Do you know how much a Clovis Homeowners Insurance costs? If not, worry no more!
Clovis is a beautiful city in Fresno County, California. It has been rated as the one of the best places to live in by niche.com. The city offers a great health care and schooling system with a well organised lifestyle. The population in Clovis was 118,000 as of 2020.
The average cost of a standard homeowners insurance policy in Clovis ranges between $520 to $710. However, with proper research and the help of this guide, yo u can manage to get the best homeowners insurance deal and keep your home protected from accidents such as fire, robbery, weather damage, pipeline damage.
|Place||Average Homeowners Insurance Premium|
|Clovis||$520 – $710|
State Farm provides the cheapest rate of $449 per year with $19,999 dwelling coverage and $1k deductible. Farmers insurance is another great company to look at. Its average homeowners insurance rate is $635 per year which includes $27k dwelling coverage and $2,500 homeowners deductible.
|COMPANY||Average Insurance Price (Yearly)|
The most expensive homeowners insurance in Clovis would cost you over $970 and is offered by Liberty Mutual Insurance Company.
A $150,000 dwelling coverage policy will cost you anywhere between $372 to $470 based on the company you choose. California Capital provides the cheapest Clovis homeowners insurance at $150k dwelling coverage amount for just $372. It provides a $200k dwelling coverage policy at $733.
|Coverage||Company||Average Insurance Price (Yearly)|
|$150,000 dwelling||California Capital||$372|
|$150,000 dwelling||Horace Mann||$470|
|$200,000 dwelling||Pacific Speciality||$669|
|$200,000 dwelling||American Modern||$714|
|$250,000 dwelling||California Casualty||$733|
|$250,000 dwelling||Pacific Speciality||$857|
Homeowners with a home value of $100,000 to $125,000 need to pay an insurance premium of $262. The Clovis homeowners insurance rate for a home value of more than $200,000 will be above $511 on an average. Your home value is a determining factor for your Clovis homeowners insurance premium.
|Home Value||Number of Homes||Average Insurance Premium|
|Less than $50k||773||$59|
|$100,000 – $125,000||630||$251|
|$126,000 – $150,000||766||$333|
|$151,000 – $175,000||1,943||$380|
|$176,000 – $200,000||1,440||$436|
|$200,000 – $250,000||3,619||$532|
|$251,000 – $300,000||3,391||$644|
Your homeowners’ insurance premium is influenced by the street you live in. The least expensive streets in Clovis, CA have an insurance rate of $599. They are Brookhaven Dr, Shirley Ave and Filbert. In W Bedford, Houston Ave and Rialto Ave neighbourhoods, insurance rates can reach upto $639.
|Street Name Nearby Clovis, CA||Average Insurance Cost|
|W Bedford, Rialto Ave, W Sierra, N Fancher Ln, N Leonard, Houston Ave||$639|
|N Jasmine, W Decatur, Burl Ave, Whittier Ave, Fordham, Purvis||$621|
|N Halifax, Russell Ave, W el Paso Ave, N Traverse Ave, N Montana Ave||$611|
|Miami Ct, Cindy, N Fancher Ave, Cromwell, Waldby St, Quincy||$614|
The reason why insurance premiums are different in different neighbourhoods is because of the number of homes in a neighbourhood, volume of claims being filed, historic number of claims and the local crime rate in the area.
Homeowners insurance deductible is one out of the many decisions you will be making while buying a home insurance policy in Clovis. The deductible amount must be selected carefully depending on your personal capacity. It’s that part of the claim which you need to pay by yourself if your home is damaged.
A high home insurance deductible will make your insurance premium less expensive. But if your deductible amount is low, you’ll have to pay a higher insurance premium.
$800 in homeowners deductibles bring the cost of an insurance premium to $717 an year on average. If you have a higher deductible amount, then the insurance rate which you pay will be lower. Deductible is the amount you need to pay by yourself in case your home is damaged due to an accident.
|Deductible Amount||Average Insurance Premium|
|Above $5,000||Varies according to company|
A $2,600 deductible homeowners insurance policy will cost $599 per year.
You can choose from a list of coverage options such as dwelling, flooding, personal property and other structure coverages. Here’s a brief explanation about each of them.
|Dwelling Insurance||Covers damage to only your home building and attached structures like a garage. Does not include personal belongings that lie inside the home.|
|Flood Insurance||In case of flood, having flood insurance will help you to claim losses for the damage done to your home.|
|Personal Property Insurance||Your personal belongings inside your home like your bed, sofa, dining table etc are protected by this coverage option.|
|Personal Liability Insurance||This will cover the lawyer’s fee or any special cost in case a court finds you guilty of damage or injuries that took place on your property.|
|Other Structure Insurance||Unattached structures to your home like fence or tool shed fall under this coverage option.|
Before getting your Clovis homeowners insurance, you might want to check the ratings of the insurance company you are dealing with. A.M Best Financial Strength ratings of companies rated GEICO Insurance ‘A++’. Allstate and Nationwide were rated A+. GEICO stands out among all the companies listed in the table below.
|Company||Company’s Market Share||Rating|
Senior occupied homes in Clovis, CA can enjoy a homeowners insurance saving of $92. This is almost the same in other cities but in Fort Washington, the homeowners insurance savings for senior-occupied homes is almost $100.
|City||Average Insurance Savings|
If you’re a homeowner in Clovis, CA looking to get your home insured, these insurance agents are top rated near Clovis, CA and would definitely be of help to you.
|Farmers Insurance||903 Pollasky Ave, Clovis, CA, 93612|
|Farmers Insurance||1932 W Sunnyside Ave, Visalia, CA, 93277|
4020 S Demaree St Ste A 93277
|Allstate||91 W Shaw Ave Ste 109, Fresno, CA 93704|
|State Farm||1437 West Shaw Avenue, Fresno, CA 93711-3608|
|State Farm||371 E Bullard Ave Ste 104, Fresno, CA, 93710-5217|
|Rio Mesa||3134 Willow Ave – Ste 102 Clovis, CA 93612|
Bundling your homeowners insurance policy with a car insurance can help you save anywhere around $70 to $150. One car insurance bundle will save you $77 and two car insurances along with Clovis homeowners insurance will save you $101.
|Area||x1 Car Insurance Bundle Discount||x2 Car Insurance Bundle Discount||X3 Car Insurance Bundle Discount|
|Tarpey Village CDP, CA||$72||$100||$149|
|Fresno County, CA||$77||$101||$155|
|Fresno CCD, Fresno County, CA||$77||$101||$155|
GEICO offers upto 20% multi-policy discount while most other companies offer more than 10% bundling discount. Nationwide is not as impressive as others because it provides a discount of only upto 6%.
|Company||Bundling Discount Percentage|
|Liberty Mutual||Upto 14%|
To make your job of finding the most affordable homeowners insurance in Clovis easier, this table compares three insurance companies based on different factors.
|Company||Travelers||Nationwide Insurance||GEICO Insurance|
|Type of Home||3 Beds and 1 Bathroom||4 Beds and 1 Bathroom||5 Beds and 1 Bathroom|
|Coverage Limit||$20k – $26k||$401k – $499k||$700k – $799k|
|Deductible||$550- $999||> $8,999||$2500-$5000|
Travelers is the cheapest insurance at $44 which offers a coverage limit of $26k max in case of claims. Whereas, GEICO insurance costs $155 monthly but offers a greater coverage of $799k max in case of loss or damage to your home.
The standard Clovis homeowners insurance will not cover your losses if they happen by a natural disaster such as an earthquake or flood. These are natural factors and claiming compensation in such cases is not under a homeowners insurance.
A Flood Insurance policy protects your home from natural disasters by covering your losses. Talk to your insurance agent and they will guide you further in regards to this matter.
If you do not want to spend money on homeowners insurance, then we recommend that you get a minimum insurance coverage that can at least cover the replacement cost of your home.
Never deal with unlicensed agents. This will protect you from scams and wastage of time. Always politely ask for the agent’s insurance license if you have any doubt.
Resource Links For California Homeowners Insurance
A homeowners insurance will cover your losses when your home is damaged or destroyed in an accident. It can be anything ranging from a small fire to a pipeline burst in your home. A homeowners insurance is a wise investment for anyone who owns a home.
No, you have to pay a monthly insurance premium.
This is because the insurance companies calculate each policy’s premium differently. The factors that decide a premium include the neighbourhood, the value of the home, coverage limit, deductibles, risk variables and more.
According to A.M Best Financial Strength ratings, GEICO Insurance was rated ‘A++’. Allstate and Nationwide were rated A+.
No, they do not. You need to buy a separate flood insurance policy from NFIP to be covered.