San Mateo, CA Homeowners Insurance

San Mateo is a beautiful city located 20 miles south of San Francisco. It is famous for its rich history and serene climate. The population in the city is around 106,000. As a homeowner, getting San Mateo homeowners insurance is a must. It is the right investment that will protect your home and your personal belongings from disasters.

How To Find The Cheapest San Mateo, CA Home Insurance?

Homeowners in San Mateo will be glad to know that the cost of their homeowners’ insurance is relatively cheaper. The average price of San Mateo homeowners insurance is $927 per year. This is lower than California’s homeowners’ insurance average of $1868. This guide will assist you in finding the most suitable homeowners insurance for your home in San Mateo, CA.

PlaceAverage Homeowners Insurance Premium
San Mateo$927
California$1,173
USA$1,444

Average San Mateo Home Insurance Rates by Company

Tokio Marine America is the cheapest homeowners insurance provider in San Mateo, CA. It costs $372 per year on average. This policy includes a $400k coverage for a newly-constructed home. 

Homeowners Insurance Rates in San Mateo by Company

Insurance CompanyAverage Insurance Rate Per Year
Tokio Marine America$372
Stillwater Ins Company$455
Pacific Speciality$493
Mercury Ins Group$566
Stillwater Prop & Cas Company$574
CSAA Ins Exch$576
Universal North America$621
Travelers$658
CSE Safeguard$668

CSE Safeguard provides the most expensive homeowners insurance at $668 to $700 per year.

Average San Mateo Home Insurance Rates by Coverage Amount

The insurance premium for a $500,000 to $599,000 coverage from State Farm is $125 per month. From Liberty Mutual, a homeowners insurance policy with a coverage amount of $800k to $899k costs $166.

San Mateo Homeowners Insurance Cost by Coverage Amount

CoverageCompanyAverage Monthly Insurance Premium
$500k – $599kState Farm$125
$600k – $699kChubb Group Insurance$140
$800k – $899kLiberty Mutual$166

Average San Mateo Home Insurance Cost by Home Value

Most homes in San Mateo have a value of over $200k. The monthly homeowners’ insurance cost for home values ranging from $200k to $250k is $172 on average. 

Homeowners Insurance Cost In San Mateo By Home Value

Home ValueAverage Insurance Premium 
Less than $50k$18
$50k – $60k$45
$60k – $70k$51
$70k – $80k$57
$80k – $90k $66
$90k – $100k$76
$100k – $125k$89
$125k – $150k$110
$150k – $175k$131
$175k – $200k$150
$200k – $250k$172
$250k – $300k$224
$300k – $400k$290

Average San Mateo Home Insurance Rates by Neighborhood

Some areas of San Mateo have a higher local crime rate than others. Some areas have more homes than others. All these factors affect your homeowners’ insurance premiums in different neighborhoods. 

In Guildford Ave, Queens Ave, and Hillbrook Dr, the homeowners’ insurance premium is the most affordable. It costs $625. Coming to areas like Lower Lupin Way, Eaton Rd, and Sonora Dr, the insurance premium becomes very expensive and costs $720 on average.

San Mateo Homeowners Insurance Rates by Neighbourhood

Street Name Nearby San Mateo, CAAverage Insurance Cost
Guildford Ave, Hillbrook Dr, la Loma Dr, Queens Ave, Sequoia Ct, Cathy Pl$625
Silver Hill Rd, Newbridge Ave, Woodland Way, Ada St, Marshall Ave, Cinnabar Rd$669
Hampshire Ave, Sycamore Ct, Noel Rd, Brighton Ln, Estrella Way$672
Montelena Ct, Chess Dr, Cheyenne Pt, Constitution Dr, Monticello Ct, Laurel Way$675
Lassen Dr, Park Ln, E 5th Ave, Crestwood Ct, 30th Ave, Clinton St, Compass Ln$687
Alden St, Center St, Sloop Ct, Alhambra Dr, Concar Dr, Light Way, Encina Ave$691
Schembri Ln, Lower Lupin Way, Eaton Rd, Sonora Dr, Monte Cresta Dr, 36th Ave, Bain Pl$720

San Mateo Home Insurance Rates by Deductibles

The deductible amount is that part of the loss which you will have to pay by yourself in case of an accident. In case your personal belongings are stolen, the insurance company will compensate for your loss from which your deductible amount needs to be paid by yourself.

San Mateo homeowners insurance with a $500 deductible amount costs $1,330. On the other hand, a homeowners insurance policy with a $1,500 deductible amount will cost you $1,129 per year on average.

Homeowners Insurance Rates in San Mateo by Deductible

Deductible AmountAverage Insurance Premium (Yearly)
$500$1,330
$1,00$1,200
$1,500$1,129
$2,000$1,025
$2,500$962

San Mateo Homeowners Insurance Coverage Options

CoverageDescription
Dwelling CoverageThis covers the replacement and repair expenses of your home.
Personal Property CoverageAlong with the replacement of home, it includes coverage of your personal belongings such as sofa set, mobile, and other stuff.
Liability CoverageThis will protect you from lawsuits and help you in covering the costs related to them.
Other Structures CoverageThis covers structures attached to your home such as your garage or garden shed.

California Best Home Insurance Companies

Statefarm and Allstate have been highly rated by the Better Business Bureau and AM Best Ratings. The ratings are A, A+, and A++ for these two insurance companies. Below is some more information about companies and their ratings.

Top Rated Homeowners Insurance Companies In California

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

Top Home Insurance Agents Near San Mateo 

Agents’ contacts are provided below for a one-to-one discussion about your homeowners’ insurance policy. These companies are rated positively by A.M Best Financial Strength Ratings.

Best San Mateo Homeowners Insurance Agents – Contacts

COMPANYAddressContact
Farmers1564 Miramonte Ave 94024-6003, CA650-948-8164
Allstate500 E Calaveras Blvd Ste 311 95035, CA(408) 941-9838
Farmers

1235 4Th Street 94901, CA

(415) 578-5219
State Farm374 Jackson Street, Hayward, CA, 94544-1544N/A
Nationwide21040 Homestead Rd Ste 204 95014, CA(408) 773-0990
GEICO425 Harbor Blvd Ste E 94002, CA(650) 638-1797

What Are The San Mateo Home Insurance Savings For Senior Occupied Homes?

Average insurance savings of $107 is possible for senior occupied homes in San Mateo. This number varies from one city to another in California. The least insurance savings for senior occupied homes are provided in North Fair Oaks at $100.

Homeowners Insurance savings for Senior Occupied homes in San Mateo, CA

CityAverage Insurance Savings
San Mateo$107
San Carlos$106
Redwood City$104
North Fair Oaks$100

Average San Mateo Home Insurance Cost by Age of Home

The insurance premium increases with an increase in the age of your home. Homeowners’ insurance for a home that is more than 50 years old will be the most expensive in San Mateo. It would cost $1,412 per year. Home insurance for a newly constructed home costs $950 per year.

San Mateo Homeowners Insurance Rates by Age of Home

Age of HomeAverage Insurance Rate Per Year
Newly Constructed$950
30 Year Old $1,362
40 Year Old$1,385
50 Year Old$1,399
> 50 Year Old $1,412

San Mateo Homeowners Insurance Saving by Bundling

If you bundle your San Mateo homeowners insurance with another policy (such as a car or life insurance), you can save roughly anywhere from $100 to $220.

Discounts Available With San Mateo Homeowners Insurance & Car Insurance Bundle

Bundle PolicyX1 Car InsuranceX2 Car InsuranceX3 Car Insurance
San Carlos City$107$142$217
Redwood City$106$139$209
North Fair Oaks$100$130$200

Cheapest San Mateo Homeowners Insurance by Deductible Amount

State Farm is the cheapest choice at $125 per month. It allows a deductible of $2,000 to $5,500 and provides coverage of $500k to $599k in case of damage to your home. If you’re looking for higher coverage, then Liberty Mutual is a good choice with an insurance premium of $166 per month and coverage of $800 – $899k in losses.

San Mateo Homeowners Insurance Rates Comparison 

CompanyState FarmChubb Group InsuranceLiberty Mutual
Monthly Premium$125$140$166
Type of Home2 Beds and 1 Bathroom4 Beds and 1 Bathroom4 Beds and 2 Bathroom
Coverage Limit$500k – $599k$600k – $699k$800k – $899k
Deductible$2,000- $5,500$100 – $1,000 $500 –  $1500

San Mateo Homeowners Insurance Discount For Homes Near Public Safety Departments

In San Mateo, a discount of $15 is provided to homes near the police department and a discount of $38 for those near the fire department.

Homeowners insurance discount available to homes near public safety departments

Public Safety DepartmentAverage Insurance Savings
Police Department$15
Fire Department$38

Resource Links For California Homeowners Insurance

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San Mateo, CA Homeowners Insurance FAQs

A regular San Mateo homeowners policy will cover the damages caused to your home by various dangers like fire, weather, theft, or robbery.

No. A standard homeowners insurance policy will not cover the damage caused by flooding. For such situations, you need to have Flood Insurance from the NFIP to keep your home protected.

The average price of San Mateo homeowners insurance is $927 per year. This is lower than California’s homeowners’ insurance average of $1868. 

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