There are several things to consider when looking for Indian Head Park Illinois car insurance. These factors include average annual income, race/ethnicity, and the type of insurance coverage you'll need. Read on to learn more about the locality. We'll also discuss factors such as inland marine insurance and homeowners insurance.
Average annual income
Indian Head Park, Illinois is home to about 1.52k people. The largest industries in the area are Health Care & Social Assistance, Retail Trade, and Professional, Scientific, & Technical Services. The highest paying industries are Insurance and Finance. The median age of people in Indian Head Park is 55.3 years old.
Illinois car insurance is about two percent of the average American household's disposable personal income, which is the money that is available after taxes are paid. The average monthly income for residents of Illinois is $3,521 per month. The car insurance bill will take away about $71 of this money.
In Illinois, personal health care spending increased 4.44% between 2013 and 2014. This figure includes both private and Medicare insurance. The cost of medium and high coverage is generally less than a hundred dollars a month. A recent Experian study found that the average credit score is 683 and that the average consumer has a credit card balance of $6410.
Race/ethnicity of residents
The race/ethnicity of residents of Indian head Park Illinois is predominantly White. However, there are a number of minority groups that live in the city. The median age in Indian Head Park is 55.3. The median household income is $88,496. Although the population of Indian Head Park has decreased over the last decade, it has seen an increase in the last five years.
The median annual income in Indian Head Park, IL is $88,496, which is more than the $64,994 median income for the whole country. The homeownership rate is 88.5%, and nearly ninety percent of the population owns their own home. In 2019, most people commuted by car to work. The average commute time was 27 minutes. The average number of cars per household is two.
The village of Indian Head Park is located in Cook County. Its population is estimated to reach 4,117 by the year 2020. This makes it the 370th largest city in Illinois, and the 7444th largest city in the United States. The population is growing at a rate of 0.64% per year, and has increased by 1.28% since the last census. Its area is approximately one square mile, and the population density is 4,426 people per square mile.
The Census Bureau's demographic data shows that the majority of the population is white. In fact, nearly 61 percent of the population of Indian Head Park is white, while 12.3% of residents are black. In contrast, 5.4% of residents are ethnically diverse and 17.8% are Hispanic. Finally, 2.6 percent of the population is classified as "other" or "mixed."
Homeowners insurance coverage
Homeowners in Indian Head Park, Illinois have a lot of options when it comes to acquiring homeowner's insurance. This coverage typically includes coverage for the home and any structures on the property, as well as personal property. There are several different types of coverage, including those that offer deductibles and endorsements. A typical policy offers coverage for about $57-79 per month. Comparing quotes from different companies can help you save as much as $326 a year. All you have to do is enter your zip code into the form below and click "GO" to get multiple quotes.
The cost of homeowners insurance in Illinois is approximately $1,376 a year for $250,000 in dwelling coverage, which is comparable to the national average. However, it is important to note that homeowners in nearby states such as Indiana and Wisconsin pay a little less for their coverage. Additionally, Illinois is known for severe summer storms, which can make your home more susceptible to damage, which will raise your premiums. However, understanding what damages can occur to a home will help you choose a policy with adequate coverage limits.
Homeowners insurance in Illinois can provide peace of mind. A good policy will protect your home in case of a fire or natural disaster. Since Illinois is located near the New Madrid fault, it is a higher risk for earthquakes. Purchasing an earthquake endorsement from an insurance company will give you additional protection.
Inland marine insurance coverage
Inland marine insurance is an option that almost every insurance company offers. You can buy it separately or add it to your home or business insurance policy. The history of inland marine insurance dates back to the days of horse-drawn carriages. It is an excellent way to protect your valuables and property.
Inland marine insurance covers items outside the scope of your Business Property Insurance policy. It also extends to goods shipped by air or sea. Inland marine is also referred to as "Ocean Marine." At KSA Insurance Agency, we specialize in this type of coverage.
This type of coverage may be more valuable if you own expensive machinery or other items that you want to keep protected. Inland marine insurance may also cover items stored in a non-owned location, such as equipment. It can even cover property in a communication tower or bridge.
Health care spending per capita
Health care spending in Indian Head Park, IL is relatively low compared to other nearby areas. In fact, the city has the second lowest amount of health care spending per capita of any community in the greater Chicago area. The majority of residents have private health insurance, but the rest have non-group health plans.
The chart below shows the percentage of Indian Head Park residents without health insurance. The percentage of uninsured residents is also broken down by household income. The highest percentage of uninsured residents is in the over-100K group. The percentage of people in Indian Head Park without health insurance is projected to increase by 2.7% by 2020, compared to the year prior.
The median property value in Indian Head Park, IL is $258,600, which is higher than the national median of $229,800. The homeownership rate in Indian Head Park is 88.5%, which is higher than the national average of 64.4%. Most people in Indian Head Park, IL commute by car alone. The average commute time is 27 minutes. The median number of cars per household is two.
The median annual income in Indian Head Park, IL is $88,496. This is higher than the U.S. average of $64,994 (for a woman). Moreover, there are more people than ever in Indian Head Park, IL. The three highest paying industries in Indian Head Park are Health Care & Social Assistance, Retail Trade, and Finance & Insurance. The chart below illustrates the percentage of each of these groups in Indian Head Park, IL.