Greensboro, North Carolina, average homeowners insurance is $850
By: Hemanth Ramesh October, 18, 2019
According to a Gavop study, homeowners in Greensboro, North Carolina, pay an average homeowner's insurance rate of $850 per annum. Greensboro annually reports about 664 robberies and more than 10,474 crimes targeted at properties. Generally, a higher crime rate translates into higher insurance costs. In comparison to other communities of similar population size, Greensboro’s crime rate is one of the highest in the country.
Greensboro’s rate for property crime is one per 28 residents. This means there is an above-average chance of becoming a victim of property crime in Greensboro compared to other communities in America of all population sizes.
According to the year-end crime statistics, Greensboro reported 46 murders in 2018. Relative to North Carolina, Greensboro’s crime rate is 84% more than the crime rates for the state’s cities and towns.
The neighborhood of Glenwood reports the lowest home values, with homes starting as low as $63,300, while the neighborhood of Warnersville reports the highest home values with homes as expensive as $435,600.
Lowdermilk Area is said to be the worst neighborhood in Greensboro to live in. Lowdermilk Area has a median home value of $68,766. Rosewood is another location that is considered to be unsafe. Rosewood has a median home value of $73,828.
The neighborhood of Summerfield has the highest education rate, with about 56% of the population holding at least a bachelor’s degree or higher education. The neighborhood of Gilmer township has the highest school dropout rate, with 17% of the population possessing a bachelor’s or higher degrees.
Gavop research reveals that Greensboro’s homeowners can lower their homeowner's insurance costs by enhancing the safety features of their properties. For instance, installing deadbolt locks can earn Greensboro homeowners a discount of $90 on their homeowner's insurance. Homes with burglar alarms (e.g., smart alarm sensor, indoor and outdoor cameras, smart locks, and sky control panel) are considered for an additional discount of $60. Fire extinguishers fetch a discount of about $78.
ABOUT THE AUTHOR
Hemanth Ramesh
Hemanth Ramesh works as a writer for Gavop. He has previously written content for film promotions, start-ups, advertising agencies and event management firms. Hemanth Ramesh completed his MA in Journalism and Mass Communication from The English and Foreign Languages University. His other passion includes script writing.
