Santa Clara is located in the heart of Silicon Valley. It’s just 45 miles away from San Francisco. The city was formed in 1777 as a part of Saint Clare De Asis, and got its name from the mission as well. The mission is now a historic landmark, located on the campus of Santa Clara University. The campus has picturesque buildings that represent the mission, along with a wide array of flowering plants all around it.
The city is home to leading businesses headquarters, championship golf courses, and National Football League’s San Francisco 49ers. You can often see the 49ers playing at Levi’s Stadium. It has many other attractions and exciting adventures, such as award-winning wineries, world-renowned universities, and world-class shopping. Santa Clara has a history of fine dining and shopping at Santana Row. California’s Great America theme park is a family theme park and entertainment destination, and it has exciting rides and live performances. Once you grow an aptitude after doing all the outdoor activities, you can enjoy Bay area’s best and freshest seafood.
As of 2021, the city has a total population of 127,721 and 39,630 housing units, with a homeownership rate of 55.6%. The median home value in Santa Clara is $831,600. The cost of living in the city is higher than the U.S. average. Whether you are currently living in the city or are planning to purchase a house, it is always a good idea to purchase an Santa Clara homeowners insurance policy.
A standard homeowners insurance policy protects you from any unforeseen financial setbacks. Although it is not legally required to purchase homeowners insurance, it’s wise to get one anyway. If you are looking to buy homeowners insurance in Santa Clara, try our Home Insurance Quote Comparison Tool and get free homeowners insurance quotes from top-rated insurance companies.
Though the cost of property is high in Santa Clara, the homeowners insurance premium is also high. When you start to look for homeowners insurance, your first step should be to compare rates from the best-rated companies in your area to ensure you get the best rates.
Santa Clara’s average homeowner insurance rate is $1,675, which is higher than the national average.
|Santa Clara Average (annual)||California Average||United States Average|
During your search for finding the right homeowners insurance, you will notice that different homeowners insurance companies offer different prices for the same type of coverage. The reason behind the fluctuation is that the insurance companies have their own system to calculate the homeowners insurance premiums. You need to find the right insurance company for your needs.
In Santa Clara, Horace Mann P & C offers the most affordable home insurance, valued at just $320 per year. Take a look at the table below and see rates offered by different insurance providers in Santa Clara.
|Company||Average Annual Premium Rate|
|Horace Mann P & C||$320|
|Privilege Underwriters Exch||$1,249|
When you buy a homeowners insurance policy, you will be asked to choose a dwelling coverage limit used to pay for the replacement or repair cost of your property in case of a disaster. Generally, if your dwelling coverage selected level is high, your homeowners insurance will cost more.
Here’s how different coverage levels affect your annual homeowners insurance cost in Santa Clara:
|Coverage Amount||Annual Home Insurance Cost|
|$750,000 to $1000,000||$1,368|
Homeowners insurance companies in Santa Clara use local variables to calculate potential risks and insurance costs. The location of your home is the primary factor that can make your insurance cost high or low. Even if you move from one street to another in the same city, your homeowners insurance premium will fluctuate.
Take a look at the table below, as we have listed the homeowners insurance rates in Santa Clara based on different ZIP codes.
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
|San Ysidro Way||95051||$718|
|El Camino Real||95053||$5,290|
When you purchase homeowners insurance, your insurance agent would ask you to decide on a deductible amount. Deductibles are an important part of your homeowners insurance policy. It is an amount that homeowners agree to pay to the insurance company before filing an insurance claim. The deductible amount selected by you will have a direct effect on 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 policy in Santa Clara provides the following coverages:
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 company’s financial stability to ensure they can pay money if a claim is filed. You should also check their customer service rating, customer complaints, and management stability. To make your research easier, we have listed the best Santa Clara homeowners companies based on J.D. Power Rankings, AM Best Ratings, and BBB Ratings.
|Company||J.D. Power Ranking||A.M. Best Rating||BBB Rating|
|Allstate||3 out of 5 stars||A+ (Superior)||A+|
|Erie||5 out of 5 stars||A+ (Superior)||A+|
|Liberty Mutuals||3 out of 5 stars||A||A-|
|GEICO||5 out of 5 stars||A++ (Superior)||A+|
|Farmers||3 out of 5 stars||A+ (Superior)||A+|
|Homeowners Insurance Agency Near Santa Clara||Address|
2065 El Camino Real, Santa Clara, CA 95050
State Farm Insurance Agent
980 El Camino Real #350, Santa Clara, CA 95050
3375 Scott Blvd Ste 208, Santa Clara, CA 95054
3390 De La Cruz Blvd Ste F, Santa Clara, CA 95054
Be Well Insurance Solutions
1092 Scott Blvd, Santa Clara, CA 95050
Global Pro Insurance Services
|2904 El Camino Real UNIT 208, Santa Clara, CA 95051|
If you live in Santa Clara, having homeowners insurance policy is necessary to protect yourself from a financial setback. In Santa Clara, the average cost of homeowners insurance is higher than in most California cities. The number of homeowners insurance claims filed each year has declined, but there are still some perils that cause homeowners insurance losses, such as:
In Santa Clara, the residents are always looking for ways to save money on their homeowners insurance. Here are some money-saving tips for homeowners looking for affordable insurance policies:
|Company||Avg. Annual Auto Insurance Rate (With Bundle)|
That depends on where the property is. For example, if your home is close to a waterbody, you may need flood coverage. Some mortgage lenders may also force you to purchase flood coverage. You can buy the policy from a private company or the National Flood Insurance Program (NFIP).
A standard homeowners insurance policy covers the loss and damages caused to your home and personal belongings from theft and vandalism. You can install home security systems and other safety measures to reduce the chances of theft.
When you install a pool, the risk of someone getting injured increases, so you must inform your insurance agent to get pool coverage whenever you get a new pool installed. A standard policy does not provide coverage for any incidents that may occur due to the pool. The insurance company would want you to take additional safety measures to reduce the risk of injuries.
When you are looking for homeowners insurance, you would want to check quotes from different providers quickly. Here’s the list of information you need to provide to the insurance company before they can offer you a quote: