Santa Fe, NM Home Insurance
Find the right Santa Fe home insurance for your residence.
The capital of New Mexico has some of the highest home values in the state. The median value of homes in Santa Fe was $312,300 between 2017 and 2021. In recent years, the average home value in this city has risen to $571,513. Santa Fe ranks fifth in New Mexico for the most expensive home values.
San Acacio is on the high end of Santa Fe neighborhoods with a median home listing price of $1.6 million. while a median listing price of $595,000 makes Arroyo Chamisa-Sol y Lomas the most affordable neighborhood in the city. The rising value of Santa Fe homes coincides with increased demand for housing.
Santa Fe is the fourth most populous city in New Mexico and had a growth rate of 8.27% between 2010 and 2020. The city currently has an estimated population of around 89,000 residents. up from 67,947 in 2010. Owners of homes in Santa Fe need insurance to protect the value of their property against several covered perils.
The city of Santa Fe is a relatively safe place to live, but a number of risks can still threaten the value of your house. Santa Fe home insurance covers the cost of repairing damage due to covered perils or replacing losses up to your policy limit. Learn more about four of the most common perils that affect residences in Santa Fe:
Most home insurance policies cover damage from these risks. VIU by HUB can provide quotes for named perils, open perils or comprehensive policies. We make it easy to find the right level of coverage for your budget and the value of your home.
The average annual rate for home insurance in Santa Fe is $1,235 or about $103 per month. This cost is lower than average rates in Albuquerque and Roswell and slightly more than average rates for Rio Rancho or Las Cruces. Your policy quotes can vary based on your credit score and the age, size and location of your home.
Use VIU by HUB to find Santa Fe home insurance. Provide information about your home to get quotes for any form of policy. In addition to comparing the cost of different policy types, you can also determine pricing for additional options to customize your coverage.
Homeowners in Santa Fe may prefer to customize policies for increased coverage. Basic and broad-form policies only cover risks named in policy documents, while all-perils policies provide more complete coverage. Here are a few coverage options that offer more protection against risk:
VIU by HUB is the best way to shop for Santa Fe home insurance. We make it easy to compare premiums and other costs and personalize your policy.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
