If you live in Lakeview Estates, Georgia, you may be interested in finding out more about car insurance. This neighborhood is home to more mobile homes than any other neighborhood in the United States. You should also consider purchasing Uninsured motorist protection (UMP), which lowers your insurance rate.
Lakeview Estates has more mobile homes than any other neighborhood in America
The Lakeview Estates neighborhood of Conyers, Georgia, has more mobile homes than any other neighborhood in the United States. According to NeighborhoodScout.com, 46.3% of Lakeview Estates' occupied housing is a mobile home. The area also has a higher percentage of people of African and Latin American descent. More than half of the neighborhood's residents are employed in manufacturing. This percentage is significantly higher than that of 99.8% of neighborhoods across the country.
The real estate in Lakeview Estates is mostly owned by its residents. Many of the homes are modest and medium sized. Most of them were built between 1970 and 1999, although some were built earlier. It is possible that the neighborhood's high vacancy rate is related to the lack of demand for real estate, or the lack of new housing in the area.
Uninsured motorist protection can lower insurance rates
If you're looking for a way to reduce your Lakeview Estates Georgia car insurance rates, consider adding uninsured motorist protection to your policy. This law was designed to protect the public from accidents caused by uninsured motorists. It also helps you receive indemnification for any injuries you've sustained as a result of a collision.
Uninsured motorist protection is an important part of any Georgia car insurance policy. If you're ever in an accident, you'll be grateful that you have this protection. In addition to lowering your car insurance rates, uninsured motorist protection also protects you from being hit by an underinsured driver. It's not cheap, but it's worth every penny.
It's important to understand that this type of coverage is not mandatory. In fact, some insurers will not offer this coverage unless you specifically request it. You should also be aware that your car insurance provider may not include this type of coverage in your policy.
A third way to lower your Lakeview Estates Georgia car insurance rates is to purchase uninsured motorist protection. This coverage can reduce your car insurance rates by as much as 30%. The only way to ensure you are protected is to obtain this coverage as soon as possible.
Average household income in Lakeview Estates
If you're considering moving to the city of Lakeview Estates, Georgia, you may be wondering how much it will cost to live there. The median household income in the city is $30,370, which is 48% below the state average. Similarly, the median individual income is $19,662 and is 39% below the state average. This information is helpful in determining how much you can comfortably spend each month. You can also use this information to set your savings and investment goals.
The cost of living in Lakeview Estates, Georgia is lower than the national average. The median property value in the city was $32,000 in 2020, an increase of 28% since last year. Additionally, the homeownership rate in Lakeview Estates is 42.3%, which is lower than the national average of 64.1%. Another factor affecting income is the cost of transportation and healthcare. A person who lives in Lakeview Estates, Georgia will spend an average of $23.6 per day on transportation.
The highest paid job in Lakeview Estates, GA is Construction & Extraction Occupations, followed by Natural Resources, Construction, and Maintenance Occupations. The employment growth rate in Lakeview Estates, GA is 30.7%, which is lower than the national average. The most common industries in Lakeview Estates, GA are Construction, Manufacturing, and Retail Trade.
The population of Lakeview Estates, GA is 2.55k. The majority of residents are citizens of the United States. A minority population of 1.35k people was born in another country. The majority of foreign-born residents are white (Hispanic), with Latinos making up the remainder. One of the largest groups of residents is the military. A large percentage of Lakeview Estates residents are in correctional facilities.
Unemployment rate in Lakeview Estates
The unemployment rate in Lakeview Estates, GA is currently 5.41%. This rate is lower than the national average. This city has a population of approximately 1.29k people. Most residents are employed in the Construction industry. Other industries in Lakeview Estates include Manufacturing and Retail Trade.
The median household income in Lakeview Estates, GA is $53,482. This figure is lower than the US average of $53,482 per person. Lakeview Estates's unemployment rate is lower than that of its neighboring geographies. The local unemployment rate is lower than the US average, which is 6.0%. The area's job growth is expected to reach 43.7% over the next ten years, which is higher than the US average of 33.5%. The local sales and income tax rate is 7.0%. The average Lakeview Estates resident earns $7,981 per year, compared to the national average of $28,555.
The median age in Lakeview Estates is 34.2 years. Most residents are native-born, with only a few foreign-born residents. The unemployment rate in Lakeview Estates, GA is lower than the national average, at 4.51%. It is important to keep in mind that vacancies in a city can be seasonal, which is why it's so important to consider seasonal unemployment in Lakeview Estates, GA before you buy a home.
The median home value in Lakeview Estates, GA is $32,000, which is lower than the statewide and national averages. Additionally, the homeownership rate is 42.3%, which is lower than the US average of 64.4%. Also, the median car ownership rate in Lakeview Estates, GA is lower than the state and national average. There is an average of one car per household, which is lower than the national average of 1.8.
Cost of car insurance in Lakeview Estates
The average cost of car insurance in Lakeview Estates is $2,538, although you can lower your rate by using discounts. You'll also want to know whether you're required to carry full coverage or liability only coverage. The average cost of car insurance in Lakeview Estates is $6700 for two vehicles, but the price can differ widely depending on what level of coverage you need and whether you need SR-22 insurance.
The best way to lower your rate is to compare auto insurance quotes. This way, you'll know what the best price is for your policy. If you have good credit, you may find that you can receive a significant discount on your premium. Also, you can obtain quotes from more than one insurance company to compare their rates.
Car insurance rates vary greatly by city and age. Younger drivers pay twice as much as a 30-year-old driver. In Georgia, teenage drivers pay a minimum of $4,231 more than the national average. If you are in a hurry to get covered, you can opt for minimum coverage for the lowest cost.
If you have poor credit, you can also consider getting uninsured motorist protection. While this won't decrease your premiums, it can help you in an emergency. The cost of car insurance is determined by several factors, including your age, gender, marital status, and driving history.