How much is earthquake insurance in california?

Informational guide discussing earthquake insurance. ... If you have homeowners insurance in California, your company must offer to sell you earthquake insurance. ... Additionally, your association may require you and other unit owners to share repair costs or pay part of their policy deductible through an assessment. read more

The California Earthquake Authority has a simple calculator you can use to get a fairly accurate quote. For instance, we ran a sample test for a random home located in San Francisco. For about $1,000 per year, we could insure a 25-year-old home with a $500,000 value, including $50,000 of personal property coverage and $1,500 of loss of use. read more

The California Earthquake Authority (CEA) provides most earthquake insurance in California. CEA offers earthquake policies, for homeowners, mobilehome owners, condo unit owners and renters. You cannot buy earthquake insurance directly from CEA - you buy it directly from insurance companies that are members of CEA here. read more

Premiums for earthquake insurance range from $800 to $5,000 annually, and deductibles are typically 15 percent of the total value of the home. California houses aren’t cheap –- the current median sale price is just under $400,000, and is higher in many of the counties most at risk. For a $400,000 home, the deductible would be $60,000. read more