Research & Analysis on Homeowners Insurance Cost

Long Beach homeowners insurance rates can be as cheap as $31

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By: Hemanth Ramesh September, 23, 2019

According to Gavop research, homeowners in Long Beach, California, pay an average homeowner's insurance rate of $1,630 per annum, which is much higher than the national average of $1,228. The typical home value in Long Beach is around $381,000.

Long Beach reports about 1,659 homes valued at less than $50,000. These homeowners pay an average homeowner's insurance rate of $31 per annum.

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Portland, Oregon Homeowners Insurance Rates Can Be As Cheap As $36

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By: Hemanth Ramesh September, 17, 2019

Research by Gavop shows that homeowners in Portland, Oregon, pay an average homeowner's insurance premium of $1,610 per annum, which is higher than the national average of $1,228. The typical home value in Portland is around $288,300.

There are about 3,923 homes in Portland with a home value of less than $50,000. Homeowners of these homes pay an average homeowner’s insurance rate of $36 per annum.

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Boston homeowners insurance rates can be as cheap as $63

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By: Ajay kumar Medagani September, 12, 2019

According to Gavop research, homeowners in Boston, Massachusetts, pay an average homeowner's insurance rate of $1,720 per annum, which is higher than the national average of $1,228. The typical home value in Boston is about $374,700.

There are about 1,034 homeowners in Boston whose homes are valued less than $50,000. These homeowners pay an average homeowner's insurance rate of $63 per annum.

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Seattle homeowners insurance rates can be as cheap as $119

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By: Hemanth Ramesh September, 06, 2019

According to Gavop research, homeowners in Seattle, Washington, pay an average homeowner's insurance rate of $1,260 per annum, which is slightly higher than the national average of $1,228. The typical home value in Seattle is around $381,000.

Seattle reports about 371 homes valued at less than $50,000. These homeowners pay an average homeowner's insurance rate of $37 per annum.

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Phoenix homeowner's insurance rates can be as low as $86

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By: Hemanth Ramesh September, 02, 2019

According to research by Gavop, homeowners in Phoenix, Arizona pay an average homeowners’ insurance premium of $910 per annum, which is $319 less than the state average of $1228.  The typical home value in Phoenix is around $174,400.

About 55,611 homes in Phoenix have a home value of less than $50,000. Homeowners with homes valued less than $50,000 pay an average homeowner’s insurance rate of $86 per annum.

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Top 5 Companies Offering the Cheapest Homeowners Insurance in Louisiana

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By: Hemanth Ramesh August, 19, 2019

Which insurance firms in Louisiana offer the cheapest homeowners insurance under an HO-3 policy? To answer this question, Gavop analyzed data for brick veneer homes valued between $100,000 and $300,000 with a $500 deductible rate.

United Fire and Indemnity offers the cheapest homeowners insurance in Louisiana. The premium rate for the homeowner with a home valued at $100,000 is $465 per annum under an HO-3 policy. The deductible rate is $500 per annum. Shreveport, in particular, reports the lowest homeowner’s insurance rate offered by United Fire and Indemnity.

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Massachusetts homeowners pay an additional $1,563 for flood insurance

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By: Hemanth Ramesh August, 13, 2019

According to a Gavop analysis, Massachusetts homeowners pay an average flood insurance premium of $1,563 in addition to the average homeowners insurance rate of $1,379.

The National Flood Insurance Program (NFIP) ensures that more than 330 communities in Massachusetts that have agreed to enforce and adopt floodplain management ordinances receive federally backed flood insurance. The Legal Information Institute defines community as a state or political subdivision thereof that has zoning and building code jurisdiction over a particular area with a special flood hazard status.

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Massachusetts homeowners pay an additional $1,200 for hurricane insurance

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By: Ramu Garuda  August, 05, 2019

According to a Gavop study, Massachusetts’ homeowner pay an average homeowners insurance rate of $1,375. Massachusetts is one of the 19 states in the country with a mandatory hurricane deductible. The average premium rate for a hurricane insurance policy in Massachusetts is as much as $1,200 per annum.

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Georgia’s Homeowners Save about $1,774 between the Cheapest and Most Expensive Insurance Rates

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By: Hemanth Ramesh August, 01, 2019

Georgia’s homeowners can save $1,774 if they choose the right insurance firm. A Gavop study shows that Farmers offers the lowest insurance premium of $1,180, while Travelers quotes the highest at $2,954. USAA has the highest market share of 10%.

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Flood Insurance in Florida Costs as Little as $150

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By: Hemanth Ramesh August, 01, 2019

Florida experiences a higher risk of flooding because of its close proximity to the water, both inland and near the coast. Data collected by Gavop suggest that the average flood insurance policy in Florida cost $545 on average per annum. Depending on the location of the property, flood insurance rates vary from $150 to $2,000.  Typical homeowners insurance policies, however, do not cover damages caused by floods. The average homeowners insurance costs $3,575, which is higher than the national average of $1,228.

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