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Are you paying too much for homeowners insurance in 01843? If the answer is yes, you are not alone. Luckily, we can help you find a great policy in Lawrence, MA that provides all of the protection you need at a price that is affordable.

Our service doesn’t end with sending you quotes from 12 of the nations top insurance companies, our Massachusetts licensed agents will also advise you on every step of the process. They can review your coverage levels to make sure you are fully protected, answer any questions you have and perform a discount review.

Discounts are a major factor when shopping for insurance and can dramatically reduce your costs. Most insurers offer a variety of homeowners insurance discounts but here are few of the most common discounts in 01843?

  • Bundling: Buying home, auto and life from one insurer will result in a big discount. Details vary but expect savings of up to 25 percent.
  • Security System: Have a security system in your home or are installing one? You should qualify for a discount. Notify your insurer and ask for a home security system discount.
  • Paperless Policy: Getting your policy and bills via email instead of in the mail reduces cost for your insurer and they pass some of the savings on to you.

Our service is always free so get started today. Free 01843 home insurance quotes are just a click away. Simply click the "Get Multiple Quotes Now" button, verify your 01843 and get ready to save.

3 Easy Ways To Save Money In 01843

These three links will help you explore home insurance quotes in 01843 zip code as well as provide data about the average cost of a policy in your particular area. This information can be used to verify you are getting a great price on your new policy.

Get Your 01843 Home Insurance Costs Rated: very high!

The average price for a homeowners insurance policy in Lawrence is roughly $1282. This average is for a standard HO-3 policy, which is the industry standard for a single family home. While an HO-3 policy will protect your home and possessions while also offering liability coverage, it does not protect against flood or earthquake damage.

If you live in a flood zone, a separate flood insurance policy will be required. Our quoting process, combined with our agents local knowledge ensures that you will have the protection you need for your home.

Get 01843 Homeowners Insurance Rates Right Now!

01843 Home Insurance Average Premiums

Local 01843 homeowners insurance quotes comparison

$1032 /yr.

Shows Zip Code: 01843 lowest rates with discounts applied on average.

For the 01843, 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)
$1032 /yr.
Average Coverage:$1282 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1582 /yr.

What is the average home insurance cost for a home in 01843?

  • • The average homeowners insurance premium paid annually for a home in 01843 is around $1282 per year.

What does it cost on average per month for home insurance in 01843?

  • • Homeowners in 01843 pay a monthly average cost per month around $107.00.

What kind of discount could I get if I combine my home and auto insurance together in 01843?

  • • Autoowners in 01843 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 Lawrence area, check out other zip codes nearby 01843.
Review average rates in another zip code:
01840 homeowners insurance rates
01843 homeowners insurance rates
01841 homeowners insurance rates

Home Replacement Cost Coverage in 01843

Average Building Cost Per Square Foot in 01843: $271

Location: Lawrence, Massachusetts (Essex County)

Average Square Footage in 01843: 1,139 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 01843 before you start any project. Lawrence 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 01843 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 01843 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,139 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 Lawrence 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$2711,139$308,800
Additional Upgrades & Added Features$3391,139$386,000
Major Home Updates or Advancements$4071,139$463,200

It's important to understand that when you estimate your replacement cost of your home in the 01843 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 01843

Best Home & Auto Insurance Agencies in 01843

Housing Demographics for 01843

Population Review for 01843 Zip Code

For the city of Lawrence, the population within 01843 has increased to over 27,724 residents in population size. The current population total is 28,346. We have broken down the population based on race below. In 01843, there are over 13623 in male population and 14723 females.

PopulationValues
Total Population28,346
White Population7327
Black Population1446
Hispanic Population20716
Asian Population1187
Hawaiian Population27
Indian Population233
Other Population12898
Male Population13623
Female Population14723
Population Estimate27724

Household Data for 01843

The average number of homes in 01843 is around 9,637, there are an average of 2.94 per household. The average house value according to local real estate values is around $308,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode9,637
Persons Per Household2.94
Average House Value$308,800
Income Per Household$61362
Median Age33.9
Median Age Male32.6
Median Age Female35.2
01843 DetailsValues
StateMA
State Full NameMassachusetts
City TypeP
City Alias Abbreviation
Area Code978/508/351
CityLawrence
City Alias NameLAWRENCE
CountyEssex
County FIPS009
State FIPS25
Time Zone5
Day Light SavingY
MSA1122
PMSA4160
CSA148
CBSA14460
CBSA_DIV15764
CBSA_TypeMetro
CBSA_NameBoston-Cambridge-Newton, MA-NH
MSA_NameBoston-Worcester-Lawrence, MA-NH-ME-CT CMSA
PMSA_NameLawrence, MA-NH PMSA
RegionNortheast
DivisionNew England
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses531
Number Of Employees9872
Business First Quarter Payroll138154
Business Annual Payroll578787
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population4552402
CBSA Division Population2246244
Congressional District03|06
Congressional LandArea757.86|526.79
Delivery Residential9430
Delivery Business729
Delivery Total9983
Preferred Last Line KeyV21967
Classification Code
Multi-County
CSA NameBoston-Worcester-Providence, MA-RI-NH
CBSA_DIV_NameCambridge-Newton-Framingham, MA
City State KeyV21967
Land Area3.374000
Water Area0.246000
City Alias Code
City Mixed CaseLawrence
City Alias Mixed CaseLawrence
Box Count0
SFDU7057
MFDU2286
State ANSI25
County ANSI009
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number243927
Unique ZIP Name
SSA State County Code22040
Medicare CBSA Code15764
Medicare CBSA NameCambridge-Newton-Framingham, MA
Medicare CBSA TypeMetro
Market Rating Area ID0
County Mixed CaseEssex

Massachusetts Homeowners Insurance News & Information

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    Housing costs are currently sky-high, regardless of whether you are renting or in the market to buy a home. According to the latest data from the U.S Cenus, the median sales price for a single-family home was $437,300, which is up from $426,800 a month prior. On the rental front, the median price for rent […]

  • Do homeowners insurance policies have loopholes? Posted on Monday 30th December, 2024

    Homeowners insurance is a necessity to help protect your home, but there can be coverage gaps that you may not be aware of which can leave you unprotected. Flood and earthquake damage along with mold and other issues are excluded from most standard homeowners insurance policies.  Here are some common exclusions that could leave you […]

  • 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 […]