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07054 Homeowners Insurance Quotes & Coverage Options
If you are looking to lower the cost of your homeowners insurance policy you have come to the right place. We have helped thousands of shoppers in 07054 zip code find a great new policy that offers the coverage they need at a price they can afford.
GetHomeInsuranceQuotes.com makes shopping for a new policy in Parsippany, NJ quick and easy. Our rates are super competitive and our agents can advise you on what coverages you need in 07054.
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If you are ready to start shopping for a great policy simply click the "Get Multiple Quotes Now" button, enter 07054 and start shopping.
Quickly and Easily Compare Average Rates for 07054
You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Parsippany, NJ home insurance quotes in your local city and review the most competitive coverages and premiums.
Average Policy Rates in 07054
Homeowners in Parsippany are paying roughly $932 per year for a homeowners policy. We can help you shave up to 40 percent off of your current homeowners premium. Get started now and shop up to 12 insurance quotes from nationwide insurers right now.
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07054 Home Insurance Average Premiums
$682 /yr.
Shows Zip Code: 07054 lowest rates with discounts applied on average.
For the 07054, 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) | $682 /yr. |
| Average Coverage: | $932 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1232 /yr. |
What is the average home insurance cost for a home in 07054?
- • The average homeowners insurance premium paid annually for a home in 07054 is around $932 per year.
What does it cost on average per month for home insurance in 07054?
- • Homeowners in 07054 pay a monthly average cost per month around $78.00.
What kind of discount could I get if I combine my home and auto insurance together in 07054?
- • Autoowners in 07054 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 Parsippany area, check out other zip codes nearby 07054.
Review average rates in another zip code:
07054 homeowners insurance rates
Home Replacement Cost Coverage in 07054
Average Building Cost Per Square Foot in 07054: $193
Location: Parsippany, New Jersey (Morris County)Average Square Footage in 07054: 2,484 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 07054 before you start any project. Parsippany homeowners pay on average around $193 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 07054 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 07054 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,484 sq. ft. and the average cost to rebuild the home in this area is around $193 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 Parsippany 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 | $193 | 2,484 | $479,500 |
| Additional Upgrades & Added Features | $241 | 2,484 | $599,375 |
| Major Home Updates or Advancements | $290 | 2,484 | $719,250 |
It's important to understand that when you estimate your replacement cost of your home in the 07054 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 07054
Allstate Insurance - Arthur D. Deeks
Address: 820 Us Hwy 46 Parsippany, NJ 07054Phone: (973)335-3888
Website:
Aon Risk Services Inc
Address: 299 Cherry Hill Rd Parsippany, NJ 07054Phone: (201)335-0800
Website:
Best Home & Auto Insurance Agencies in 07054
Aon Risk Services Inc
Address: 299 Cherry Hill Rd Parsippany, NJ 07054Phone:
Website:
Info:
M J Lieberman & Co
Address: 8 Wood Hollow Rd Parsippany, NJ 07054Phone:
Website:
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New York Life
Address: 260 Cherry Hill Rd Parsippany, NJ 07054Phone:
Website:
Info:
Bumiller- Roy - State Farm Insurance Agent
Address: 1220 US-46 Parsippany, NJ 07054Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
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Allstate Insurance - Arthur D. Deeks
Address: 820 US-46 Parsippany, NJ 07054Phone:
Website:
Info:
Housing Demographics for 07054
Population Review for 07054 Zip Code
For the city of Parsippany, the population within 07054 has increased to over 30,415 residents in population size. The current population total is 30,228. We have broken down the population based on race below. In 07054, there are over 14885 in male population and 15343 females.
| Population | Values |
|---|---|
| Total Population | 30,228 |
| White Population | 12569 |
| Black Population | 964 |
| Hispanic Population | 2995 |
| Asian Population | 13326 |
| Hawaiian Population | 7 |
| Indian Population | 72 |
| Other Population | 1236 |
| Male Population | 14885 |
| Female Population | 15343 |
| Population Estimate | 30415 |
Household Data for 07054
The average number of homes in 07054 is around 11,672, there are an average of 2.57 per household. The average house value according to local real estate values is around $479,500. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 11,672 |
| Persons Per Household | 2.57 |
| Average House Value | $479,500 |
| Income Per Household | $100778 |
| Median Age | 40.7 |
| Median Age Male | 39.8 |
| Median Age Female | 41.6 |
| 07054 Details | Values |
|---|---|
| State | NJ |
| State Full Name | New Jersey |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 862 |
| City | Parsippany |
| City Alias Name | PARSIPPANY |
| County | Morris |
| County FIPS | 027 |
| State FIPS | 34 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | 5602 |
| PMSA | 5640 |
| CSA | 408 |
| CBSA | 35620 |
| CBSA_DIV | 35084 |
| CBSA_Type | Metro |
| CBSA_Name | New York-Newark-Jersey City, NY-NJ |
| MSA_Name | New York-Northern New Jersey-Long Island, NY-NJ-CT-PA |
| PMSA_Name | Newark, NJ PMSA |
| Region | Northeast |
| Division | Middle Atlantic |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 1676 |
| Number Of Employees | 49884 |
| Business First Quarter Payroll | 1536433 |
| Business Annual Payroll | 5464973 |
| 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 | 18897109 |
| CBSA Division Population | 2090358 |
| Congressional District | 11 |
| Congressional LandArea | 504.97 |
| Delivery Residential | 11835 |
| Delivery Business | 1608 |
| Delivery Total | 16659 |
| Preferred Last Line Key | V11155 |
| Classification Code | |
| Multi-County | |
| CSA Name | New York-Newark, NY-NJ-CT-PA |
| CBSA_DIV_Name | Newark, NJ |
| City State Key | V11155 |
| Land Area | 13.830000 |
| Water Area | 0.383000 |
| City Alias Code | |
| City Mixed Case | Parsippany |
| City Alias Mixed Case | Parsippany |
| Box Count | 203 |
| SFDU | 6267 |
| MFDU | 1041 |
| State ANSI | 34 |
| County ANSI | 027 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 336390 |
| Unique ZIP Name | |
| SSA State County Code | 31300 |
| Medicare CBSA Code | 35084 |
| Medicare CBSA Name | Newark, NJ-PA |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 1 |
| County Mixed Case | Morris |
New Jersey Homeowners Insurance News & Information
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Buy Flood Insurance: What we learned from Hurricane Ida Posted on Monday 20th September, 2021
On September 2, 2021, Parked cars in New Brunswick, New Jersey submerged underwater after Tropical Storm Ida. Hurricane Ida struck Louisiana as a category 4 hurricane with 150 mile an hour winds and days later hit New Jersey, New York, and other states with a massive amount of rain that has caused numerous flash floods, […]
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FEMA’s new rating system is called “Risk Rating 2.0,” effective October 1st, 2021 Posted on Wednesday 28th April, 2021
A recent report by ValuePenguin looked at the new risk ratings that the Federal Emergency Management Agency’s (FEMA) will be using when determining premiums for flood insurance in the National Flood Insurance Program (NFIP). The report found that millions of homeowners could see noticeable increases in flood insurance costs. FEMA’s new rating system is called […]