Pomona is located in between the Inland Empire and the San Gabriel Valley. Pomona’s beautiful and charming city is named after the Roman goddess of fruit as you can visit the city any time of the year and still enjoy delicious fruits. Pomona is not just a land of fruits; it offers a vibrant array of events, such as the Los Angeles County Fair, the 2nd Saturday Art Walk, Chalk Art Festival, and Downtown Collectors Street Faire.
As of 2020, the city has a total population of 152,366, with 38,477 housing units. The cost of living in Pomona is 36.2% more than the U.S. average. Despite that, the city’s homeownership rate is 52.3%, with a median home value of $418,600, which is also higher than the national average.
Most homeowners in Pomona have a homeowners insurance policy, even if it’s not legally required. Having homeowners insurance protects the insured party from financial losses caused by hurricanes, fire, wind, and theft. One of the biggest concerns about homeowners insurance is the price. People are always looking for more affordable insurance rates.
Finding affordable Pomona homeowners insurance is now easier than ever. The best way is to shop around by getting quotes from different insurance providers and compare their coverages and rates. We have made your research work easier. Simple use the Insurance Online quote comparison tool and get free quotes from the best insurance companies.
Pomona homeowners insurance premiums vary from state to state. Suppose you are currently searching for a suitable homeowners insurance policy. In that case, it is a good idea to know the average homeowners insurance rate in your city, in the state and the national average.
The average cost of Pomona homeowners insurance is $906 per annum. Depending on the cost of your property, the annual premium can be as low as $54.
|Pomona Average (annual)||California Average||United States Average|
Homeowners insurance rate varies from one insurance company to another. All the companies have their system to analyze your personal needs, assess the risk factor, and offer an annual rate. Each company offers different discounts, which affects the cost of your insurance premium.
State Farm offers the most affordable rates for Pomona homeowners insurance policy. Their homeowners insurance premium cost $509, which is hundreds of dollars cheaper than other competitors’ rates. To ease up your research, we have collected the annual insurance cost from different providers. Take a look at the table below:
|Company||Average Annual Premium Rate|
Every homeowner knows deciding the coverage amount can be confusing. The homeowners insurance premium depends on various factors, and dwelling coverage is the most significant one. The dwelling coverage amount is the amount that will be used to replace your home if it gets damaged by any covered peril, such as storm, theft, etc.
One of the biggest mistakes people make is using their home’s actual value as the dwelling coverage amount. You need to remember that the marketing rates fluctuate, which may leave you over-insured or underinsured.
Your chosen dwelling coverage amount will affect your annual premium. See the table below to understand it better.
|Coverage Amount||Home Insurance Cost ($)|
|$100,000 dwelling||$ 204.95|
|$200,000 dwelling||$ 729.58|
|$300,000 dwelling||$ 961|
|$750,000 to $1000,000 dwelling||$1,842|
|Above $1000,000 dwelling||$2,177.89|
Homeowners’ insurance rates depend on several variables such as the location of your home. Even if you moved just a couple of blocks away from your house, your insurance rates could either go up or down. For instance, if the crime rate in your new neighborhood is high, your insurance premium can increase by 3-5%.
Other factors that can affect your Pomona homeowners insurance rates include the proximity to the nearest fire station and police station, susceptibility to flood and earthquake, and the number of insurance claims filed in a certain neighborhood.
We have calculated Pomona homeowners insurance rates based on ZIP codes. Take a look at the table below:
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
|Fortner Way||91767||$ 630|
|S San Antonio Ave||91766||$1860|
Deductibles are an important part of your Pamona homeowners’ insurance policy. A deductible is an amount that homeowners agree to pay to the insurance company before filing an insurance claim. The deductible amount selected by you will affect your insurance premium.
Generally, if your deductible is lower, your insurance premium will be more. So, if you want your annual premium to be low, you should choose a high deductible amount.
|Deductible Level||Average Annual Homeowners Insurance Rate|
A standard homeowners insurance has various coverages that protect different areas or parts. Here is a list of coverages available:
A homeowners insurance policy protects your biggest asset against any unforeseen disasters. It’s a big decision that can’t just rely on the quote offered by an insurance provider.
While shopping for an insurance policy, you must pay attention to the financial stability of the company to ensure they can pay money in case a claim is filed. You should also check their customer service rating, customer complaints, and management stability. To help you quickly find the right insurance provider, we have listed the top-rated Pomona homeowners’ insurance companies.
|Company||J.D. Power Ranking||A.M. Best Rating||BBB rating|
|State Farm||4 out of 5 stars||A++ (Superior)||A|
|Nationwide||3 out of 5 stars||A+ (Superior)||A+|
|Erie||5 out of 5 stars||A+ (Superior)||A+|
|Travelers||5 out of 5 star||A++ (Superior)||A+|
|Allstate||3 out of 5 stars||A+ (Superior)||A+|
|Home Insurance Company Near Pomona, CA||Address|
|State Farm||9011 Garvey Ave Suite B, Rosemead, CA, 91770|
|State Farm||2607 W Olive Ave, Burbank, CA, 91505-4526|
|Allstate||20201 SW Birch St # 170, Newport Beach, CA, 92660|
|State Farm||8405a Lincoln Blvd, Westchester, CA, 90045|
|Travelers||149 PASADENA AVE STE B, S PASADENA, CA, 91031|
If you live in Pomona, having a homeowners insurance policy is necessary to protect yourself from a financial setback. The average cost of homeowners insurance is lower in Pomona than in most California cities. One of the reasons for a low-cost premium is the low frequency of insurance claims.
There are still some perils that lead to insurance loss in Pomona, such as:
Depending on your location, your Pamona homeowners insurance premium can be very expensive. There are plenty of other ways that can help you to reduce the cost of your premium. Here are some money-saving tips for homeowners looking for affordable insurance policies:
|1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Montclair city, California||$74||$100||$150|
|La Verne city, California||$79||$105||$158|
|San Dimas city, California||$82||$107||$160|
Replacement cost is the amount it would take to rebuild your home with similar products and features if it gets damaged due to any unforeseen disaster. Replacement cost depends on the dwelling coverage level and the amount your insurance provider will pay if a claim is filed.
When you select your dwelling coverage amount, make sure it’s equal to the replacement cost and more than your home’s market value.
A home warranty plan includes coverage of all the home appliances, electrical, plumbing, heating, and air conditioning systems. It protects your home appliances and equipment from breakdown.
On the other hand, a standard homeowners insurance policy only pays for damages caused by unforeseen disasters such as fire and weather damage. It won’t cover any damages resulting from a lack of maintenance.
Under the personal liability coverage, if your dog caused an injury to someone or damages someone else’s property, your insurance will cover the loss. Some insurance providers don’t cover damages caused by large dogs, which are categorized as aggressive. In such cases, you can buy umbrella coverage to protect yourself from unexpected expenses.
Here are some of the restricted dog breeds that insurance companies don’t insure:
Yes, your Pamonahomeowners insurance policy covers all of your personal items inside or outside your home. You need to make a police complaint to start the claim process. You can speed up the claim process if you can provide receipts of the stolen item.
Yes, your insurance company can consider your policy as non-renewal, which means your policy will not be renewed at the time of expiration. Your insurance provider will inform you about your coverage being dropped, giving you sufficient time to purchase a new homeowners insurance policy. Your policy can also be canceled due to non-payment and other risk factors.