8/2/2023 0 Comments Home owners insurance binder![]() Costly constructionīuilding housing in California isn’t cheap – and that’s a hefty slice of insurance cost.įor starters, the California construction workers who’d fix your home are pricey. Remember, insurance premiums are regulated by the state’s Department of Insurance. One argument the insurance industry makes to explain their wariness about protecting more California homes is that they don’t feel they’re being adequately compensated for their risks. And the highest premiums were found in Middle America where wind and hail pound homes – Oklahoma at $4,766, then Nebraska at $3,985, Kansas at $3,774, Texas at $3,389 and Arkansas at $3,172. California had the 37th-highest annual premiums at an average $1,434 a year to cover $360,000 in damages, according to my look at policy price rankings from Nerdwallet,, and Bankrate.
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