Modesto, California, Average home insurance cost is $900
By: Ajay kumar Medagani October, 21, 2019
According to a Gavop study, homeowners in Modesto, California, pay an average homeowner's insurance rate of $900 per annum. The median home value in Modesto is $176,600.
A majority of Modesto’s homes (33.3%) are valued between $623,001 and $934,000. Less than 5% of Modesto homes are valued less than $70,000. Bret Harte reports the lowest median home values at $111,200. Ripon has the highest home value, with an average home costing $381,300. More than 1.5% of households in Modesto are valued at more than 1.5 million. Single-family detached homes are the most common housing type in Modesto, accounting for 70.56% of the city’s housing units.
Tracy is one of the safest neighborhoods in Modesto. The median home values in Tracy are as high as $378,900. Ripon is also considered to be extremely safe and peaceful. The median home value here is around $381,300.
Robertson road, on the other hand, is said to be one of the most unsafe neighborhoods in Modesto. Robertson road has an average home value of $92,882. Downtown is another neighborhood considered unsafe. The median home value in Downtown is $111,490.
The Modesto City area has the highest education rate, with 19% of the population possessing a bachelor’s or higher degree. The neighborhood of Bret Harte has the highest school dropout rate of 57%. In Bret Harte, the average home value is $158,774. Moreover, Bret Harte also reports the highest housing density in Modesto with 2,528 houses per square mile. Bystrom is the neighborhood with the highest percentage of owned homes at 50%.
A Gavop study reveals that enhancing safety features on properties can help Modesto homeowners lower their homeowners insurance costs in addition to making homeowners feel safer. For example, installing deadbolt locks can earn Modesto homeowners a discount of $103 on their homeowner's insurance. Burglar alarms (e.g., smart alarm sensors, indoor and outdoor cameras, smart locks, and sky control panel) fetch an additional discount of $115. Homes with fire extinguishers are given a discount of about $48.
ABOUT THE AUTHOR
Ajay Kumar Medagani
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.
