Murrieta, California, homeowners insurance rates can be as cheap as $49
By: Hemanth Ramesh October, 11, 2019
According to Gavop research, homeowners in Murrieta, California, pay an average homeowner's insurance rate of $1,410 per annum, which is higher than the national average of $1,228. The typical home value in Murrieta is around $299,500.
Murrieta reports about 1,005 homes valued at less than $50,000. These homeowners pay an average homeowner's insurance rate of $49 per annum.
One-bedroom homes in Murrieta report an average home value of around $76,500 and an estimated replacement value of $60,000. Gavop suggests that Murrieta homeowners with one-bedroom homes opt for home insurance coverage between $75,000 and $100,000. Two-bedroom homes are typically valued at $230,000 and have a replacement value of $190,000. For these homeowners, Gavop recommends home insurance coverage between $250,000 and $300,000.
Three-bedroom homes have a typical home value of $201,500 and a replacement value of $170,000. For these homes, Gavop suggests homeowner’s insurance coverage between $200,000 and $250,000.
Murrieta homes valued at less than $200,000 pay an average homeowner’s insurance rate of $221.
Four-bedroom homes in Murrieta cost about $478,500 and report an estimated replacement value of $400,000. Gavop recommends insurance coverage between $500,000 and $600,000 for these homeowners.
In comparison, a five-bedroom home in Murrieta is estimated at $676,000 and has a replacement cost of $590,000. The recommended homeowner’s insurance coverage for these homes is between $700,000 and $800,000.
Murrieta homeowners with homes valued less than $300,000 incur an average homeowner's insurance rate of $461 per annum and homes valued at more than $300,000 incur an average price of $713 per annum.
Bundling insurance policies can also generate big savings for homeowners in Murrieta. Bundling home and auto insurance can attract a discount of at least 12%. Bundling homeowners with life insurance can help homeowners get a discount of about 10%. Bundling all three insurance policies—home, auto, and life—can earn Murrieta homeowners a discount of as much as 29%.
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.
