Cheap Homeowners Insurance Bakersfield

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cheap homeowners insurance bakersfieldThe cost of living in Bakersfield is 22% lower than the California average, but 6% higher than the national average. The cost of housing in Bakersfield is also 6% higher than the national average, but fortunately there are plenty of homes available. The local housing market in Bakersfield has avoided the volatility of many of the California cities, due to an overall lower cost of living than the larger cities around it. Homeowners in Bakersfield, CA have a median income of $75,999, and protecting their biggest investment is top priority. Understanding how much insurance you need now and in the future, will help you get the best cheap homeowners insurance Bakersfield has available.

The price of a home in Bakersfield is nearly three times less than in Los Angeles. This is strong encouragement for L.A. County’s workforce to live in the Bakersfield area and commute to the city. The median home price in Bakersfield increased 1.7% during 2016, to $213,200. 2017 prices are predicted to increase by 3.3% . From early 2015 to the same period in 2016, the number of homes for sale in the city rose by 10.6%. That put Bakersfield among the top 10 cities for housing growth, out of the 100 largest cities in the country.

Bakersfield’s crime rate has fluctuated in recent years, and residents are careful to lock car doors and set home alarms due to the number of robberies. Theft protection is important, however, fire, floods and extreme weather and earthquakes are also possible risks. Some of these will be included in your homeowners insurance, but some may not be. You may need to purchase a separate policy to cover your home from flooding or an earthquake. Also, it is a good idea to run a replacement cost estimation on your home every 2 years. This will keep your coverage adjusted to the correct amount and provide the best cheap homeowners insurance Bakersfield has to offer.