40504 Homeowners Insurance Quotes & Coverage Options

For homeowners like you shopping online for home insurance quotes in the 40504 zip code it's important to know that our rates are very competitive for homeowners living in Lexington, KY. Many homeowners based out of your 40504 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Kentucky licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 40504 should appear in the zip code field ready to go. For Lexington, KY Homeowners Insurance Quotes nearby, we offer the best rates and service.

40504: Average Home Insurance Rates

For homeowners living in the great city of Lexington, the average homeowners policy is considered medium in comparison to other states. Kentucky premiums are estimated to be around $845 per year for homeowners insurance rates. You can easily save up to 40% or more, let us help you shop multiple home insurance quotes for free.

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Average Building Cost Per Square Foot in 40504: $118

Average Square Footage in 40504: 1,408 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 40504 before you start any project. Lexington 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 40504 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 40504 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,408 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 Lexington 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 40504 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.

Shepherd- Charles R - State Farm Insurance Agent

Pugh- Robert B - State Farm Insurance Agent

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Household Data for 40504

The average number of homes in 40504 is around 11,531, there are an average of 2.21 per household. The average house value according to local real estate values is around $166,100. Please review the following demographics below for average income and media age.

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