By: Ramu Garuda September, 05, 2019
Homeowners in Detroit, Michigan, pay an average homeowner's insurance rate of $350 per annum according to a Gavop study. Detroit has one of the highest crime rates compared to other neighborhoods in America. The city reports about 2,640 robberies annually and over 30,609 crimes targeting properties. In fact, a resident of Detroit has a one in 15 chance of becoming a victim of either violent or property crime. Another possible reason for property crimes in Detroit is the low density of inhabitants, resulting in numerous vacant properties. Most of these neighborhoods are located in the northeast and the fringes of the city.