Fremont, California, homeowners insurance rates can be as cheap as $26
By: Hemanth Ramesh October, 10, 2019
According to data analyzed by Gavop, homeowners in Fremont, California, pay an average homeowner's insurance rate of $2,630 per annum, which is higher than the national average of $1,228. The typical home value in Fremont is about $559,700.
There are about 876 homeowners in Fremont whose homes are valued less than $50,000. These homeowners pay an average homeowner's insurance rate of $26 per annum.
Homeowners with one-bedroom homes in Fremont report an average home value of around $123,000 and an estimated replacement value of $110,000. Gavop suggests that these homeowners opt for home insurance coverage that ranges between $125,000 and $150,000. Homeowners with two-bedroom homes in Fremont have a typical home value of $325,000 and a replacement value of $300,000. Gavop recommends home insurance coverage between $350,000 and $400,000 for them.
Fremont homeowners with a three-bedroom home have a home value of $468,500 and replacement value of $390,000. Gavop recommends homeowners insurance coverage between $400,000 and $500,000.
Fremont homes with a home valued less than $200,000 pay an average homeowner's insurance rate of $124.
Four-bedroom homes in Fremont cost around $552,500 and have an estimated replacement value of $520,000. Gavop recommends an insurance coverage between $500,000 and $600,000 for these homeowners. Those with homes valued less than $300,000 pay an average homeowner's insurance rate of $262 per annum.
A five-bedroom home in Fremont has an estimated value of $705,500 and an estimated replacement cost of $580,000. The recommended homeowner's insurance coverage is between $600,000 and $700,000.
Fremont homeowners with homes valued more than $300,000 pay an average homeowner's insurance rate of $406 per annum.
The average claim cost for water damage in Fremont is around $5,940 and those for hail and wind damage are about $4,500 and $6,476. Claims for fire and smoke are typically much more expensive at $43,889 and $16,054.
ABOUT THE AUTHOR
Hemanth Ramesh
Hemanth Ramesh works as a writer for Gavop. He has previously written content for film promotions, start-ups, advertising agencies and event management firms. Hemanth Ramesh completed his MA in Journalism and Mass Communication from The English and Foreign Languages University. His other passion includes script writing.
