Find Affordable Homeowners Insurance

Murrieta CA Home Insurance Rates

We used the table below for homeowners insurance comparison of all 48 companies in Murrieta, CA. According to our analysis, the top 3 home insurance providers in the city are as follows:

  1. Mercury Insurance Group. They have the most affordable yearly home insurance cost for a new house with $400,000 coverage.
  2. Western Mutual/Residence. They have the cheapest home insurance for a 7-15 year house with $400,000 coverage.
  3. Integon/National. The company has the lowest annual home insurance rates for 7-15 year and 26-40 year houses with $300,000 coverage. They also have the cheapest homeowners insurance overall, with standard policies averaging to $692.75.

Besides these three, you can grab pretty decent bargains from others as well.

Where to Get Cheap Homeowners Insurance in Murrieta, CA

The average homeowners insurance cost in Murrieta, CA is $1,112/yr. Compared to the average American, local residents save $61 each year. Although they do spend $126 more than the average Californian who only pays $986/yr.

Does this mean you have to spend $1,112 to buy home insurance? Not really. The average price is no more than a rough valuation. It’s based on the rates of all home insurance providers in Murrieta City – from the most affordable to the most expensive. It’s only supposed to give you a general idea of what you’ll be spending. But it will more likely cost you more or less. The actual cost would depend on your provider and coverage.

No matter which policy you choose, you can buy the cheapest home insurance from:

  1. Integon/National ($692.75)
  2. Mercury Ins Group ($714.75)
  3. First American Specialty ($750.50)
  4. Western Mutual/Residence ($761.75)
  5. Pacific Specialty ($782.75)
  6. MAPFRE Group ($785.25)
  7. QBE ($803.25)
  8. Kemper ($829.50)
  9. Tokio Marine America ($830.75)
  10. California Capital ($836.25)
CompanyAnnual rate for a new house & $400k coverageAnnual rate for 7-15 yr house & $400k coverageAnnual rate for 7-15 yr house & $300k coverageAnnual rate for 26-40 yr house & $300k coverageAverage
Average$898.96$1361.19$1057.13$1132.08Murrieta Average:
$1112.34
Integon/National$625$856$645$645$692.75
Mercury Ins Group$412$965$746$736$714.75
First American Specialty$603$985$707$707$750.5
Western Mutual/Residence$639$855$662$891$761.75
Pacific Specialty$643$1,015$775$698$782.75
MAPFRE Group$588$1,013$752$788$785.25
QBE$689$910$725$889$803.25
Kemper$658$1,010$818$832$829.5
Tokio Marine America$783$1,010$765$765$830.75
California Capital$674$1,023$815$833$836.25
American Security$685$978$734$958$838.75
AAA (Interinsurance Exchange)$527$1,169$884$893$868.25
Universal North America$550$1,064$850$1,069$883.25
USAA$819$1,071$829$866$896.25
Pacific Property And Casualty$463$1,205$913$1,105$921.5
Amica Mutual$825$1,141$891$891$937
Safeco$816$1,164$897$897$943.5
ASI Select Ins Corp$734$1,157$918$1,037$961.5
CSE Safeguard$642$1,141$1,014$1,069$966.5
State Farm$655$1,283$981$1,061$995
Allstate$779$1,293$968$968$1002
California Casualty$632$1,253$1,056$1,103$1011
Wawanesa$789$1,314$982$974$1014.75
Grange$872$1,244$978$978$1018
Aegis Security$916$1,219$914$1,108$1039.25
Travelers$842$1,318$1,032$991$1045.75
Amco$672$1,363$1,059$1,104$1049.5
American Reliable$981$1,180$923$1,129$1053.25
Nationwide$675$1,370$1,064$1,110$1054.75
Stillwater Prop & Cas Co$709$1,404$1,090$1,102$1076.25
General Ins$734$1,403$1,122$1,194$1113.25
Horace Mann$1,054$1,406$972$1,030$1115.5
Homesite$1,012$1,348$1,048$1,110$1,129.5
Stillwater Ins Co$765$1,482$1,152$1,145$1136
American Modern$1,219$1,328$967$1,066$1145
IDS Property Casualty$972$1,489$1,100$1,266$1206.75
Horace Mann P & C$1,206$1,608$1,111$1,178$1,275.75
Foremost Insurance$1,384$1,522$1,081$1,193$1,295
Hartford (Sentinel)$1,038$1,600$1,318$1,525$1,370.25
Cincinnati Ins Co$1,317$1,678$1,276$1,339$1,402.5
Encompass$1,300$1,811$1,388$1,388$1,471.75
AIG Prop Cas$1,390$1,759$1,337$1,402$1,472
Liberty Ins Corp$913$1,716$1,360$2,049$1509.5
Metropolitan Direct$1,319$1,998$1,535$1,609$1,615.25
Chubb/Federal$1,582$1,965$1,564$1,564$1,668.75
Farmers (Fire Ins)$1,278$2,146$1,727$1,673$1,706
Privilege Underwriters Exch$1,828$2,539$1,904$1,904$2,043.75
Bankers Standard$1,942$2,566$2,393$2,508$2,352.25

If you have a new house, the five most affordable $400,000 home insurance is from:

  1. Mercury Ins Group ($412)
  2. Pacific Property & Casualty ($463)
  3. AAA Interinsurance Exchange ($527)
  4. Universal North America ($550)
  5. MAPFRE Group ($588)

You can get the best $400,000 homeowners insurance for a 7-15-year-old house at:

  1. Western Mutual/Residence ($855)
  2. Integon/National ($856)
  3. QBE ($910)
  4. Mercury Ins Group ($965)
  5. American Security ($978)

But if you want a lower $300,000 home insurance policy for a 7-15 year old house, these companies have it cheaper:

  1. Integon/National ($645)
  2. Western Mutual/Residence ($662)
  3. First American Specialty ($707)
  4. QBE ($725)
  5. American Security ($734)

Last on our list is $300,000 home insurance for a 26-40 year old house. You can get the best rates for this policy at:

  1. Integon/National ($645)
  2. Pacific Specialty ($698)
  3. First American Specialty ($707)
  4. Mercury Ins Group ($736)
  5. Tokio Marine America ($765)

Why compare homeowners insurance rates in Murrieta, CA?

Buying homeowners insurance is a huge decision. It’s going to protect your home so naturally, you’d want to be careful about it. Otherwise, you run the risk of getting poor coverage – and you wouldn’t even know it until it’s too late.

That’s what our home insurance comparison tool is for. By providing a list of available home insurance companies in your area, it allows you to have as many options as possible. The tool also lets you rank rates from the cheapest to the most expensive. That way, you can limit your quote requests to companies that are within your budget.

By equipping you with these basic functions, you can get enough coverage for your home without blowing up your wallet.

What Is Underinsurance?

Nearly every American who owns their home has homeowners insurance. According to the Insurance Information Institute (III), that’s about 94 to 96 percent or roughly 70 million of the U.S. populace. However, CoreLogic estimates that as much as 20 percent of Americans are underinsured. Meaning, 3 out of 5 households in the United States have home insurance that doesn’t meet their needs.

An underinsured home does have home insurance. Only, it doesn’t provide adequate coverage. If your home is damaged by a covered peril, you will end up paying a sizeable amount on repairs, renovations, and replacement costs. Underinsurance also poses the risk of losing your home if you get sued.

How can I avoid underinsurance?

The increasing prices of construction work are the primary reason why homes become underinsured. A simple way to avoid this is to check your home insurance every year. Make sure your policy is enough to cover repairs and reconstruction costs, so you don’t have to pay for them out of pocket.

Living in Murrieta, CA – The Pros and Cons

Murrieta is by far the best place to live in the state. Numbers don’t lie about it either. It enjoyed a tremendous growth of 9.4% in the last seven years from a population of 103,466 in 2010 to 113,236 in 2017. California only grew by 6.1% in the same period. And yet the city doesn’t feel congested at all with its well-spaced buildings. Residents chock it up to good city planning.

Now you might think that this fast-growing city isn’t ideal for families. Quite the contrary. Murrieta, CA has a safe, quiet, and clean environment. It’s close to wineries, casinos, beaches, and trails for hiking and biking – that is, if you enjoy these kinds of places. Sadly, there isn’t much to do here at night. Although Murrieta’s central location makes it easy to access busier cities like Los Angeles and San Diego.

Locals have a median household income of $80,373 which is also one of the highest in California. Coupled with more affordable housing than the rest of the state, it’s easy to see why an increasing number of people are deciding to live here. The median value of houses in Murrieta is $367,400 which is $76,000 less than the state average.

Disclaimer:

The home insurance costs on this web page were retrieved from the official website of California Insurance Department. Actual rates may vary from the displayed costs. Only use our website as a general guideline to compare home insurance rates. Statistics involving US cities and states were sourced from the United States Census Bureau website.

Other California Cities:

Victorville CA Home Insurance RatesBerkeley CA Home Insurance RatesCarlsbad CA Home Insurance RatesCosta Mesa CA Home Insurance RatesFairfield CA Home Insurance RatesTemecula CA Home Insurance RatesInglewood CA Home Insurance RatesAntioch CA Home Insurance RatesMurrieta CA Home Insurance RatesRichmond CA Home Insurance Rates

Leave a Comment