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Orange County Homeowners Insurance Rates

January 01, 1988

The State of California Dept. of Insurance, Consumer Affairs Division recently released the results of its first "Comparative Premimum Survey On Homeowners Insurance," based on rates effective in July 1987. The statewide study was designed to show annual premiums for three rating examples: a typical 45-year-old home, a 25-year-old home and a newer home with higher value. According to Milo Pearson, chief of rate administration bureau, 20 of the state's largest homeowners insurers and cities having the highest population rates were selected for the survey. In Orange County, officials selected Anaheim, Santa Ana and Huntington Beach.

EXAMPLE A Structure Single-family dwelling Year built: 1982 No losses within the last 3 years Deductible: $500 Coverages A. Dwelling: $200,000 B. Other structures:20,000 C. Contents*: 100,000 D. Additional living: 40,000 E. Personal liability: 300,000 F. Medical payments: (each accident) 25,000 (each person) 1,000 * Replacement cost on contents HOMEOWNERS INSURANCE ANNUAL PREMIMUM RATES FOR EXAMPLE A

City Zip code Aetna Allstate All West Anaheim 92801 $542 $531 $606 Santa Ana 92704 542 531 606 Huntington Beach 92648 460 556 606 City Zip Code Hartford Oregon Mutual Prudential Anaheim 92801 $529 $426 $542 Santa Ana 92704 529 426 539 Huntington Beach 92648 529 426 542

City Blue Ridge AAA Cal-Mutual Chubb Group Continental Fire Ins Exchange Firemans Fund Anaheim $526 $694 $444 $484 $606 $481 $521 Santa Ana 594 694 444 484 643 481 521 Huntington Beach 526 694 444 484 606 430 497 City Reliance Safeco State Farm Transamerica Travelers 20th Century West American Anaheim $545 $628 $673 $514 $658 $430 $525 Santa Ana 545 628 673 514 658 430 525 Huntington Beach 545 552 602 514 658 395 489

** All rates include a new home credit.

*** Limitations: All West, limit for contents coverage is 70% ($140,000) of the dwelling amount.

California State Automobile Association (AAA), limit for contents coverage is 70% ($140,000) of the dwelling amount.

Chubb Group, coverage "B"--other structures are 20% of the dwelling amount. In this case, $40,000. Additional living expense is on an unlimited basis.

Farmers, limit on coverage "C" is 75% ($150,000) of the dwelling amount. Additional living expense is 50% ($100,000) of the dwelling amount.

State Farm, limit for contents coverage is 70% ($140,000) of the dwelling amount.

Twentieth Century, limit for contents coverage is 75% of dwelling amount or $150,000.

**** Specific considerations below

EXAMPLE B Structure Single family dwelling, frame Year built: 1962 No losses within the last 3 years Deductible: $250 Coverages A. Dwelling: $125,000 B. Other structures: 12,000 C. Contents: 62,500 D. Additional living expenses: 25,000 E. Personal liability: 100,000 F. Medical payments: (each accident): 25,000 (each person): 1,000 HOMEOWNERS INSURANCE ANNUAL PREMIMUM RATES FOR EXAMPLE B

City Zip code Aetna Allstate All West Anaheim 92801 $418 $347 $348 Santa Ana 92704 418 347 348 Huntington Beach 92648 361 365 348 City Zip Code Hartford Oregon Mutual Prudential Anaheim 92801 $350 $306 $401 Santa Ana 92704 350 306 399 Huntington Beach 92648 350 306 401

City Blue Ridge AAA Cal-Mutual Chubb Group Continental Fire Ins Exchange Firemans Fund Anaheim $357 $452 $344 $342 $379 $365 $357 Santa Ana 403 452 344 342 401 365 357 Huntington Beach 357 452 344 342 379 327 340 City Reliance Safeco State Farm Transamerica Travelers 20th Century West American Anaheim $415 $399 $439 $329 $397 $303 $338 Santa Ana 415 399 439 329 397 303 338 Huntington Beach 415 337 400 329 397 277 314

* Limitations: Chubb Group coverage "B," other structures are 20% of the dwelling amount or $25,000 for example B.

Farmers, contents are 55% ($68,750) of the dwelling amount. Additional living expense is 30% ($37,500) of the dwelling amount.

Prudential, substituted rates for coverages "A" at $130,000, "B" at $13,000, "C" $65,000 and "D" at $26,000.

State Farm, contents are 55% ($68,750) of the dwelling amount.

Twentieth Century, limit for contents coverage is 75% of the dwelling amount or $93,750.

**** Specific considerations below

EXAMPLE C Structure Single-family dwelling, frame Year built: 1942 No losses within the last 3 years Deductible: $250 Coverages A. Dwelling: $ 80,000 B. Other structures: 8,000 C. Contents: 40,000 D. Additional living expenses: 16,000 E.Personal liability: 100,000 F. Medical payments: (each accident): 25,000 (each person): 1,000 HOMEOWNERS INSURANCE ANNUAL PREMIMUM RATES FOR EXAMPLE C

City Zip code Aetna Allstate All West Anaheim 92801 $369 $234 $256 Santa Ana 92704 369 234 256 Huntington Beach 92648 324 246 256 City Zip Code Hartford Oregon Mutual Prudential Anaheim 92801 $377 $209 $261 Santa Ana 92704 377 209 261 Huntington Beach 92648 377 209 260

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