Get multiple home insurance quotes in 02143. Our licensed 02143, MA agents are ready to serve you.

Compare 02143 Home Insurance Rates

Are you looking to easily compare home insurance prices online for your home in the 02143 area? The average homeowners premium in Massachusetts for a standard homeowners policy is around $1,268/yr., paid annually through your mortgage provider if your home is not currently paid in full. A standard policy for your home is referred to as an HO-3 policy which is the most common homeowners policy. This type of policy covers all perils, but will exclude certain major perils like flood and earthquake damage. The exceptions are listed on your current policy so it is important to know what type of coverage you currently have so you can compare the best home insurance rates, companies and policy protection. In the 02143 zip code, the population size is around 26,022 with 11,730 currently occupied homeowners. Our online quoting process helps make it easy for you to shop and compare the best home insurance rates for your home in 02143.

Please give us a call now at 1-855-976-2656, and easily get up to 12 rates over the phone in minutes. Easily shop the best rates for Somerville, MA Homeowners Insurance. Compare companies, quotes, coverages and more.

Avg. MA RateDiscountsSavingsShop Rates
$1,667up to 40% off$667

02143 Home Insurance Average Premiums

Local 02143 homeowners insurance quotes comparison

$1018 /yr.

Shows Zip Code: 02143 lowest rates with discounts applied on average.

For the 02143, 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)		$1018 /yr.
Average Coverage:$1268 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1568 /yr.

What is the average home insurance cost for a home in 02143?

  • • The average homeowners insurance premium paid annually for a home in 02143 is around $1268 per year.

What does it cost on average per month for home insurance in 02143?

  • • Homeowners in 02143 pay a monthly average cost per month around $106.00.

What kind of discount could I get if I combine my home and auto insurance together in 02143?

  • • Autoowners in 02143 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 Somerville area, check out other zip codes nearby 02143.
Review average rates in another zip code:
02144 homeowners insurance rates
02145 homeowners insurance rates
02143 homeowners insurance rates

Home Replacement Cost Coverage in 02143

Average Building Cost Per Square Foot in 02143: $271

Location: Somerville, Massachusetts (Middlesex County)

Average Square Footage in 02143: 2,818 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 02143 before you start any project. Somerville 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 02143 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 02143 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,818 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 Somerville 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$2712,818$763,700
Additional Upgrades & Added Features$3392,818$954,625
Major Home Updates or Advancements$4072,818$1,145,550

It's important to understand that when you estimate your replacement cost of your home in the 02143 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 02143

Best Home & Auto Insurance Agencies in 02143

Housing Demographics for 02143

Population Review for 02143 Zip Code

For the city of Somerville, the population within 02143 has increased to over 25,267 residents in population size. The current population total is 26,022. We have broken down the population based on race below. In 02143, there are over 12778 in male population and 13244 females.

PopulationValues
Total Population26,022
White Population18219
Black Population989
Hispanic Population2317
Asian Population3039
Hawaiian Population5
Indian Population53
Other Population1259
Male Population12778
Female Population13244
Population Estimate25267

Household Data for 02143

The average number of homes in 02143 is around 11,730, there are an average of 2.20 per household. The average house value according to local real estate values is around $763,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,730
Persons Per Household2.20
Average House Value$763,700
Income Per Household$111201
Median Age32.0
Median Age Male32.0
Median Age Female32.0
02143 DetailsValues
StateMA
State Full NameMassachusetts
City TypeN
City Alias Abbreviation
Area Code617/857
CitySomerville
City Alias NameSOMERVILLE
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 Businesses661
Number Of Employees11167
Business First Quarter Payroll154093
Business Annual Payroll660723
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 District05|07
Congressional LandArea265.08|62.67
Delivery Residential11485
Delivery Business828
Delivery Total12448
Preferred Last Line Key016722
Classification Code
Multi-County
CSA NameBoston-Worcester-Providence, MA-RI-NH
CBSA_DIV_NameCambridge-Newton-Framingham, MA
City State Key016722
Land Area1.545000
Water Area0.000000
City Alias Code
City Mixed CaseSomerville
City Alias Mixed CaseSomerville
Box Count94
SFDU6840
MFDU4598
State ANSI25
County ANSI017
ZIP Intro
Alias Intro
Facility CodeN
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number240070
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

  • 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, […]

  • 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 […]