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02141 Home Insurance Quotes & Rates

Currently, the 7,348 homes within the 02141 zip code are being challenged with rate increases and the demand for more affordable homeowners insurance premiums. The average home insurance rate for Massachusetts is around $1,229 per year for a standard HO-3 homeowners policy. A standard homeowners policy in Cambridge, MA, insures your home from theft, fire, windstorm damage and liability accidents on your property. Flood or earthquake damage is not covered under a basic homeowners policy, we can help you review the best coverage option for your home in 02141.

Massachusetts is now ranking #8 in the country for the highest premiums. If you are trying to lower your premium and want to compare up to 12 Cambridge home insurance quotes all in one place then GetHomeInsuranceQuotes.com of Massachusetts has the online shopping service for you. Our hassle free online quoting application allows homeowners in the 02141 area to review and compare the best rates and coverage options. We can provide a free consultation process to help you decide which carrier, coverage and policy is the best fit for you and your family. We realize that protecting your most valuable investment is very important to you, that is why we want to help you increase your coverage while providing the most affordable rates available. Let us help you shop and compare your Cambridge, Massachusetts home insurance rates today!

Please give us a call now at 1-855-976-2656, easily get up to 12 rates over the phone in minutes. For Cambridge, MA Home Insurance Quotes, start your shopping process to today, it's easy and hassle free!

02141 Home Insurance Average Premiums

Local 02141 homeowners insurance quotes comparison

$979 /yr.

Shows Zip Code: 02141 lowest rates with discounts applied on average.

For the 02141, 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)
$979 /yr.
Average Coverage:$1229 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1529 /yr.

What is the average home insurance cost for a home in 02141?

  • • The average homeowners insurance premium paid annually for a home in 02141 is around $1229 per year.

What does it cost on average per month for home insurance in 02141?

  • • Homeowners in 02141 pay a monthly average cost per month around $102.00.

What kind of discount could I get if I combine my home and auto insurance together in 02141?

  • • Autoowners in 02141 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 Cambridge area, check out other zip codes nearby 02141.
Review average rates in another zip code:
02142 homeowners insurance rates
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Home Replacement Cost Coverage in 02141

Average Building Cost Per Square Foot in 02141: $271

Location: Cambridge, Massachusetts (Middlesex County)

Average Square Footage in 02141: 2,731 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 02141 before you start any project. Cambridge 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 02141 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 02141 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,731 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 Cambridge 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$2712,731$740,100
Additional Upgrades & Added Features$3392,731$925,125
Major Home Updates or Advancements$4072,731$1,110,150

It's important to understand that when you estimate your replacement cost of your home in the 02141 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 02141

Best Home & Auto Insurance Agencies in 02141

KW Insurance

Address: 657 Cambridge St Cambridge, MA 02141
Phone:
Website: http://www.kwinsurance.com/
Info:

Cambridge Insurance Agency Auto & Home

Address: 316 Cambridge St Cambridge, MA 02141
Phone:
Website:
Info:

Fucillo & Sasso Insurance Agency

Address: 599 Cambridge St Cambridge, MA 02141
Phone:
Website: http://www.fucillosassoinsurance.com/
Info:

Housing Demographics for 02141

Population Review for 02141 Zip Code

For the city of Cambridge, the population within 02141 has increased to over 16,077 residents in population size. The current population total is 15,130. We have broken down the population based on race below. In 02141, there are over 7733 in male population and 7397 females.

PopulationValues
Total Population15,130
White Population8678
Black Population1221
Hispanic Population1842
Asian Population2813
Hawaiian Population5
Indian Population33
Other Population840
Male Population7733
Female Population7397
Population Estimate16077

Household Data for 02141

The average number of homes in 02141 is around 7,348, there are an average of 1.99 per household. The average house value according to local real estate values is around $740,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode7,348
Persons Per Household1.99
Average House Value$740,100
Income Per Household$96563
Median Age31.0
Median Age Male30.6
Median Age Female31.5
02141 DetailsValues
StateMA
State Full NameMassachusetts
City TypeP
City Alias Abbreviation
Area Code617/781/857/339/978/508
CityCambridge
City Alias NameCAMBRIDGE
CountyMiddlesex
County FIPS017
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 Businesses389
Number Of Employees14403
Business First Quarter Payroll543695
Business Annual Payroll1872232
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 District07
Congressional LandArea62.67
Delivery Residential8079
Delivery Business522
Delivery Total9253
Preferred Last Line KeyV21576
Classification Code
Multi-County
CSA NameBoston-Worcester-Providence, MA-RI-NH
CBSA_DIV_NameCambridge-Newton-Framingham, MA
City State KeyV21576
Land Area0.609000
Water Area0.010000
City Alias Code
City Mixed CaseCambridge
City Alias Mixed CaseCambridge
Box Count153
SFDU2728
MFDU5258
State ANSI25
County ANSI017
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number241065
Unique ZIP Name
SSA State County Code22090
Medicare CBSA Code15764
Medicare CBSA NameCambridge-Newton-Framingham, MA
Medicare CBSA TypeMetro
Market Rating Area ID0
County Mixed CaseMiddlesex

Massachusetts Homeowners Insurance News & Information

  • 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 […]

  • Are homeowners insurance companies increasing deductibles?  Posted on Thursday 22nd August, 2024

    This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket.   As the cost of claims increases, particularly […]