Cheap Homeowners Insurance Irvine

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cheap homeowners insurance irvineThe cost of living in Irvine is 28% higher than the California average and 74% higher than the national average. The average household income in Irvine is around $59,148. The median home price in Irvine is $662,200, which is 277% higher than the national average. This makes it very important to take the time to check out all the options for cheap homeowners insurance Irvine has available.

The overall crime rate in Irvine is 49% lower than the California average and 46% lower than the national average. The violent crime rate is 87% lower than the California average and 85% lower than the national average. Property crime is 43% lower than the California average and 40% lower than the national average. There are numerous housing developments in Irvine, and these low crime statistics help keep homeowners insurance costs lower than it is in other California cities.
The terrain of Irvine is mostly a broad, flat valley between Loma Ridge in the north and San Joaquin Hills in the south. In the extreme northern and southern areas, however, are several hills, plateaus and canyons. Snow within the lower-lying parts of Irvine is rare, but the area received three inches of snow in January 1949. This makes floods and mudslides a risk for this area, and something that is not covered under normal homeowners insurance policies. A tornado touched down in Irvine in 1991, something that happens in Orange County approximately once every five years, and also not a standard item covered on most policies.  In addition, California is prone to earthquakes, and unfortunately most homeowners don’t get coverage for this natural disaster.

About Homeowners Insurance in Irvine

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:

  • Damage 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 Irvine has to offer.