Call us at 855-735-1600
Home Page Get A Quote Contact Us Newsletter Home Page
  • Home
  • Get A Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Los Angeles Car Insurance
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • Los Angeles Commercial Insurance
    • Dental
    • Flood
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Los Angeles Home Insurance
    • Life
    • Motorcycle
    • Other
    • Renters
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
    • Homeowners
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • Frequently Asked Questions
    • News Center
  • About Us
    • About True Rate Insurance
    • Our Locations
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Lines of business buttons Auto Home Commercial Life Dental Registration Services International Drivers' License Mexican Insurance Motorcycle Boats Road Side Service
Home > Blog > Some California earthquake insurance rates are dropping
FRIDAY, DECEMBER 7, 2012

Some California earthquake insurance rates are dropping

SACRAMENTO -- In California, two earthquake insurance companies are lowering their rates.

Insurance Commissioner Dave Jones announced Friday that he approved a 15.5% rate reduction for Chubb Insurance. The average annual premium will fall to $5,021 from $5,940, according to the state Department of Insurance.

Chartis Insurance earthquake coverage rates are going down 15%, with average annual premiums dropping to $6,061 from $7,292, the Department of Insurance said.

Overall savings to consumers will total about $15 million, it said.

The rate reduction followed an update to models used to estimate probable earthquake damage.

Jones said he hoped the lower rates would persuade more Californians to buy earthquake insurance. Currently, the Insurance Department said, only 12% of the state's homeowners have the coverage.

"We live in earthquake country and the danger is real," Jones said in a statement. "Anything we can do to make coverage more affordable for consumers is a good thing."

Earlier this year, the state-administered California Earthquake Authority, which dominates the market, cut its rates 12.5%.

(Source)

Call us today to discuss your options for Los Angeles home insurance at 323-735-1600.
Posted 7:00 PM

Tags: insurance, earthquake insurance, homeowners insurance, los angeles, california
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2013
  • 2012

  • insurance(22)
  • california(19)
  • los angeles car insurance(15)
  • los angeles(13)
  • auto insurance(6)
  • true rate insurance agency(5)
  • car insurance(5)
  • los angeles auto insurance(4)
  • true rate insurance(3)
  • home insurance(3)
  • california car insurance(3)
  • los angeles insurance(2)
  • teen drivers(2)
  • homeowners(2)
  • california home insurance(2)
  • comprehensive auto insurance(2)
  • true rate auto insurance(1)
  • refer a friend(1)
  • home fires(1)
  • superstorm sandy(1)
  • family(1)
  • auto insurance rates(1)
  • carpooling(1)
  • car share(1)
  • save on los angeles car insurance(1)
  • teen driving violations(1)
  • proof of car insurance(1)
  • brush fires(1)
  • vision insurance(1)
  • car(1)
  • win prizes(1)
  • san francisco(1)
  • auto policy(1)
  • reimbursement(1)
  • referrals(1)
  • ventura county(1)
  • proposition 33(1)
  • preparations(1)
  • leased vehicle(1)
  • california insurance commisioner(1)
  • state minimum requirements(1)
  • los angels.(1)
  • house insurance(1)
  • car shopping(1)
  • sports car insurance(1)
  • teen car insurance(1)
  • contra costa county(1)
  • liability auto insurance(1)
  • fraud(1)
  • older drivers(1)

View Mobile Version
follow us quick links mission statement
Facebook

LinkedIn

Yelp
RSS Feed

Twitter

Google+
Home Page
About Us
Our Services
Newsletter
Get A Quote
Contact Us
"We are dedicated to providing you with the best possible service.
This includes finding you the best quote possible!"
True Rate Insurance | 3 Locations to Serve You: Los Angeles - Bell - Whittier | Ph: 323-735-1600 | CA License#0C26157            Copyright True Rate Insurance 2012
RSS Twitter Facebook LinkedIn Rss Feed Twitter Google+ Facebook LinkedIn Yelp