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19962 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 19962? There are over 4,722 occupied homes in the 19962 area. With a population size of 13,692, it's not uncommon for residence of Magnolia, DE to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Delaware is around $725 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 19962 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Magnolia, DE Home Insurance Rate Quotes

19962 Home Insurance Average Premiums

Local 19962 homeowners insurance quotes comparison

$475 /yr.

Shows Zip Code: 19962 lowest rates with discounts applied on average.

For the 19962, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$475 /yr.
Average Coverage:$725 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1025 /yr.

What is the average home insurance cost for a home in 19962?

  • • The average homeowners insurance premium paid annually for a home in 19962 is around $725 per year.

What does it cost on average per month for home insurance in 19962?

  • • Homeowners in 19962 pay a monthly average cost per month around $60.00.

What kind of discount could I get if I combine my home and auto insurance together in 19962?

  • • Autoowners in 19962 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Magnolia area, check out other zip codes nearby 19962.
Review average rates in another zip code:
19962 homeowners insurance rates

Home Replacement Cost Coverage in 19962

Average Building Cost Per Square Foot in 19962: $149

Location: Magnolia, Delaware (Kent County)

Average Square Footage in 19962: 1,934 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 19962 before you start any project. Magnolia homeowners pay on average around $149 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 19962 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 19962 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,934 sq. ft. and the average cost to rebuild the home in this area is around $149 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Magnolia area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1491,934$288,100
Additional Upgrades & Added Features$1861,934$360,125
Major Home Updates or Advancements$2241,934$432,150

It's important to understand that when you estimate your replacement cost of your home in the 19962 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 19962

Best Home & Auto Insurance Agencies in 19962

Housing Demographics for 19962

Population Review for 19962 Zip Code

For the city of Magnolia, the population within 19962 has increased to over 14,926 residents in population size. The current population total is 13,692. We have broken down the population based on race below. In 19962, there are over 6560 in male population and 7132 females.

PopulationValues
Total Population13,692
White Population8332
Black Population3148
Hispanic Population1147
Asian Population413
Hawaiian Population11
Indian Population101
Other Population402
Male Population6560
Female Population7132
Population Estimate14926

Household Data for 19962

The average number of homes in 19962 is around 4,722, there are an average of 2.90 per household. The average house value according to local real estate values is around $288,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode4,722
Persons Per Household2.90
Average House Value$288,100
Income Per Household$88750
Median Age38.3
Median Age Male37.2
Median Age Female39.5
19962 DetailsValues
StateDE
State Full NameDelaware
City TypeP
City Alias Abbreviation
Area Code302
CityMagnolia
City Alias NameMAGNOLIA
CountyKent
County FIPS001
State FIPS10
Time Zone5
Day Light SavingY
MSA2190
PMSA
CSA428
CBSA20100
CBSA_DIV
CBSA_TypeMetro
CBSA_NameDover, DE
MSA_NameDover, DE MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses69
Number Of Employees314
Business First Quarter Payroll1914
Business Annual Payroll8914
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population162310
CBSA Division Population0
Congressional District
Congressional LandArea
Delivery Residential5147
Delivery Business27
Delivery Total5404
Preferred Last Line KeyV21311
Classification Code
Multi-County
CSA NamePhiladelphia-Reading-Camden, PA-NJ-DE-MD
CBSA_DIV_Name
City State KeyV21311
Land Area14.612000
Water Area0.072000
City Alias Code
City Mixed CaseMagnolia
City Alias Mixed CaseMagnolia
Box Count184
SFDU4391
MFDU0
State ANSI10
County ANSI001
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number094070
Unique ZIP Name
SSA State County Code08000
Medicare CBSA Code20100
Medicare CBSA NameDover, DE
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseKent

Delaware Homeowners Insurance News & Information

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  • Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024

    One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]

  • Are homeowners insurance companies increasing deductibles?  Posted on Thursday 22nd August, 2024

    This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket.   As the cost of claims increases, particularly […]