In Depth Insurance News


Average Rate of Car Insurance in San Antonio, TX is $1,500

No Image

By: Gokul Menon October, 11, 2019

The average rate of car insurance in the state of Texas is $1,500. Residents of San Antonio can breathe a sigh of relief as the average is slightly lower than the state average. The population in San Antonio though, is rapidly rising. It adds almost 60 people in a day. Gavop’s research found the average cost of insurance in San Antonio is $1,375. The lowest that a car owner in San Antonio has to pay is $1,165 and the highest that one would have to pay is $1,696. The state capital of Texas,  Austin has an average car insurance rate of $1,284, while the city of Houston, pays a massive $1,512 on the same. This clearly indicates that the cost of insurance changes depending on one’s area of residence.

Continue reading


Top 5 Car Insurance Companies by Market Share in Los Angeles, CA

No Image

By: Gokul Menon October, 11, 2019

Home to over 4 million Americans, Los Angeles is the largest city in California and the second-largest city in the U.S in terms of population.The average rate of car insurance in California is $1,800. With auto insurance priced at an average of $2,076 per annum in Los Angeles, it is clear that insuring your automobile is quite expensive in Los Angeles. This is largely because a bigger population translates to a higher number of motorists on the road, which ultimately makes insurance rates more expensive. However, by comparing rates and reviews, car owners in Los Angeles can save $830 annually in car insurance costs. Using market share data gathered for Los Angeles, Gavop rounds up the top five insurance companies in Los Angeles. 

Continue reading

Anaheim, California, Homeowners can lower insurance rates by 24%

No Image

By: Hemanth Ramesh October, 11, 2019

Homeowners in Anaheim, California, pay an average homeowner's insurance rate of $1,460 per annum, which is higher than the national average of $1,228 per annum. Data analyzed by Gavop shows multiple ways in which Anaheim homeowners can lower their home insurance rates.

Constructing homes with superior fire-resistant material can help lower insurance rates for Anaheim homeowners, with insurance companies offering discounts of as much as 19%. Homeowners living in brick veneer construction can earn a discount of as much as 6% on their insurance premiums, whereas those with masonry homes can avail a discount of up to 10%.

Continue reading

Top 5 home insurance companies in Houston, Texas

No Image

By: Ajay kumar Medagani October, 11, 2019

Homeowners in Houston, Texas, pay an average homeowner's insurance rate of $689, which is considerably lower than the national average of $1,228. Gavop analyzed data published by the National Association of Insurance Commissioners (NAIC) to identify the top 5 insurance firms providing multi-peril homeowners insurance in Houston. The top 5 insurance firms together own more than half the market share in the multi-policy homeowner's insurance segment.

The following chart shows the market share in percentage held by the top 5 insurance firms in Houston.

Continue reading

Murrieta, California, homeowners insurance rates can be as cheap as $49

No Image

By: Hemanth Ramesh October, 11, 2019

According to Gavop research, homeowners in Murrieta, California, pay an average homeowner's insurance rate of $1,410 per annum, which is higher than the national average of $1,228. The typical home value in Murrieta is around $299,500.

Murrieta reports about 1,005 homes valued at less than $50,000. These homeowners pay an average homeowner's insurance rate of $49 per annum.

Continue reading

Milwaukee, Wisconsin, homeowners can qualify for lower home insurance rates. Here’s how!

No Image

By: Ajay kumar Medagani October, 10, 2019

According to a Gavop analysis, homeowners in Milwaukee, Wisconsin, pay an average homeowner’s insurance rate of $819 per annum. This is because the crime rate in Milwaukee is considerably higher than the national average in America. The city annually reports about 2,940 robberies and over 23,131 property crimes. In fact, a resident of Milwaukee has a 1 in 18 chance of becoming a victim of a violent or property crime. However, metropolitan areas in Milwaukee have a much lower property crime rate. Reasons for this include better education rates, quicker response times by the police departments, and higher standards of living.

Continue reading

Fremont, California, homeowners insurance rates can be as cheap as $26

No Image

By: Hemanth Ramesh October, 10, 2019

According to data analyzed by Gavop, homeowners in Fremont, California, pay an average homeowner's insurance rate of $2,630 per annum, which is higher than the national average of $1,228. The typical home value in Fremont is about $559,700.

There are about 876 homeowners in Fremont whose homes are valued less than $50,000. These homeowners pay an average homeowner's insurance rate of $26 per annum.

Continue reading

Hialeah, Florida, homeowners can lower home insurance rates by $227

No Image

By: Ajay kumar Medagani October, 10, 2019

According to a study by Gavop, homeowners in Hialeah, Florida, pay an average homeowner's insurance rate of $900 per annum. Hialeah annually experiences about 157 robberies and more than 5,349 property crimes. Generally, higher crime rates translate into higher insurance costs. Compared to other communities of similar population size, the crime rate in Hialeah is higher than the national average.

Hialeah’s property crime rate is 22 per one thousand population. This means the residents of Hialeah have an above-average chance of becoming a victim of property crime compared to other communities of all population sizes in America.

Continue reading

New Orleans, Louisiana, homeowners can save up to 29% on home insurance

No Image

By: Hemanth Ramesh October, 09, 2019

Data analyzed by Gavop reveals that homeowners in New Orleans, Louisiana, pay a homeowner's insurance premium of $920 per annum, which is lower than the national average of $1228. There are multiple ways New Orleans 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 6% 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 19% discount.

Continue reading

Top 5 Homeowners Insurance companies in Spokane, Washington

No Image

By: Ajay kumar Medagani October, 09, 2019

According to a study by Gavop Spokane, Washington, homeowners pay an average home insurance rate of $1,196, which is marginally lower than the national average of $1,228. Gavop examined data from a 2019 market share report published by the National Association of Insurance Commissioners (NAIC) to identify the top 5 insurance firms providing home insurance in Spokane.

Continue reading

Manchester, NH, Average Car insurance Rate Is $1383

No Image

By: Shravya Reddy October, 09, 2019

Car insurance rates in Manchester is $271 more expensive than the state average of $1112 in New Hampshire. Research done by Gavop found that the average car insurance premium in Manchester is $1383 per year. In comparison, drivers in New Boston, NH, pay a yearly average car insurance premium of $690. Residents in Bow, NH, will find car insurance rates lower by $563 in comparison to Manchester. Moreover, a short distance away, in Raymond, NH, the prices are slightly lower than Manchester at $1290.

Continue reading