Data-Driven News on Home Insurance Discounts

Colorado Springs’ homeowners can save $168 on insurance rates

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By: Ajay kumar Medagani September, 20, 2019

According to a Gavop analysis, homeowners in Colorado Springs, Colorado, pay an average homeowner's insurance rate of $920 per annum. This is possibly because the crime rate in Colorado Springs is considerably higher than the national average for communities of all sizes in America. The city annually reports about 483 robberies and over 15,309 property crimes. In fact, a resident of Colorado Springs has a one in 30 chance of becoming a victim of a violent or property crime. However, metropolitan areas in Colorado Springs have a much lower property crime rate. This is possibly due to better education rates, quicker response times by the police departments, and higher standards of living.

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Las Vegas Homeowners Can Save up to 20% on Home Insurance Costs

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By: Ajay kumar Medagani September, 18, 2019

Homeowners in Las Vegas, Nevada, pay an estimated homeowner’s insurance premium of $970 per year, which is lower than the national average of $1228. This is due to factors such as low crime rates, better response times from the fire departments, and few possibilities of natural disasters in Las Vegas. While living in Las Vegas has its perks, homeowners can also do their bit to make their homeowner's insurance rates cheaper.

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Memphis, Tennessee Homeowners can lower Insurance Rates by $148

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By: Hemanth Ramesh September, 13, 2019

Homeowners in Memphis, Tennessee, pay an average homeowner's insurance premium of $560 per annum, which is much lower than the national average of $1,228 per annum. This is possibly because metropolitan cities have lower crime rates, report better response time by the fire department, and are less prone to natural disasters.

Constructing homes with superior fire-resistant material can help lower the insurance rates for Memphis homeowners, with insurance companies offering discounts of as much as 27%. Homeowners living in brick veneer constructions can earn a discount of as much as 4% on their insurance premiums, whereas those with masonry homes can get a discount of up to 10%.

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Denver’s Average Homeowners Insurance Rate is $1,230 per annum

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By: Ajay kumar Medagani September, 11, 2019

In Denver, Colorado, the average homeowner's insurance premium is $1,230 per annum, which is almost equal to the national average of $1,228 per annum.

Constructing homes with superior fire-resistant material can help Denver homeowners lower their insurance rates, with insurance companies offering discounts of as much as 19%. Homeowners living in brick veneer constructions can get a discount of up to 3% on their insurance premiums, whereas those with masonry homes can get a discount of as much as 13%.

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San Francisco homeowners can save up to 23% on their home insurance

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By: Hemanth Ramesh September, 10, 2019

Homeowners in San Francisco, California, pay a homeowner's insurance premium of $1,650 per annum, which is higher than the national average of $1228. There are multiple ways San Francisco homeowners can lower their homeowner's insurance rates.

One way is by ensuring that all construction on the property is fire resistant. Homeowners with brick veneer homes get earn up to a 5% discount on their homeowner's insurance and those with masonry constructions get a discount of up to 8%. Homeowners with homes constructed using superior fire-resistant construction materials get as much as a 23% discount.

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San Antonio homeowners can save up to 26% on home insurance costs

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By: Ramu Garuda  September, 03, 2019

Homeowners in San Antonio pay an estimated homeowner’s insurance premium of $620 per year, which is much lower than the national average of $1228. This is due to factors such as low crime rates, better response times from the fire departments, and few possibilities of natural disasters in San Antonio. While living in San Antonio has its perks, homeowners can also do their bit to make their homeowner's insurance rates cheaper.

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San Diego homeowners can pay 22% less on their insurance rates

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By: Ramu Garuda  August, 30, 2019

Residents of San Diego, California, pay an estimated homeowner’s insurance premium of $620 per annum, which is much lower than the national average of $1228. This is due to multiple factors such as a lower crime rate, better response times from the fire departments and low risks of natural disasters in San Diego. While living in the city has its benefits, San Diego homeowners can make their insurance rates even cheaper by following some tips.

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Los Angeles Homeowners Insurance Rate Is $573 Lower Than the National Average

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By: Ramu Garuda  August, 28, 2019

Homeowners in Los Angeles pay an estimated homeowner’s insurance premium of $655 per annum, which is significantly lower than the national average of $1228. This is due to factors such as lower crime rates, better response times from the fire departments and lower chances of natural calamities striking Los Angeles.

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New York City Homeowner's Insurance at $673 per annum

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By: Ramu Garuda  August, 26, 2019

Homeowners in New York City pay an average homeowner's insurance premium of $ 673 per annum, which is much lower than the national average of $1228 per annum. This could be due to the fact that metropolitan cities have lower crime rates, better response times from the fire department, and are less prone to natural disasters.

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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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