40351 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 40351? There are over 8,107 occupied homes in the 40351 area. With a population size of 22,305, it's not uncommon for residence of Morehead, KY to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Kentucky is around $837 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 40351 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: Morehead, KY Home Insurance Rate Quotes

Average Building Cost Per Square Foot in 40351: $118

Average Square Footage in 40351: 1,240 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 40351 before you start any project. Morehead homeowners pay on average around $118 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 40351 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 40351 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,240 sq. ft. and the average cost to rebuild the home in this area is around $118 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 Morehead 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.

It's important to understand that when you estimate your replacement cost of your home in the 40351 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.

Trademark Insurance & Investments Inc

Tony G. Pence Agency

Rowan County Farm Bureau Caudill-Knipp

Stephen W Barker Ins Agcy Inc - State Farm Insurance Agent

Allstate Insurance Agency

Curtis Daniel Owens Agency - Nationwide Insurance

Trademark Insurance & Investments Inc

Household Data for 40351

The average number of homes in 40351 is around 8,107, there are an average of 2.36 per household. The average house value according to local real estate values is around $146,300. Please review the following demographics below for average income and media age.

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