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01003 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 01003? There are over 79 occupied homes in the 01003 area. With a population size of 13,253, it's not uncommon for residence of Amherst, MA to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Massachusetts is around $1,233 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 01003 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: Amherst, MA Home Insurance Rate Quotes

01003 Home Insurance Average Premiums

Local 01003 homeowners insurance quotes comparison

$983 /yr.

Shows Zip Code: 01003 lowest rates with discounts applied on average.

For the 01003, 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)		$983 /yr.
Average Coverage:$1233 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1533 /yr.

What is the average home insurance cost for a home in 01003?

  • • The average homeowners insurance premium paid annually for a home in 01003 is around $1233 per year.

What does it cost on average per month for home insurance in 01003?

  • • Homeowners in 01003 pay a monthly average cost per month around $103.00.

What kind of discount could I get if I combine my home and auto insurance together in 01003?

  • • Autoowners in 01003 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 Amherst area, check out other zip codes nearby 01003.
Review average rates in another zip code:
01003 homeowners insurance rates
01002 homeowners insurance rates

Home Replacement Cost Coverage in 01003

Average Building Cost Per Square Foot in 01003: $271

Location: Amherst, Massachusetts (Hampshire County)

Average Square Footage in 01003: 609 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 01003 before you start any project. Amherst homeowners pay on average around $271 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 01003 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 01003 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 609 sq. ft. and the average cost to rebuild the home in this area is around $271 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 Amherst 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$271609$165,000
Additional Upgrades & Added Features$339609$206,250
Major Home Updates or Advancements$407609$247,500

It's important to understand that when you estimate your replacement cost of your home in the 01003 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 01003

Best Home & Auto Insurance Agencies in 01003

Housing Demographics for 01003

Population Review for 01003 Zip Code

For the city of Amherst, the population within 01003 has increased to over 2 residents in population size. The current population total is 13,253. We have broken down the population based on race below. In 01003, there are over 6727 in male population and 6526 females.

PopulationValues
Total Population13,253
White Population8023
Black Population887
Hispanic Population1158
Asian Population2674
Hawaiian Population10
Indian Population17
Other Population313
Male Population6727
Female Population6526
Population Estimate2

Household Data for 01003

The average number of homes in 01003 is around 79, there are an average of 2.63 per household. The average house value according to local real estate values is around $165,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode79
Persons Per Household2.63
Average House Value$165,000
Income Per Household$0
Median Age19.9
Median Age Male19.9
Median Age Female19.8
01003 DetailsValues
StateMA
State Full NameMassachusetts
City TypeP
City Alias Abbreviation
Area Code413
CityAmherst
City Alias NameAMHERST
CountyHampshire
County FIPS015
State FIPS25
Time Zone5
Day Light SavingY
MSA8000
PMSA
CSA521
CBSA11200
CBSA_DIV
CBSA_TypeMetro
CBSA_NameAmherst Town-Northampton, MA
MSA_NameSpringfield, MA MSA
PMSA_Name
RegionNortheast
DivisionNew England
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses15
Number Of Employees214
Business First Quarter Payroll2166
Business Annual Payroll9307
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District02
Congressional LandArea1628
Delivery Residential1
Delivery Business10
Delivery Total2006
Preferred Last Line KeyV21413
Classification Code
Multi-County
CSA NameSpringfield-Amherst Town-Northampton, MA
CBSA_DIV_Name
City State KeyV21413
Land Area0.804000
Water Area0.005000
City Alias Code
City Mixed CaseAmherst
City Alias Mixed CaseAmherst
Box Count0
SFDU1
MFDU0
State ANSI25
County ANSI015
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number240136
Unique ZIP Name
SSA State County Code22080
Medicare CBSA Code44140
Medicare CBSA NameSpringfield, MA
Medicare CBSA TypeMetro
Market Rating Area ID0
County Mixed CaseHampshire

Massachusetts 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 […]