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Parma, OH Home Values & Insurance Rates

Parma, OH Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 782 3.0% $140
$60,000 to $69,999 333 1.0% $371
$70,000 to $79,999 667 2.0% $427
$80,000 to $89,999 1,536 6.0% $483
$90,000 to $99,999 2,625 10.0% $546
$100,000 to $124,999 7,498 29.0% $630
$125,000 to $149,999 5,713 22.0% $792
$150,000 to $174,999 3,218 12.0% $932
$175,000 to $199,999 1,162 4.0% $1079
$200,000 to $249,999 960 3.0% $1296
$250,000 to $299,999 258 1.0% $1584

Parma Renters Insurance as a Percentage of Rent

Parma Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 127 1.0% $798
$300 to $499 256 3.0% $1248
$500 to $749 3,959 49.0% $1923
$750 to $999 2,030 25.0% $2673
$1,000 to $1,499 1,418 17.0% $3798
$1,500 or more 114 1.0% $5448

Example Parma Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company State FarmNationwide InsuranceAllstate
Monthly Premium 3042129
Year Built 196319771989
Home Details 3 Beds, 2 Baths4 Beds, 3 Baths5 Beds, 3 Baths
Coverage Amount $100000-$125000$150000-$175000$400000-$500000
Deductible $500 Deductible$5000 to $10,000 Deductible$2500-$5000 Deductible

Top Home Insurance Agents Near Parma, OH

Home Insurance Company Near Parma, OH Homeowners Insurance Agency Near Parma, OH Address Distance from Parma, OH (miles)
Insurance Center Of Akron 1099 S Cleveland Massillon Rd , Akron, OH, 44321 19.5
State Farm Mark Nitz 373 Wooster Rd N, Barberton, OH, 44203-2335 26.0
Travelers Platinum Insurance & Financial Services Llc 56 Milford Dr Ste 302, Hudson, OH, 44236 17.6
State Farm Valerie A Anderson 2291 Lee Road, Cleveland Heights, OH, 44118-3447 11.5
Erie Wagner Insurance Group Llc 9696 Columbia Road, Olmsted Falls, OH, 44138 9.4


Estimated Home Insurance By Street Area Near Parma, OH

Parma Area Estimated House Insurance
Nelson Dr, Hidden Valley Ln, Thoreau, Wolf Ave, Chevrolet Blvd, Buckingham Dr, Saint Petersburg Dr, Avalon Dr, Fruitland Dr, Woodbury Hills Dr$723
Wexford Ave, Johnson Dr, Green Acres Dr, Woodrow Ave, Millerwood Ln, Neil Dr, Wood Ave, Lynett Dr, Jameson Rd, Robinhood Dr$713
Hauserman Rd, Green Valley Dr, Wales Ave, Bauerdale Ave, Fenway Dr, Covington Ave, Mayberry Dr, Fleger Dr, Southington Dr, Trevor Ln$715
Marko Ln, Heresford Dr, S Linden Ln, Hetzel Dr, Alexander Dr, Pinegrove Ave, Norris Ave, Stanbury Rd, Augustine Dr, Fort Myers Ct$723
Holburn Rd, Charles Ave, Wake Robin Dr, Hearthstone Rd, Sharon Dr, Wainstead Dr, North Ave, Dell Haven Dr, Manassas Oval, N Church Dr$713

Parma, OH Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,700$4,700
Yearly Parma Homeowner Insurance Premium Example $1,600$1,000
Out of Pocket Expense During Claim$1,700$4,700
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $12,900$11,700
Net Savings to Parma Home Owner from High Deductible Plan $1,200

Parma, OH Home Insurance Costs With Home Replacement Value Scenarios

Scenario Parma, OH Home Replacement Value MORE than Home Value Parma, OH Home Replacement Value LESS than Home Value
Replacement Value $153,000 $91,500
Insurance Premium based on Replacement Value $625 $375
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $32,000 Risk Exposure from Under Insuring Coverage is $29,500
Premium Impact Insurance cheaper by $125/year Insurance costlier by $125/year