There are many factors to consider when comparing car insurance rates in East Cleveland, Ohio. First, you must determine what level of coverage you need. Some people need full coverage while others are just fine with the minimum amount. You should also figure out what discounts are available. These factors can affect the amount of money you spend on car insurance.
Average household income in East Cleveland, Ohio
The average household income in East Cleveland, Ohio is $55,078. There are many factors that contribute to a family's financial health. For example, the amount of rent a family pays is a great indicator of its financial health. If a household's rent is higher than its income, that means it is experiencing more financial stress. However, there are programs that can help a family make ends meet.
According to the census, the population of East Cleveland, Ohio is around 17k people, with a median age of 40.8. Despite the high unemployment rate, there are still plenty of jobs available in the area. Almost a quarter of residents are employed by the government, and 14.8% are unemployed. While this number is low compared to the national average, the income per household is still above the US average. The area's taxes are also quite reasonable, with sales tax of 8.0% and income tax of 5.5%. The cost of living in East Cleveland is moderate compared to many areas in the country.
Among the industries with the highest employment rates in East Cleveland, OH are health care & social assistance, accommodation & food services, and administrative & support services. Residents of East Cleveland, OH have lower than average commute times when compared to other areas of the country. They also commute at a lower rate than the national average, with only 1.35% of workers experiencing a super commute.
East Cleveland has a median annual income of $22,426, which is slightly below the national average. Residents in the 25-to-44 age group earn $28,438 per year, while people over the age of 65 earn $21,414. There are 12,411 housing units in East Cleveland, with 8,063 units being owned by their owners. In the city, there are high-income and low-income neighborhoods. The higher income areas are located in the southeast and northeast portions of the city.
Almost one-third of the residents of East Cleveland, Ohio have never been married. In addition, one-third of American citizens are 15 years old or younger. In addition to this, 8.1% of the 18+ civilian population in East Cleveland is a veteran.
Average car ownership in East Cleveland, Ohio
According to the United States Census Bureau, the average household has one car in East Cleveland, Ohio. This is less than the national average of 64.4% and is lower than the average for its parent and neighbor geographies. In addition, the average commute time is 25.2 minutes, and most people in the area commute alone.
While most residents in East Cleveland drive their own vehicle to work, a large portion also use public transportation. Moreover, 18.1% of residents carpool with coworkers or friends. This proves that having a car is convenient for many. The median price of a car in East Cleveland is $31,600.
A majority of residents in East Cleveland, OH are US citizens. While this percentage has dropped over the past few years, the city is still home to many military personnel. Among them, a high percentage of people in East Cleveland, OH served in the Vietnam war. As a result, a large percentage of the population is considered a minority, with many members of the military being from other countries.
The median income in East Cleveland, OH is $22,426 per household. This is lower than the state median of $64,994. However, residents aged 25 to 44 earn $28,438 per year. Those 65 and older earn $21,414 per year. The city has twelve thousand two hundred and fifty-one households, and 8,063 of these units are owner-occupied. The majority of East Cleveland households are renters.
East Cleveland, OH has a high percentage of people working in health care & social assistance occupations, and healthcare support occupations. However, the number of people in these occupations is lower than in the surrounding cities. This is due to a low employment rate in East Cleveland, OH.
Factors that affect car insurance rates in East Cleveland, Ohio
When setting your rates, car insurance companies take a variety of factors into account. The location of your home, age, and the likelihood of an accident all play a role in the premiums you pay. For example, a ZIP code with a high percentage of accidents is more expensive than a zip code with a low percentage. In addition, drivers with lower uninsured motorist rates will be charged less.
For drivers in this area, the top car insurance companies have rates that are approximately half of the state average. You can get a car insurance quote from any of them by entering your ZIP code. The cheapest car insurance in Ohio is offered by USAA, but you must have a military connection to qualify. Next-cheapest is offered by American Family and Grange.
The type of car you drive also plays a role in setting your rates. Insurance companies evaluate the types of cars on the road and the cost of repairs. They also look at theft rates and paid comprehensive claims. You also need to keep in mind that young drivers pay higher rates than drivers who are over 25 years old. The reason is that they're deemed to be less experienced drivers and are more likely to get into an accident.
The best way to lower your car insurance rates is to compare different insurance companies and their policies. In Ohio, there are plenty of insurance companies and it is important to shop around to get the best rates. By comparing different companies, you can be confident that your policy will cover the type of coverage you need.
Another important factor that affects your insurance rates is the area in which you live. If you live in a mostly minority neighborhood, you will pay higher rates than you would if you lived in a predominantly white neighborhood. This is a subtle form of redlining. Since minorities tend to be lower in income than whites, it can be difficult for them to afford higher payments.
You may be surprised to find out that you can save money by combining your insurance policies. Some companies offer discounts for low-mileage drivers, carpoolers, and multi-policy holders. Also, you can receive discounts if you belong to a business organization or an alumni group.