Owning a home is a huge investment. An important aspect of homeownership is getting homeowners insurance. Are you wondering about the rates of homeowners insurance in Daly City? Look no further.
Daly City was named after a famous businessman and landlord John Donald Daly. The city is progressing at a fast speed and is currently home to a population of 107,214. It is a famous tourist spot and was earlier called the Gateway of Peninsula. This guide makes getting homeowners insurance in Daly City easier. Read on to know more about Daly City’s cheapest homeowners insurance providers.
The average cost of homeowners insurance in Daly City, CA is $990 per year, lower than the state and national average.
|Place||Average Homeowners Insurance Premium|
With the right research and comparison, you can make sure that you get the best deal for your homeowners’ insurance. This guide will list down the important factors you should consider before getting your Daly City homeowners insurance.
Tokio Marine America homeowners insurance premium is by far the cheapest at $399 per year. However, depending on your requirements, other insurance companies might be a better choice.
|Insurance Company||Average Insurance Rate (Yr)|
|Tokio Marine America||$399|
|Stillwater Prop & Cas Company||$574|
|Mercury Ins Group||$601|
|Stillwater Ins Company||$615|
|Universal North America||$657|
|CSAA Ins Exch||$679|
Homeowners insurance in Daly City, CA would be expensive if you are buying it from Travelers or Wawanesa. The insurance premium with these companies would be $682 and $685 respectively.
The most number of homes in Daly City have a home value of $300,000 – $400,000. There are 1,324 homes in this category. The average homeowners’ insurance premium is $408 for a home value of $300k – $400k.
|Home Value||Number of Homes||Average Insurance Premium|
|Less than $50k||207||$28|
|$50k – $60k||93||$66|
|$60k – $70k||95||$75|
|$70k – $80k||77||$87|
|$90k – $100k||51||$109|
|$100k – $125k||116||$124|
|$125k – $150k||91||$163|
|$150k – $175k||245||$187|
|$175k – $200k||68||$220|
|$200k – $250k||346||$255|
|$250k – $300k||578||$317|
|$300k – $400k||1,324||$408|
Tokio Marine America provides the cheapest Daly City homeowners insurance with $300k dwelling coverage for a 7- to 15-year-old home at $344.
|Company||Average Insurance Premium|
|Tokio Marine America||$344|
|Stillwater Ins Group||$465|
|Mercury Ins Group||$562|
For newly constructed homes with $400k dwelling coverage, Stillwater Ins Group has the cheapest Daly City homeowners insurance rates at $299.
|Company||Average Insurance Premium|
|Stillwater Ins Group||$299|
|Tokio Marine America||$350|
|Stillwater Prop & Cas Co.||$367|
|Pacific Property & Casualty||$384|
|Universal North America||$392|
For 7- to 15-year-old homes with $400k dwelling coverage, Tokio Marine America provides the most affordable homeowners insurance rates at $452.
|Company||Average Insurance Premium|
|Tokio Marine America||$452|
|Stillwater Ins Group||$598|
|Mercury Ins Group||$709|
|Universal North America||$738|
Daly City homeowners insurance can range from $595 to $669, depending on which neighborhood the house is located in. Homeowners’ insurance rates in Daly City differ by location due to a lot of risk factors. The number of insurance claims being filed in the area, the number of homes in the area, and the local crime rate are just a few factors that affect the rates.
|Street Names in Daly City, CA||Average Insurance Cost|
|Stoneyford Dr, Hoffman St, Hoffman St, Shelter Ln, Irvington St, Westmont Dr||$596|
|Margate St, Philip Dr, Cerro Dr, Muirwood Dr, Santa Rita Ave, John Daly Blvd, Peoria St||$645|
|Lakewood Dr, Acton St, Abbot Ave, Wildflower Ct, Ardendale Dr, Vista Grande Ave||$654|
|Woodside Ave, Sylvan St, Macarthur Dr, Ford St, Bruno Ave, Upland Ave||$657|
|S Park Plaza Dr, Sea View Dr, Belmar Ave, Northridge Dr, Simpson Dr, Plymouth Cir, Northgate Ave||$669|
The cheapest neighborhood for homeowners insurance in Daly City costs $596 whereas the most expensive neighborhood costs $669 in Daly City, CA.
|Rating Company||Mercury Ins||Statefarm||Allstate||USAA|
|JD Power Rating||NIL||4/5||4/5||5/5|
|AM Best Rating||A||A++||A+||A++|
It is always the right thing to ask your insurance agent each and every detail about your homeowners’ insurance policy. Always ask them about the replacement cost of your home, the coverage limit you’ll get, and in case of an accident such as fire or theft, how will the company help you in filing a claim.
|Allstate||801 Lincoln Way Ste A, San Francisco, CA, 94122|
|Allstate||43138 Christy St Ste 102, Fremont, CA, 94538|
|Allstate||1300 Grant Ave Ste 104, Novato, CA, 94945|
|Travelers||6155 Almaden Expy STE 410, San Jose, CA, 95120|
|State Farm||15200 Hesperian Blvd Ste 102, San Leandro, CA, 94578-3955|
Senior occupied homes in Daly City, Broadmoor, Brisbane, and San Bruno get a discount ranging from $99 – $101. In Daly City, senior occupied homes get a discount of $99 on their homeowners’ insurance.
|City||Average Insurance Savings|
One car insurance along with Daly City homeowners insurance from the same company can help you in getting a discount of $99 in Broadmoor and Colma Town, CA. Two car insurance bundles will help you save anywhere between $130 – $135.
|Bundle Policy||X1 Car Insurance||X2 Car Insurance||X3 Car Insurance|
|Broadmoor CDP, CA||$99||$133||$199|
|Colma Town, CA||$99||$133||$199|
|Brisbane City, CA||$101||$135||$202|
|Coverage||Age Of Home||Company||Average Homeowners Insurance Rate|
|$150k||4-6 Years||AIG Prop Cas||$883|
|$150k||4-6 Years||First American Ins||$517|
|$150k||1-3 Years||Horace Mann P & C||$415|
|$250k||New||Farmers (Fire Ins)||$545|
|$250k||4-6 Years||Foremost Insurance||$927|
|$300k||4-6 Years||Foremost Insurance||$1111|
a.) Reach out to a homeowners insurance agent/agency in Daly City, CA:
This guide has provided the contact details of the best homeowners insurance agents in Daly City, CA. Reach out to one of them and explain your insurance needs to the agent.
b.) Decide your insurance policy’s coverage and deductible amount:
The coverage you choose and the deductible amount in your policy will have an impact on the insurance premium you end up paying. So it is important to choose the right coverage and homeowners deductible amount.
c.) Compare different policies and choose which suits you the best:
Once you have contacted insurance agents and have compared the cost of different Daly City homeowners insurance policies, choose the one which suits you the best.
Resource Links For California Homeowners Insurance
The average cost of homeowners insurance in Daly City, CA is $990 per year, that is, $83 every month.
Homeowners insurance is a good investment that will protect your happy place from unexpected accidents that can destroy your home. This includes fire, weather damage, theft, robbery, etc.
Anywhere between $99 to $202. If you need one car insurance, you can get a discount of $99. If you need two or more car insurance bundles, then the discount can reach up to $202.
Tokio Marine America homeowners insurance premium is $399 per year. This is a good starting point and is definitely one of the cheapest insurance rates in Daly City, CA.
By always doing your own research. You must compare various Daly City homeowners insurance companies not only based on their price, but you should also check the coverage levels they offer and then make a decision based on your requirements.