By: Ramu Garuda January.29, 2019
According to a recent Gavop study on home insurance prices in Bullhead City, Arizona, a typical home in the city is valued at $129,400, the median insurance cost is $740, and the savings between the 25th and 75th percentiles of insurance premiums is $490.
Bullhead City is one of the largest cities in Mohave County of the US state of Arizona. Gavop studied typical home values, median insurance rates, and the home insurance savings between the 25th and 75th percentiles of premiums in the city and eight regions within a 50-mile radius. Typical home values in these regions range between $68,000 and $347,000.
Of the eight places, Hackberry reports the highest savings of $940, a typical home value of $346,700, and a median home insurance premium of $1,280. Following Hackberry is Walnut Creek with potential savings of $640. Here, a typical home is valued at $157,900 and the median insurance value is $900. In Fort Mohave, residents can save $620 by choosing the 25th percentile premium instead of the 75th percentile premium. A typical home in this area costs $159,600 and a median home insurance premium costs $880. Residents of So-Hi residents can save about $390. The typical home value here is $94,200 and the median insurance is $560. In Mohave Valley, the savings are about $330, a typical home is valued at $121,000, and the median home insurance is $500.
The following graph compares the median as well as the 25th and 75th percentiles of homeinsurance premiums for the above-mentioned locations
The following table lists the typical home values, median home insurance prices, and 25th and 75th percentiles of insurance premiums and ranks the potential savings between the two percentiles for eight locations within a 50-mile radius of Bullhead City. In addition, it presents the values for the county and state for the same categories.
|Place||Typical Home Value||Median Home Insurance Costs||25th Percentile||75th Percentile||Potential Savings & Difference between 25th & 75th Percentile|
|Mohave County, AZ||$144,700||$810||$580||$1,120||$540|
|Bullhead City, AZ||$129,400||$740||$540||$1,030||$490|
|Walnut Creek, AZ||$157,900||$900||$650||$1,290||$640|
|Fort Mohave, AZ||$159,600||$880||$620||$1,240||$620|
|Mohave Valley, AZ||$121,000||$500||$360||$690||$330|
|Crystal Beach, AZ||$86,300||$390||$270||$560||$290|
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.