FOSTER CITY, Calif., March
31, 2020 /PRNewswire/ -- The highest homeowners' insurance
rates in the nation belong to ZIP code 33070, home to Islamorada
Village of Islands, on Plantation
Key in Florida, according
to Insurance.com's analysis of average rates for nearly every
ZIP code in the country.
ZIP codes in Louise, Texas and
Mobile, Alabama rank second and
third, respectively, according to Insurance.com, an independent
consumer guide to insurance.
Homeowners can enter a ZIP code in Insurance.com's average
home insurance rates tool to see the average premium for
the location, as well as the highest and lowest rates from among
six insurers. You can get a customized rate by choosing from among
10 coverage levels, so you know what to expect to pay and can see
how much you can save by comparing home insurance companies.
Home insurance companies consider many factors when setting
rates. Chief among them are your home's location, which reflects
its exposure to hazards, such as storm damage, wild fires,
burglaries and so on, your home's value and the cost to rebuild it,
as well as your credit history, in states that allow that
practice.
"Rates can fluctuate significantly from state to state, or even
neighborhood to neighborhood, depending on how insurers assess the
various things they look at," said Michelle
Megna, editorial director of Insurance.com. "That's why,
regardless of where you live, if you don't compare rates, you can
wind up overpaying by hundreds, sometimes thousands, of
dollars."
Top 5 most expensive locations for home insurance rates are:
ZIP
Code
|
State
|
City/Town
|
Average Annual
Rate
|
33070
|
Florida
|
Islamorada Village of
Islands
|
$6,295
|
77455
|
Texas
|
Louise
|
$5,911
|
36619
|
Alabama
|
Mobile
|
$5,752
|
73016
|
Oklahoma
|
Cashion
|
$4,966
|
67752
|
Kansas
|
Quinter
|
$4,666
|
The 5 cheapest locations for home insurance are:
ZIP
Code
|
State
|
City/Town
|
Average Annual
Rate
|
96859
|
Hawaii
|
Honolulu
|
$490
|
93445
|
California
|
Oceano
|
$881
|
05404
|
Vermont
|
Winooski/Burlington
|
$1,107
|
20854
|
Maryland
|
Potomac
|
$1,144
|
77514
|
Texas
|
Anahuac
|
$1,148
|
Rankings for the priciest ZIP codes were determined by
identifying the ZIP code with the highest average rate for home
insurance in each state and then listing them in descending order.
For the cheapest ZIP codes, rankings were determined by identifying
the ZIP code with the least expensive average rate for home
insurance and then listing them in ascending order.
For the full insurance guide, survey results and expert tips,
you can read an overview here, entitled Average Home Insurance
Rates.
About Insurance.com
Insurance.com is owned and operated by QuinStreet, Inc. (Nasdaq:
QNST), a pioneer in delivering online marketplace solutions to
match searchers with brands in digital media. QuinStreet is
committed to providing consumers and businesses with the
information and tools they need to research, find and select the
products and brands that meet their needs. Insurance.com is a
member of the company's expert research and publishing
division.
Insurance.com is a trusted online resource dedicated to
educating consumers on auto, home, health and life insurance,
developing relationships directly with carriers to offer consumers
comparison rates from multiple companies. Since 2001,
Insurance.com's industry-first online tools, data-based reporting
and experienced experts have helped consumers make informed
insurance-related decisions, so they can choose the right insurance
for their individual needs.
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Media Contact
For CarInsurance.com
Liberty Communications for QuinStreet
Rick Judge, 415-429-5652
QuinStreet@libertycomms.com
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SOURCE Insurance.com