By: Ramu Garuda December. 18, 2018
Gavop’s recent study on home insurance prices in Appleton, Wisconsin, shows that the typical home value in the city is $138,800, the median home insurance cost is $710, and the savings between the 25th and 75th percentile of insurance premiums is $460. In comparison, a typical home in the state of Wisconsin costs $169,000, the median home insurance value is $810, and the savings between the 25th and 75th percentile of insurance premiums is $590.
With an estimated population of about 75,000, Appleton is located in the US state of Wisconsin and overlooks the Fox River. For this analysis, Gavop studied insurance premiums for homes typically priced between $103,600 and $227,000 within a 50-mile radius of Appleton. In addition, it compares typical home values, median home insurance premiums, and savings between the 25th and 75th percentile of insurance premiums in 10 areas surrounding Appleton.
According to the study’s findings, Taycheeda, located 44 miles from Appleton, reports the highest potential savings of $820 for insurance premiums, a typical home value of $227,000, and a median home insurance cost of $1,230. Second is Liberty with a savings of $730, a typical home value of $187,500, and median home insurance of $1,050. Third is Lyndon with a savings of $700, a typical home value of $218,300, and a median home insurance cost of $960. Next, is Pittsfield with the highest savings of $690, typical home value of $205,100, and median insurance premium of 1,030. Finally, Forest has the fifth highest potential savings of $610, A typical home value of $186,400, and a median premium of $820.
The following graph compares the median insurance rates and 25th and 75th percentile in home insurance premiums for the above-mentioned locations.
The following table lists the typical home values, median home insurance prices, 25th and 75th percentile of insurance premiums, and potential savings between the two for 10 places within a 50-mile radius of Appleton, Wisconsin. It also mentions county- and state-level values.
|Place||Typical Home Value||Median Home Insurance Costs||25th Percentile||75th Percentile||Potential Savings & Difference between 25th & 75th Percentile|
|Outagamie County, WI||$156,600||$720||$500||$1,000||$500|
|Manitowoc Rapids, WI||$182,600||$800||$540||$1,130||$590|
For more information on Appleton, Wisconsin, home insurance, click on this link
Ramu is a research analyst with over 7 years of analytics & research experience. Prior to joining the company, he worked with some of the prominent consulting and market research firms in India, including Pride Technology (Supporting consulting projects to PWC), RR Donnelly, and The Hackett Group. His skills include company profiling, benchmarking, data and trend analysis, industry analysis, and report writing across the industries. Ramu holds a Master’s degree in Finance and Marketing. He also has a bachelor’s degree in Biotechnology.