Get multiple home insurance quotes in 20707. Our licensed 20707, MD agents are ready to serve you.

20707 Online Home Insurance Rates

Comparing a bunch of different rates for your home in 20707 is very time consuming. At GetHomeInsuranceQuotes.com, we help you shop and compare up to 12 major top-rated A.M. Best companies, to present the most affordable rates for homeowners living in Laurel, MD. Not only do we provide free comparitive rates, but we also answer any questions you have and offer a free consultation process to help you decide which coverage option is best for you. Most of the time, we can add up to 40% more in savings by applying all the discounts and credits, like a home/auto package, security alarm, new roof upgrade or even deadbolts. It's easy to shop with us, we have already partnered with the most competitive home insurance companies in the 20707 area. If you enter your zip code, you can easily begin the online quoting process, it only takes a few minutes. If you would like to give us a call now at 1-855-976-2656 we will be happy to hear from you.

If you would like to review more information on home insurance premiums in Maryland, like average Laurel homeowners insurance rates, coverage options or home insurance types, please select Laurel, MD Home Insurance Rates Online!

20707 Home Insurance Average Premiums

Local 20707 homeowners insurance quotes comparison

$678 /yr.

Shows Zip Code: 20707 lowest rates with discounts applied on average.

For the 20707, 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)
$678 /yr.
Average Coverage:$928 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1228 /yr.

What is the average home insurance cost for a home in 20707?

  • • The average homeowners insurance premium paid annually for a home in 20707 is around $928 per year.

What does it cost on average per month for home insurance in 20707?

  • • Homeowners in 20707 pay a monthly average cost per month around $77.00.

What kind of discount could I get if I combine my home and auto insurance together in 20707?

  • • Autoowners in 20707 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 Laurel area, check out other zip codes nearby 20707.
Review average rates in another zip code:
20723 homeowners insurance rates
20724 homeowners insurance rates
20707 homeowners insurance rates
20708 homeowners insurance rates

Home Replacement Cost Coverage in 20707

Average Building Cost Per Square Foot in 20707: $190

Location: Laurel, Maryland (Prince Georges County)

Average Square Footage in 20707: 1,768 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 20707 before you start any project. Laurel homeowners pay on average around $190 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 20707 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 20707 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,768 sq. ft. and the average cost to rebuild the home in this area is around $190 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 Laurel 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$1901,768$335,900
Additional Upgrades & Added Features$2381,768$419,875
Major Home Updates or Advancements$2851,768$503,850

It's important to understand that when you estimate your replacement cost of your home in the 20707 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 20707

HT Brown Insurance

Address: 201 Washington Blvd S Laurel, MD 20707
Phone: (301)490-9600
Website: www.htbrowninsurance.com

Allstate Insurance - Jerry Biggs

Address: 14440 Cherry Lane Ct Laurel, MD 20707
Phone: (301)953-3171
Website:

H. Kenneth Lines Jr. Agency

Address: 207 4th St Laurel, MD 20707
Phone: (301)776-7450
Website:

Best Home & Auto Insurance Agencies in 20707

Margaret M Skyrm - Nationwide Insurance

Address: 314 2nd St Laurel, MD 20707
Phone:
Website: http://www.nationwide.com/agent/Laurel-MARYLAND-insurance-agent/margaret-skyrm/office.html
Info:

Allstate Insurance Company - Abiodun Olusanya

Address: 14207 Park Center Dr Laurel, MD 20707
Phone:
Website: http://www.allstateagencies.com/049020?cid=OTC-YP.com-IYP&att=TL
Info:

Nationwide Insurance & Financial Services

Address: 8633 Cherry Ln Laurel, MD 20707
Phone:
Website: http://www.nationwide.com
Info: Nationwide Insurance - Auto Insurance Quotes and Car Insurance Rates
Start saving on car insurance today when you get a free online auto insurance quote or call (888)890-4630. Enjoy the ease of working with Nationwide for your auto insurance needs and our competitive auto insurance rates. car insurance, auto insurance, online auto insurance, auto insurance rates, car insurance quote

Timothy E Halkos - Nationwide Insurance

Address: 8635 Cherry Ln Laurel, MD 20707
Phone:
Website: http://www.nationwide.com/agent/Laurel-MARYLAND-insurance-agent/halkos/office.html
Info:

Ace Cash Express

Address: 602 Washington Blvd S Laurel, MD 20707
Phone:
Website: http://www.washingtondc.citysearch.com/profile/external/4856255/laurel_md/ace_cash_express.html
Info:

Housing Demographics for 20707

Population Review for 20707 Zip Code

For the city of Laurel, the population within 20707 has increased to over 38,764 residents in population size. The current population total is 37,702. We have broken down the population based on race below. In 20707, there are over 17700 in male population and 20002 females.

PopulationValues
Total Population37,702
White Population8694
Black Population17266
Hispanic Population7416
Asian Population3396
Hawaiian Population26
Indian Population341
Other Population4317
Male Population17700
Female Population20002
Population Estimate38764

Household Data for 20707

The average number of homes in 20707 is around 15,077, there are an average of 2.48 per household. The average house value according to local real estate values is around $335,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode15,077
Persons Per Household2.48
Average House Value$335,900
Income Per Household$91315
Median Age37.4
Median Age Male35.7
Median Age Female38.7
20707 DetailsValues
StateMD
State Full NameMaryland
City TypeP
City Alias Abbreviation
Area Code240/301/410/667/443
CityLaurel
City Alias NameLAUREL
CountyPrince Georges
County FIPS033
State FIPS24
Time Zone5
Day Light SavingY
MSA8872
PMSA8840
CSA548
CBSA47900
CBSA_DIV47764
CBSA_TypeMetro
CBSA_NameWashington-Arlington-Alexandria, DC-VA-MD-WV
MSA_NameWashington-Baltimore, DC-MD-VA-WV CMSA
PMSA_NameWashington, DC-MD-VA-WV PMSA
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses1147
Number Of Employees20243
Business First Quarter Payroll255883
Business Annual Payroll1075476
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population5582170
CBSA Division Population1611694
Congressional District04
Congressional LandArea297.81
Delivery Residential15631
Delivery Business1307
Delivery Total19504
Preferred Last Line KeyV23838
Classification Code
Multi-CountyY
CSA NameWashington-Baltimore-Arlington, DC-MD-VA-WV-PA
CBSA_DIV_NameWashington, DC-MD
City State KeyV23838
Land Area12.649000
Water Area0.191000
City Alias Code
City Mixed CaseLaurel
City Alias Mixed CaseLaurel
Box Count0
SFDU5845
MFDU6085
State ANSI24
County ANSI033
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number235130
Unique ZIP Name
SSA State County Code21160
Medicare CBSA Code47894
Medicare CBSA NameWashington-Arlington-Alexandria, DC-VA-MD-WV
Medicare CBSA TypeMetro
Market Rating Area ID3
County Mixed CasePrince Georges

Maryland 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 […]