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40741 Homeowners Insurance Quotes & Coverage Options

If you are looking to lower the cost of your homeowners insurance policy you have come to the right place. We have helped thousands of shoppers in 40741 zip code find a great new policy that offers the coverage they need at a price they can afford.

GetHomeInsuranceQuotes.com makes shopping for a new policy in London, KY quick and easy. Our rates are super competitive and our agents can advise you on what coverages you need in 40741.

Shopping for insurance quotes on GetHomeInsuranceQuotes.com is always free and we will provide you with a free consultation to answer any questions you may have about coverages and rates.

If you are ready to start shopping for a great policy simply click the "Get Multiple Quotes Now" button, enter 40741 and start shopping.

Quickly and Easily Compare Average Rates for 40741

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

Average Policy Rates in 40741

Homeowners in London are paying roughly $917 per year for a homeowners policy. We can help you shave up to 40 percent off of your current homeowners premium. Get started now and shop up to 12 insurance quotes from nationwide insurers right now.

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40741 Home Insurance Average Premiums

Local 40741 homeowners insurance quotes comparison

$667 /yr.

Shows Zip Code: 40741 lowest rates with discounts applied on average.

For the 40741, 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)
$667 /yr.
Average Coverage:$917 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1217 /yr.

What is the average home insurance cost for a home in 40741?

  • • The average homeowners insurance premium paid annually for a home in 40741 is around $917 per year.

What does it cost on average per month for home insurance in 40741?

  • • Homeowners in 40741 pay a monthly average cost per month around $76.00.

What kind of discount could I get if I combine my home and auto insurance together in 40741?

  • • Autoowners in 40741 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 London area, check out other zip codes nearby 40741.
Review average rates in another zip code:
40743 homeowners insurance rates
40741 homeowners insurance rates
40744 homeowners insurance rates

Home Replacement Cost Coverage in 40741

Average Building Cost Per Square Foot in 40741: $118

Location: London, Kentucky (Laurel County)

Average Square Footage in 40741: 1,112 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 40741 before you start any project. London 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 40741 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 40741 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,112 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 London 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$1181,112$131,200
Additional Upgrades & Added Features$1481,112$164,000
Major Home Updates or Advancements$1771,112$196,800

It's important to understand that when you estimate your replacement cost of your home in the 40741 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 40741

Best Home & Auto Insurance Agencies in 40741

New York Life

Address: 401 S Broad St London, KY 40741
Phone:
Website: http://www.newyorklife.com
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McDonald Ins Agcy Inc - State Farm Insurance Agent

Address: 809 W 5th St London, KY 40741
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Patton-Chestnut-Binder Insurance Agency

Address: 625 S Main St London, KY 40741
Phone:
Website:
Info:

Phelps- Judy T - State Farm Insurance Agent

Address: 715 S Main St London, KY 40741
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
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Shelter Insurance

Address: 1789 N Main St London, KY 40741
Phone:
Website: http://www.shelterinsurance.com
Info: Affordable Car Insurance | Car Insurance Online | Shelter Insurance
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Housing Demographics for 40741

Population Review for 40741 Zip Code

For the city of London, the population within 40741 has increased to over 24,817 residents in population size. The current population total is 23,327. We have broken down the population based on race below. In 40741, there are over 11291 in male population and 12036 females.

PopulationValues
Total Population23,327
White Population21762
Black Population186
Hispanic Population409
Asian Population173
Hawaiian Population2
Indian Population50
Other Population159
Male Population11291
Female Population12036
Population Estimate24817

Household Data for 40741

The average number of homes in 40741 is around 9,185, there are an average of 2.49 per household. The average house value according to local real estate values is around $131,200. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode9,185
Persons Per Household2.49
Average House Value$131,200
Income Per Household$45640
Median Age41.2
Median Age Male39.8
Median Age Female42.3
40741 DetailsValues
StateKY
State Full NameKentucky
City TypeP
City Alias Abbreviation
Area Code606
CityLondon
City Alias NameLONDON
CountyLaurel
County FIPS125
State FIPS21
Time Zone5
Day Light SavingY
MSA
PMSA
CSA371
CBSA18340
CBSA_DIV
CBSA_TypeMicro
CBSA_NameCorbin, KY
MSA_Name
PMSA_Name
RegionSouth
DivisionEast South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses707
Number Of Employees13067
Business First Quarter Payroll122580
Business Annual Payroll542710
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population35637
CBSA Division Population0
Congressional District05
Congressional LandArea11235.15
Delivery Residential9967
Delivery Business1077
Delivery Total10867
Preferred Last Line KeyX15624
Classification Code
Multi-CountyY
CSA NameMiddlesborough-Corbin, KY
CBSA_DIV_Name
City State KeyX15624
Land Area207.573000
Water Area1.776000
City Alias Code
City Mixed CaseLondon
City Alias Mixed CaseLondon
Box Count0
SFDU8738
MFDU120
State ANSI21
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number204748
Unique ZIP Name
SSA State County Code18620
Medicare CBSA Code99918
Medicare CBSA NameRural Areas in KY
Medicare CBSA TypeMicro
Market Rating Area ID8
County Mixed CaseLaurel

Kentucky Homeowners Insurance News & Information

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]