Data-Driven Home Insurance News & Analysis


Home insurance rates in Massachusetts vary by $2,173 between the cheapest and most expensive providers

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By: Hemanth Ramesh July, 22, 2019

West Tisbury, Aquinnah, Siaconset, and Nantucket are the most expensive ZIP codes in Massachusetts. Nantucket has the highest homeowners premium of $2,972, while Housatonic has the lowest average homeowners insurance premium of $799 per annum. The average homeowners insurance in Massachusetts is $1,379.

Progressive provides the lowest homeowners insurance of $1,078, whereas Liberty Mutual offers the highest at $2,349. Boston city has an average homeowners premium of $2,120 and ...

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Home Insurance in Arizona differs by $952 between the cheapest and most expensive premiums

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By: Ramu Garuda  July.19, 2019

A Gavop analysis finds that home insurance prices in the state of Arizona varies by 95% across cities, with the lowest premiums ranging between $996 in cities such as Sedona and $ 1,948 in and around Benson. The Insurance Information Institute (III) suggests that homeowners in Arizona spend an average of $803 per annum.

Nationwide offers the cheapest homeowners insurance premium in Arizona with an average premium of $798 per annum. Farmers, on the ...

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Homeowners insurance in Washington DC costs as little as $766

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By: Hemanth Ramesh July, 18, 2019

According to a Gavop analysis, the average insurance premiums in Washington DC’s 10 largest cities is $909, which is significantly lower than the state average of $1,196 and the national average of $1,228. In the city of Seattle, the average home insurance premium is as low as $766. This is because these cities are relatively safer than the rest of the state, with quicker response times by the fire departments, lower ...

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Virginia’s homeowners pay an additional $737 as flood insurance premiums

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By: Ramu Garuda  July.17, 2019

A Gavop analysis of data published by the Insurance Information Institute (iii) shows that Virginia’s residents pay an average homeowner’s insurance premium of $959, which is 22% lower than the national average.

The following graph presents the average premium rates for homeowners insurance in the largest cities of Virginia: Virginia Beach, Norfolk ...

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Ohio homeowners insurance rates are $361 lower than the national average

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By: Hemanth Ramesh July, 16, 2019

The average homeowner’s premium in the state of Ohio is about $864 per annum. This is because Ohio is relatively less prone to natural disasters than other states in the country.Ohio traditionally experiences rough winters, which can affect residential properties.Hence, homeowner’s insurance in Ohio covers ice dams, roof damage and collapse, water damage from burst pipe, burner blowbacks, and damage caused by animals.

According to the Ohio Department of Insurance ...

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New Jersey homeowners can save up to $517 by bundling home and car insurance

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By: Ramu Garuda  July.15, 2019

Residents of New Jersey incur an average homeowners insurance premium of $1,149, which is slightly lower than the national average of $1,228. According to the Insurance Information Institute (III), 32% of property owners in New Jersey live near the coast. This makes them more vulnerable to hurricanes, which translates to a higher rate of insurance claims payout.

Another factor affecting homeowners insurance premiums is geographical disparities depending on property location. A homeowner ...

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Michigan home insurance rates differ by $3,015 between the cheapest and most expensive companies

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By: Hemanth Ramesh July, 12, 2019

Residents of Michigan pay an average homeowners insurance premium of $908 per annum, which is lower than the national average of $1,173. The average home insurance premium is the highest for citizens residing in Detroit at $3,923 per annum. The average cost of flood insurance in Michigan is $1,008 per annum.

Liberty Mutual offers the cheapest homeowners insurance rates in Detroit at $560, followed by State Farm whose premium is $1 ...

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Georgia’s homeowners insurance increases by $684 after adding flood Insurance

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By: Ramu Garuda  July.10, 2019

A Gavop analysis shows that Georgia’s homeowners pay an average homeowners insurance premium of $1,103, which is 10% lower than the national average of $1,228, at a deductible rate of $1,000 with a liability of $100,000 and $200,000 in dwelling coverage. An additional flood insurance coverage costs an average value of $684 per annum.

As a coastal state, Georgia is prone to hurricanes that strike the Florida Panhandle ...

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North Carolina home insurance premiums differ by $1,223

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By: Ajay kumar Medagani July, 08, 2019

According to North Carolina census data, property owners incur an average $984 per annum as home insurance premiums. A Gavop analysis finds that the difference between the least and most expensive insurance premiums in North Carolina is as much as $1,223.

While compared to the neighboring states of South Carolina, Virginia, and Tennessee, homeowners in North Carolina pay insurance premiums that are lower than the national average. Despite this, residents face many ...

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Illinois Home Insurance Premium Costs as low as $1038

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By: Ramu Garuda  July.04, 2019

Data collected by Gavop from the homeowners’ guides of Illinois Department of Insurance and Illinois census data shows that the average home insurance premium in Illinois is $1543. Residents of the state on an average pay 9% less than the national average of $1228. State Farm is the largest insurance provider in Illinois with an 18.6% share of the market, with premiums starting at $1240.

Residents of Mcleansboro pay the highest insurance premium ...

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New Hampshire Homeowners Insurance will increase by $964 if flood insurance is included

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By: Ajay kumar Medagani July, 02, 2019

Recent insurance data analyzed by Gavop shows that homeowners looking to buy insurance from the top companies in New Hampshire will have to pay an average premium of $964 for Homeowners Insurance. Cheaper options are also available from other firms in New Hampshire, with the lowest premium being offered by Patriot Insurance Company at $128.


Most home insurance firms exclude damage from natural disasters in their standard policies.  As a remedy, the National ...

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