Data-Driven News on Home Insurance Discounts

Pennsylvania homeowners can increase their savings through home insurance discounts

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By: Ramu Garuda  August, 16, 2019

Pennsylvania’s homeowners pay an average homeowner's insurance rate of $1,227 per annum, which is on par with the national average of $1,228 per annum. The average property cost in Pennsylvania is about $154,164. Langhome reports the highest average home insurance rate of $1,741 per annum.

Insurance companies account for multiple factors when calculating a homeowner’s insurance rate. Many of these factors are out of the homeowners’ control such as the age of home, probability of natural disasters, age of the home, and property location.

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Is AAA home insurance good for Michigan’s homeowners?

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By: Ramu Garuda  August, 12, 2019

Situated at the heart of the American auto manufacturing industry, the American Automobile Association (AAA) owns a 14.1% share of the homeowner's insurance market in Michigan under the brand Auto Club Insurance Association. Unfortunately, it is compulsory to be a AAA member to even get a quote for AAA homeowners insurance in Michigan. Nevertheless, a AAA membership comes with its benefits.

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Massachusetts’ homeowners can save more than 50% through discounts by top companies

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By: Ramu Garuda  August, 01, 2019

Massachusetts’ homeowners pay an average homeowners rate of $1,190. West Tisbury, Aquinnah, Siaconset, and Nantucket are the most expensive ZIP codes in Massachusetts. Nantucket has the highest homeowners premium of $2,972, whereas the City of Melrose reports the lowest premium of $1,236. Boston city has an average homeowners premium of $2,120.

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Ohio homeowners can save 10% by bundling home and car insurance

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By: Ramu Garuda  July, 31, 2019

Ohio’s homeowners can save as much as $95 or 10% by bundling their home and auto insurance. They can also avail of a multi-policy discount by bundling other insurance policies purchased from the same company. Some of the policies Ohio’s homeowners can bundle include

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New York homeowners can save as much as 60% in flood insurance by building elevated homes

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By: Hemanth Ramesh July, 30, 2019

Natural disasters have been a rare phenomenon in New York. However, in 2012, Hurricane Sandy flooded numerous streets, tunnels, and subways in many areas of New York.

According to the New York Department of Environmental Conservation, a $250,000 limit of building coverage along with a contents coverage limit of $100,000 is available for residential buildings with single families and a $500,000 limit is available for commercial buildings and its contents.

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Illinois homeowners can save $114 by bundling home and auto insurance

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By: Ramu Garuda  July, 29, 2019

According to a Gavop study, Illinois’ homeowners can reduce their insurance costs by bundling their home and auto insurance. Bundling car and home insurance with the same insurance provider can help homeowners save $76-$114 on average. Most insurance firms offer discounts to customers who insure more than one vehicle with them.

Homeowners can also bundle their homeowners insurance with their life, business, and boat insurance provided by the same insurance firm. It is advisable that homeowners speak to their insurance providers about potential bundling options. Multi-vehicle discounts on bundling are also available for trucks, sports vehicles, and RVs.

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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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Texas Homeowners Can Save up to $850 by Buying Insurance From the Cheapest Provider

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By: Ajay kumar Medagani June, 07, 2019

Gavop studied home insurance premiums in the state of Texas and found that homeowners can save up to $849, depending on the company they buy from. To calculate savings Gavop analyzed the state median premiums for two types of houses: those aged between 0 and 14 years and those between 25 and 50 years.

For houses aged between 0 and 14 years, the median premium in the state is $1,689. However, American ...

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California Homeowners Can Save About $1700 in Insurance by Comparing the Cheapest to the Most Expensive Quotes

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By: Ramu Garuda  June.06, 2019

Gavop analyzed home insurance rates in California and found that the cheapest and the most expensive premiums vary by a margin of $1,708. For this analysis Gavop considered a standard deductible of $500. A deductible is the amount that a homeowner agrees to pay out of their pocket in the event of a claim. For example, if your claim amount is $1,500 and the deductible amount in your policy is $500, then ...

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