Cheap Homeowners Insurance San Mateo

Start My Quote
cheap homeowners insurance san mateoSan Mateo is in the San Francisco Bay Area, and part of the high-tech enclave of Silicon Valley. Unemployment in San Mateo is low, so everyone wants to live here. The cost of living in San Mateo is 38% higher than the California average and 88% higher than the national average. The cost of housing in San Mateo is 249% higher than the national average, with a median home price of $736,600. San Mateo is one of the larger suburbs on the San Francisco Peninsula, and 54.2% of the population are homeowners.  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 San Mateo has available.

Property crime in San Mateo is 25% lower than the California average and 21% lower than the national average. The overall crime rate is 23% lower than the national average, and San Mateo is
safer than 46% of the cities in the United States. This is good news for homeowners, as insurance cheap homeowners insurance san mateo 2rates are affected by crime rates and geographic characteristics of a city.

San Mateo has a very high earthquake risk, with a total of 2,911 earthquakes since 1931. The largest earthquake within 30 miles of San Mateo, CA was a 4.8 Magnitude in 1977. The USGS database shows a 99.06% chance of a major earthquake within 50km of San Mateo within the next 50 years. The best-known natural area in San Mateo is Coyote Point Park, a rock outcropped peninsula that juts out into the San Francisco Bay. The marsh areas are likely habitats for the endangered Salt Marsh Harvest Mouse, as well as for the endangered marsh plant, Point Reyes bird’s beak. This type of natural habitat can limit the areas for building, thus making housing more difficult to come by. Most homeowners insurance will cover theft and fire, but not flood, tornado or earthquake damage.

About Homeowners Insurance in San Mateo

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 san mateo 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 San Mateo has to offer.