California Home Insurance Premiums average $826

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(Best Syndication News) - According to an a report by HomeInsurance.com, the California homeowner paid on average $826 in annual home insurance premiums in the month of February 2011, which was an increase of 2.2 percent from the previous month. In January 2011, the average annual home insurance premium in California was $808.00.

The home insurance premiums have been on an upward climb over the last year of 2010. In October of 2010, the annual average was $749 for home insurance premium rates in California. The national average for home insurance premiums for the month of February 2011 was $710.

What causes the home insurance premiums to cost what they do? There are several factors the insurance company will use when quoting premium rates. According to the Insurance Information Institute, there are seven common factors insurance companies use when determining premium prices.

- The square footage of the home and any additional buildings.
- The cost to build where you live.
- Building material used, and features such as fireplaces, tile or marble flooring.
- Neighborhood crime rate.
- The chances of having damage from natural disasters, such as hurricanes, and hail storms.
- How close a fire hydrant or fire station is to your home.
- How well maintained the heating, plumbing, and electrical wiring is in your home.

As with any home insurance policy, the rate quotes will vary from on provider to another. Other discounts can also apply, such as combining your auto insurance with your homeowners policy with the same company. Other discounts include having a fire alarm, sprinkler system, or having a home security system.

By: Tim Conrad

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