Best 30 Homeowners Insurance in Oakland, CA
Table of Content
In the last five years, Oakland median home prices haveshot upfrom $625,000 to $900,000. This is good news for homeowners who are looking to sell their homes, but it may be a problem for new buyers who pay higher prices. There are additional expenses to consider, such as property taxes and home insurance. Oakland’s average home insurance rate is $1,021 per annum for a $250,000 house. While this is lower than thenational averageof $1,312, some homeowners may still find it hard to afford.
Mat Dahms is an insurance professional who is affiliated with State Farm. He caters to individuals, families, and businesses in the Oakland metro and nearby areas. He offers a wide range of insurance products, including homeowners', auto, health, life, and pet insurance plans. He also provides condominium, disability, contractors' policy, liability umbrella, and workers' compensation insurance policies. Dahms worked as a consultant in the high-tech industry prior to becoming an insurance agent with State Farm.
Farmers Insurance - Ruth Stroup
How much insurance you need depends on the size of your home, its age, and other unique factors. Standard insurance policies cover around 70% of the total value of your home and additional covered property. Most policies that offer premises liability include $100,000 in liability coverage.
Your home insurance could be less or more, depending on several factors like the size of your house, your credit score, your house's building materials, and your claims history. Purchasing lower amounts of coverage can help to keep costs in check. In Florida, you are not mandated to carry homeowners insurance on your property by the state.
Insurance Disclosure
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions.
The market share of a company represents its percentage of sales in comparison to other companies in its industry. The greater a company's market share, the greater its dominance. A large market share of a life insurance company suggests that the company has sold more policies than its competitors. Ensure you're getting the best rate for your life insurance. The cheapest average rates in Oakland start at $11 per month for a $250,000 coverage policy and $23 for the recommended amount of insurance needed in the state. Fortunately, there arecheap home insurance providers in Oaklandthat beat the city average by nearly half.
Home Insurance in Oakland, CA
The agency provides homeowners insurance, as well as personal and commercial insurance, from a variety of insurers, including Liberty Mutual, Mercury, and Progressive, among others. Its home insurance products include homeowners, renters, condo, in-home business, mobile home, and landlords insurance. Del-Rose Insurance Services offers solutions to individuals in Oakland and its surrounding areas. Its team also offers clients car insurance, applicable to various makes and models of standard autos, and to other motor vehicle types like trucks, boats, sports bikes, jet skis, and vans.
Its agents often advise clients on what policies can satisfy the needs of their unique circumstances, such as coverage for falling trees or earthquake insurance. 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. The average cost of home insurance in Oakland, California, is $1,697.
Jain is active in multiple community organizations, including the Oakland African American Chamber of Commerce. We found the best cheap home insurance in Oakland using coverage offerings and rates from the best homeowners insurance companies in the region. Based on data provided by Quadrant Information Services, ASI Progressive, Mercury and USAA are among the cheapest Oakland home insurance companies.
Due to California state regulations, insurance companies in Oakland cannot charge homeowners higher premiums for having a poor credit score. Therefore, in Oakland and other cities in California, your credit score will not affect the cost of homeowners insurance. The Hartford offers optional flood protection coverage for Oakland homeowners who need it.
KinAllstateTravelers$1,149$1,943$1,214Keep in mind that home insurance costs vary depending on your home and your insurance history. Safety features also play a big role in the discounts you qualify for. We also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverage and higher deductibles.
That means yourcoverage is calculatedbased on things like your home’s square footage and construction costs in your area, not the amount it would go for on the open market. Smokers are considered riskier to insure by life insurance companies because they are more susceptible to ailments that shorten life expectancy. As a result, smokers typically pay higher insurance premiums. Fortunately, there are several affordable life insurance options for smokers. If you smoke, consider purchasing cheap life insurance suited for smokers.
This insurer charges an average of $11 per month for men and $9 per month for women. Both State Farm and Progressive tie in price based upon average Oakland annual premiums. Progressive has a lower customer rating, while State Farm has a better one. A number of factors are taken into consideration by insurance companies when pricing home insurance.
I also feel that sticking with the same insurance company might help in the future. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you.
The monthly cost of home insurance should not be too painful if homeowners know which discounts they can take advantage of. There are 182 licensed insurance companies in the State of California, so you will have plenty of opportunity to choose the company that you want. However, with so many choices, it is important that you narrow down your choices with a quote so that you are not researching companies that offer policies out of your price range. Think of these as mini policies that add on coverage to fit your lifestyle.
You should always ensure that you only insure the value of your home, without including your property. Your land cannot be stolen; therefore, there is no reason for you to insure your land. Oakland home insurance costs are influenced by many factors.
Comments
Post a Comment