Get multiple home insurance quotes in 01902. Our licensed 01902, MA agents are ready to serve you.

01902 Online Home Insurance Rates

Comparing a bunch of different rates for your home in 01902 is very time consuming. At GetHomeInsuranceQuotes.com, we help you shop and compare up to 12 major top-rated A.M. Best companies, to present the most affordable rates for homeowners living in Lynn, MA. Not only do we provide free comparitive rates, but we also answer any questions you have and offer a free consultation process to help you decide which coverage option is best for you. Most of the time, we can add up to 40% more in savings by applying all the discounts and credits, like a home/auto package, security alarm, new roof upgrade or even deadbolts. It's easy to shop with us, we have already partnered with the most competitive home insurance companies in the 01902 area. If you enter your zip code, you can easily begin the online quoting process, it only takes a few minutes. If you would like to give us a call now at 1-855-976-2656 we will be happy to hear from you.

If you would like to review more information on home insurance premiums in Massachusetts, like average Lynn homeowners insurance rates, coverage options or home insurance types, please select Lynn, MA Home Insurance Rates Online!

01902 Home Insurance Average Premiums

Local 01902 homeowners insurance quotes comparison

$1041 /yr.

Shows Zip Code: 01902 lowest rates with discounts applied on average.

For the 01902, 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)		$1041 /yr.
Average Coverage:$1291 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1591 /yr.

What is the average home insurance cost for a home in 01902?

  • • The average homeowners insurance premium paid annually for a home in 01902 is around $1291 per year.

What does it cost on average per month for home insurance in 01902?

  • • Homeowners in 01902 pay a monthly average cost per month around $108.00.

What kind of discount could I get if I combine my home and auto insurance together in 01902?

  • • Autoowners in 01902 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 Lynn area, check out other zip codes nearby 01902.
Review average rates in another zip code:
01904 homeowners insurance rates
01902 homeowners insurance rates
01901 homeowners insurance rates
01905 homeowners insurance rates

Home Replacement Cost Coverage in 01902

Average Building Cost Per Square Foot in 01902: $271

Location: Lynn, Massachusetts (Essex County)

Average Square Footage in 01902: 1,324 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 01902 before you start any project. Lynn 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 01902 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 01902 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,324 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 Lynn 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$2711,324$358,900
Additional Upgrades & Added Features$3391,324$448,625
Major Home Updates or Advancements$4071,324$538,350

It's important to understand that when you estimate your replacement cost of your home in the 01902 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 01902

MB Modugno Insurance Agency

Address: 38 Brookline St Lynn, MA 01902
Phone: (781)595-6758
Website:

Best Home & Auto Insurance Agencies in 01902

MB Modugno Insurance Agency

Address: 38 Brookline St Lynn, MA 01902
Phone:
Website:
Info:

Housing Demographics for 01902

Population Review for 01902 Zip Code

For the city of Lynn, the population within 01902 has increased to over 47,112 residents in population size. The current population total is 50,725. We have broken down the population based on race below. In 01902, there are over 24680 in male population and 26045 females.

PopulationValues
Total Population50,725
White Population16028
Black Population6779
Hispanic Population25496
Asian Population3348
Hawaiian Population24
Indian Population979
Other Population16215
Male Population24680
Female Population26045
Population Estimate47112

Household Data for 01902

The average number of homes in 01902 is around 17,841, there are an average of 2.81 per household. The average house value according to local real estate values is around $358,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode17,841
Persons Per Household2.81
Average House Value$358,900
Income Per Household$53802
Median Age34.6
Median Age Male33.1
Median Age Female36.1
01902 DetailsValues
StateMA
State Full NameMassachusetts
City TypeP
City Alias Abbreviation
Area Code781/339
CityLynn
City Alias NameLYNN
CountyEssex
County FIPS009
State FIPS25
Time Zone5
Day Light SavingY
MSA1122
PMSA1120
CSA148
CBSA14460
CBSA_DIV15764
CBSA_TypeMetro
CBSA_NameBoston-Cambridge-Newton, MA-NH
MSA_NameBoston-Worcester-Lawrence, MA-NH-ME-CT CMSA
PMSA_NameBoston, MA-NH PMSA
RegionNortheast
DivisionNew England
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses557
Number Of Employees3558
Business First Quarter Payroll37088
Business Annual Payroll175529
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 District06
Congressional LandArea526.79
Delivery Residential16766
Delivery Business504
Delivery Total17272
Preferred Last Line KeyV21999
Classification Code
Multi-County
CSA NameBoston-Worcester-Providence, MA-RI-NH
CBSA_DIV_NameCambridge-Newton-Framingham, MA
City State KeyV21999
Land Area2.370000
Water Area0.137000
City Alias Code
City Mixed CaseLynn
City Alias Mixed CaseLynn
Box Count0
SFDU10488
MFDU6245
State ANSI25
County ANSI009
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number244199
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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    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 […]

  • 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 […]