US Home insurance: what is the price difference between old and new housing?
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You could imagine that insuring a new home was cheaper than insuring an old property. A study carried out by the comparator LeLynx shows us in detail the average price differences according to the floors, and the surface of the goods.
On average, providing new housing costs around 157 euros per year, compared to 167 euros for the old one. This is what emerges from a study * published in early March by LeLynx.fr. These price differences vary mainly according to the surface of the accommodation, and their floor. For properties between 9 and 20 square meters, thus, insurance will average 87 euros per year for new homes, against 91 euros for old homes. Or only 4 euros of average difference per year. As the area increases, however, the price differentials on insurance widen. For apartments of 40 to 50 square meters, the average difference will be around 8 euros (116 euros per year in the new versus 124 euros per year in the old). And for homes with an area between 100 and 150 square meters, the average price difference will be 18 euros.
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The floors have little impact on the price of insurance
LeLynx.fr has finally compared the differences in insurance prices according to the floors where the apartments are located. These are pretty tiny, the study shows. Regarding new apartments, it takes on average 129 euros per year to insure a property on the top floor, 130 euros per year for an intermediate floor, and around 134 euros per year for accommodation on the ground floor. Regarding old properties, the differences are also very slight: 130 euros per year on average to provide accommodation on the top floor and on the ground floor. Counterintuitively, the intermediate floors are the most expensive to insure: 138 euros per year on average. This is explained, reports LeLynx.fr, by the fact that the apartments at the ends of the building are often smaller in size. We think, for example, of the maids' rooms located in the attic. These homes are therefore ultimately less expensive to insure than the others.
* Methodology: the average price according to the surface, the floor and the type of housing is based on the home insurance premiums clicked by Internet users who have carried out a home insurance comparison on the lelynx.fr site of the 09/01/2019 to 08/31/2020 for a house or an apartment, new or old, for a total of 228,597 prices clicked over the period for the whole of metropolitan France.
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