Cheap Homeowners Insurance San Diego

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cheap homeowners insurance san diegoSan Diego is nicknamed “America’s Finest City” for many good reasons. Perfect weather, beautiful beaches, and upscale city living are some of it’s best assets. Living in San Diego can be very expensive however, and the average home price for all properties is $490,000. Residents should make sure they are protected by understanding their homeowners insurance. If you know how much insurance you need, you can get the best cheap homeowners insurance San Diego has available. Being informed about homeowners insurance is the best way to know how to save, and protect your home.

Homeowners Insurance In San Diego

San Diego County’s housing market hasn’t fully recovered from the recession, but it is getting close. There are roughly 1,545 new houses opening in San Diego County this year, about the same as last year. The total value of homes in San Diego County reached $596 billion in 2016, up 6 percent from the year before.

There are many factors that go into calculating homeowner’s insurance premiums; however, there are 3 factors that clearly contribute to why home insurance rates are below the State average in San Diego.

  • Since 1990, property crimes in San Diego have decreased 110.38%. While 2015 was the first increase in property crime over past 15 years, San Diego still boasts a crime rate of 34.72% less than the national average.
  • Unlike driving a car, you can legally own a home in California without homeowners insurance. However, if you have a mortgage or finance your home, your lender most likely will require you to carry some form of home insurance coverage to protect your home in case of damage cause by unforeseen circumstances, such as fires or natural disasters.

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 Diego has to offer.