Richmond, CA Homeowners Insurance

Being a homeowner in Richmond, CA is a matter of pride for many people. If you have invested so much money in your home, then you need to be sure that this investment does not go waste. Richmond homeowners insurance will help you protect your home from dangers like weather damage, fire, robbery, and theft.

Richmond is well known as a developing city in Contra Costa County, California. With a population of 119,000, it is an amazing place to live in. The Tilden Regional park and Point Pinole Regional Shoreline are a must visit.

What is The Average Cost of Homeowners Insurance in Richmond?

The average cost of homeowners insurance in Richmond is $975 per year. This figure is below the Californian state average of $1,147. Richmond homeowners need not worry about spending a big amount on homeowners insurance since there are many affordable policies available. This guide will help you in finding the best homeowners insurance in Richmond.

Average Homeowners Insurance Premium In Richmond Vs State and National Averages

PlaceAverage Homeowners Insurance Premium
Richmond$975
California$1,147
USA$1,539

Richmond Homeowners Insurance Rates by Company

Travelers provides the cheapest homeowners insurance at $499 per year. A pretty good deal to start your comparison with.

Best Homeowners Insurance Rates in Richmond by Company

COMPANYAverage Insurance Price (Yearly)
Travelers$499
Farmers Insurance$516
State Farm$687
Safesco$706
Allstate$1,345
Liberty Mutual$1,999

Richmond Homeowners Insurance Rates by Coverage Amount

The dwelling coverage amount you choose will have an impact on your Richmond homeowners insurance premium. If your dwelling coverage requirement is $200,000, then your insurance premium will be between $729 and $799. Always keep in mind that a higher coverage amount demands higher insurance premium too.

Richmond Homeowners Insurance Rates by Coverage Amount

CoverageCompanyAverage Insurance Price (Yearly)
$150,000 dwellingUniversal North America$455
$150,000 dwellingTravelers$468
$200,000 dwellingCentury National$721
$200,000 dwellingAmica Mutual$799
$250,000 dwellingState Farm$820
$250,000 dwellingForemost Insurance$1,154

Richmond Homeowners Insurance Rates by Home Value

There are 3,985 homes in Richmond that have a home value of more than $300,000. Homeowners insurance for such houses will be $712 per year. If your home value is somewhere between $100k – $125k, then your average homeowners insurance premium will be 220 per year.

Best Richmond Home Insurance Rates By Home Value

Home ValueNumber of HomesAverage Insurance Premium
Less than $50k490$52
$68,000 – $78,000256$145
$79,000 – $90,000175$177
$91,000 – $100,000142$193
$101,000 – $125,000950$220
$126,000 – $150,000670$282
$151,000 – $175,0001,334$329
$176,000 – $200,000917$379
$201,000 – $250,0001,941$452
$251,000 – $300,0001,950$555
$300,000+3,985$712

Your homeowners insurance in Richmond depends on a lot of factors. One of them is the value of your home. The higher your home value, the higher your insurance premium will be. Other factors that decide your homeowners insurance premium are neighbourhood, age of home, and the replacement cost of your home.

Homeowners Insurance Cost In Richmond By Neighbourhood

Homes in Barnard Street, Gatto Street, Canal Boulevard, and nearby streets  enjoy the cheapest Richmond homeowners insurance rates of only $600 per year. On the other hand, the most expensive homeowners insurance is for the homes that are on the South 55th Street, Hawk Court and Tidewater Drive. The insurance costs $660 annually in these areas.

Homeowners Insurance Rates In Richmond By Neighbourhood

Street Name Near Richmond, CAAverage Insurance Cost
Barnard St, Glenwood Ct, Gatto St, Crest Ave, Canal Blvd, S 35th St, Salesian Ave$600
S Ridge Dr, Escuela Ct, S 37th St, Oxford Ave,  Big Bear Ct, Lambert Rd, Peerless Ave$604
Bowhill Ln, Rancho de Maria, Henry Clark Ln, S 34th St, O Rourke Dr, Eaglewood Ct$611
Via Verdi, Club Ct, N Rancho Ct, Skypark Pl, Washington Ave, Lexington Ave$617
Gately Ave, Garden Rd, Stony Ct, Gordon Ct, Meadow Ct, John Muir Pkwy, Sorrento Ct$619
Carlfield Ave, Cardiff Ct, Cliff Ln, Argyle Rd, Martin Luther King Jr Ave$623
Overend Ave, Moyers Rd, Hillside Ct, San Antonio St, Chabre Ct, S 47th St$654
S 55th St, Echo Hawk Ct, Flamingo Ct, Tidewater Dr, Moyers Dr, Selmi Grove Ln$660

What Is Richmond Homeowners Insurance Deductible?

Homeowners insurance deductible is the amount which you need to pay you in case of a loss. It can be as less as $500 or as high as $5,000. The deductible which you choose will indirectly impact your insurance rate.

Having a very high insurance deductible means that you will be paying a big portion of the loss from your own pocket, which will result to a lower insurance rate. On the other hand, having a low homeowners insurance deductible means the insurance company will have to pay for most of your loss. Because of this, expect a higher Richmond homeowners insurance rate.

Richmond Homeowners Insurance Rates By Deductibles

For $1,000 homeowners deductible, you need to pay an $889 homeowners insurance premium in Richmond. A higher deductible amount will bring down your insurance premium. 

Homeowners Insurance Premium In Richmond By Deductibles

Deductible AmountAverage Insurance Premium
$500$991
$800$975
$1,000$889
$1500$740
$1,600$678
$2,000$537
$2,800$499
Above $5,000Varies as per insurance provider

What Are The Types Of Discounts Available With A Richmond Homeowners Insurance?

The various types of discount include multi-policy discount, secure home discount, paperless, good credit, claim-free and much more. Look at the table below to know more about the possible discounts you will be able to enjoy.

Types of discounts while purchasing a homeowners insurance in Richmond

Discount TypeDescription
Multi-Policy If you buy two policies, example, home insurance and car insurance, with the same company, you can enjoy a multi-policy discount.
Secure HomeIf you have CCTV cameras, fire alarms and other security devices installed in your home or community, then you can enjoy the secure home discount.
LoyaltyLoyalty discount is available to those who have been the clients of the insurance company for some years.
Claim-FreeIf you never had any accident like a fire or robbery in your home, it means you are claim free. In such a case, you are eligible for a discount.
Good CreditIf your credit score is higher than 750, then you can also get a good credit discount from the insurance company.
Pay In FullYou can pay for your Richmond homeowners insurance monthly as well as yearly. If you pay yearly premiums, then you can save some money with this discount.
PaperlessThis is a rare discount provided only by a few companies nowadays. Paperwork has been reduced and paperless discounts as well.

Best Homeowners Insurance Companies In California

Statefarm and Allstate have pretty good ratings given by rating agencies in California. Checking the company’s ratings before purchasing homeowners policy will help you decide which is the right choice for you. State Farm scored an A grade as per BBB and an A++ as per AM Best Rating.

Top Rated Homeowners Insurance Companies In California

Rating CompanyMercury InsStatefarmAllstateUSAA
BBB RatingA+AA+B+
JD Power RatingNIL4/54/55/5
NAIC ValueNIL0.250.300.18
AM Best RatingAA++A+A++

List Of Top Richmond Homeowners Insurance Agents

The top rated homeowners insurance agents/agencies along with their addresses are given below. Burch Boehner from State Farm Insurance and Lampai Lp from Liberty Mutual can be reached near Richmond in San Jose, CA.

Top Rated Homeowners Insurance Agents Nearby Clovis, CA

COMPANYAddress
State Farm201 E Taylor St Ste 2, San Jose, CA, 95112-5036
State Farm2315 Noriega Street, San Francisco, CA, 94122-4239
Kempkey Insurance Services1500 Third St, Ste B, Napa, CA, 94559
Liberty Mutual2580 North First Street Suite 290, San Jose, CA, 95131
Travelers24479 Mission Blvd, Hayward, CA, 94544
GEICO

2136 Ringwood Ave

95131,CA

Richmond Homeowners Insurance Bundle Savings

Bundling your policy means getting more than one policy from the same agent or the same company. If you buy x1 Car Insurance along with your homeowners’ insurance in Richmond, you can save $76.

Bundling Discount With Richmond Homeowners Insurance

Areax1 Car Insurance Bundle Discountx2 Car Insurance  Bundle DiscountX3 Car Insurance Bundle Discount
North Richmond CDP, CA$76$100$150
San Pablo City, CA$74$101$151
Rollingwood CDP, CA$74$101$151

How Does The Age of Your Home Affect Your Homeowners Insurance Premium?

Homeowners insurance premium is $745 for a newly constructed home in Richmond. But if your home is 30 year old, then the insurance cost will increase to $1010 per year.

Homeowners Insurance Premium In Richmond By Age of Home

Age of HomeAverage Insurance Premium
New Home$745
30 Year Old$1010
40 Year Old $1019
Above 50 Year Old$1040

Homeowners Insurance Rates In Richmond For Different Scenarios

Your homeowners insurance rate is impacted by the coverage limit you choose for, the age of your house, deductible amount and company. This list factors in all these things and gives you a brief understanding of what a Richmond homeowners insurance will cost you in different scenarios. 

Richmond Homeowners Insurance Rates For Different Scenarios

Coverage LimitDeductible Age of HomeCompanyAverage Insurance Premium 
$150k$275NewEncompass$984
$150k$2753-6 YearsUniversal North America$459
$150k$55015-25 YearsBankers Standard$2142
$150k$55025-40 YearsCentury National$855
$200k$550NewCentury National$732
$200k$5501-4 YearsPacific Specialty$466
$200k$555015-25 YearsAmica Mutual$801
$200k$55015-25 YearsHorace Mann P & C$1255
$250k$1k10-15 YearsState Farm$829
$250k$1k22-38 YearsGrange$707
$250k$1k45-70 YearsForemost Insurance$1164
$250k$5507-14 YearsIntegon/National$1583
$300k$55015-25 YearsFirst American Ins$1287

Richmond Homeowners Insurance Savings For Senior Occupied Homes

Homeowners insurance savings for senior occupied homes in Richmond is $93. In North Richmond, it is $91. But in East Richmond Heights, the savings reach upto $96.

Homeowners Insurance savings for Senior Occupied homes in Richmond, CA

CityAverage Insurance Savings
Richmond$93
North Richmond$91
East Richmond Heights$96
San Pablo $89

Resource Links For California Homeowners Insurance

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Richmond, CA Homeowners Insurance FAQs

Homeowners insurance will keep you safe from unexpected accidents that can damage your home. This includes fire, weather damage, theft etc.

It is because the neighbourhood your home is in will impact the insurance premium you pay. 

Compare different Richmond homeowners insurance policies. Negotiate with your agent and make sure the company will help you in filing a claim in case of loss. 

Yes, it is. You need to call your agent or use the company’s website to cancel your policy. 

Travelers provides the cheapest and most affordable homeowners insurance at $499 per year. 

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