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20838 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 20838? There are over 71 occupied homes in the 20838 area. With a population size of 218, it's not uncommon for residence of Barnesville, MD to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Maryland is around $936 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 20838 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Barnesville, MD Home Insurance Rate Quotes

20838 Home Insurance Average Premiums

Local 20838 homeowners insurance quotes comparison

$686 /yr.

Shows Zip Code: 20838 lowest rates with discounts applied on average.

For the 20838, 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)
$686 /yr.
Average Coverage:$936 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1236 /yr.

What is the average home insurance cost for a home in 20838?

  • • The average homeowners insurance premium paid annually for a home in 20838 is around $936 per year.

What does it cost on average per month for home insurance in 20838?

  • • Homeowners in 20838 pay a monthly average cost per month around $78.00.

What kind of discount could I get if I combine my home and auto insurance together in 20838?

  • • Autoowners in 20838 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 Barnesville area, check out other zip codes nearby 20838.
Review average rates in another zip code:
20838 homeowners insurance rates

Home Replacement Cost Coverage in 20838

Average Building Cost Per Square Foot in 20838: $190

Location: Barnesville, Maryland (Montgomery County)

Average Square Footage in 20838: 3,119 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 20838 before you start any project. Barnesville 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 20838 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 20838 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 3,119 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 Barnesville 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$1903,119$592,600
Additional Upgrades & Added Features$2383,119$740,750
Major Home Updates or Advancements$2853,119$888,900

It's important to understand that when you estimate your replacement cost of your home in the 20838 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 20838

Best Home & Auto Insurance Agencies in 20838

Housing Demographics for 20838

Population Review for 20838 Zip Code

For the city of Barnesville, the population within 20838 has increased to over 187 residents in population size. The current population total is 218. We have broken down the population based on race below. In 20838, there are over 95 in male population and 123 females.

PopulationValues
Total Population218
White Population182
Black Population3
Hispanic Population20
Asian Population4
Hawaiian Population0
Indian Population1
Other Population9
Male Population95
Female Population123
Population Estimate187

Household Data for 20838

The average number of homes in 20838 is around 71, there are an average of 3.07 per household. The average house value according to local real estate values is around $592,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode71
Persons Per Household3.07
Average House Value$592,600
Income Per Household$141667
Median Age46.7
Median Age Male46.5
Median Age Female46.8
20838 DetailsValues
StateMD
State Full NameMaryland
City TypeP
City Alias Abbreviation
Area Code240/301
CityBarnesville
City Alias NameBARNESVILLE
CountyMontgomery
County FIPS031
State FIPS24
Time Zone5
Day Light SavingY
MSA8872
PMSA8840
CSA548
CBSA47900
CBSA_DIV23224
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 Businesses13
Number Of Employees58
Business First Quarter Payroll549
Business Annual Payroll2433
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 Population1205162
Congressional District06
Congressional LandArea1950.26
Delivery Residential61
Delivery Business0
Delivery Total598
Preferred Last Line KeyV22939
Classification Code
Multi-County
CSA NameWashington-Baltimore-Arlington, DC-MD-VA-WV-PA
CBSA_DIV_NameFrederick-Gaithersburg-Bethesda, MD
City State KeyV22939
Land Area0.935000
Water Area0.006000
City Alias Code
City Mixed CaseBarnesville
City Alias Mixed CaseBarnesville
Box Count77
SFDU61
MFDU0
State ANSI24
County ANSI031
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number230414
Unique ZIP Name
SSA State County Code21150
Medicare CBSA Code23224
Medicare CBSA NameFrederick-Gaithersburg-Rockville, MD
Medicare CBSA TypeMetro
Market Rating Area ID3
County Mixed CaseMontgomery

Maryland Homeowners Insurance News & Information

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    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 […]