Orange County is a metropolitan city in the state of California, United States. This city of over three million people is a haven for working, living, and raising your family. This city is the home to the famous Anaheim’s Disneyland Resort, Honda center, exquisite restaurants, and breathtaking sandy beaches.
The city is plagued with the fear of earthquakes and California’s wildfire, which recently burned close to the city. The high influx of tourists makes this haven an expensive place to live. Despite this high figure, the cost of living is quite high, and 57 percent of people living in Orange County are homeowners.
We are here to help you find the right homeowners insurance to protect your properties and investment. The average cost of insurance in the city is $891; it is one of the lowest in California, and it is 25 percent lower than the country’s average insurance rate.
|Orange Annual Average||California Average||United States Average|
The insurance company providing your homeowner’s insurance is a primary determinant of how much you will pay for your insurance plans. Mercury insurance has the best prices in homeowners insurance in Anaheim at a rate of $610.
|Company||Average Annual rates ($)|
|Stillwater insurance Group||935|
|American National Property and Casualty Company||952|
Various factors contribute to the overall cost of insurance in different locations. Orange County has one of the most magical buildings on Earth; this greatly influences property price. The average property price in Orange is over six hundred thousand dollars. There is a direct relationship between property cost and premium paid on insurance.
Buying a home in Orange is a huge investment, and it will be best to protect such an investment from damage or risks. It will help if homeowners in Orange county seek insurance coverage on their properties even though the law does not stipulate it. Your selected home coverage level also affects how much you pay as a premium annually.
|Dwelling Coverage level||Average annual premium|
Your property location in Orange county determines your yearly premium. Property values, fire hazards, number of residents that filed claims in the previous year, and crime rate. We provide the cheapest and most expensive areas below.
|Names of Areas||Zipcodes of areas||Average annual bundle insurance rate|
|Center Street Promenade||92805||$857|
|La Palma Avenue||92899||$919|
|PO Box 27061||92809||$931|
As a homeowner insurance holder, you have the luxury of picking the amount of deductibles on your insurance premium. Deductibles are the maximum amounts a homeowner covers in the event of damage before the insurance company covers the rest. The lower your deductible amount, the more money you have to pay for insurance every month.
|Deductibles||Average insurance premium|
Orange has eight different types of insurance coverage for people who purchase homeowner insurance; they are listed below
|Homeowners insurance||What is covered|
|HO-1 (Basic Plan)|
|HO-2 (Broad Plan)|
|HO-3 (Special Plan)|
|HO-4 (Tenant’s Plan)|
|HO-5 (Comprehensive Plan)|
|HO-6 (Condo Plan)|
|HO-7 (Mobile home Plan)|
|HO-8 (Older home Plan)|
When it comes to deciding the insurance company to use for your homeowners insurance, you should consider the company’s financial stability. This will determine the company’s ability to pay insurance claims. So, before purchasing insurance policy in any company, ensure you check the AM Best rating and the JD Power ranking of the company.
|Home insurance company||Average annual rate for $250K dwelling||J.D. Power customer satisfaction score||AM Best Rating|
|CSAA Insurance Group||$807||832/1,000||A|
Every homeowners insurance has its coverage limits. Some cover standard risks like fire damage, vandalism, and theft. However, when it comes to major natural disasters, the basic insurance policy might not cover losses from this kind of damage.
In Orange, here are the major natural disasters you need coverage from.
|Home Insurance Company||Homeowners Insurance Agents||Address of Agents|
|State Farm||Adolfo Saldana||7344 Magnolia Ave Ste 100, Riverside, CA, 92504-3819|
|Travelers||Beall Financial & Ins Serv Inc||130 W Vine St, REDLANDS, CA, 92373|
|Travelers||New Century Insurance Services Inc||16 N SECOND ST, ALHAMBRA, CA, 91801|
|State Farm||Suzanne Flores||4788 Peck Rd, El Monte, CA, 91732-1349|
|State Farm||Yvonne Solis||1375 W Sunset Blvd, Los Angeles, CA, 90026-4449|
An excellent way to save up on your insurance policy is by doing a bundle package. The bundle package covers both your home and your car and is provided by the same insurance company. Bundling saves you 17% annually.
|Company||Average Bundle premium|
Your new insurance will not cover damage incurred during your lapsed insurance. Your insurance company typically gives you three months before severing ties with you. It is advisable not to let your insurance plan expires or lapse before renewing it.
Yes, your homeowner’s insurance should typically cover any damage to your boat while it is on your property if you have at least an HO-3 insurance policy.
Homeowners insurance is not compulsory under California law. However, we recommend you get insurance. Lenders generally require you to have valid homeowners insurance while paying off your mortgage.
Yes, you can bundle your home and a bike if you do not have a car. If you have multiple cars, a car, and a bike, you can bundle all of these together with your home. Speak to your insurer about your bundling options.
Orange has several earthquakes yearly. This city suffered over 500 earthquakes in 2020. Most of these earthquakes are not serious enough to cause a lot of damage to your property. For most homeowners insurance in Orange, damage from the earthquake is not covered. It would be best to get an earthquake policy on your property.