The Cheapest and Best Homeowners Insurance in Chula Vista
The Cheapest Home Insurance Companies in Chula Vista
If you are looking for home insurance in Chula Vista, the cost is an important factor to consider since most insurers offer similar core coverages.
For the average homeowner, the cheapest insurance companies in Chula Vista for home insurance with $250,000 in dwelling coverage are:
- Travelers: $1,249 per year
- USAA: $1,384 per year (only available to current and former military members and their families.
For expensive homes with $2,000,000 in dwelling coverage, the cheapest home insurance companies in Chula Vista are:
- ASI: $4,202 per year
- Travelers: $5,119 per year
You can see the table below to look up home insurance rates based on the dwelling coverage limit.
The Cheapest Home Insurance in Chula Vista, Ranked
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Policies with the initial baseline dwelling coverage of $500,000 have personal property limits of $200,000, while policies with a $2,000,000 dwelling coverage limit have personal property limits of $800,000. All policies have $100,000 in liability coverage.
If you would like to find out the home insurance rates for other parts of California, you can look up California home insurance rates for the state as a whole.
The Average Cost of Homeowners Insurance in Chula Vista for 2021
The average cost of home insurance in Chula Vista is $1,775 yearly. Compared to the average rate for California, which is $2,002 per year, Chula Vista homeowners pay slightly lower rates than the rest of the state. Chula vista homeowners also spend an average of $328 less than the national average of $2,103 per year.
Calculate the Cost of Home Insurance in Chula Vista
Location is not the only factor that impacts how much you pay for home insurance in Chula Vista. Other factors like the dwelling coverage limit, the value of personal property to be covered and credit score also influence home insurance costs in Chula Vista.
You can compare home insurance quotes for your state using MoneyGeek’s home insurance calculator.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Chula Vista
While affordability is an important consideration when choosing the best homeowners insurance in Chula Vista, there are also other factors to keep in mind. For example, to ensure that the insurer can deliver if you file a claim, it is essential to look at their customer satisfaction ratings and financial stability. This will help you evaluate whether the insurer will handle your claim fairly and efficiently.
MoneyGeek found that the best homeowners insurance companies in Chula Vista are:
- Best Overall: USAA (only available for current and former military members)
- Runner-up: Travelers
MoneyGeek used a comprehensive rating system to rank the best home insurance companies in Chula Vista. The scores used were based on JD Power customer satisfaction scores, affordability rankings and AM Best financial stability scores.
Unlike other insurers in the state, a USAA policy offers homeowners protection from earthquake damage with optional earthquake coverage. This policy also allows homeowners with tenants in their homes to purchase home-sharing coverage. Active service members are also covered for loss of uniforms if they have this policy.
Our top pick, USAA outscored all the other providers in Chula Vista regarding affordability and customer satisfaction. This means that USAA offers the best combination of cost and coverage for homeowners in Chula Vista. However, this policy is only available to current and former members of the military.Read MoneyGeek's USAA home Insurance Review
Apart from affordability, Travelers offers homeowners unique coverage benefits, including extra protection for eco-conscious homeowners who may want to repair their homes with more environmentally-friendly materials. This policy also has an optional identity theft coverage to protect homeowners from identity fraud.
For homeowners in Chula Vista not eligible for a USAA policy, our runner-up pick is the best option. Travelers had high affordability and financial stability scores compared to other home insurers in Chula Vista.Read MoneyGeek's Travelers home Insurance Review
Cheapest Home Insurance Companies in Chula Vista for Newly Constructed Homes
A more damage-resistant home and built with modern materials that are easy to replace poses a lower risk for the insurer. That is why in Chula Vista, newly constructed homes made with modern materials attract lower premiums than older homes. As a result, insuring a newly built home in Chula Vista costs an average of $1,373 yearly, a lower rate than the $1,775 per year for older homes built in 2000.
The cheapest insurance companies in Chula Vista for newly constructed homes with $250,000 in dwelling coverage are:
- Travelers: $805 per year
- USAA: $1,078 per year (only available for current and former military members)
The Cheapest Home Insurance in Chula Vista for New Homes, Ranked
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Cheapest Home Insurance Companies in Chula Vista if You Have a Lot of Personal Property
One of the core coverages included in home insurance is personal property coverage. This means that home insurance rates in Chula Vista will vary depending on the value of the personal property you want to be covered. Higher personal property limits usually mean higher premiums. For example, it costs an average of $2,044 yearly for a policy with personal property limits of $250,000 compared to $1,775 per year for personal property limits of $100,000.
In Chula Vista, the cheapest insurance companies for a home insurance policy with personal property coverage limits of $250,000 are:
- Travelers: $1,380 per year
- USAA: $1,449 per year (only available for current and former military members)
Cheap Companies in Chula Vista for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Chula Vista for High Deductibles
Home insurance costs in Chula Vista vary depending on the deductible. A policy with high deductibles typically attracts lower monthly premiums but has higher out-of-pocket costs. If you opt for a low deductible policy, you will pay higher annual premiums. For example, for a policy with $2000 in deductibles, you will pay an average of $1,545 per year, while a policy with lower deductibles of $1000 will cost you $1,775 yearly.
The cheapest insurance companies in Chula Vista for home insurance policies with $2,000 deductibles are:
- Travelers: $994 per year
- USAA: $1,086 per year (only available for current and former military members)
The Cheapest Companies in Chula Vista for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Chula Vista if You Have Poor Credit
California is one of the states where the state regulations prohibit insurers from using credit scores as a rating factor for home insurance premiums. This means that the cost of home insurance will not impact your credit score in Chula Vista.
Getting Online Homeowners Insurance Quotes in Chula Vista
If you are looking for home insurance quotes in Chula Vista, you can get quotes online from different insurers. However, since rates depend on various factors, you will need to provide the following information to the insurer to get a quote.
- Home replacement cost: Insurers need to know how much it would take to rebuild your home as it is. This cost is known as the replacement cost and is one of the most significant factors in home insurance rates. You can consult a building professional to get an estimate of the replacement cost for your home. It is important to note that the replacement cost does not refer to the market value of your home.
- Personal details: Apart from your name and address, the insurer also requires information such as the number of occupants in your home and your previous home insurance history.
- Personal property value: Your home insurance policy also covers the personal property in your home. This is why insurers need to know the value of the personal property to be covered when providing a home insurance quote. The more personal property you have to cover, the higher the premiums are likely to be.
- House specifications: You will also need to provide details about the size of your house and when it was built. It is also important to disclose whether you have installed any devices in the home to enhance safety, as this may entitle you to certain discounts.
Homeowners Insurance in Chula Vista Analysis: Methodology
For this study, MoneyGeek analyzed home insurance rates from 13 companies in Chula Vista. The data used was provided in partnership with Quadrant. Quotes were collected for a home with varying coverage levels to calculate affordability scores, while the customer satisfaction ratings were drawn from J.D. Power surveys.
Quotes were also collected for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores.
MoneyGeek used a base profile of the average homeowner with a 2,500 square-foot home built in 2000, with dwelling coverage of $500,000, personal property coverage of 200,000 and liability coverage of $100,000. All policies had $1,000 deductibles.
About Mark Fitzpatrick