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.

By: Ramu Garuda  August, 14, 2019

A Gavop analysis shows that Georgia’s homeowners pay an average homeowner's insurance premium of $1,103, which is 10% lower than the national average of $1,228.

The following table shows that the average insurance rate increases with a rise in coverage amount for all policy types. In addition, the insurance rates for dwelling fire premiums are significantly lower than those for the five 5 homeowner’s policy types.

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.

By: Ramu Garuda  August, 08, 2019

Homeowners in Arizona pay an average homeowners insurance rate of $803 per annum, which is much lower than the national average of $1,228 per annum. The total written premiums by insurance firms under Arizona’s homeowner's multi-peril segment amount to $1,610,131,044 for 2017.

By: Ramu Garuda  August, 07, 2019

Homeowners in Texas pay an average homeowners insurance rate of $1,945, which is considerably higher 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 Texas. These top 5 insurance firms together own more than half the market share in the multi-policy homeowners insurance segment.

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.