Home Insurance in Pacific Grove, California
With a median home value of $1,190,400, Pacific Grove is 52% higher than the Monterey County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Pacific Grove was built around 1956. About 58% of homes were built before 1960, about 32 points above Monterey County's 26%.
The housing stock in Pacific Grove is 68% single-family homes, 21% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
51% of owner-occupied homes in Pacific Grove carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 50% of occupied homes in Pacific Grove are owner-occupied. The vacancy rate is 16%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Pacific Grove, 71% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Pacific Grove? FEMA's National Risk Index points to earthquake (Relatively High) in Monterey County and Monterey County had 1,572 active NFIP flood policies as of September 2026. See the full Monterey County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In California, the statewide average premium for a standard HO-3 homeowners policy is $1,655 per year (NAIC, 2023 data).
Key figures
| Median home value | $1,190,400 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 50% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Earthquake (Relatively High) |
| Active NFIP policies in Monterey County | 1,572 |
| Home insurance premium | $1,655 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)