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Searching for Homeowners Insurance in 47362

If you are a homeowners that lives in 47362 you may be searching for more affordable homeowners insurance in New Castle. Insurance rates can change on a yearly basis so if your current insurer has raised your rates recently it may be time to shop your coverage and we can help.

GetHomeInsuranceQuotes.com makes shopping your insurance policy quick and easy for residents of New Castle, IN. All you have to do is enter a bit of information about your home and we will gather 12 quotes from nationwide insurers, making sure that you get the best coverage levels and rates available.

Our Indiana licensed agents will provide a free consultation to make sure you are fully protected as well as answer any questions you may have about policy options. Insurance can be complicated so it pays to have a professional walk you through your various policy choices. As always, our service is free.

Getting started is easy. Click the "Get Multiple Quotes Now" button, verify your zip code and start saving.

Get 47362 Home Insurance Rate Quotes Right Now!

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional New Castle, IN home insurance quotes in your local city and review the most competitive coverages and premiums.

Check Out 47362 Home Insurance Costs: medium!

In New Castle, homeowners are paying roughly $762 per year for a HO-3 policy which is considered the standard for a single family home. In order to find the best policy at the best price, we compare rates from some of the most competitive insurers and present you with your best options for homeowners insurance coverage in 47362 zip code.

Our service is free and we never spam our clients so you only receive the information that you request. While all situations are different, in most cases, homeowners in New Castle are saving up to 40 percent on their policy costs by using GetHomeInsuranceQuotes.com.

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47362 Home Insurance Average Premiums

Local 47362 homeowners insurance quotes comparison

$512 /yr.

Shows Zip Code: 47362 lowest rates with discounts applied on average.

For the 47362, 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)
$512 /yr.
Average Coverage:$762 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1062 /yr.

What is the average home insurance cost for a home in 47362?

  • • The average homeowners insurance premium paid annually for a home in 47362 is around $762 per year.

What does it cost on average per month for home insurance in 47362?

  • • Homeowners in 47362 pay a monthly average cost per month around $64.00.

What kind of discount could I get if I combine my home and auto insurance together in 47362?

  • • Autoowners in 47362 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 New Castle area, check out other zip codes nearby 47362.
Review average rates in another zip code:
47362 homeowners insurance rates

Home Replacement Cost Coverage in 47362

Average Building Cost Per Square Foot in 47362: $108

Location: New Castle, Indiana (Henry County)

Average Square Footage in 47362: 923 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 47362 before you start any project. New Castle homeowners pay on average around $108 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 47362 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 47362 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 923 sq. ft. and the average cost to rebuild the home in this area is around $108 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 New Castle 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$108923$99,700
Additional Upgrades & Added Features$135923$124,625
Major Home Updates or Advancements$162923$149,550

It's important to understand that when you estimate your replacement cost of your home in the 47362 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 47362

Allstate Insurance-Begley Agency

Address: 1824 Bundy Ave New Castle, IN 47362
Phone: (765)529-0707
Website: agent.allstate.com/92816

Best Home & Auto Insurance Agencies in 47362

Allstate Insurance-Begley Agency

Address: 1824 Bundy Ave New Castle, IN 47362
Phone:
Website: http://www.agent.allstate.com/92816
Info:

Baker Insurance Agency

Address: 536 N Memorial Dr New Castle, IN 47362
Phone:
Website:
Info:

Allstate Insurance Company - Melody Shaw

Address: 1722 S Memorial Dr New Castle, IN 47362
Phone:
Website: http://www.allstateagencies.com/melodyshaw?cid=OTC-YP.com-IYP&att=TL
Info:

Farm Bureau Insurance

Address: 1702 Indiana Ave New Castle, IN 47362
Phone:
Website: http://www.infarmbureau.com
Info:

Shelter Insurance - Leon Seely

Address: 1817 S Memorial Dr New Castle, IN 47362
Phone:
Website: http://www.shelterinsurance.com/CA/agent/LEONSEELY
Info:

Housing Demographics for 47362

Population Review for 47362 Zip Code

For the city of New Castle, the population within 47362 has increased to over 28,092 residents in population size. The current population total is 30,184. We have broken down the population based on race below. In 47362, there are over 16162 in male population and 14022 females.

PopulationValues
Total Population30,184
White Population27505
Black Population1004
Hispanic Population723
Asian Population137
Hawaiian Population6
Indian Population50
Other Population438
Male Population16162
Female Population14022
Population Estimate28092

Household Data for 47362

The average number of homes in 47362 is around 11,379, there are an average of 2.33 per household. The average house value according to local real estate values is around $99,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,379
Persons Per Household2.33
Average House Value$99,700
Income Per Household$51628
Median Age43.1
Median Age Male41.7
Median Age Female45.1
47362 DetailsValues
StateIN
State Full NameIndiana
City TypeP
City Alias Abbreviation
Area Code765
CityNew Castle
City Alias NameNEW CASTLE
CountyHenry
County FIPS065
State FIPS18
Time Zone5
Day Light SavingY
MSA
PMSA
CSA294
CBSA35220
CBSA_DIV
CBSA_TypeMicro
CBSA_NameNew Castle, IN
MSA_Name
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses526
Number Of Employees7892
Business First Quarter Payroll69906
Business Annual Payroll300374
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population49462
CBSA Division Population0
Congressional District06
Congressional LandArea6206.83
Delivery Residential12057
Delivery Business727
Delivery Total13040
Preferred Last Line KeyX13063
Classification Code
Multi-CountyY
CSA NameIndianapolis-Carmel-Muncie, IN
CBSA_DIV_Name
City State KeyX13063
Land Area147.728000
Water Area1.678000
City Alias Code
City Mixed CaseNew Castle
City Alias Mixed CaseNew Castle
Box Count213
SFDU10644
MFDU706
State ANSI18
County ANSI065
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number176039
Unique ZIP Name
SSA State County Code15320
Medicare CBSA Code99915
Medicare CBSA NameRural Areas in IN
Medicare CBSA TypeMicro
Market Rating Area ID11
County Mixed CaseHenry

Indiana Homeowners Insurance News & Information

  • 2025 Florida Home Insurance Rates Could Increase Posted on Tuesday 14th January, 2025

    While many state legislators, industry leaders and insurance regulators have been claiming that the insurance market in Florida has stabilized, it looks like premiums may be headed up again in the near future.  According to an analysis by the South Florida Sun Sentinel, the average statewide premium, being paid for an all-perils single-family home policy […]

  • Economists Top 5 Housing Predictions for 2025 Posted on Monday 6th January, 2025

    Housing costs are currently sky-high, regardless of whether you are renting or in the market to buy a home. According to the latest data from the U.S Cenus, the median sales price for a single-family home was $437,300, which is up from $426,800 a month prior. On the rental front, the median price for rent […]

  • Do homeowners insurance policies have loopholes? Posted on Monday 30th December, 2024

    Homeowners insurance is a necessity to help protect your home, but there can be coverage gaps that you may not be aware of which can leave you unprotected. Flood and earthquake damage along with mold and other issues are excluded from most standard homeowners insurance policies.  Here are some common exclusions that could leave you […]