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Home Insurance Rates in 40507

For homeowners shopping online in 40507, our insurance rates are very competitive for homeowners living in Lexington, KY. Many homeowners based out of the great city of Lexington have found it very easy to shop with GetHomeInsuranceQuotes.com. The reason is because 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 which rates and coverage options are best suited for you and your family. To get free home insurance quotes in 40507, simply click the "Get Multiple Quotes Now" button. Your 40507 should appear in the zip code field ready to go. We only need some basic home information to start running multiple quotes for you. Lexington, KY Home Insurance Rate Quotes are available for you, we easily review and compare multiple coverage and rate options.

40507 Home Insurance Rating is: Medium!

If you live in 40507, you can easily save up to 40% off the average home insurance premium of $829 a year by letting us help you compare the best rate and coverage option for your home. We can compare up to 12 major top rated home insurance companies all at once. We also will do a professional analysis to determine which coverage is best suited to cover the risk that you need. Home insurance in Lexington can come in a variety of different packages, it's important to understand which homeowners policy is best. Let us help you compare home insurance rates in 40507 today!

Get Multiple Home Insurance Rates in 40507!

40507 Home Insurance Average Premiums

Local 40507 homeowners insurance quotes comparison

$579 /yr.

Shows Zip Code: 40507 lowest rates with discounts applied on average.

For the 40507, 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)		$579 /yr.
Average Coverage:$829 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1129 /yr.

What is the average home insurance cost for a home in 40507?

  • • The average homeowners insurance premium paid annually for a home in 40507 is around $829 per year.

What does it cost on average per month for home insurance in 40507?

  • • Homeowners in 40507 pay a monthly average cost per month around $69.00.

What kind of discount could I get if I combine my home and auto insurance together in 40507?

  • • Autoowners in 40507 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 Lexington area, check out other zip codes nearby 40507.
Review average rates in another zip code:
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Home Replacement Cost Coverage in 40507

Average Building Cost Per Square Foot in 40507: $118

Location: Lexington, Kentucky (Fayette County)

Average Square Footage in 40507: 2,762 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 40507 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 40507 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 40507 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,762 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.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1182,762$325,900
Additional Upgrades & Added Features$1482,762$407,375
Major Home Updates or Advancements$1772,762$488,850

It's important to understand that when you estimate your replacement cost of your home in the 40507 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 40507

Neace & Associates Inc

Address: 100 E Vine St Lexington, KY 40507
Phone: (606)255-1125
Website:

www.U-insured.com

Address: 160 North Broadway Lexington, KY 40507
Phone: (859)252-0879
Website:

Best Home & Auto Insurance Agencies in 40507

www.U-insured.com

Address: 160 N Broadway Lexington, KY 40507
Phone:
Website:
Info:

Neace & Associates Inc

Address: 100 E Vine St Lexington, KY 40507
Phone:
Website:
Info:

Housing Demographics for 40507

Population Review for 40507 Zip Code

For the city of Lexington, the population within 40507 has increased to over 2,213 residents in population size. The current population total is 2,043. We have broken down the population based on race below. In 40507, there are over 1142 in male population and 901 females.

PopulationValues
Total Population2,043
White Population1491
Black Population320
Hispanic Population86
Asian Population50
Hawaiian Population3
Indian Population6
Other Population43
Male Population1142
Female Population901
Population Estimate2213

Household Data for 40507

The average number of homes in 40507 is around 1,363, there are an average of 1.40 per household. The average house value according to local real estate values is around $325,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode1,363
Persons Per Household1.40
Average House Value$325,900
Income Per Household$35104
Median Age44.1
Median Age Male44.3
Median Age Female43.2
40507 DetailsValues
StateKY
State Full NameKentucky
City TypeP
City Alias Abbreviation
Area Code859/502
CityLexington
City Alias NameLEXINGTON
CountyFayette
County FIPS067
State FIPS21
Time Zone5
Day Light SavingY
MSA4280
PMSA
CSA336
CBSA30460
CBSA_DIV
CBSA_TypeMetro
CBSA_NameLexington-Fayette, KY
MSA_NameLexington, KY MSA
PMSA_Name
RegionSouth
DivisionEast South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses669
Number Of Employees7866
Business First Quarter Payroll124406
Business Annual Payroll563079
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population472099
CBSA Division Population0
Congressional District06
Congressional LandArea4292.72
Delivery Residential1581
Delivery Business763
Delivery Total2327
Preferred Last Line KeyX15574
Classification Code
Multi-County
CSA NameLexington-Fayette--Richmond--Frankfort, KY
CBSA_DIV_Name
City State KeyX15574
Land Area0.431000
Water Area0.000000
City Alias Code
City Mixed CaseLexington
City Alias Mixed CaseLexington
Box Count0
SFDU338
MFDU993
State ANSI21
County ANSI067
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number204600
Unique ZIP Name
SSA State County Code18330
Medicare CBSA Code30460
Medicare CBSA NameLexington-Fayette, KY
Medicare CBSA TypeMetro
Market Rating Area ID5
County Mixed CaseFayette

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