"The conditions that produce expensive home insurance rates for anyone, regardless of income level, may be exacerbated in low-income areas," said Andrew Hurst of ValuePenguin.com. (Credit: Mark/Adobe Stock)
On average, homeowners in low-income areas pay $117 more for home insurance than residents in wealthier districts, a trend that is more pronounced in the largest cities in 34 states, according to ValuePenguin.com.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
