By: Ajay kumar Medagani June, 05, 2019
A recent Gavop survey on home insurance rates in Layton, Utah revealed that a typical home in the city is valued at $206,600, the median insurance rate is $1,120, and the savings between the 25th and 75th percentile in insurance premiums is $710.
Layton, with an estimated population of 80,000, is located in Davis County, Utah. To provide a comprehensive analysis of the home insurance market, Gavop examined typical home values, median insurance rates, and the savings between the 25th and 75th percentile of insurance premiums in the city and in 10 places located within a 50-mile radius of Layton.
Of the 10 locations, Emigration reports the highest savings of $1,250, a typical home value of $451,200, and a median home insurance premium of $1,760. Oakley offers a potential saving of $1,190, a typical home value of $289,100, and median insurance value of $1,710. In Francis, residents save the same amount as Oakley ($1,190) by switching from the 75th percentile premium to the 25th percentile insurance premium. Here, a typical home costs $283,200, and a median home insurance premium is $1,640. Residents of nearby Charleston can save $990 between the two insurance percentiles. A typical home in Charleston is valued at $291,900, and the median insurance is $1,520. In Wellsville, the savings are $750, a typical home is valued at $222,100, and the median home insurance is $1,020.
The following graph compares the median and the 25th and 75th percentile of home insurance premiums in places within a 50-mile radius of Layton.
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 10 locations within a 50-mile radius of Layton, Utah. In addition, it presents all these values for the county and state.
|Place||Typical Home Value||Median Home Insurance Costs||25th Percentile||75th Percentile||Potential Savings & Difference between 25th & 75th Percentile|
|Davis County, UT||$226,100||$1,150||$820||$1,630||$810|
|South Ogden, UT||$176,000||$930||$630||$1,330||$700|
|North Davis, UT||$211,600||$890||$610||$1,220||$610|
For more information on Layton, Utah, Home Insurance, click on this link
Ajay Kumar works as a data analyst with Gavop. A (software) engineer by profession, he utilizes his well-established programming skills in big data, to derive insights from a wide variety of data sets. A engineering graduate from JNTU his passion involves analyzing raw data, infographics and other visual aids for research.