Modesto is located 68 miles away from Sacramento and is situated in Stanislaus County. The city is surrounded by rich farmlands of lettuce, grapes, almonds, and other daily products. The residents enjoy close proximity to Yosemite National Park, Lake Tahoe, and other attractions of San Francisco. Modesto is home to the world’s largest winery, E & J Gallo Winery, and largest wine bottle manufacturing company, the Gallo Glass Company.
The city is surrounded by natural beauty and has pleasant weather to enjoy outdoor activities. When you take a stroll around the city, you will notice that all the streets are lined up with tall trees, and the neighborhoods have a tranquil environment. There are many parks and waterways where people can spend quality time. Sunshine Rafting is very famous for showcasing the best of Stanislaus River while keeping everyone safe. In addition to that, you can watch live performances at the Gallo Center for the Arts. Modesto is known for its fine dining, and to find great food and entertainment, you can go to the heart of the city – downtown and just walk down to “This is Camp 4 Adults” and “Surla’s.” The city is famous for its art scenes, and there are many museums and galleries.
Modesto is the perfect place to relax and stay away. Two hundred twelve thousand six hundred sixteen people call the city their home. The city has 72,332 housing units, with a homeownership rate of 55.1%. The median home value in Modesto is $226,699. The cost of living in the city is 9% higher than the U.S. average. Regardless of high living costs, it is the perfect time to buy a property in Modesto. Whether you are currently living in the city or are planning to purchase a house, it is always a good idea to purchase a Modesto homeowners insurance policy.
A standard homeowners insurance policy not only offers peace of mind but also protects your home from any unforeseen financial setbacks. Although it is not legally required to purchase homeowners insurance, it’s wise to get one anyway. If you are looking to buy homeowners insurance in Modesto, try our Home Insurance Quote Comparison Tool and get free homeowners insurance quotes from top-rated insurance companies.
When you are looking for homeowners insurance, you need to compare rates from the best-rated companies in your area to ensure you get the best rates.
In Modesto, the average homeowner insurance rate is $680, which is lower than the national average.
|Modesto Average Home Insurance Cost (annual)||California Average||United States Average|
In Modesto, different homeowners insurance companies offer competitive prices depending on the type of coverage you are looking for. All the insurance companies offer special discounts, which affects the insurance premiums. You need to find the right insurance company for your needs.
Tokio Marine America offers the most affordable Modesto homeowners insurance, valued at just $210 per year. Take a look at the table below and see rates offered by different insurance providers in Modesto.
|Company||Average Annual Premium Rate|
|Tokio Marine America||$210|
|First American Ins||$799|
When you buy a homeowners insurance policy, you will be asked to choose a dwelling coverage limit used to pay for the replacement or repair cost of your property in case of a disaster. Generally, if your dwelling coverage selected level is high, your homeowners insurance will cost more.
Here’s how different coverage levels affect your annual homeowners insurance cost in Modesto:
Homeowners Insurance Rates in Modesto by Coverage Limits
|Dwelling Coverage Amount||Annual Home Insurance Cost|
|$750,000 to $1000,000||$2,115|
Homeowners insurance companies in Modesto use local variables to calculate potential risks and insurance costs. The location of your property is the primary factor that can make your insurance cost high or low. Even if you move from one street to another in the same city, your homeowners insurance premium may fluctuate.
Take a look at the table below, as we have listed the homeowners insurance rates in Modesto based on different ZIP codes.
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
When you purchase homeowners insurance, your insurance agent would ask you to decide on a deductible amount. A deductible is a dollar amount that a homeowner is responsible for paying when filing an insurance claim. A high deductible can help you to reduce the cost of your homeowners insurance premium.
The following table shows how Modesto homeowners insurance rates fluctuate based on different deductible amounts.
|Deductible Level||Average Annual Homeowners Insurance Rate|
A standard homeowners insurance policy in Modesto provides the following coverages:
When you are looking for a homeowners insurance policy, price is not the only thing you need to check. All the insurance companies offer competitive premium rates to allure homeowners. When you buy homeowners insurance, you must pay attention to the company’s financial background, claim process, and customer service.
To make your research easier, we have listed the best Modesto homeowners companies based on J.D. Power Rankings, AM Best Ratings, and BBB Ratings.
|Company||J.D. Power Ranking||A.M. Best Rating||BBB Rating|
|GEICO||5 out of 5 stars||A++ (Superior)||A+|
|Erie||5 out of 5 stars||A+ (Superior)||A+|
|Nationwide||3 out of 5 stars||A+ (Superior)||A+|
|Farmers||3 out of 5 stars||A+ (Superior)||A+|
|Travelers||5 out of 5 star||A++ (Superior)||A+|
|Homeowners Insurance Agency Near Modesto||Address|
|State Farm Insurance Agent||1230 13th St A, Modesto, CA 95354, United States|
|Paul’s Insurance Agency||1031 McHenry Ave Suite 9, Modesto, CA 95350, United States|
|Lamoure’s Insurance||1367 Standiford Ave suite a, Modesto, CA 95350, United States|
|Golden Oak Insurance Services (Insurance Broker)||3540 Oakdale Rd Suite A-1, Modesto, CA 95357, United States|
|Arrowhead Insurance||3508 Dale Rd, Modesto, CA 95356, United States|
|TopFlight Insurance Services||901 N Carpenter Rd #37, Modesto, CA 95351, United States|
|Lamoure’s Insurance||1367 Standiford Ave suite a, Modesto, CA 95350, United States|
The most common reason for homeowners insurance claims in Modesto is wildfires. A standard homeowners insurance policy covers your property for damages caused by fire and smoke. Still, as Modesto is located in a high-risk zone for wildfires, the residents might find it challenging to get coverage. Here are additional causes of homeowners insurance claims in Modesto:
Homeowners insurance keeps your property protected, but it can be very expensive. Insurance companies offer many discounts for several factors. If your home is new, you can get a discount of up to 14%. Another way to save money is by installing alarm systems and smoke detectors at your home.
The best way to reduce your Modesto homeowners insurance premium is bundling. By bundling your auto and home insurance, you can save up to 20% on your premium. Refer to the following table to see how bundling your home and auto insurance affects your insurance premiums.
|Company||Avg. Annual Auto Insurance Rate (With Bundle)|
Standard homeowners insurance protects you financially if your property gets damaged due to an unexpected incident. Buying a house is the biggest investment of anyone’s life, making it inevitable to protect it. A standard homeowners insurance will pay to repair or replace your property if it gets damaged by covered incidents. It will also provide liability protection and medical coverage in case a guest gets injured at your house. Most importantly, your lending company requires you to have homeowners insurance to safeguard their investment.
If you have a bad credit history, your insurance company may deny your homeowners insurance. If you successfully get a homeowners insurance policy, your rates will be high due to your low credit score.
Personal property coverage protects your personal items from damages caused by any covered peril. Your personal items could be furniture, electronics, clothing, art pieces, etc. If you ever lose your personal items to theft or fire, your personal property coverage will pay to repair or replace those items.
The actual cash value coverage means the policy will cover an item’s cost after deducting the depreciation amount. The Replacement cost coverage means the policy will pay the amount to repair or replace the damaged property.
The modified or functional replacement cost is a new option available for the residents of Modesto. This coverage enables them to restore the home to its functional condition after being damaged by the covered perils. Under this coverage, your damaged property will be replaced by something that serves the same purpose but is not the same.