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02145 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 02145? There are over 11,350 occupied homes in the 02145 area. With a population size of 27,520, it's not uncommon for residence of Somerville, MA to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Massachusetts is around $1,332 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 02145 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Somerville, MA Home Insurance Rate Quotes

02145 Home Insurance Average Premiums

Local 02145 homeowners insurance quotes comparison

$1082 /yr.

Shows Zip Code: 02145 lowest rates with discounts applied on average.

For the 02145, 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)		$1082 /yr.
Average Coverage:$1332 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1632 /yr.

What is the average home insurance cost for a home in 02145?

  • • The average homeowners insurance premium paid annually for a home in 02145 is around $1332 per year.

What does it cost on average per month for home insurance in 02145?

  • • Homeowners in 02145 pay a monthly average cost per month around $111.00.

What kind of discount could I get if I combine my home and auto insurance together in 02145?

  • • Autoowners in 02145 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 02145.
Review average rates in another zip code:
02143 homeowners insurance rates
02144 homeowners insurance rates
02145 homeowners insurance rates

Home Replacement Cost Coverage in 02145

Average Building Cost Per Square Foot in 02145: $271

Location: Somerville, Massachusetts (Middlesex County)

Average Square Footage in 02145: 2,537 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 02145 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 02145 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 02145 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,537 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$2712,537$687,600
Additional Upgrades & Added Features$3392,537$859,500
Major Home Updates or Advancements$4072,537$1,031,400

It's important to understand that when you estimate your replacement cost of your home in the 02145 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 02145

Best Home & Auto Insurance Agencies in 02145

Housing Demographics for 02145

Population Review for 02145 Zip Code

For the city of Somerville, the population within 02145 has increased to over 27,861 residents in population size. The current population total is 27,520. We have broken down the population based on race below. In 02145, there are over 13765 in male population and 13755 females.

PopulationValues
Total Population27,520
White Population15732
Black Population2110
Hispanic Population5045
Asian Population2805
Hawaiian Population18
Indian Population111
Other Population3192
Male Population13765
Female Population13755
Population Estimate27861

Household Data for 02145

The average number of homes in 02145 is around 11,350, there are an average of 2.42 per household. The average house value according to local real estate values is around $687,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,350
Persons Per Household2.42
Average House Value$687,600
Income Per Household$99035
Median Age32.5
Median Age Male32.3
Median Age Female32.8
02145 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 Businesses436
Number Of Employees5191
Business First Quarter Payroll93189
Business Annual Payroll328841
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 Residential11513
Delivery Business712
Delivery Total12452
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 Area1.391000
Water Area0.089000
City Alias Code
City Mixed CaseSomerville
City Alias Mixed CaseSomerville
Box Count180
SFDU6723
MFDU4693
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

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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 […]