How much is homeowners insurance in Chico,TX

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In Chico, homeowners pay an average annual rate of $4,224 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $1,720 more the national average of $2,504.

Homeowners insurance premiums can vary significantly from one property to another. In Chico, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Chico, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Chico.

Key takeaways

In Chico, homeowners insurance costs $4,224 annually.
Farmers offers the most affordable homeowners insurance in Chico with an average annual premium of $3,900.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $971 higher.

How much is homeowners insurance in Chico per month

According to our rate analysis, homeowners in Chico pay an average of $352 per month. It’s $32 more the state average of $320 and $143 more the national average for home insurance across the United States.

In Chico, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

How much is homeowners insurance for a $200,000 house in Chico

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $3,253 per year in Chico, TX. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Chico

According to a rate analysis by Insure.com, homeowners in Chico pay an average of $4,224 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $971 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Chico by company

Among the carriers analyzed, Farmers is the most affordable homeowners insurance company in Chico, offering an average annual rate of $3,900.

Progressive ranks second, while State Farm holds the third spot with an average annual rate of $4,897.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Chico and compiled a list of the most affordable options.

Below are the details of home insurance companies in Chico and their average annual premiums.

Home insurance company	Annual rate
Farmers	$3,900
Progressive	$4,709
State Farm	$4,897
Nationwide	$7,121
USAA*	$3,453

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Chico for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.