Compare Homeowners Insurance Quotes


Data-Driven Home Insurance News & Analysis

Pennsylvania homeowners can increase their savings through home insurance discounts

No Image

By: Ramu Garuda  August, 16, 2019

Pennsylvania’s homeowners pay an average homeowner's insurance rate of $1,227 per annum, which is on par with the national average of $1,228 per annum. The average property cost in Pennsylvania is about $154,164. Langhome reports the highest average home insurance rate of $1,741 per annum.

Insurance companies account for multiple factors when calculating a homeowner’s insurance rate. Many of these factors are out of the homeowners’ control such as the age of home, probability of natural disasters, age of the home, and property location.

Continue reading

Florida’s Homeowners Insurance Cost Varies Between $400 and $8,000 Depending on the Policy

No Image

By: Hemanth Ramesh August, 15, 2019

According to a Gavop analysis, Florida’s homeowners pay an average homeowner's premium of $1,772 per annum. Gavop analyzed data published by the National Association of Insurance Commissioners (NAIC) to understand insurance rates, the number of premiums written, and the cost of dwelling fire insurance for Florida homeowners with different insurance coverage amounts and various insurance policies

Continue reading

Georgia’s Homeowners Insurance Cost Varies Between $400 and $3,000 Depending on the Policy

No Image

By: Ramu Garuda  August, 14, 2019

A Gavop analysis shows that Georgia’s homeowners pay an average homeowner's insurance premium of $1,103, which is 10% lower than the national average of $1,228.

The following table shows that the average insurance rate increases with a rise in coverage amount for all policy types. In addition, the insurance rates for dwelling fire premiums are significantly lower than those for the five 5 homeowner’s policy types.

Continue reading

Massachusetts homeowners pay an additional $1,563 for flood insurance

No Image

By: Hemanth Ramesh August, 13, 2019

According to a Gavop analysis, Massachusetts homeowners pay an average flood insurance premium of $1,563 in addition to the average homeowners insurance rate of $1,379.

The National Flood Insurance Program (NFIP) ensures that more than 330 communities in Massachusetts that have agreed to enforce and adopt floodplain management ordinances receive federally backed flood insurance. The Legal Information Institute defines community as a state or political subdivision thereof that has zoning and building code jurisdiction over a particular area with a special flood hazard status.

Continue reading

Is AAA home insurance good for Michigan’s homeowners?

No Image

By: Ramu Garuda  August, 12, 2019

Situated at the heart of the American auto manufacturing industry, the American Automobile Association (AAA) owns a 14.1% share of the homeowner's insurance market in Michigan under the brand Auto Club Insurance Association. Unfortunately, it is compulsory to be a AAA member to even get a quote for AAA homeowners insurance in Michigan. Nevertheless, a AAA membership comes with its benefits.

Continue reading

Top 5 Home insurance companies in Ohio hold more than a quarter of the market share

No Image

By: Hemanth Ramesh August, 09, 2019

Gavop studied the data published by the National Association of Insurance Commissioners (NAIC) in 2019 and identified the top 5 insurance firms in Ohio by market share.

State Farm

State Farm is the biggest insurance firm in Ohio with a market share of 11.35%. In 201,8 the firm reported written direct premiums of $2,080,574 and direct premiums earned of $2,080,805.  AM Best has given State Farm the highest possible rating of A++, which is reserved for companies that have a superior ability to meet their ongoing insurance obligations.

Continue reading

Top 5 Home Insurance Companies for Homeowners in Arizona

No Image

By: Ramu Garuda  August, 08, 2019

Homeowners in Arizona pay an average homeowners insurance rate of $803 per annum, which is much lower than the national average of $1,228 per annum. The total written premiums by insurance firms under Arizona’s homeowner's multi-peril segment amount to $1,610,131,044 for 2017.

Continue reading

Top 5 Insurance Firms in Washington According to Market Share

No Image

By: Hemanth Ramesh August, 08, 2019

According to a Gavop study, Washington DC’s homeowners pay an average home insurance rate of $1,196, which is marginally lower than the national average of $1,228. Gavop examined data from a 2019 market share report published by the National Association of Insurance Commissioners (NAIC) to identify the top 5 insurance firms providing home insurance in Washington.

Continue reading

Top 5 homeowners insurance firms in Texas hold more than 50% market share

No Image

By: Ramu Garuda  August, 07, 2019

Homeowners in Texas pay an average homeowners insurance rate of $1,945, which is considerably higher than the national average of $1,228. Gavop analyzed data published by the National Association of Insurance Commissioners (NAIC) to identify the top 5 insurance firms providing multi-peril homeowners insurance in Texas. These top 5 insurance firms together own more than half the market share in the multi-policy homeowners insurance segment.

Continue reading

Top 5 insurance providers find favor with New Jersey Homeowners

No Image

By: Hemanth Ramesh August, 07, 2019

New Jersey residents pay an average homeowners insurance rate of $1,149, which is slightly lower than the national average of $1,228.

Gavop analyzed a 2019 market share report published by the National Association of Insurance Commissioners (NAIC) to identify the top insurance firms offering multi-peril homeowners insurance policy in New Jersey.

Continue reading