By: Ramu Garuda October. 19, 2018
According to Gavop’s recent survey of home insurance prices in Washington, Missouri,, a typical home in the city is valued at $103,000, the median insurance rate is $440, and the savings between the 25th and 75th percentile of insurance premiums is $320.
Washington is a township located in Buchanan County, in the U.S. state of Missouri. In the county, for a typical home value of $108,300 and a median insurance value of $430 (just $10 less than Washington), the potential savings (between the 25th and 75th percentile) is marginally less (by $20) at $300.
The Gavop survey analyzes typical home values, median insurance rates, and the savings between the 25th and 75th percentile of home insurance premiums for places located within a 50-mile radius of Washington, Missouri. The price range of homes analyzed in this survey is between $43,000 and $168,800.
Prathersville’s residents can save the most: $450. A typical home in Prathersville is valued at $168,800, and a median insurance costs $680. Gower offers the second highest potential saving of $410, a typical home value of $124,300, and a median insurance value of $630. Claycomo residents can make the third highest savings of $360, while a typical home in the area costs $108,800, and the median insurance premium is $520. Shannon and North Kansas City, which are located near by, offer homeowners the fourth highest savings. In both the places, the potential savings for homeowners is $340. The typical home value in Shannon is $144,100, while the median insurance premium is $610. In North Kansas City, the typical home value is $120,800, while the median insurance rate is $500.
The following graph compares the median, the 25th, and the 75th percentile of home insurance premiums for the above-mentioned locations.
The following table lists the typical home values, the median home insurance prices, the 25th and 75th percentiles of insurance premiums, and the potential savings between the two percentiles for 10 areas within a 50-mile radius of Washington. It also lists the values for the county and the state.
|Place||Typical Home Value||Median Home Insurance Costs||25th Percentile||75th Percentile||Potential Savings & Difference between 25th & 75th Percentile|
|Buchanan County, MO||$108,300||$430||$310||$610||$300|
|North Kansas City, MO||$120,800||$500||$360||$700||$340|
|Gentry County, MO||$76,000||$350||$240||$490||$250|
|White Cloud, KS||$46,400||$250||$200||$340||$140|
For more information on Washington, Missouri, 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.