91 | $121 | $181 |
| Oak Park CDP, California | $84 | $112 | $168 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Simi Valley, CA | 2.0% | 10.2% |
| Santa Susana | 2.02% | 15.04% |
| Bell Canyon | 1.51% | 6.05% |
| Oak Park | 1.71% | 6.71% |
| Simi Valley Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 143 | 1.0% | $328 |
| $200 to $299 | 146 | 1.0% | $778 |
| $300 to $499 | 268 | 2.0% | $1228 |
| $500 to $749 | 448 | 4.0% | $1903 |
| $750 to $999 | 514 | 4.0% | $2653 |
| $1,000 to $1,499 | 2,602 | 24.0% | $3778 |
| $1,500 or more | 6,606 | 61.0% | $5428 |
| Streets in Simi Valley Area | Homeowners Insurance Cost |
|---|---|
| Emory Ave, Felix Ave, Pacific Ridge Rd, N Currier Ave, Briarhurst Ct, Cayuga Dr, Presidential Dr, Crazy Horse Dr, Twisted Oak Dr, Alta Vista Rd | $653 |
| Florence St, Sequoia, Casmalia Ct, Quiet Ct, Yuba Dr, Erica St, Faxton Ct, N Muirfield Ave, Ventura Way, Ayhen St | $691 |
| Yurok Ct, Eisenhower Way, Cory St, Fallcreek Ct, E Alden St, N Alden St, Enchanted Way, Roxy St, Sapphire Ave, Timberlane Cir | $639 |
| Denby Ct, Leisure Ln, Moreno Dr, Diamond Ct, Maidu Ct, Candice Ct, Gaston Rd, Kadota St, Tam Ct, Research Rd | $628 |
| Astorian Dr, Cowgirl Ct, Coldbrook Pl, Parkhurst St, Jonesboro Ave, Delano Ct, Palermo Ct, N Fasley Ave, E Knollhaven St, Peace Pipe Ct | $681 |
| Noel Cir, Century Pl, 11th St, Glacier St, Leisure Ln, Graham St, Oleander Way, Roan St, Nonchalant Dr, Sinaloa Rd | $631 |
| Gates Pl, East St, Hidden Ranch Dr, Crystal Cir, Rain Wood St, Fort Worth Dr, Mayland Pl, Clear Sky Pl, Ziron Ave, Georgette Pl | $651 |
| Ayhens St, Bowie Ct, Lynwood St, E Lecont Ct, Watson Ave, Beachnut Ave, Fred Ave, Obsidian Ct, Kyle Ln, Blaze Ave | $626 |
| Desert Creek Ave, Dorothy Ave, Venice St, Greenbriar Ave, Woodhaven Ct, Thompson Ave, Granite Hills St, Deanna Ave, Marr Ranch Rd, Al Way | $626 |
| Goddard St, N Hietter Ave, Bluebird Cir, Coastal Oak Dr, Summertime Ave, N Woodrow Ct, Doheny Ct, Pine View Dr, Hull Ct, Sutter Ave | $624 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Simi Valley | $95 to $98 |
| Santa Susana | $96 |
| Bell Canyon | $109 |
| Oak Park | $100 |
| Coverage ($) | Deductible ($) | Age of home | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150000 | 250 | 1-3 Years | Liberty Ins Corp | 465 |
| 150000 | 250 | 1-3 Years | Tokio Marine America | 253 |
| 150000 | 250 | 26-40 Years | First American Ins | 445 |
| 150000 | 250 | 26-40 Years | Universal North America | 554 |
| 150000 | 500 | New | Horace Mann | 236 |
| 150000 | 500 | 1-3 Years | Encompass | 437 |
| 150000 | 500 | 4-6 Years | Homesite | 700 |
| 150000 | 500 | 4-6 Years | Tokio Marine America | 234 |
| 150000 | 500 | 4-6 Years | Unigard Group | 406 |
| 150000 | 500 | 41-70 Years | Western Mutual/Residence | 520 |
| 200000 | 500 | 1-3 Years | AIG Prop Cas | 601 |
| 200000 | 500 | 4-6 Years | Grange | 451 |
| 200000 | 500 | 4-6 Years | Integon/National | 612 |
| 200000 | 500 | 7-15 Years | Bankers Standard | 1483 |
| 200000 | 500 | 16-25 Years | Horace Mann P & C | 463 |
| 200000 | 500 | 41-70 Years | Safeco | 777 |
| 250000 | 1000 | 4-6 Years | Amica Mutual | 631 |
| 250000 | 1000 | 4-6 Years | Bankers Standard | 1266 |
| 250000 | 1000 | 4-6 Years | First American Ins | 456 |
| 250000 | 1000 | 7-15 Years | Kemper | 613 |
| 250000 | 1000 | 7-15 Years | Liberty Ins Corp | 771 |
| 250000 | 1000 | 16-25 Years | First American Ins | 554 |
| 250000 | 1000 | 16-25 Years | Stillwater Ins Co | 535 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $900 | $1,900 |
| Yearly Simi Valley Homeowner Insurance Premium Example | $1,900 | $1,400 |
| Out of Pocket Expense During Claim | $900 | $1,900 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $6,600 | $6,100 |
| Net Savings to Simi Valley Home Owner from High Deductible Plan | $500 | |
| Scenario | Simi Valley, CA Home Replacement Value MORE than Home Value | Simi Valley, CA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $794,000 | $549,500 |
| Insurance Premium based on Replacement Value | $2,300 | $1,600 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $129,000 | Risk Exposure from Under Insuring Coverage is $115,500 |
| Premium Impact | Insurance cheaper by $325/year | Insurance costlier by $375/year |
| Insurance Company | GEICO Insurance | Allstate | Chubb Group of Insurance |
| Monthly Premium | 74 | 166 | 92 |
| Year Built | 1988 | 1995 | 2006 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $400000-$500000 | $700000-$800000 | $500000-$600000 |
| Deductible | $5000 to $10,000 Deductible | $500- $1000 Deductible | $2500-$5000 Deductible |