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Compare 41016 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Covington just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 2,513 neighbors looking to save on their home insurance policy in the local 41016 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 41016. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Kentucky rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Covington, KY home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Covington, KY

41016 Home Insurance Average Premiums

Local 41016 homeowners insurance quotes comparison

$604 /yr.

Shows Zip Code: 41016 lowest rates with discounts applied on average.

For the 41016, 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)		$604 /yr.
Average Coverage:$854 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1154 /yr.

What is the average home insurance cost for a home in 41016?

  • • The average homeowners insurance premium paid annually for a home in 41016 is around $854 per year.

What does it cost on average per month for home insurance in 41016?

  • • Homeowners in 41016 pay a monthly average cost per month around $71.00.

What kind of discount could I get if I combine my home and auto insurance together in 41016?

  • • Autoowners in 41016 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 Covington area, check out other zip codes nearby 41016.
Review average rates in another zip code:
41014 homeowners insurance rates
41016 homeowners insurance rates
41011 homeowners insurance rates

Home Replacement Cost Coverage in 41016

Average Building Cost Per Square Foot in 41016: $118

Location: Covington, Kentucky (Kenton County)

Average Square Footage in 41016: 1,139 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 41016 before you start any project. Covington 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 41016 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 41016 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,139 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 Covington 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$1181,139$134,400
Additional Upgrades & Added Features$1481,139$168,000
Major Home Updates or Advancements$1771,139$201,600

It's important to understand that when you estimate your replacement cost of your home in the 41016 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 41016

Best Home & Auto Insurance Agencies in 41016

Housing Demographics for 41016

Population Review for 41016 Zip Code

For the city of Covington, the population within 41016 has increased to over 5,874 residents in population size. The current population total is 5,684. We have broken down the population based on race below. In 41016, there are over 2820 in male population and 2864 females.

PopulationValues
Total Population5,684
White Population5139
Black Population123
Hispanic Population135
Asian Population27
Hawaiian Population2
Indian Population11
Other Population39
Male Population2820
Female Population2864
Population Estimate5874

Household Data for 41016

The average number of homes in 41016 is around 2,513, there are an average of 2.25 per household. The average house value according to local real estate values is around $134,400. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,513
Persons Per Household2.25
Average House Value$134,400
Income Per Household$57708
Median Age38.7
Median Age Male38.2
Median Age Female39.3
41016 DetailsValues
StateKY
State Full NameKentucky
City TypeP
City Alias Abbreviation
Area Code859
CityCovington
City Alias NameCOVINGTON
CountyKenton
County FIPS117
State FIPS21
Time Zone5
Day Light SavingY
MSA1642
PMSA1640
CSA178
CBSA17140
CBSA_DIV
CBSA_TypeMetro
CBSA_NameCincinnati, OH-KY-IN
MSA_NameCincinnati-Hamilton, OH-KY-IN CMSA
PMSA_NameCincinnati, OH-KY-IN PMSA
RegionSouth
DivisionEast South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses59
Number Of Employees482
Business First Quarter Payroll4485
Business Annual Payroll17658
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population2130151
CBSA Division Population0
Congressional District04
Congressional LandArea4382.19
Delivery Residential2611
Delivery Business88
Delivery Total3634
Preferred Last Line KeyX14687
Classification Code
Multi-County
CSA NameCincinnati-Wilmington, OH-KY-IN
CBSA_DIV_Name
City State KeyX14687
Land Area1.481000
Water Area0.005000
City Alias Code
City Mixed CaseCovington
City Alias Mixed CaseCovington
Box Count46
SFDU2180
MFDU55
State ANSI21
County ANSI117
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number201764
Unique ZIP Name
SSA State County Code18580
Medicare CBSA Code17140
Medicare CBSA NameCincinnati, OH-KY-IN
Medicare CBSA TypeMetro
Market Rating Area ID6
County Mixed CaseKenton

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