Salinas, CA Homeowners Insurance

Famously known as the “Salad Bowl of the World”, Salinas is located in Monterey County, just ten miles away from the Salinas River and eight miles from the Pacific Ocean. The closeness to the ocean affects the climate of the city and makes it perfect for growing flowers, grapes, and many other vegetables.

The birth city of John Steinbeck, Salinas is home to many tourist attractions, including the Monterey Peninsula, the historic missions of San Juan Bautista, and San Antonio de Padua. Salinas is ranked as the 34th largest community in California. Salinas is one of the most populated cities of Monterey County, and there are 156,811 people living in the city. Regardless of the high living cost, the city has over 40,000 housing units, and the homeownership rate is 44.8%.

If you are a homeowner, you know that a home is more than just walls and bricks; It’s a place where you live, cherish your life, and enjoy time with your family. Buying a home is, without a doubt, the biggest investment of anyone’s life. Being a homeowner, you need to find the best possible way to protect your most expensive asset. A Salinas homeowners insurance policy will cover your home and protect you from serious financial setbacks. 

Looking for an affordable homeowners insurance policy doesn’t have to be an overwhelming process. Take advantage of the Insurance Online quote comparison tool and let us find you free quotes from the best insurance companies. 

Average Homeowners Insurance Cost in Salinas

Homeowners insurance companies strive to satisfy customers by providing a quick and best homeowners insurance policy. Whether you are looking for a new insurance premium or planning to change your provider, it’s a must to know the average Salinas homeowners insurance rates. 

In Salinas, the average rate of homeowners insurance premium is $923, with a median home value of $350,000. 

Salinas Homeowners Insurance Rates Compared to State and National Average Rates

Salinas Average (annual)California AverageUnited States Average
$923$1,173 $1,444

Salinas Homeowners Insurance Premiums by Company

In Salinas, homeowners insurance companies are constantly working to understand your insurance needs. They provide their best policies to protect your home with coverage that perfectly fits your life. 

Insurance premiums in Salinas range from $520 to $705, depending on different insurance companies. We have researched and gathered insurance rates from various insurance providers. Have a look at the table below to see the comparison of insurance rates based on companies. 

Comparison of Salinas Homeowners Insurance Premiums by Companies

CompanyAverage Annual Premium Rate
Travelers$499
General Insurance$820
American Modern$825
AAA$829
Chubb$1400
Farmers$1739
Allstate$2520

Average Homeowners Insurance Cost in Salinas by Coverage Amount 

While looking for a homeowners insurance policy, you need to know what type of insurance coverage you want. After estimating the replacement cost of your home, the dwelling coverage amount is calculated. It should be enough to rebuild your home after it gets damaged due to any covered peril. 

The dwelling coverage affects the cost of your insurance premium. For instance, in Salinas, if your dwelling coverage amount is $100,000, you will pay $206 for your insurance premium. In the following table, you can see how dwelling coverage amount affects the annual homeowners’ insurance rates. 

Homeowners Insurance Rates in Salinas by Coverage Limits

Coverage AmountHome Insurance Cost ($)
$100,000 dwelling$206
$200,000 dwelling$725
$300,000 dwelling$1040
$400,000 dwelling$1258
$500,000 dwelling$1610
$750,000 to $1000,000 dwelling$1862
Above $1000,000 dwelling$2202

Salinas Homeowners Insurance Rates by ZIP Code

Insurance companies calculate the insurance premium after considering various factors, such as your home location, the crime rate in a certain neighborhood, your home’s age, etc. These variables lead to differences between insurance rates from one neighborhood to another. 

In Salinas, people living on Faulkner Street or in ZIP code 93906 have the lowest homeowners insurance premium, valued at $603. Take a peek at the table below to find insurance premium rates based on ZIP codes in Salinas. 

Cost of Homeowners Insurance in Salinas by ZIP Codes

NeighborhoodZIP CodeAverage annual homeowners insurance rate
Faulkner Street93906$603
Garner Ave93905$1128
Riker Street93901$1176
Blackie Road95012$1488
National Ave93962$1500
Tustin Rd93907$1512
Reservation Rd93908$2688

Homeowners Insurance Deductibles in Salinas 

The deductible is the amount that you need to pay to the insurance provider before filing a claim. Either you can select the deductible amount, or your insurance provider will decide it based on your insurance type.

Deductible amounts are an important part of your homeowners’ insurance policy. It helps you to keep your insurance premium low. We have calculated Salinas homeowners insurance rates based on high deductibles. Refer to the table below and compare the rates. 

Homeowners Insurance Cost in Salinas based on Deductible

Deductible LevelAverage Annual Homeowners Insurance Rate
$500$911.91
$1,000$824.97
$1,500$776.40
$2,000$704.25
$5,000$662.45

Homeowners Insurance Coverages Available in Salinas 

Homeowners insurance companies offer different types of coverages, which are listed below:

  • Dwelling coverage: It protects the physical structure of your home. 
  • Other structures coverage: This coverage protects structures that are not attached to your home, like a garage or tool shed.
  • Personal property coverage: This coverage protects your personal items inside your home.
  • Loss of use coverage: This type of coverage pays for any additional living expenses you may incur if your home is damaged and you had to stay out of your home. 
  • Personal liability coverage: If you or any resident of your home caused damage to someone else’s property or a guest gets injured at your home, the personal liability coverage would protect you. 
  • Medical payments coverage: If a guest gets injured at your house, this coverage will pay their medical bills.

Best Home Insurance Companies in Salinas 

Buying a homeowners insurance policy is the best way to protect your home. Even if you think you won’t face any wildfire, storm, earthquake, and burglary, it’s a good idea to purchase homeowners insurance. A standard homeowners insurance policy will cover the cost of repair or rebuild your home in case it gets damaged due to any covered peril. 

To help you find the best insurance company, we have listed the best homeowners insurance companies in Salinas.

Top-rated Homeowners Insurance Company in Salinas

CompanyJ.D. Power RankingA.M. Best RatingBBB rating
Nationwide 3 out of 5 starsA+ (Superior)A+
Travelers 5 out of 5 starA++ (Superior)A+
Liberty Mutuals 3 out of 5 starsA (Excellent)A-
State Farm 4 out of 5 starsA++ (Superior)A
Allstate 3 out of 5 starsA+ (Superior)A+

Top Homeowners Insurance Agents in Salinas

Home Insurance Company Near Salinas, CAAddress
State Farm630 Water St, Santa Cruz, CA, 95060-4115
Allstate17705 Hale Ave Bldg 1-5, Morgan Hill, CA, 95037
Allstate591 Hartnell St, Monterey, CA, 93940
Travelers1731 TECHNOLOGY DR STE 250, SAN JOSE, CA, 95110
State Farm4300 Stevens Crk Blvd Ste 130, San Jose, CA, 95129-1263

Common Causes of Home Insurance Losses in Salinas 

Salinas is located on the Salinas River coast, and the Pacific Ocean is only a few miles away. Being close to the coast makes the city prone to weather-related incidents, such as hurricanes, windstorms, and floods. 

Due to extreme weather, the insurance providers suffer losses. Here are the top reasons for insurance loss in Salinas:

  • Wind damage – 25%
  • Appliance or equipment failure – 19%
  • Hail – 15%
  • Rain, snow, ice damage – 11%
  • Theft and burglary – 6%

Money-saving Tip for Homeowners Insurance in Salinas 

Homeowners’ insurance rates in Salinas can be very high depending on your locations. However, there are many ways available to help you reduce your insurance premium. 

One of the best ways to cut down your insurance cost is bundling. Bundling your home and auto insurance will offer you discounts, which can drastically change your insurance premium. Take a look at the table below and see how bundling affects your insurance cost. 

Auto & Homeowners Insurance Bundling Discounts 

Bundling TypeDiscount ($)Premium After Discount ($)
Home + One Car79805
Home + Two Car150733
Home + Three Car203678

Resource Links For California Homeowners Insurance 

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Salinas, CA Homeowners Insurance FAQs

A standard homeowners insurance policy covers the damages caused by wildfires, but the coverage may fluctuate from one location to another. If wildfires are a common event in your area, not all insurance providers will sell a wildfires insurance policy. To provide a fair opportunity to homeowners, the Californian government enacted a law that prohibits insurance companies from denying wildfire coverage. 

Here is a list of common factors that insurance companies use to calculate your Salinas homeowners’ insurance rate:

  • Location of your home 
  • Construction type of your home
  • Age of your house
  • Cost to replace your home
  • Additional cost for installing a swimming pool
  • Increased premium is you are running a business from home
  • Type of coverage and deductible amount

A standard homeowners insurance policy does not offer protection against flood damages. It generally covers accidental water damage. If you are living in the coastal region, it would be a good idea to get additional coverage to protect your home from damages caused by floods. 

Your standard homeowners’ insurance does not cover the damages caused by landslides and mudslides. Any event that falls under the category of “movements of the Earth” is not covered under a homeowners insurance policy. Finding a difference in conditions policy to protect your home against landslides and mudslides can be difficult because of the high frequency of these events. 

To save money on Salinas homeowners insurance, you can follow these tips:

  • Shop around and use the Insurance Online tool to get free quotes from different insurance providers.
  • Increase the deductible amount.
  • Install safety features, such as home security systems, sprinklers, etc. 
  • Bundle your home and auto insurance policy
  • Make home improvements, like replacing the roof, change the heating system, upgrading the appliances, and installing new electrical systems. 

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