When you’re budgeting for homeowners insurance, it’s natural to ask: “Is $200 a month a good rate?” The answer depends on your home’s value, location, coverage needs, and risk factors. For some homeowners, $200/month is a great deal. For others, it may be too much.
Here’s how to determine whether you’re paying the right amount—and how to save if you’re not.
📉 What’s the Average Cost of Homeowners Insurance?
In California, the average cost of homeowners insurance typically falls between $1,200 and $1,800 per year, which breaks down to around $100 to $150 per month. However, many variables can push that number higher—especially if:
- You live in a high-risk wildfire zone
- Your home is older or has outdated systems
- The rebuild value of your home is high (often due to size, upgrades, or materials)
- You’ve added coverage for earthquakes, floods, or luxury items
So if your premium is $200 per month, or $2,400 per year, it’s above the state average—but it could still be a good deal based on your specific situation.
✅ When $200/Month Is a Good Rate
You may be getting strong value at $200/month if your policy includes:
- High dwelling coverage (e.g., $800,000+ replacement cost)
- Protection for wildfire-prone areas like parts of Sacramento County
- Add-ons like earthquake or flood insurance
- Scheduled personal property (jewelry, art, collectibles)
- Umbrella liability coverage for extended protection
If your home falls into these categories, your rate might not just be fair—it could be one of the better options available.
🚩 When $200/Month May Be Too High
On the other hand, if your home:
- Is valued under $500,000
- Is new or recently renovated
- Is not in a high-risk location
- Has modern plumbing, roof, and electrical systems
- Has no history of claims
…then $200/month may be higher than necessary. You could likely lower your rate by:
- Increasing your deductible
- Bundling home and auto policies
- Shopping with multiple carriers
- Working with an independent insurance agent (like us!)
🧠 Not Sure? Get a Free Policy Review
Understanding whether your rate is competitive requires a full view of your coverage. At Eugene C. Yates Insurance Agency, we specialize in reviewing policies and comparing options from California’s top-rated insurers. Our goal is simple: get you the right coverage at the best price.
📞 Let’s Find Out If You’re Paying Too Much
Is $200 a good monthly payment for your homeowners insurance? Let us help you find out.
We’ve been protecting Sacramento homeowners since 1946 and can find you affordable, custom-tailored coverage—even in high-risk areas.
Call us today or request a free quote online. We’ll make sure your premium fits your home, your lifestyle, and your budget.