Get multiple home insurance quotes in 02038. Our licensed 02038, MA agents are ready to serve you.

Find the lowest Homeowners Insurance Rates in 02038

There are a number of ways to save money on your homeowners insurance rates. Discounts, bundling, upgrading your security system or replacing your roof with wind resistance materials are all great ways to lower your premium but the number one recommended way to save is to shop your coverage on a regular basis.

If you are shopping for coverage in 02038, do yourself a favor and get a rate quote from GetHomeInsuranceQuotes.com. We will provide you with up to 12 quotes for homeowners coverage in Franklin, MA from a list of top tier nationwide insurers.

Our Massachusetts licensed agents will review the quotes with you and provide advice on coverage types and coverage levels that will work best for you and your family.

It’s easy to get started. Just click the "Get Multiple Quotes Now" button below and your 02038 will appear in the zip code field and you are ready to go.

It’s Time to Compare Rate Quotes for 02038

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Franklin, MA home insurance quotes in your local city and review the most competitive coverages and premiums.

02038 Ratings: very high!

Saving up to 40 percent on your homeowner insurance premium has never been easier. We will do all of the legwork for you and present you with the best policy options to help protect your home.

In addition to gathering the best quotes from 12 major insurance companies in Franklin we will also share what average rates are in your area so we can compare savings and coverage options. Reviewing what home insurance cost will help you determine if your current insurance premium is on the high side or if you are already getting a bargain. For example, in 02038, homeowners are seeing rates around 1248 on average per year.

Let us help you compare home insurance rates right now. Get started shopping for new policy in 02038!

02038 Home Insurance Average Premiums

Local 02038 homeowners insurance quotes comparison

$998 /yr.

Shows Zip Code: 02038 lowest rates with discounts applied on average.

For the 02038, 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)
$998 /yr.
Average Coverage:$1248 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1548 /yr.

What is the average home insurance cost for a home in 02038?

  • • The average homeowners insurance premium paid annually for a home in 02038 is around $1248 per year.

What does it cost on average per month for home insurance in 02038?

  • • Homeowners in 02038 pay a monthly average cost per month around $104.00.

What kind of discount could I get if I combine my home and auto insurance together in 02038?

  • • Autoowners in 02038 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 Franklin area, check out other zip codes nearby 02038.
Review average rates in another zip code:
02038 homeowners insurance rates

Home Replacement Cost Coverage in 02038

Average Building Cost Per Square Foot in 02038: $271

Location: Franklin, Massachusetts (Norfolk County)

Average Square Footage in 02038: 1,663 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 02038 before you start any project. Franklin 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 02038 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 02038 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,663 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 Franklin 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$2711,663$450,800
Additional Upgrades & Added Features$3391,663$563,500
Major Home Updates or Advancements$4071,663$676,200

It's important to understand that when you estimate your replacement cost of your home in the 02038 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 02038

Best Home & Auto Insurance Agencies in 02038

Padula Insurance Agency Inc

Address: 247 E Central St Franklin, MA 02038
Phone:
Website:
Info:

Berry Insurance Agency, Incorporated

Address: 9 Main St Franklin, MA 02038
Phone:
Website: http://www.berryinsurance.com/
Info:

Housing Demographics for 02038

Population Review for 02038 Zip Code

For the city of Franklin, the population within 02038 has increased to over 33,699 residents in population size. The current population total is 33,261. We have broken down the population based on race below. In 02038, there are over 16197 in male population and 17064 females.

PopulationValues
Total Population33,261
White Population28602
Black Population668
Hispanic Population1221
Asian Population1837
Hawaiian Population19
Indian Population29
Other Population458
Male Population16197
Female Population17064
Population Estimate33699

Household Data for 02038

The average number of homes in 02038 is around 12,018, there are an average of 2.66 per household. The average house value according to local real estate values is around $450,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode12,018
Persons Per Household2.66
Average House Value$450,800
Income Per Household$127608
Median Age41.6
Median Age Male39.9
Median Age Female43.2
02038 DetailsValues
StateMA
State Full NameMassachusetts
City TypeP
City Alias Abbreviation
Area Code508/774
CityFranklin
City Alias NameFRANKLIN
CountyNorfolk
County FIPS021
State FIPS25
Time Zone5
Day Light SavingY
MSA1122
PMSA1120
CSA148
CBSA14460
CBSA_DIV14454
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 Businesses857
Number Of Employees14001
Business First Quarter Payroll203019
Business Annual Payroll871240
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 Population1887792
Congressional District04
Congressional LandArea668.27
Delivery Residential12669
Delivery Business756
Delivery Total14670
Preferred Last Line KeyV21805
Classification Code
Multi-County
CSA NameBoston-Worcester-Providence, MA-RI-NH
CBSA_DIV_NameBoston, MA
City State KeyV21805
Land Area26.639000
Water Area0.390000
City Alias Code
City Mixed CaseFranklin
City Alias Mixed CaseFranklin
Box Count182
SFDU9115
MFDU1954
State ANSI25
County ANSI021
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number242805
Unique ZIP Name
SSA State County Code22130
Medicare CBSA Code14454
Medicare CBSA NameBoston, MA
Medicare CBSA TypeMetro
Market Rating Area ID0
County Mixed CaseNorfolk

Massachusetts Homeowners Insurance News & Information

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    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 […]