Home Insurance in Millbrae, California
Homes in Millbrae carry a median value of $1,934,900 - 24% higher than the San Mateo County median.
The typical home in Millbrae was built around 1962. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 46% of homes were built before 1960, about 6 points above San Mateo County's 40%.
Housing in Millbrae breaks down to 64% single-family homes and 31% apartments in buildings with 5+ units.
About 61% of owner-occupied homes in Millbrae have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Millbrae has an owner-occupancy rate of 61% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
In Millbrae, 63% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Millbrae? FEMA's National Risk Index points to earthquake (Relatively High) in San Mateo County and San Mateo County had 4,143 active NFIP flood policies as of September 2026. See the full San Mateo County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in California carries a statewide average premium of $1,655 per year.
Key figures
| Median home value | $1,934,900 |
|---|---|
| Median year built | 1962 |
| Owner-occupied share | 61% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Earthquake (Relatively High) |
| Active NFIP policies in San Mateo County | 4,143 |
| 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)