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01970 Homeowners Insurance Quotes & Rates
Salem residents living within the 19,300 homes available in the zip code of 01970 are shopping online to compare cheaper and more affordable Salem, MA home insurance rates. In the great city of Salem, homeowners like you want to find less expensive coverage since the home insurance rates have increased. Currently, the average home insurance rate within the state of Massachusetts is around $1,208 per year. These average rates are based on a standard or basic homeowner policy that covers your home for risk of fire, theft or liability issues if someone was to be injured on your property. We can provide enhanced coverage options to give you that added protection that you need for your home in the 01970 zip code.
With our online home insurance quoting application and excellent review service, we can help you save up to 40% or more on your next homeowners policy. We will shop up to 12 competitive home insurance rates, review all the coverage options available and propose any discounts or credits that may be available to you. Each home insurance company is different and likes to generate rates based on a number of different risk factors when it comes to insuring your home. We will be able to explain which home insurance company is best for you based on the coverage details, rate affordability and claim dependability.
Let us help you shop and compare your 01970 home insurance rates today! Please give us a call now at 1-855-976-2656. For Salem, MA Homeowners Insurance Quotes, Click to easily get started!
01970 Home Insurance Average Premiums
$958 /yr.
Shows Zip Code: 01970 lowest rates with discounts applied on average.
For the 01970, 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) | $958 /yr. |
| Average Coverage: | $1208 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1508 /yr. |
What is the average home insurance cost for a home in 01970?
- • The average homeowners insurance premium paid annually for a home in 01970 is around $1208 per year.
What does it cost on average per month for home insurance in 01970?
- • Homeowners in 01970 pay a monthly average cost per month around $101.00.
What kind of discount could I get if I combine my home and auto insurance together in 01970?
- • Autoowners in 01970 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 Salem area, check out other zip codes nearby 01970.
Review average rates in another zip code:
01970 homeowners insurance rates
Home Replacement Cost Coverage in 01970
Average Building Cost Per Square Foot in 01970: $271
Location: Salem, Massachusetts (Essex County)Average Square Footage in 01970: 1,464 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 01970 before you start any project. Salem 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 01970 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 01970 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,464 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 Salem 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 Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
|---|---|---|---|
| Basic Home Features | $271 | 1,464 | $396,700 |
| Additional Upgrades & Added Features | $339 | 1,464 | $495,875 |
| Major Home Updates or Advancements | $407 | 1,464 | $595,050 |
It's important to understand that when you estimate your replacement cost of your home in the 01970 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 01970
Knight Thos B & Co Ins Agcy Inc
Address: 27 Congress St Salem, MA 01970Phone: (978)744-6500
Website: www.tbknightins.com
Nystedt & Co. Insurance Agency Inc
Address: 135 B Canal Street Salem, MA 01970Phone: (978)744-6500
Website:
Best Home & Auto Insurance Agencies in 01970
Knight Thos B & Co Ins Agcy Inc
Address: 27 Congress St Salem, MA 01970Phone:
Website: http://www.tbknightins.com
Info:
Housing Demographics for 01970
Population Review for 01970 Zip Code
For the city of Salem, the population within 01970 has increased to over 40,922 residents in population size. The current population total is 44,451. We have broken down the population based on race below. In 01970, there are over 20473 in male population and 23978 females.
| Population | Values |
|---|---|
| Total Population | 44,451 |
| White Population | 31762 |
| Black Population | 2250 |
| Hispanic Population | 8782 |
| Asian Population | 1290 |
| Hawaiian Population | 27 |
| Indian Population | 137 |
| Other Population | 4300 |
| Male Population | 20473 |
| Female Population | 23978 |
| Population Estimate | 40922 |
Household Data for 01970
The average number of homes in 01970 is around 19,300, there are an average of 2.20 per household. The average house value according to local real estate values is around $396,700. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 19,300 |
| Persons Per Household | 2.20 |
| Average House Value | $396,700 |
| Income Per Household | $72994 |
| Median Age | 38.6 |
| Median Age Male | 37.5 |
| Median Age Female | 39.5 |
| 01970 Details | Values |
|---|---|
| State | MA |
| State Full Name | Massachusetts |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 978/508 |
| City | Salem |
| City Alias Name | SALEM |
| County | Essex |
| County FIPS | 009 |
| State FIPS | 25 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | 1122 |
| PMSA | 1120 |
| CSA | 148 |
| CBSA | 14460 |
| CBSA_DIV | 15764 |
| CBSA_Type | Metro |
| CBSA_Name | Boston-Cambridge-Newton, MA-NH |
| MSA_Name | Boston-Worcester-Lawrence, MA-NH-ME-CT CMSA |
| PMSA_Name | Boston, MA-NH PMSA |
| Region | Northeast |
| Division | New England |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 1142 |
| Number Of Employees | 14979 |
| Business First Quarter Payroll | 222998 |
| Business Annual Payroll | 1004874 |
| Business Employment Flag | |
| Growth Rank | 0 |
| Growth Housing Units 2003 | |
| Growth Housing Units 2004 | |
| Growth Increase Number | 0 |
| Growth Increase Percentage | 0.0 |
| Metropolitan Details | Values |
|---|---|
| CBSA Population | 4552402 |
| CBSA Division Population | 2246244 |
| Congressional District | 06 |
| Congressional LandArea | 526.79 |
| Delivery Residential | 18601 |
| Delivery Business | 1502 |
| Delivery Total | 20897 |
| Preferred Last Line Key | V22409 |
| Classification Code | |
| Multi-County | |
| CSA Name | Boston-Worcester-Providence, MA-RI-NH |
| CBSA_DIV_Name | Cambridge-Newton-Framingham, MA |
| City State Key | V22409 |
| Land Area | 8.242000 |
| Water Area | 9.327000 |
| City Alias Code | |
| City Mixed Case | Salem |
| City Alias Mixed Case | Salem |
| Box Count | 385 |
| SFDU | 11584 |
| MFDU | 5885 |
| State ANSI | 25 |
| County ANSI | 009 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 246681 |
| Unique ZIP Name | |
| SSA State County Code | 22040 |
| Medicare CBSA Code | 15764 |
| Medicare CBSA Name | Cambridge-Newton-Framingham, MA |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 0 |
| County Mixed Case | Essex |
Massachusetts Homeowners Insurance News & Information
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Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024
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, […]
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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 […]
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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 […]