Cheap Homeowners Insurance Redding

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cheap homeowners insurance reddingRedding is is the fourth-largest city in the Sacramento Valley, and the county seat of Shasta County, California. The economy in Redding was historically in timber, but now has a diversified service economy. The unemployment rate in Redding is 11% higher than the national average, but there are still quite a few jobs spread across a wide range of professional services, including health care services, retail, and tourism. The cost of living in Redding is 8% lower than the California average, but 25% higher than the national average. Housing is somewhat reasonable, with the the median home price at $221,800, which is still 26% higher than the national average. If you own a home here it is very important to understand how much insurance you need according to the special features of the area. This will help you get the best cheap homeowners insurance Redding has available.

cheap homeowners insurance redding 2Crime rates in a city are very important factors in determining the cost of homeowners insurance. The overall crime rate in Redding is 82% higher than the national average, and  property crime is 73% higher than the state average, as well as 82% higher than the national average. Fortunately Redding has a very strong police force, including a K-9 Unit, SWAT team, a Crime Scene Unit, and a crew of Community Service Officers. Another important factor in homeowner insurance rates are the geographical features of the area.

Redding has a high earthquake risk, with a total of 355 earthquakes since 1931. The largest earthquake within 30 miles of the city was a 5.4 Magnitude in 1998. Within the next 50 years there is a 31.91% chance of a major earthquake within 50km of Redding. The Shasta Dam on the Sacramento River provides some flood protection for Redding. However, if the flow rate exceeds the threshold, as it did in both 1970 and 1974, then serious flood damage can occur. Basic homeowners insurance usually covers theft and fire, but not flood and earthquake damage. If you own a home in Redding, it is important to add coverage for these possible surprises from mother nature.

About Homeowners Insurance in Redding

Since each homeowner is an individual, not every person will want the same coverage. However, there are certain aspects to homeowners insurance that are necessary. Most policies generally cover
the following:

  • cheap homeowners insurance redding 3Damage to your home, such as permanent structures being destroyed by fire.
  • Damage to personal property, including items in your home being damaged that are not permanent structures.
  • Liability Coverage, which can be useful in legal matters or if there is an accident at your residents.
  • Limited Coverage for theft, which covers things such as stolen jewelry or other expensive property.

California has many cheap homeowners insurance carriers to choose from and premium rates are largely based on who is providing the coverage. This means it pays to take the time to shop around for the best coverage on cheap homeowners insurance Redding has to offer.