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Compare 01103 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Springfield just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 1,594 neighbors looking to save on their home insurance policy in the local 01103 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 01103. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Massachusetts 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 Springfield, MA 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 Springfield, MA

01103 Home Insurance Average Premiums

Local 01103 homeowners insurance quotes comparison

$1010 /yr.

Shows Zip Code: 01103 lowest rates with discounts applied on average.

For the 01103, 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)
$1010 /yr.
Average Coverage:$1260 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1560 /yr.

What is the average home insurance cost for a home in 01103?

  • • The average homeowners insurance premium paid annually for a home in 01103 is around $1260 per year.

What does it cost on average per month for home insurance in 01103?

  • • Homeowners in 01103 pay a monthly average cost per month around $105.00.

What kind of discount could I get if I combine my home and auto insurance together in 01103?

  • • Autoowners in 01103 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 Springfield area, check out other zip codes nearby 01103.
Review average rates in another zip code:
01129 homeowners insurance rates
01119 homeowners insurance rates
01105 homeowners insurance rates
01107 homeowners insurance rates
01118 homeowners insurance rates
01128 homeowners insurance rates
01104 homeowners insurance rates
01103 homeowners insurance rates
01108 homeowners insurance rates
01109 homeowners insurance rates

Home Replacement Cost Coverage in 01103

Average Building Cost Per Square Foot in 01103: $271

Location: Springfield, Massachusetts (Hampden County)

Average Square Footage in 01103: 542 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 01103 before you start any project. Springfield 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 01103 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 01103 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 542 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 Springfield 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$271542$146,900
Additional Upgrades & Added Features$339542$183,625
Major Home Updates or Advancements$407542$220,350

It's important to understand that when you estimate your replacement cost of your home in the 01103 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 01103

Pfcu Insurance Services

Address: 959 Main St Springfield, MA 01103
Phone: (800)489-9777
Website:

Haberman Insurance Group

Address: 95 Ashley Avenue West Springfield, MA 01103
Phone: (413)781-7000
Website: www.habermaninsurance.com

Best Home & Auto Insurance Agencies in 01103

Pfcu Insurance Services

Address: 959 Main St Springfield, MA 01103
Phone:
Website:
Info:

Bel-Mar Insurance Incorporated

Address: 925 Main St Springfield, MA 01103
Phone:
Website: http://www.national.citysearch.com/profile/external/4589304/springfield_ma/bel_mar_insurance_inc.html
Info:

Blue Cross and Blue Shield of Massachusetts - Group Sales- Western Regional Of

Address: 1500 Main St Springfield, MA 01103
Phone:
Website:
Info:

Economy Insurance Agency

Address: 1691 Main St Springfield, MA 01103
Phone:
Website: http://www.economyinsuranceagency.com
Info:

Housing Demographics for 01103

Population Review for 01103 Zip Code

For the city of Springfield, the population within 01103 has increased to over 2,731 residents in population size. The current population total is 2,545. We have broken down the population based on race below. In 01103, there are over 1188 in male population and 1357 females.

PopulationValues
Total Population2,545
White Population828
Black Population480
Hispanic Population1376
Asian Population51
Hawaiian Population1
Indian Population27
Other Population729
Male Population1188
Female Population1357
Population Estimate2731

Household Data for 01103

The average number of homes in 01103 is around 1,594, there are an average of 1.59 per household. The average house value according to local real estate values is around $146,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode1,594
Persons Per Household1.59
Average House Value$146,900
Income Per Household$20978
Median Age38.4
Median Age Male37.3
Median Age Female39.7
01103 DetailsValues
StateMA
State Full NameMassachusetts
City TypeP
City Alias Abbreviation
Area Code413
CitySpringfield
City Alias NameSPRINGFIELD
CountyHampden
County FIPS013
State FIPS25
Time Zone5
Day Light SavingY
MSA8000
PMSA
CSA521
CBSA44140
CBSA_DIV
CBSA_TypeMetro
CBSA_NameSpringfield, MA
MSA_NameSpringfield, MA MSA
PMSA_Name
RegionNortheast
DivisionNew England
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses393
Number Of Employees5918
Business First Quarter Payroll68896
Business Annual Payroll315270
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population692942
CBSA Division Population0
Congressional District01
Congressional LandArea2350.29
Delivery Residential1718
Delivery Business680
Delivery Total2448
Preferred Last Line KeyV22552
Classification Code
Multi-County
CSA NameSpringfield-Amherst Town-Northampton, MA
CBSA_DIV_Name
City State KeyV22552
Land Area0.435000
Water Area0.000000
City Alias Code
City Mixed CaseSpringfield
City Alias Mixed CaseSpringfield
Box Count37
SFDU8
MFDU1710
State ANSI25
County ANSI013
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number247820
Unique ZIP Name
SSA State County Code22070
Medicare CBSA Code44140
Medicare CBSA NameSpringfield, MA
Medicare CBSA TypeMetro
Market Rating Area ID0
County Mixed CaseHampden

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 […]