Colfax, CA Home Insurance Quotes!

Did you know Colfax, CA homeowners are now finding easier ways to compare home insurance rates online. At GetHomeInsuranceQuotes.com, we provide superior serice when it comes to taking care of your insurance needs. Our online quoting application process has been trusted by thousands of homeowners like you who want a quick way to review and compare rates without any hassle. Our California licensed homeowners insurance professionals are here to help you compare multiple options and our convenient service allows us to answer the questions that you need to get the right coverage at the most affordable price. We provide the best rates from up to 12 different carriers that are all highly rated by A.M Best and we shop the policy with you so you know which Colfax insurance policy is best for you. Start your quote today by entering your Colfax zip code for the home you would like to insure!

Facts About Colfax California

The city of Colfax California currently has 1,963 residents that call it home. This number translates into 3,835 households in the area and each household has about 3 people. The median household income is $72,746, which is very close to the national median and home prices in Colfax average $381,900 making it a very affordable city to buy a house.

Homeowners Insurance Rates in Colfax

Average Colfax home insurance rates is around $972 per year, for homes smaller than 1,800 square feet in replacement cost value coverage you could see rates as low as $722 /yr. with discounts applied. For up scale homes this area over 1,800 sq. ft in Colfax, you may see higher rates in the $1272 range due to much higher dwelling coverage.

When it comes to homeowners insurance there are a number of different types that are designed to cover the specific type of housing you call home. The following insurance types are available in Colfax and across the country:

HO-3: A HO-3 policy is the most common type of homeowners insurance being written today. It offers coverage for all perils, excepting those that are specifically named in the policy as exclusions. Most policies for the city of Colfax have a number of exclusions but the most common ones are flooding and earthquake damage.
HO-5: The HO-5 is considered a premium policy and offers broader coverage than the HO-3. It covers your home, other structures, loss of use and your personal belongings as an “all perils” policy, which means that you are covered from everything except exclusions listed in the policy. The big difference is that all of your personal property is covered under the all perils coverage while a HO-3 limits property damage coverage to specially named perils. HO-5 policies can be significantly more expensive.
H0-6: This type of policy is specifically written to cover people who live in a condo or a co-op building. This policy type will protect your belongings as well as any structural components of the building that you actually own. The walls of your condo or apartment are examples. HO-6 policies are listed perils policies which means they only cover the perils listed on the policy.

Colfax, CA Housing Demographics

The city of Colfax in California is roughly around 1,963 residents in population size with 823 occupied homes within the city of Colfax. The average family household in Colfax is 505.

Demographic	Values
Population	1,963
Total Occupied Households	823
Family Households (families)	505
Average Owner Occupied Household Size	2.32
Average Family Size	2.98
Total Housing Units	929

Compare Homeowners Insurance Rates in Colfax, CA!

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Servicing Colfax, California Home Insurance Quotes & Coverage

The carriers we offer for California homeowners have an "A+" A.M. Best rating and our Colfax agents have been working with these carries since 2007. Our insurance experience provides the best service when it comes to working with you so we can provide a coverage plan that works best for you. Our California customers value our service and depend on us to help them with all of their insurance needs, that also includes auto and life insurance as well. As a homeowner in California shopping for online rates and coverage options can be a confusing task, that's why working with our Colfax, CA agent will give you the outstanding service you need to find the coverage you can understand and afford. Our top rated carriers include Farmers, Safeco, First American, Travelers, Liberty Mutual, Chubb, Foremost, Pacific Select Property and many more. Because we know that homeowners insurance is not always about the lowest price, it's important to find affordable coverage that you know and trust. Take advantage of our online services and let us help you find the Colfax, CA insurance coverage that you need. Submit an online home insurance quote today!

Average Rates Nearby Colfax

Are you looking for homeowners insurance in a city near Colfax? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Colfax, CA

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Colfax.

95713,

Colfax, CA Home Insurance Average Premiums

Local Colfax, CA home insurance quotes comparison

$722 /yr.

Shows Colfax's lowest average rates with discounts applied.

For the city of Colfax, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$722 /yr.
Average Coverage:	$972 /yr.
2600 sq. ft. or higher (all discounts applied)	$1272 /yr.

What is the average home insurance cost for a home in Colfax, CA?

• The average homeowners insurance premium paid annually for a home in Colfax is around $972 per year.

What does it cost on average per month for home insurance in Colfax, CA?

• Homeowners in Colfax pay an average cost per month around $81.00 for insurance coverage.

Colfax, CA - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$492,072	$511,340
February	$487,765	$517,272
March	$485,559	$524,917
April	$485,366	$530,814

Homeowners insurance will help cover the cost to repair or replace your Colfax home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Colfax
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Colfax, CA homeowners insurance rates all in one place!

Saving Money Tips on Colfax Home Insurance

A great way to save money on Colfax homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Colfax area? Check out what homeowners are paying on average for California homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
1824 ft.	This is the average home elevation in Colfax, CA	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local California flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Colfax, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Placer County.

California Homeowners Insurance News & Information

Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024
As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]
Largest Insurer in California – Travelers Announces Home Insurance Rates Going Up 15% Posted on Monday 20th May, 2024
Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]
2024 Average Homeowners Insurance Rate at $2,777 per year Posted on Tuesday 20th February, 2024
A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]
What exactly is a FAIR Plan? Posted on Tuesday 2nd January, 2024
If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]
2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023
The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies. Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]

Colfax, CA Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Colfax so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Colfax, CA?

- The average square footage in Colfax is around 1,179 Sq. Ft. which would cost you around $381,900 to replace the home if you base the home on the price to build per square foot of $324.

Minimum Replacement Cost Total: $381,900

Location: Colfax, California (Placer County)

Average Building Cost Per Square Foot in Colfax: $324 (low end)

Average Square Footage in Colfax: 1,179 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$324	$381,900
Some Additional Upgrades	$405	$477,375
Major Home Updates or Advancements	$486	$572,850

Calculate Your Colfax, CA Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($324) in Colfax, California times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $1,012,500 (Media price to build of $405 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.