Simi Valley, CA is located in Ventura County, and just 40 miles from downtown Los Angeles. The city sits in the neighborhood of Thousand Oaks, Moorpark, and Chatsworth. It is surrounded by the Santa Susana Mountains and the Simi Hills, which brings a ton of natural scenic attractions into the city. Simi Valley is a hidden gem in Southern California. It is the perfect spot for getaways or family trips. Simi Valley is a vibrant city, filled with cultural diversity, landmarks, and towering hills.
The city has hosted Republican presidential debates twice at the Ronald Reagan Library, where the former President was buried. Due to the high employment rate, the city has been rated as one of the best cities to work in. Simi Valley is a great place for setting up shops and businesses as it welcomes thousands of tourists each year, who just fall in love with the atmosphere, food, and adventures experiences of the city.
As of 2021, the city has a total population of 125,842 and 41,986 housing units, with a homeownership rate of 72.1%. The median home value in Simi Valley is $515,299. The high cost of property in the city makes it inevitable to get Simi Valley homeowners insurance policy.
A standard homeowners insurance policy not only offers peace of mind, but also protects your most significant investment – your home, 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 Simi Valley, try our Home Insurance Quote Comparison Tool and get free homeowners insurance quotes from top-rated insurance companies.
Your Simi Valley homeowners insurance cost depends on various factors, including the value, location, and type of construction of your property. When you are looking for homeowners insurance, you need to compare rates from the best-rated companies in your area to ensure you get the best rates.
In Simi Valley, the average homeowner insurance rate is $1,539, which is higher than the national and state average.
|Simi Valley Average Home Insurance Cost (annual)||California Average||United States Average|
Insurance companies follow different methods to calculate your homeowners insurance rates in Simi Valley. During your research, you will notice that rates vary significantly between companies.
If you want the cheapest homeowners insurance in Simi Valley, look no further than Tokio Marine America. They sell their homeowners insurance at an annual premium of $279. Have a look at the following table below and see the homeowners insurance rates offered by different insurance providers.
|Company||Average Annual Premium Rate|
|Tokio Marine America||$279|
|Liberty Ins Corp||$1,189|
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 Simi Valley:
Homeowners Insurance Rates in Simi Valley by Coverage Limits
|Coverage Amount||Annual Home Insurance Cost|
|$750,000 to $1000,000||$1,918|
Homeowners insurance companies in Simi Valley 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 Simi Valley based on different ZIP codes.
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
|N Avenida Vista Del Monte||93063||$909|
|W Twisted Oak Dr||93065||$1,622|
When you purchase homeowners insurance, your insurance agent would ask you to decide on a deductible amount. A deductible is a dollar amount that a homeowner is responsible for paying when filing an insurance claim. A high deductible can help you to reduce the cost of your homeowners insurance premium.
The following table shows how Simi Valley homeowners insurance rates fluctuate based on different deductible amounts.
|Deductible Level||Average Annual Homeowners Insurance Rate|
A standard homeowners insurance policy in Simi Valley provides coverage for:
When you are looking for a homeowners insurance policy, price is not the only thing you need to check. Before you sign the homeowners insurance agreement, you must check the company’s financial status, claim process, and customer service.
To make your research easier, we have listed the best Simi Valley homeowners companies based on J.D. Power Rankings, AM Best Ratings, and BBB Ratings.
Best Cheap Homeowners Insurance Company in Simi Valley
|Company||J.D. Power Ranking||A.M. Best Rating||BBB rating|
|Liberty Mutuals||3 out of 5 stars||A||A-|
|Erie||5 out of 5 stars||A+ (Superior)||A+|
|Allstate||3 out of 5 stars||A++ (Superior)||A+|
|Farmers||3 out of 5 stars||A+ (Superior)||A+|
|Travelers||5 out of 5 star||A++ (Superior)||A+|
|Homeowners Insurance Agency Near Simi Valley, CA||Address|
|Rancho Simi Insurance Agency||1611 E Los Angeles Ave, Simi Valley, CA 93065|
2355 Tapo St #1, Simi Valley, CA 93063
Robert A. Ives: Allstate Insurance
4505 Industrial St Ste 2l, Simi Valley, CA 93063
Boggs & Whitener Insurance Agency
4210 E Los Angeles Ave E, Simi Valley, CA 93063
TWFG Insurance Simi Valley
2345 Erringer Rd #205, Simi Valley, CA 93065
1791 Erringer Rd UNIT 203, Simi Valley, CA 93065
Paula Miller – State Farm Insurance Agent
1165 Roadrunner Way, Simi Valley, CA 93065
Unforeseen disasters can never be avoided. Regardless of your extreme efforts to safeguard your property, it can be damaged by different means, including floods, wildfires, thefts, and vandalism. Here are the top causes of homeowners insurance claims in Simi Valley:
Everyone wants to save money on their homeowners insurance. With small steps, you can make a huge difference in your Simi Valley homeowners insurance premiums. You can try installing home security systems and get additional safety features to get discounts from your insurance company. The best way to save money on your homeowners insurance in Simi Valley is by bundling your home and auto insurance.
Refer to the following table to see how bundling your home and auto insurance affects your insurance premiums.
|Company||Avg. Annual Auto Insurance Rate (With Bundle)|
Standard homeowners insurance doesn’t cover the damages caused to the roof due to wear and tear. If your roof gets damaged suddenly due to any covered storm, your insurance policy will pay to replace it.
If you have a bad credit history, your insurance company may deny your homeowners insurance. If you successfully get a homeowners insurance policy, your rates will be high due to your low credit score.
Personal property coverage protects your personal items from damages caused by any covered peril. Your personal items could be furniture, electronics, clothing, art pieces, etc. If you ever lose your personal items to theft or fire, your personal property coverage will pay to repair or replace those items.
Generally, homeowners insurance does not cover any animals, birds, fish, vehicles, and business property for any damages caused by flood, fire, earthquakes, and explosions.
Your homeowners insurance policy will be automatically canceled if you missed a payment. The canceled insurance will stay on your record for several years, which can affect your future interactions with any insurance agents.