If you are considering getting car insurance in Taylor Creek, Ohio, there are several factors you should keep in mind. Among them are the median policyholder's age, the number of policyholders and the health care spending per capita in the city. These factors will help you to find an affordable insurance policy for your car.
Average cost of car insurance in Taylor Creek, Ohio
If you are looking for the average cost of car insurance in Taylor Creek, OH, you are in luck. This small city is located in Hamilton County and has a population of 3,336. Compared to the state average of $31,572 and the national average of $38,433, Taylor Creek, OH is not that expensive. This is because the cost of living in the area is lower. The Economic Policy Institute, a nonprofit organization that tracks cost of living statistics, estimated the cost of living in over 29,000 US cities and towns.
The median property value in Taylor Creek, OH is $254,700. This is higher than the national average of $229,800. Also, the homeownership rate is higher at 90%, compared to the national average of 64.4%. Additionally, 94% of Taylor Creek, OH households have health insurance. The majority of these households have employee plans, while 14.7% are covered by Medicaid. The remaining 9.86% of households have non-group plans, or military or VA coverage.
Another factor that affects car insurance rates is your driving record. For example, recent at-fault accidents can raise your premiums significantly. Drivers with recent accidents can expect to pay approximately $1,358 per year for full coverage. Additionally, DUI convictions are considered high risk, and can increase your rate by up to $1,524 per year.
The first step in lowering your insurance rate is comparing rates. You should contact several insurance firms and compare quotes for the same model and make. You can also lower your rates by raising your deductibles or dropping coverages you don't need.
Age of median policyholders
When you're shopping for car insurance, consider what your age and gender have to do with it. Generally, people of the same age have similar insurance costs. However, women pay slightly more than men on average, or about $18 extra per year. This gap begins to close as you approach your forties, but it remains substantial for younger drivers. For example, 20-year-old male drivers pay about 8% more than 30-year-old men. This is largely due to the fact that young male drivers are more likely to be involved in car accidents than females.
While age is a significant factor in car insurance rates, other factors also influence costs. The type of vehicle you drive is also a determining factor. Those driving Teslas may pay up to 70% more than their coworkers. Additionally, car safety ratings and average repair costs are factors that affect insurance costs.
Health care spending per capita in Taylor Creek, Ohio
Health care spending per capita in Taylor Creek, OH is higher than the national average, which means that residents have more access to quality care. The town has a young population with a median age of 58.9 years and a workforce composed of more educated individuals. This means that health care is an important expense for the residents.
Number of policyholders in Taylor Creek, Ohio
Health insurance is important regardless of location. A city like Taylor Creek, Ohio, has more than thirteen percent of its residents without coverage, making it important to have a health insurance policy. The following stats help us understand the health status of the population in this city. One of the most important factors is the average age of residents.
In Taylor Creek, the median age is 58.9. This makes it the perfect place to start a tech company. The area also has a young population, with just nine percent of residents over the age of 60. It is important to have insurance coverage in Taylor Creek if you plan on operating a business in the area.
Average household income in Taylor Creek, Ohio
Taxes vary widely from city to city, but the average tax burden in Taylor Creek is $4,393 per adult. The state of Ohio has a low tax burden overall. Per capita collections of state taxes are $2,492 per person per year. Taylor Creek's median household income is $4,366.
Taylor Creek, Ohio has a population of 1,356 households, 982 family households and 374 non-family households. The median number of people in a household is 2.39. The median household income in Taylor Creek is higher than the national average. It is 98th percentile above the median income in the United States.
The majority of the population in Taylor Creek, OH is White. However, people from Black, Hispanic, and Native American backgrounds are also represented. The majority of Taylor Creek residents have at least a high school diploma. However, nearly a quarter of residents have more than a bachelor's degree. The table below provides detailed information on the socioeconomic conditions of residents in Taylor Creek, Ohio.
The median home value in Taylor Creek, OH is $371,224. This is higher than the national median of $229,800. However, despite the higher price of the real estate in Taylor Creek, OH, the average rent is $1,247. The median rent is lower than the national average of $1,300. The median age of the population is 42.1. Most residents of Taylor Creek, OH have health insurance coverage through their employers.
The average household income in Taylor Creek is $13,398 per adult. This is an extremely affordable area for a young family to raise a family. This is a good place for a tech startup or a new business. The median commute time is only 24.9 minutes.