Home Buying in Yorba Linda>Question Details

Valor, Home Buyer in Yorba Linda, CA

Roughly how much is home owners insurance on a $600k home in california?

Asked by Valor, Yorba Linda, CA Mon Feb 11, 2008

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What I learned was that there are so many variables to home insurance, and that I don't need to be the expert to figure it all out. I am good at what I do, and want to spend my time with my family and spending time learning insurance. Then the fires came, and I got dropped. No one could help. Filling my truck at the gas station, I struck a conversation with a real estate broker. She said she got help through an insurance agency when she needed help with her business and convinced me to call 'em though I had already given up. To my surprise, she was right--they did help! The folks at Del Dios Insurance http://www.fast2insure.com helped me with my home insurance after the fires when no one could. But what got me was the sincerity and understanding my concern. They were such a good help, that I will always refer them as the real estate broker did. -- Vince in Carmel Valley
0 votes Thank Flag Link A few hours ago
How much around San Diego where it seems fire burns everything down every 3 years? I'm not sure why they don't use more Pacific water on fires since the costs must be in the billions by now.
0 votes Thank Flag Link Sun May 18, 2014
My past career was insurance before real estate.

The first thing people need to know is there is little correlation between the purchase price of your home and the cost of your insurance. Insurance cost is based on the cost to rebuild the structure, not the purchase price. Example, a 1,500 sq foot home in Corona Del Mar may cost more than $1,000,000 to purchase, but only $650 to insure, whereas a 3,800 sq foot home in Corona my cost less than $600,000 to purchase, but more than $1,200 to insure.

There are many factors that determine home owner insurance cost, including size of the home, age of the home, past claims history, retired and age 55+, central/local alarmed, fire sprinklers, auto/home insurance discount.
0 votes Thank Flag Link Fri Jul 27, 2012
There are a couple of factors that would affect the cost.
Replacement cost of the home which is determined by the type of building materials used to build the house, territory or zip code, your insurance history such as insurance score and claims history if any, and a few other factors depending on the company. Its always best to get a couple quotes and compare not just rates but also coverage. Some policies are broad form and some are special which are very different contracts. You really need to get some quotes from insurance agents and compare them. Its a bit of work but hopefully the company you get insured with is the one you keep for a while.
Web Reference: http://myinsurancenerd.com
0 votes Thank Flag Link Thu Jul 12, 2012
An insurance policy for a $600,000 house shouid cost between $800 and $1100 depending on not only your rebuild cost, but also the deductable that you choose to have. Earthquake and flood insurance will be more, and depends on the location of the house. Hope this helps.
0 votes Thank Flag Link Mon Feb 11, 2008
Valor, My home is valued in the $600's, and I pay about 900 per year. However, a lot depends on how close the home is to certain fault lines, the value of the land, what rebuilding costs are, etc. You can save if you have more than 1 policy with your company they discount both sometimes......
0 votes Thank Flag Link Mon Feb 11, 2008
Roughly $2,500.00 a year - no earthquake insurance included. Probably the insurance company will want the electrical to be on breakers and perhaps not in a landslide zone. I hope that helps. Liz
0 votes Thank Flag Link Mon Feb 11, 2008
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