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Quickly Revew Homeowners Insurance in 02176
If you own a home in Melrose, MA you need a great homeowners policy to protect your home and possessions. Industry experts recommend shopping your homeowners insurance on a yearly basis to ensure that you are getting the best price and coverage levels.
GetHomeInsuranceQuotes.com can help you shop your coverage and find the best policy for your home in 02176 zip code. Our service is always free and we will gather quotes from up to 12 nationwide insurers so you can see all of your homeowners insurance options in one place. Our Massachusetts licensed agents will also review your needs and make sure you have the appropriate coverage for your home.
If you want to see real savings on the cost of homeowners insurance start shopping GetHomeInsuranceQuotes.com right now. Get started by clicking the Get Multiple Quotes Now" button below, verify your 02176 and start comparing rates now.
02176 Homeowners Insurance Rates Are Considered: very high!
The average rate for a standard homeowners policy in 02176 is $1239 according to industry data. We can help you achieve substantial savings by using our online quoting process to find the best policy for your specific home. We will also make sure you are fully covered. Insurance policies and coverage levels vary so it is key to fully understand your policy and what it covers as well as any coverage limitations.
We only deal with reputable, nationwide insurers so you can be confident that if you do need to make a claim it will be handled quickly and fairly. It’s time to start shopping for a new policy.
Get 02176 Home Insurance Rate Quotes Right Now!
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02176 Home Insurance Average Premiums
$989 /yr.
Shows Zip Code: 02176 lowest rates with discounts applied on average.
For the 02176, 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) | $989 /yr. |
| Average Coverage: | $1239 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1539 /yr. |
What is the average home insurance cost for a home in 02176?
- • The average homeowners insurance premium paid annually for a home in 02176 is around $1239 per year.
What does it cost on average per month for home insurance in 02176?
- • Homeowners in 02176 pay a monthly average cost per month around $103.00.
What kind of discount could I get if I combine my home and auto insurance together in 02176?
- • Autoowners in 02176 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 Melrose area, check out other zip codes nearby 02176.
Review average rates in another zip code:
02176 homeowners insurance rates
Home Replacement Cost Coverage in 02176
Average Building Cost Per Square Foot in 02176: $271
Location: Melrose, Massachusetts (Middlesex County)Average Square Footage in 02176: 2,359 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 02176 before you start any project. Melrose 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 02176 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 02176 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,359 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 Melrose 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 | 2,359 | $639,400 |
| Additional Upgrades & Added Features | $339 | 2,359 | $799,250 |
| Major Home Updates or Advancements | $407 | 2,359 | $959,100 |
It's important to understand that when you estimate your replacement cost of your home in the 02176 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 02176
Best Home & Auto Insurance Agencies in 02176
Housing Demographics for 02176
Population Review for 02176 Zip Code
For the city of Melrose, the population within 02176 has increased to over 29,948 residents in population size. The current population total is 29,817. We have broken down the population based on race below. In 02176, there are over 14171 in male population and 15646 females.
| Population | Values |
|---|---|
| Total Population | 29,817 |
| White Population | 24004 |
| Black Population | 968 |
| Hispanic Population | 1353 |
| Asian Population | 2220 |
| Hawaiian Population | 8 |
| Indian Population | 32 |
| Other Population | 514 |
| Male Population | 14171 |
| Female Population | 15646 |
| Population Estimate | 29948 |
Household Data for 02176
The average number of homes in 02176 is around 12,141, there are an average of 2.44 per household. The average house value according to local real estate values is around $639,400. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 12,141 |
| Persons Per Household | 2.44 |
| Average House Value | $639,400 |
| Income Per Household | $125000 |
| Median Age | 40.7 |
| Median Age Male | 39.5 |
| Median Age Female | 41.6 |
| 02176 Details | Values |
|---|---|
| State | MA |
| State Full Name | Massachusetts |
| City Type | B |
| City Alias Abbreviation | |
| Area Code | 781/339/617 |
| City | Melrose |
| City Alias Name | MELROSE |
| County | Middlesex |
| County FIPS | 017 |
| 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 | 518 |
| Number Of Employees | 4663 |
| Business First Quarter Payroll | 49631 |
| Business Annual Payroll | 254822 |
| 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 | 05 |
| Congressional LandArea | 265.08 |
| Delivery Residential | 12274 |
| Delivery Business | 553 |
| Delivery Total | 13608 |
| Preferred Last Line Key | V22047 |
| Classification Code | |
| Multi-County | |
| CSA Name | Boston-Worcester-Providence, MA-RI-NH |
| CBSA_DIV_Name | Cambridge-Newton-Framingham, MA |
| City State Key | V22047 |
| Land Area | 4.683000 |
| Water Area | 0.085000 |
| City Alias Code | |
| City Mixed Case | Melrose |
| City Alias Mixed Case | Melrose |
| Box Count | 154 |
| SFDU | 8645 |
| MFDU | 3553 |
| State ANSI | 25 |
| County ANSI | 017 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | B |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 240065 |
| Unique ZIP Name | |
| SSA State County Code | 22090 |
| Medicare CBSA Code | 15764 |
| Medicare CBSA Name | Cambridge-Newton-Framingham, MA |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 0 |
| County Mixed Case | Middlesex |
Massachusetts Homeowners Insurance News & Information
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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 […]
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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 […]