Rancho Santa Margarita, CA Home Insurance Quotes!

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Are you looking for affordable homeowners insurance in Rancho Santa Margarita, CA? Although price is a common factor for homeowners when it comes to shopping for a new homeowners insurance policy, the most important is dependable coverage and protection for your home and family. If you want to save money on your insurance try applying the following home insurance discounts when comparing rates, you may realize that there are additional discounts available other than smoke detectors, burglar alarm (security), and deadbolts. All of these possible discount items can help you save more money on your home insurance policy. Call 1-855-976-2656 or get a quote online and let our local Rancho Santa Margarita home insurance agent help you today!

Top 5 Important Coverage Details

Many homeowners in California are not sure what is covered under a standard homeowners insurance policy. Here are the top 5 most important coverage details that you need.

  1. Wind and Hail - high winds and hail damage account for the majority of claims every year.
  2. Fire and Lightning - home fires or weather related claims due to thunderstorms
  3. Water Damage and Freezing Temperatures - plumbing issues or harsh cold winters
  4. Theft
  5. Bodily Injury

When shopping and comparing home insurance rates online, it's also very important to have all your questions answered. Which is why our quoting service provides the highest quality in customer care and free insurance consulting services. We want to help you save money, but also help you find the protect you need for your home in Rancho Santa Margarita, CA.

Home Insurance Rates in Rancho Santa Margarita

Finding lower or more affordable homeowners insurance rates in Rancho Santa Margarita is now much easier for local residents thanks to GetHomeInsuranceQuotes.com. Many homeowners often ask how their current premium ranks compared to other customers. You can now be the judge by comparing what you currently pay to average local rates, for example, the average rate in Rancho Santa Margarita is around $872 per year. Most rates vary based on replacement cost, so smaller homes less than 1700 square feet in Rancho Santa Margarita pay a lower rate around $622 per year. But most homeowners nearby pay around $73 per month for standard homeowners insurance coverage. It's important to know that these average homeowners insurance rates reflect the cost of a standard home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage. Please understand that a basic homeowners insurance policy does not include flood, wind/hail or even earthquake insurance.

The best homeowners insurance coverage includes an affordable rate with outstanding coverage. At GetHomeInsuranceQuotes.com, our licensed agents can provide up to 12 home insurance estimates for you to review. And our free consulting service allows us to answer any questions that you may have about which policy is best for your family and home located in Rancho Santa Margarita.

Rancho Santa Margarita, CA Demographics & Housing Data

Location of Rancho Santa Margarita, CA (ORANGE County)

  • Total Population: 47,853
  • Occupied Residents: 62,120
  • Average Price of a Home Per Zip Code: $627,700

Compare Homeowners Insurance Rates in Rancho Santa Margarita, CA!

Enter your Zip Code:    

Get up to 12 competitive Rancho Santa Margarita, CA homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Rancho Santa Margarita, CA rates all in one place!

Servicing Rancho Santa Margarita, California Home Insurance Quotes & Coverage

The carriers we offer for California homeowners have an "A+" A.M. Best rating and our Rancho Santa Margarita 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 Rancho Santa Margarita, 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 Rancho Santa Margarita, CA insurance coverage that you need. Submit an online home insurance quote today!

Average Rates Nearby Rancho Santa Margarita

Are you looking for homeowners insurance in a city near Rancho Santa Margarita? 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 Rancho Santa Margarita, CA

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

92688,     

Rancho Santa Margarita, CA Home Insurance Average Premiums

Local Rancho Santa Margarita, CA home insurance quotes comparison

$622 /yr.

Shows Rancho Santa Margarita's lowest average rates with discounts applied.

For the city of Rancho Santa Margarita, 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)		$622 /yr.
Average Coverage:$872 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1172 /yr.

What is the average home insurance cost for a home in Rancho Santa Margarita, CA?

  • • The average homeowners insurance premium paid annually for a home in Rancho Santa Margarita is around $872 per year.

What does it cost on average per month for home insurance in Rancho Santa Margarita, CA?

  • • Homeowners in Rancho Santa Margarita pay an average cost per month around $73.00 for insurance coverage.

Rancho Santa Margarita, CA Coastal Wind, Hail & Flood Information

Rancho Santa Margarita is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood Zone Notice: The beautiful coastal city of Rancho Santa Margarita is know for it's beautiful beaches and waterways. Because Orange County (FIPS: 6059) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Rancho Santa Margarita, CA.

Rancho Santa Margarita, CA - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $901,277 $848,077
February $896,453 $866,381
March $895,147 $886,420
April $897,173 $904,697

Homeowners insurance will help cover the cost to repair or replace your Rancho Santa Margarita 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 Rancho Santa Margarita
  • 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.
Enter your Zip Code:    

Get up to 12 competitive Rancho Santa Margarita, CA homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Rancho Santa Margarita, CA rates all in one place!

Saving Money Tips on Rancho Santa Margarita Home Insurance

A great way to save money on Rancho Santa Margarita 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 Rancho Santa Margarita 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
853 ft. This is the average home elevation in Rancho Santa Margarita, CA

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Rancho Santa Margarita, California.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Rancho Santa Margarita, 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 Orange 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, […]

Rancho Santa Margarita, CA Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Rancho Santa Margarita 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 Rancho Santa Margarita, CA?

- The average square footage in Rancho Santa Margarita is around 1,198 Sq. Ft. which would cost you around $627,700 to replace the home if you base the home on the price to build per square foot of $524.

Minimum Replacement Cost Total: $627,700

Location: Rancho Santa Margarita, California (Orange County)

Average Building Cost Per Square Foot in Rancho Santa Margarita: $524 (low end)

Average Square Footage in Rancho Santa Margarita: 1,198 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$524$627,700
Some Additional Upgrades$655$784,625
Major Home Updates or Advancements$786$941,550

The dwelling coverage is calculated by the average cost per square foot ($524) in Rancho Santa Margarita, 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 $1,637,500 (Media price to build of $655 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.