Latest Real Estate & Housing News & Research


The Cheapest Texas Home Insurance Rates Start at About $800

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By: Ajay kumar Medagani June, 19, 2019

Gavop recently analyzed home insurance premiums throughout Texas—to examine how insurance rates vary across counties and to identify insurers who charge some of the lowest premiums in the state. Gavop also found the cheapest premiums in each of the top five most populated counties. The results showed that insurance rates in the state start at $797, which is offered by National Specialty Insurance Company in Dallas. Across the five biggest counties, the lowest rates are offered by Allstate Vehicle and Property Insurance, ASI Lloyds, American Security Insurance, Nationwide General Insurance, and Texas ...

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In Florida, Home Insurance Rates Vary Widely Between Top Counties

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By: Ramu Garuda  June.18, 2019

In an extensive study of home insurance rates across major counties of Florida, Gavop found that the providers charging low-end premiums  are Florida Farm Bureau Casualty Insurance, First Protective Insurance Company, Citizens Property Insurance Corporation, and American Traditions Insurance Company. On the other hand, Auto Club Insurance Company of Florida, Universal Insurance Company of North America, and American Integrity Insurance Company of Florida are the high-end providers in the same counties.

For this analysis ...

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Home Insurance in California Increases by About $2,800 to Cover Earthquake Damage

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By: Ajay kumar Medagani June, 17, 2019

The state of California is endowed with a variety of geographical features—mountains, fertile plains, deserts and extended coastlines. While they add to the state’s scenic beauty, they are also associated with many natural disasters such as wildfires, earthquakes, floods, and mudslides, including some of the most disastrous ones in recent years. A standard insurance policy in the state mostly provides coverage for fire-related damages, and insurance buyers have to buy additional ...

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Home Insurance Rates in Pennsylvania Show a Difference of About $1000 Among Top Companies

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By: Ramu Garuda  June.14, 2019

As part of a recent survey on home insurance rates in Pennsylvania, Gavop analyzed the annual report published by the National Association of Insurance Commissioners to rank the top home insurance providers by market share and premium offered. Gavop found that Truck Insurance Exchange, a subsidiary of Farmers Insurance Group, offers the cheapest median premium at $1,011. It is, in fact, $216 less than the state median of $1,227. State Farm follows ...

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Home Insurance Rates in Texas Swing Wildly by the Type of Construction Material Used

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By: Ajay kumar Medagani June, 13, 2019

Numerous factors influence home insurance premiums including location, square footage, type of roof, floor material, and bathroom and kitchen finishing. However, in some locations such as Texas, the type of construction material significantly impacts one’s home insurance. In an extensive research on fluctuations in home insurance rates in Texas, Gavop shows that brick and stucco houses are considerably cheaper than frame construction ones. For brick and stucco houses, the median premium is ...

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Home Insurance Rates in New York State Vary Greatly by City

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By: Ramu Garuda  June.12, 2019

Gavop conducted a recent study on homeowners insurance premiums in New York and found that the state average at $1,137 is relatively less than the national average of $1,288. Gavop also ranked the 41 cities of the state according to their average yearly cost for home insurance.

The table below shows the yearly cost along with the average home value—an important factor for deciding home insurance rates—for all these cities ...

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Home Insurance Rates in Florida Swing by a Margin of $1,307 Between the Cheapest and Most Expensive Providers

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By: Ajay kumar Medagani June, 11, 2019

Gavop’s recent study on home insurance quotes in the state of Florida shows that, on average, homeowners pay a higher insurance premium ($1,772) than the national average ($1,288). However, there is a wide variation in premiums between the cheapest and most expensive providers in the state. In an analysis on home insurance rates with a $200,000 dwelling coverage, $100,000 liability, and $500 deductible, Gavop finds that Security First ...

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Home Insurance Rates in Louisiana Are Greatly Influenced by Homeowner’s Proximity to Flood Prone Areas

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By: Ramu Garuda  June.10, 2019

In a study of home insurance quotes in Louisiana, Gavop found that the average in the state is $1,967, much higher than the national average of $1,218. The geographical location of the state makes it susceptible to some  of the worst natural disasters in the country. These risks lead to higher insurance rates. Data reveal that in recent years, Louisiana homeowners have suffered heavy losses from natural disasters. According to the Insurance ...

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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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In Layton, Utah, Home Insurance Rates Differ by as Much as $710

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By: Ajay kumar Medagani June, 05, 2019

A recent Gavop survey on home insurance rates in Layton, Utah revealed that a typical home in the city is valued at $206,600, the median insurance rate is $1,120, and the savings between the 25th and 75th percentile in insurance premiums is $710.

Layton, with an estimated population of 80,000, is located in Davis County, Utah. To provide a comprehensive analysis of the home insurance market, Gavop examined typical home ...

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