By: Ramu Garuda November. 20, 2018
A recent study conducted by Gavop on home insurance prices in Avondale, Arizona, shows that the typical home value in the city is $138,400, the median home insurance cost is $780, and the savings between the 25th and 75th percentiles of insurance premiums are $520. In comparison, a typical home in the state of Arizona costs $175,900, the median home insurance value is $790, and the savings between the 25th and 75th percentiles of insurance premiums are $560.
Avondale is a rapidly growing city in Maricopa County in the US state of Arizona. For this analysis, Gavop studied insurance premiums of homes typically ranging between $63,700 and $312,200 in value within a 50-mile radius around Avondale. Typical home values, median home insurance premiums, and the savings between the 25th and 75th percentiles of insurance premiums in the city, state, county and 9 areas around Avondale have been compared.
Residents of New River, located 47 miles from Avondale, show the highest potential savings of $1,140 on insurance premiums, with a typical home value of $312,200 and a median home insurance cost of $1,530. Deer Valley comes a distant second; its residents make savings of $810, with a typical home value of $281,100 and median home insurance of $1,180. Sun City West is third on the list; its residents make savings of $690, with a typical home value of $188,600 and a median home insurance cost of $920. Residents of Maricopa-Stanfield show the next highest savings in insurance premiums at $450. The typical home value and median insurance premium here are $130,800 and $640, respectively. Residents of Stotonic Village is fifth on the list with a potential savings of $370. The typical home value is $118,800 and the median premium is $510.
The graph below compares the median insurance rates and the 25th and 75th percentiles of home insurance premiums for the above-mentioned locations.
The following table lists the typical home values, median home insurance prices, the 25th and 75th percentile of insurance premiums, and the potential savings between the percentiles for 9 places within a 50-mile radius of Avondale, Arizona. It also lists the values for the county and state.
|Place||Typical Home Value||Median Home Insurance Costs||25th Percentile||75th Percentile||Potential Savings & Difference between the 25th & 75th Percentiles|
|Maricopa County, AZ||$193,900||$990||$670||$1,360||$690|
|New River, AZ||$312,200||$1,530||$1,030||$2,170||$1,140|
|Deer Valley, AZ||$281,100||$1,180||$810||$1,620||$810|
|Sun City West, AZ||$188,600||$920||$630||$1,320||$690|
|Stotonic Village, AZ||$118,800||$510||$350||$720||$370|
|Salt River, AZ||$68,300||$400||$270||$550||$280|
|Casa Blanca, AZ||$63,700||$290||$200||$410||$210|
|Sweet Water Village, AZ||$68,800||$280||$190||$390||$200|
For more information on Avondale, Arizona, 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.