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01245 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 01245? There are over 396 occupied homes in the 01245 area. With a population size of 933, it's not uncommon for residence of Monterey, 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 $1,268 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 01245 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: Monterey, MA Home Insurance Rate Quotes

01245 Home Insurance Average Premiums

Local 01245 homeowners insurance quotes comparison

$1018 /yr.

Shows Zip Code: 01245 lowest rates with discounts applied on average.

For the 01245, 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)		$1018 /yr.
Average Coverage:$1268 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1568 /yr.

What is the average home insurance cost for a home in 01245?

  • • The average homeowners insurance premium paid annually for a home in 01245 is around $1268 per year.

What does it cost on average per month for home insurance in 01245?

  • • Homeowners in 01245 pay a monthly average cost per month around $106.00.

What kind of discount could I get if I combine my home and auto insurance together in 01245?

  • • Autoowners in 01245 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 Monterey area, check out other zip codes nearby 01245.
Review average rates in another zip code:
01245 homeowners insurance rates

Home Replacement Cost Coverage in 01245

Average Building Cost Per Square Foot in 01245: $271

Location: Monterey, Massachusetts (Berkshire County)

Average Square Footage in 01245: 1,691 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 01245 before you start any project. Monterey 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 01245 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 01245 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,691 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 Monterey 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$2711,691$458,300
Additional Upgrades & Added Features$3391,691$572,875
Major Home Updates or Advancements$4071,691$687,450

It's important to understand that when you estimate your replacement cost of your home in the 01245 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 01245

Best Home & Auto Insurance Agencies in 01245

Housing Demographics for 01245

Population Review for 01245 Zip Code

For the city of Monterey, the population within 01245 has increased to over 174 residents in population size. The current population total is 933. We have broken down the population based on race below. In 01245, there are over 438 in male population and 495 females.

PopulationValues
Total Population933
White Population845
Black Population14
Hispanic Population27
Asian Population12
Hawaiian Population0
Indian Population4
Other Population7
Male Population438
Female Population495
Population Estimate174

Household Data for 01245

The average number of homes in 01245 is around 396, there are an average of 2.24 per household. The average house value according to local real estate values is around $458,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode396
Persons Per Household2.24
Average House Value$458,300
Income Per Household$101488
Median Age54.6
Median Age Male52.9
Median Age Female57.8
01245 DetailsValues
StateMA
State Full NameMassachusetts
City TypeP
City Alias Abbreviation
Area Code413
CityMonterey
City Alias NameMONTEREY
CountyBerkshire
County FIPS003
State FIPS25
Time Zone5
Day Light SavingY
MSA
PMSA
CSA
CBSA38340
CBSA_DIV
CBSA_TypeMetro
CBSA_NamePittsfield, MA
MSA_Name
PMSA_Name
RegionNortheast
DivisionNew England
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses20
Number Of Employees92
Business First Quarter Payroll703
Business Annual Payroll3996
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population131219
CBSA Division Population0
Congressional District01
Congressional LandArea2350.29
Delivery Residential78
Delivery Business0
Delivery Total607
Preferred Last Line KeyV22089
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyV22089
Land Area25.867000
Water Area0.677000
City Alias Code
City Mixed CaseMonterey
City Alias Mixed CaseMonterey
Box Count496
SFDU78
MFDU0
State ANSI25
County ANSI003
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number244845
Unique ZIP Name
SSA State County Code22010
Medicare CBSA Code38340
Medicare CBSA NamePittsfield, MA
Medicare CBSA TypeMetro
Market Rating Area ID0
County Mixed CaseBerkshire

Massachusetts Homeowners Insurance News & Information

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    According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high.  “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]

  • Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024

    According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]

  • Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024

    One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]