What are Homeowners Insurance Rates?

vHomeInsurance.com, a home insurance analysis service, has collected data from government filings & consumers & published rates for homeowner insurance in Carlsbad.

Here are some key salient facts for Homeowners in Carlsbad:

• For a typical home in Carlsbad that is priced between $600-650,000, the homeowner insurance is between $560 to $760
• For lower priced homes in the $300,000 range, the home insurance rate is between $300 to $500
• There is a wide variation between home insurance providers. For example, based on government survey statistics, for a new home that is covered for $250,000, Travellers asks for a $400 premium whereas Allstate asks for $739
• In, addition to these rates, there could be further discounts, if you are bundling your auto insurance & other factors.
• Homeowners pay about 2% of housing costs in insurance while the typical housing cost for those owners with a mortgage is about $3000/month

In addition, to the home insurance statistics, there were other additional details on Carlsbad housing. There are about 45,000 housing units with 2/3rds of them being owner occupied and the rest being renter occupied.

Homes that are have more bedrooms are also more expensive and costlier to insure. The breakdown of the housing units by number of bedrooms is given below:

• Total housing units:45,290
• No bedroom: 656
• 1 bedroom: 4,509
• 2 bedrooms: 11,971
• 3 bedrooms: 14,588
• 4 bedrooms:10,195
• 5 or more bedrooms:3,371

Homes that are more than 20 years old could see their rates increase by 50 to 100%. The breakdown of the housing units by the year that the house was built is also below:

• Built 2010 or later: 220
• Built 2000 to 2009: 9,571
• Built 1990 to 1999:8,410
• Built 1980 to 1989:12,040
• Built 1970 to 1979: 10,537
• Built 1960 to 1969: 2,235
• Built 1950 to 1959:1,466
• Built 1940 to 1949:20
• Built 1939 or earlier: 391