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02462 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 02462? There are over 543 occupied homes in the 02462 area. With a population size of 1,569, it's not uncommon for residence of Newton Lower Falls, 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 $1,116 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 02462 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: Newton Lower Falls, MA Home Insurance Rate Quotes

02462 Home Insurance Average Premiums

Local 02462 homeowners insurance quotes comparison

$866 /yr.

Shows Zip Code: 02462 lowest rates with discounts applied on average.

For the 02462, 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)
$866 /yr.
Average Coverage:$1116 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1416 /yr.

What is the average home insurance cost for a home in 02462?

  • • The average homeowners insurance premium paid annually for a home in 02462 is around $1116 per year.

What does it cost on average per month for home insurance in 02462?

  • • Homeowners in 02462 pay a monthly average cost per month around $93.00.

What kind of discount could I get if I combine my home and auto insurance together in 02462?

  • • Autoowners in 02462 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 Newton Lower Falls area, check out other zip codes nearby 02462.
Review average rates in another zip code:
02462 homeowners insurance rates

Home Replacement Cost Coverage in 02462

Average Building Cost Per Square Foot in 02462: $271

Location: Newton Lower Falls, Massachusetts (Middlesex County)

Average Square Footage in 02462: 3,720 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 02462 before you start any project. Newton Lower Falls 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 02462 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 02462 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 3,720 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 Newton Lower Falls 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$2713,720$1,008,200
Additional Upgrades & Added Features$3393,720$1,260,250
Major Home Updates or Advancements$4073,720$1,512,300

It's important to understand that when you estimate your replacement cost of your home in the 02462 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 02462

Best Home & Auto Insurance Agencies in 02462

Housing Demographics for 02462

Population Review for 02462 Zip Code

For the city of Newton Lower Falls, the population within 02462 has increased to over 1,628 residents in population size. The current population total is 1,569. We have broken down the population based on race below. In 02462, there are over 697 in male population and 872 females.

PopulationValues
Total Population1,569
White Population1106
Black Population40
Hispanic Population57
Asian Population314
Hawaiian Population4
Indian Population0
Other Population24
Male Population697
Female Population872
Population Estimate1628

Household Data for 02462

The average number of homes in 02462 is around 543, there are an average of 2.51 per household. The average house value according to local real estate values is around $1,008,200. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode543
Persons Per Household2.51
Average House Value$1,008,200
Income Per Household$91944
Median Age51.4
Median Age Male49.2
Median Age Female53.6
02462 DetailsValues
StateMA
State Full NameMassachusetts
City TypeB
City Alias AbbreviationNEWTON L F
Area Code617
CityNewton Lower Falls
City Alias NameNEWTON LOWER FALLS
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 Businesses105
Number Of Employees5627
Business First Quarter Payroll121317
Business Annual Payroll552598
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 District04
Congressional LandArea668.27
Delivery Residential649
Delivery Business125
Delivery Total887
Preferred Last Line KeyV22177
Classification Code
Multi-County
CSA NameBoston-Worcester-Providence, MA-RI-NH
CBSA_DIV_NameCambridge-Newton-Framingham, MA
City State KeyV22177
Land Area0.698000
Water Area0.024000
City Alias Code
City Mixed CaseNewton Lower Falls
City Alias Mixed CaseNewton Lower Falls
Box Count42
SFDU399
MFDU250
State ANSI25
County ANSI017
ZIP Intro
Alias Intro
Facility CodeB
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number240013
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

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