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07514 Home Insurance Rates

For homeowners living in 07514, the population estimates are increasing to well over 19,200 with 6,392 occupied homes within the zip code of 07514. Homeowners like you are dicovering up to 40% or more in savings when they shop their new home insurance policy online. At GetHomeInsuranceQuotes.com, we provide homeowners a free shopping service that allows you to easily compare up to 12 competitive quotes for free. Home insurance premiums in Paterson have increased and the average home insurance premium is around $913 per year in 07514. With our online quoting services and hassle free consultation, we can help you apply all the available discounts you need, plus review the best coverage and carrier option for you. Enter your 07514 zip code today so we can help you find affordable Paterson, NJ home insurance premiums.

Compare Multiple Homeowners Insurance Rates in 07514

Please select one of the three options below based on your 07514 zip code to learn more about New Jersey homeowners insurance, plus review average rates and information per state, county or city.

  1. New Jersey Homeowners Insurance Quotes
  2. Passaic County, NJ Home Insurance
  3. Paterson, NJ Home Insurance Quotes

07514 Average Home Insurance Rating Cost is: High!

Getting cheaper homeowners insurance in the 07514 zip code just got easier with GetHomeInsuranceQuotes.com of Paterson, NJ. A homeowners policy consists of a combined property and casualty coverage for your home. To insure your home for a variety of risks like fire, theft, windstorm damage or liability accidents, it's important to get the right home insurance coverage. A standard HO-3 homeowners policy will help you get the basic coverage you need. Their are multiple home insurance types and we can help you get the savings you are looking for you in your insurance cost, plus the enhanced coverage you need so you have the protection when you need it most. Shop your home in 07514 today and let us help you review the best home insurance quotes available for homeowners living in Paterson.

Get 07514 Homeowners Insurance Rates Now!

07514 Home Insurance Average Premiums

Local 07514 homeowners insurance quotes comparison

$663 /yr.

Shows Zip Code: 07514 lowest rates with discounts applied on average.

For the 07514, 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)		$663 /yr.
Average Coverage:$913 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1213 /yr.

What is the average home insurance cost for a home in 07514?

  • • The average homeowners insurance premium paid annually for a home in 07514 is around $913 per year.

What does it cost on average per month for home insurance in 07514?

  • • Homeowners in 07514 pay a monthly average cost per month around $76.00.

What kind of discount could I get if I combine my home and auto insurance together in 07514?

  • • Autoowners in 07514 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 Paterson area, check out other zip codes nearby 07514.
Review average rates in another zip code:
07504 homeowners insurance rates
07513 homeowners insurance rates
07514 homeowners insurance rates
07501 homeowners insurance rates
07503 homeowners insurance rates
07502 homeowners insurance rates
07505 homeowners insurance rates
07524 homeowners insurance rates
07522 homeowners insurance rates

Home Replacement Cost Coverage in 07514

Average Building Cost Per Square Foot in 07514: $193

Location: Paterson, New Jersey (Passaic County)

Average Square Footage in 07514: 1,218 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 07514 before you start any project. Paterson 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 07514 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 07514 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,218 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 Paterson 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$1931,218$235,000
Additional Upgrades & Added Features$2411,218$293,750
Major Home Updates or Advancements$2901,218$352,500

It's important to understand that when you estimate your replacement cost of your home in the 07514 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 07514

Best Home & Auto Insurance Agencies in 07514

Housing Demographics for 07514

Population Review for 07514 Zip Code

For the city of Paterson, the population within 07514 has increased to over 18,161 residents in population size. The current population total is 19,200. We have broken down the population based on race below. In 07514, there are over 8884 in male population and 10316 females.

PopulationValues
Total Population19,200
White Population1826
Black Population7155
Hispanic Population10956
Asian Population123
Hawaiian Population11
Indian Population512
Other Population7105
Male Population8884
Female Population10316
Population Estimate18161

Household Data for 07514

The average number of homes in 07514 is around 6,392, there are an average of 2.97 per household. The average house value according to local real estate values is around $235,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode6,392
Persons Per Household2.97
Average House Value$235,000
Income Per Household$53254
Median Age36.1
Median Age Male35.0
Median Age Female37.5
07514 DetailsValues
StateNJ
State Full NameNew Jersey
City TypeP
City Alias Abbreviation
Area Code201/973
CityPaterson
City Alias NamePATERSON
CountyPassaic
County FIPS031
State FIPS34
Time Zone5
Day Light SavingY
MSA5602
PMSA0875
CSA408
CBSA35620
CBSA_DIV35614
CBSA_TypeMetro
CBSA_NameNew York-Newark-Jersey City, NY-NJ
MSA_NameNew York-Northern New Jersey-Long Island, NY-NJ-CT-PA
PMSA_NameBergen-Passaic, NJ PMSA
RegionNortheast
DivisionMiddle Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses290
Number Of Employees3017
Business First Quarter Payroll29914
Business Annual Payroll141943
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population18897109
CBSA Division Population11576251
Congressional District09
Congressional LandArea95.34
Delivery Residential6115
Delivery Business446
Delivery Total6732
Preferred Last Line KeyV11161
Classification Code
Multi-County
CSA NameNew York-Newark, NY-NJ-CT-PA
CBSA_DIV_NameNew York-Jersey City-White Plains, NY-NJ
City State KeyV11161
Land Area0.928000
Water Area0.057000
City Alias Code
City Mixed CasePaterson
City Alias Mixed CasePaterson
Box Count0
SFDU3631
MFDU1912
State ANSI34
County ANSI031
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number336420
Unique ZIP Name
SSA State County Code31320
Medicare CBSA Code35614
Medicare CBSA NameNew York-Jersey City-White Plains, NY-NJ
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CasePassaic

New Jersey Homeowners Insurance News & Information

  • 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, […]

  • 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 […]