How much is homeowners insurance in California? The answer depends on the city. At the least, a Santa Maria insurance will cost you $283 a year. Whereas the priciest type of home insurance will run you $1,790.
What you should be really asking is: How much is home insurance per year? For Santa Maria, the average annual home insurance cost is around $824.56. It’s definitely one of the lowest rates we’ve seen. For comparison, the state average is $986 a year.
The Top Homeowners Insurance Companies in Santa Maria, CA
Integon/National has the cheapest homeowners insurance for $300,000 coverage. The CA insurance company charges $458/yr for a house that’s 7 to 15 years or 26 to 40 years old.
In the $400,000 category, Pacific Property & Casualty has the cheapest rates for a new home. But if you want the same home insurance coverage for a 7-15 year house, the lowest annual home insurance cost is from Mercury Ins Group.
The top 10 homeowners insurance companies in Santa Maria CA are:
- Mercury Ins Group ($489.75)
- Integon National ($490.75)
- First American Specialty ($557.25)
- California Capital ($565.25)
- Universal North America ($572.75)
- Pacific Property & Casualty ($574)
- Tokio Marine America ($582.75)
- Kemper ($593.25)
- Wawanesa ($595.25)
- Pacific Specialty ($608.25)
| Company | Annual rates for a new house & 400k coverage | Annual rates for 7-15 yr house & 400k coverage | Annual rates for 7-15 yr house & 300k coverage | Annual rates for 26-40 yr house & 300k coverage | Company Average |
|---|---|---|---|---|---|
| Mercury Ins Group | $400 | $599 | $472 | $488 | $489.75 |
| Integon/National | $443 | $604 | $458 | $458 | $490.75 |
| First American Specialty | $449 | $728 | $526 | $526 | $557.25 |
| California Capital | $454 | $693 | $551 | $563 | $565.25 |
| Universal North America | $363 | $685 | $553 | $690 | $572.75 |
| Pacific Property And Casualty | $283 | $754 | $568 | $691 | $574 |
| Tokio Marine America | $549 | $708 | $537 | $537 | $582.75 |
| Kemper | $471 | $715 | $588 | $599 | $593.25 |
| Wawanesa | $458 | $743 | $577 | $603 | $595.25 |
| Pacific Specialty | $502 | $784 | $603 | $544 | $608.25 |
| Travelers | $509 | $804 | $643 | $601 | $639.25 |
| ASI Select Ins Corp | $477 | $768 | $615 | $699 | $639.75 |
| AAA (Interinsurance Exchange) | $390 | $868 | $656 | $662 | $644 |
| Aegis Security | $598 | $789 | $597 | $719 | $675.75 |
| California Casualty | $421 | $842 | $709 | $738 | $677.5 |
| Horace Mann | $640 | $854 | $605 | $641 | $685 |
| Western Mutual/Residence | $576 | $770 | $598 | $804 | $687 |
| MAPFRE Group | $517 | $890 | $661 | $693 | $690.25 |
| USAA | $656 | $849 | $650 | $691 | $711.5 |
| QBE | $606 | $809 | $646 | $800 | $715.25 |
| Metropolitan Direct | $605 | $917 | $705 | $739 | $741.5 |
| Grange | $648 | $923 | $727 | $727 | $756.25 |
| Horace Mann P & C | $706 | $942 | $671 | $711 | $757.5 |
| IDS Property Casualty | $614 | $938 | $693 | $797 | $760.5 |
| Nationwide | $493 | $1,001 | $778 | $811 | $770.75 |
| Amco | $495 | $1,003 | $779 | $813 | $772.5 |
| Allstate | $603 | $998 | $745 | $745 | $772.75 |
| Safeco | $711 | $1,014 | $782 | $782 | $822.25 |
| Stillwater Prop & Cas Co | $549 | $1,095 | $852 | $861 | $839.25 |
| Amica Mutual | $743 | $1,026 | $804 | $804 | $844.25 |
| State Farm | $584 | $1,146 | $876 | $946 | $888 |
| CSE Safeguard | $590 | $1,044 | $933 | $996 | $890.75 |
| Liberty Ins Corp | $578 | $1,053 | $853 | $1,080 | $891 |
| American Reliable | $852 | $1,023 | $802 | $979 | $914 |
| Homesite | $836 | $1,101 | $865 | $915 | $929.25 |
| Hartford (Sentinel) | $737 | $1,123 | $932 | $1,098 | $972.5 |
| Encompass | $859 | $1,200 | $920 | $920 | $974.75 |
| Cincinnati Ins Co | $938 | $1,177 | $903 | $948 | $991.5 |
| Farmers (Fire Ins) | $755 | $1,219 | $996 | $1,022 | $998 |
| AIG Prop Cas | $972 | $1,210 | $926 | $970 | $1019.5 |
| Stillwater Ins Co | $753 | $1,459 | $1,135 | $1,128 | $1118.75 |
| General Ins | $742 | $1,422 | $1,137 | $1,210 | $1127.75 |
| American Security | $964 | $1,377 | $1,034 | $1,199 | $1143.5 |
| Chubb/Federal | $1,109 | $1,366 | $1,097 | $1,097 | $1,167.25 |
| American Modern | $1,277 | $1,392 | $1,014 | $1,118 | $1,200.25 |
| Bankers Standard | $1,090 | $1,430 | $1,343 | $1,405 | $1,317 |
| Foremost Insurance | $1,455 | $1,601 | $1,138 | $1,256 | $1,362.5 |
| Privilege Underwriters Exch | $1,288 | $1,790 | $1,342 | $1,342 | $1,440.5 |
| Average | $673.08 | $1005.13 | $783.23 | $836.79 | Santa Maria Average: $824.56 |
The most affordable annual home insurance for a new home with $400,000 coverage are:
- Pacific Property & Casualty ($283)
- Universal North America ($363)
- AAA Interinsurance Exchange ($390)
- Mercury Ins Group ($400)
- California Casualty ($421)
But if you’d like to get homeowners insurance at $400,000 coverage for a 7-15 year house, the top picks are:
- Mercury Ins Group ($599)
- Integon/National ($604)
- Universal North America ($685)
- California Capital ($693)
- Tokio Marine America ($708)
Finally, if you need $300,000 coverage for a 7-15 or 26-40 year home, you can get the best homeowners insurance rates here:
- Integon/National ($458)
- Mercury Ins Group ($472-$488)
- First American Specialty ($526)
- Tokio Marine America ($537)
- California Capital ($551-$563)
Why compare home insurance companies in Santa Maria, CA?
Each Santa Maria insurance agency offers different types of property insurance. Their yearly home insurance cost will vary based on their coverage. Our home insurance comparison tool allows you to compare two things:
- The average homeowners insurance cost for every company. So you can get a bird’s eye view of who has the cheapest prices.
- The annual homeowners insurance rates for every policy. So you can choose from different types of homeowner insurance.
How to Calculate Homeowners Insurance Coverage
When buying homeowners insurance, there’s one important trick you need to learn. And that is knowing how to estimate homeowners insurance cost. Tools designed for home insurance comparison can only help you set a budget. However, they won’t help you decide between a 300K or 400K home insurance.
To calculate your needed coverage, you have to consider the following:
- The cost of rebuilding your home
- The cost of replacing your property (except vehicles)
- The total value of your at-risk assets
Step 1: Estimating the cost of rebuilding a home
California home insurance companies can pay for the cost of rebuilding a home. It considers the possibility of a house being completely destroyed. The replacement value of the home structure will be taken into account, including:
- Roofing materials
- Flooring materials
- Built-in cabinets
- Exterior elements (i.e. stonework)
- Other interior fixtures (i.e. sinks)
Tip: Your dwellings coverage should equal the total amount.
Step 2: Calculating the replacement cost of your personal property
The best homeowners insurance companies will cover your personal belongings. But there is a limit on how much coverage a Santa Maria insurance can provide. Usually, it will be anywhere around 50% to 75% of your dwellings coverage.
To illustrate, let’s say you have a dwellings insurance policy worth $300,000. This means you can get as much as $150,000 to $225,000 in personal property coverage. Some personal belongings you can cover are:
- Clothes and jewelry
- Electronics and kitchen appliances
- Furniture
- Power tools
Tip: Keep an inventory of your personal items. Include details such as the date of purchase and their replacement value. If you can, take pictures of your most valuable possessions. Your CA insurance agency might demand proof of possession, so it pays to be a step ahead.
Step 3: Calculating the value of at-risk assets
Planning to take out a personal liability coverage? Then you need to check your assets to see which ones are at risk in the event of a lawsuit. Some assets such as 401(k)s, home equity, social security benefits, and IRAs are safe from lawsuits.
Below are examples of at-risk assets:
- Vehicles and boats under your name
- Any business asset you own
- Bank savings and investments
Tip: Each state has different laws around assets. In California, 401(k) funds are safer than IRAs. CA residents are thus advised to include their IRAs when calculating for at-risk assets.
Once you have calculated costs from Steps 1-3, add them up. The total amount will be the home insurance coverage you need for your Santa Maria home.
What is it like to live in Santa Maria, CA?
Santa Maria is a pleasant Californian beach town. Only, it doesn’t have as much traffic typical of one. The city also isn’t frequented by tourists in the same way that Santa Barbara is. With most shops closing at 9, it’s a nice place to settle down if you’re not fond of a fast-paced life.
The city grew by 7.4% in the last 7 years and has 107,014 residents as of 2017. Households have a median income of $55,485 which, unfortunately, is much less than California average. What the city lacks in income, it makes up for with lower cost housing. The median value of houses in Santa Maria CA is $297,200. Meanwhile, California houses have a median value of $443,400.
Disclaimer:
The home insurance costs on this web page were retrieved from the official website of
Other California Cities
Victorville CA Home Insurance Rates
The average price of homeowners insurance in Victorville, CA is about $1,126/yr. It’s a bit steep compared to the state average which is only $986. Though it is $47 cheaper than the U.S. average. We did a home insurance comparison of various providers in the city. The top 3 cheapest home insurance companies are: Pacific … Read more
Berkeley CA Home Insurance Rates
The average cost of homeowners insurance in the city is $1,181/yr. Annual premiums in Berkeley, CA are $195 more than the state average and $8 higher than the national average. We compared rates from different providers across Berkeley. Based on our findings, the cheapest home insurance policies belong to the following: Mercury Insurance Group offers … Read more
Carlsbad CA Home Insurance Rates
Carlsbad homeowners have 48 California insurance agencies to choose from. Each offers premiums at a different rate – the highest being $1,958/year and with $308 as the most affordable. The typical home insurance cost in Carlsbad, CA is about $879/year. It’s $107 cheaper than the average home insurance cost in California and $294 lower than … Read more
Costa Mesa CA Home Insurance Rates
Costa Mesa, CA is serviced by 48 California home insurance companies. Several factors affect their homeowners insurance premiums. Though it could go as high as $2,129/year with $371 being the cheapest home insurance premium available. The overall average cost of homeowners insurance in Costa Mesa, CA is around $994/year. It’s only slightly higher than the … Read more
Fairfield CA Home Insurance Rates
The typical home insurance cost per year in Fairfield, CA is about $956. It’s less than the average cost of home insurance in California and the U.S. by $30 and $217, respectively. Despite these already-low rates, you can still buy homeowners insurance for cheaper in the city. It all boils down to finding companies with … Read more
Temecula CA Home Insurance Rates
Temecula home insurance could cost you up to $1,113 each year. It’s $127 more than the average California home insurance rates. Although compared to the national average, local rates are $60 less. But did you know that you can still buy home insurance for a lower price? We used our comparison table to rank local … Read more
Inglewood CA Home Insurance Rates
In Inglewood, CA the home insurance cost per year is between $355 and $4,470 depending on the provider and coverage. Meanwhile, the city’s average home insurance cost is $1,242.35. For comparison, the typical homeowners insurance cost is $986 in California and $1,173 in the United States. Locals spend $256.35 and $69.35 more than the state … Read more
Antioch CA Home Insurance Rates
Home insurance rates in Antioch, CA can range from $365 to $2,245 per year. But the typical home insurance cost irrespective of coverage is $985/year. It’s close to the average rates in California and $188 cheaper than what the average U.S. citizen pays. The Best Home Insurance Rates in Antioch, CA You can buy the … Read more
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: Mercury Insurance Group. They have the most affordable yearly home insurance cost for a new house with $400,000 coverage.Western Mutual/Residence. They have the … Read more
Richmond CA Home Insurance Rates
We looked at home insurance quotes from companies across the city. And if you want the cheapest homeowners insurance in Richmond, CA there’s Stillwater and Tokio Marine America. For $365 to $517 a year, you can get up to $400,000 coverage for your home. The best deals don’t stop here, though. There are plenty other … Read more
West Covina CA Home Insurance Rates
The yearly home insurance cost in West Covina, CA is about $1,100. It’s one of the more expensive rates in California. The state average is only $986/year. And yet it’s also one of the best homeowners insurance rates in the United States. The typical home insurance cost in the country is $1,173/year. If these rates … Read more
Norwalk CA Home Insurance Rates
The average price of homeowners insurance in Norwalk, CA is $1,152.87 per year. It costs more than the state average by $167. But at least it’s $20 less than the national average. Using our comparison tool, we looked at home insurance rates in Norwalk, CA. Based on our analysis: Allstate is the cheapest home insurance … Read more
