- How much is home insurance in Granite Bay, CA?
- Home insurance rates in Granite Bay by deductible
- Cheapest homeowners insurance companies in Granite Bay
- Homeowners insurance cost in Granite Bay by credit rating
- How can you save on homeowners insurance in Granite Bay?
- Methodology
- Compare homeowners insurance rates by city in California
How much is home insurance in Granite Bay, CA?
The average cost of homeowners insurance in Granite Bay varies depending on the coverage level you choose. Homeowners insurance costs $944 per year for dwelling coverage of $200,000 and $1,278 for $300,000 of dwelling coverage.
Below are the average annual and monthly Granite Bay home insurance rates for different amounts of dwelling coverage.
| Coverage level (Dwelling) | Average annual rate | Average monthly rate |
|---|---|---|
| $200,000 | $944 | $79 |
| $300,000 | $1,278 | $107 |
| $400,000 | $1,619 | $135 |
| $600,000 | $2,399 | $200 |
| $1,000,000 | $3,989 | $332 |
Note: For the above rates, the deductible amount is $1,000 and liability protection is $100,000.
Home insurance rates in Granite Bay by deductible
Home insurance rates in Granite Bay vary based on the deductible you choose. If you pick a higher deductible, your monthly insurance premium will be lower, while a lower deductible, means lower premiums because the insurance company will pay more if you file a claim, and the odds of you filing a smaller claim are higher.
The table below lists the home insurance rates by deductible in Granite Bay.
| Deductible | Company | Average annual premium | Average monthly premium |
|---|---|---|---|
| $1,000 | Allstate | $814 | $68 |
| $1,000 | Travelers | $857 | $71 |
| $1,000 | State Farm | $1,009 | $84 |
| $1,000 | Mercury Insurance | $1,043 | $87 |
| $1,000 | Nationwide | $1,286 | $107 |
| $1,000 | Nationwide | $1,313 | $109 |
| $1,000 | Auto Club Enterprises (AAA) | $1,349 | $112 |
| $1,000 | CSAA Insurance (AAA) | $1,425 | $119 |
| $1,000 | Farmers Insurance | $1,819 | $152 |
| $500 | Allstate | $842 | $70 |
| $500 | Travelers | $938 | $78 |
| $500 | Mercury Insurance | $1,169 | $97 |
| $500 | Nationwide | $1,391 | $116 |
| $500 | Auto Club Enterprises (AAA) | $1,544 | $129 |
| $500 | CSAA Insurance (AAA) | $1,675 | $140 |
| $500 | Farmers Insurance | $1,937 | $161 |
| $2,000 | Travelers | $709 | $59 |
| $2,000 | Allstate | $774 | $65 |
| $2,000 | Mercury Insurance | $827 | $69 |
| $2,000 | State Farm | $899 | $75 |
| $2,000 | Nationwide | $1,083 | $90 |
| $2,000 | Auto Club Enterprises (AAA) | $1,258 | $105 |
| $2,000 | CSAA Insurance (AAA) | $1,283 | $107 |
| $2,000 | Farmers Insurance | $1,613 | $134 |
| $2,500 | Travelers | $709 | $59 |
| $2,500 | Allstate | $758 | $63 |
| $2,500 | Mercury Insurance | $827 | $69 |
| $2,500 | State Farm | $855 | $71 |
| $2,500 | Nationwide | $1,050 | $88 |
| $2,500 | Auto Club Enterprises (AAA) | $1,224 | $102 |
| $2,500 | CSAA Insurance (AAA) | $1,247 | $104 |
| $2,500 | Farmers Insurance | $1,580 | $132 |
| $3,000 | Travelers | $698 | $58 |
| $3,000 | Allstate | $743 | $62 |
| $3,000 | Mercury Insurance | $795 | $66 |
| $3,000 | State Farm | $855 | $71 |
| $3,000 | Nationwide | $1,078 | $90 |
| $3,000 | CSAA Insurance (AAA) | $1,212 | $101 |
| $3,000 | Auto Club Enterprises (AAA) | $1,224 | $102 |
| $3,000 | Farmers Insurance | $1,562 | $130 |
| $4,000 | Travelers | $698 | $58 |
| $4,000 | Allstate | $699 | $58 |
| $4,000 | Mercury Insurance | $775 | $65 |
| $4,000 | State Farm | $829 | $69 |
| $4,000 | Nationwide | $850 | $71 |
| $4,000 | CSAA Insurance (AAA) | $1,158 | $97 |
| $4,000 | Auto Club Enterprises (AAA) | $1,189 | $99 |
| $4,000 | Farmers Insurance | $1,415 | $118 |
| $5,000 | Travelers | $667 | $56 |
| $5,000 | Mercury Insurance | $676 | $56 |
| $5,000 | Allstate | $699 | $58 |
| $5,000 | State Farm | $794 | $66 |
| $5,000 | Nationwide | $850 | $71 |
| $5,000 | CSAA Insurance (AAA) | $1,122 | $94 |
| $5,000 | Auto Club Enterprises (AAA) | $1,189 | $99 |
| $5,000 | Farmers Insurance | $1,362 | $114 |
| $1,000 | USAA | $1,246 | $104 |
| $500 | USAA | $1,325 | $110 |
| $2,000 | USAA | $1,135 | $95 |
| $2,500 | USAA | $1,135 | $95 |
| $3,000 | USAA | $1,049 | $87 |
| $4,000 | USAA | $975 | $81 |
| $5,000 | USAA | $975 | $81 |
Cheapest homeowners insurance companies in Granite Bay
According to our analysis, Allstate is the most affordable home insurance provider in Granite Bay, with an average yearly cost of $615.
Price is a big factor when choosing home insurance, and costs in Granite Bay can vary a lot between companies. While saving money is important, it’s also a good idea to consider each company's reputation before making a decision.
The table below lists the cheapest home insurance companies in Granite Bay.
| Company | Average annual cost |
|---|---|
| Allstate | $615 |
| Travelers | $625 |
| Mercury Insurance | $820 |
| Auto Club Enterprises (AAA) | $890 |
| CSAA Insurance (AAA) | $930 |
| Nationwide | $1,011 |
| State Farm | $1,033 |
| Farmers | $1,043 |
| USAA | $1,000 |
Homeowners insurance cost in Granite Bay by credit rating
The average home insurance cost for homeowners is $1,278 per year for dwelling coverage of $300,000, based on our data analysis. In California, credit scores do not directly affect homeowners insurance rates due to state regulations prohibiting the use of credit-based insurance scores for setting insurance premiums. It means that, unlike many other states, your credit history won't impact the cost of your homeowners insurance.
In states where credit scores influence homeowners insurance costs, individuals with lower credit scores often face higher premiums.
How can you save on homeowners insurance in Granite Bay?
If you’re looking to save on your homeowners insurance, the best way is comparing quotes from multiple insurers. Homeowners insurance companies offer a variety of different discounts to help you lower insurance costs. Here are a few common ones.
Home and auto bundle discount (multi-policy)
One of the easiest ways to get cheaper home insurance in Granite Bay is the multi-policy discount, also known as bundling. If you purchase your home and auto insurance from the same company, you can save an average of $171 a year.
“It’s not always the better option, but more times than not it is because if you bundle usually, you get a 10-20% discount on both policies,” says Josiah Hatch, owner and CEO at Bender Hatch Insurance in Boston.
Loyalty discount
Staying with the same insurance company can earn you a loyalty discount, which could save you around $89 annually on your home insurance in Granite Bay.
Security equipment discounts
Insurance companies offer discounts to homeowners for installing safety and security equipment, like a fire alarm or burglar alarm. If you install a fire alarm at your home, you can get a discount of $45 a year on average from your insurer.
New home discount
If you buy new construction, you can get a new home discount of $523 a year on average in Granite Bay.
Methodology
Insurance.com compared homeowners insurance rates provided by Quadrant Information Services in 2023 for around 29,000 cities in all states and Washington D.C for $200,000 and $300,000 in dwelling coverage with $100,000 in liability and a $1,000 deductible. The rates were analyzed for almost 34,000 ZIP codes for those with good credit ratings. Content has been updated in 2024.
Compare homeowners insurance rates by city in California
Helpful home insurance tools and calculators
