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Compare multiple home insurance rates for your home in Summit just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 8,451 neighbors looking to save on their home insurance policy in the local 07901 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 07901. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best New Jersey rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Summit, NJ home insurance rates today!
For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Summit, NJ
07901 Home Insurance Average Premiums
$729 /yr.
Shows Zip Code: 07901 lowest rates with discounts applied on average.
For the 07901, 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) | $729 /yr. |
| Average Coverage: | $979 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1279 /yr. |
What is the average home insurance cost for a home in 07901?
- • The average homeowners insurance premium paid annually for a home in 07901 is around $979 per year.
What does it cost on average per month for home insurance in 07901?
- • Homeowners in 07901 pay a monthly average cost per month around $82.00.
What kind of discount could I get if I combine my home and auto insurance together in 07901?
- • Autoowners in 07901 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 Summit area, check out other zip codes nearby 07901.
Review average rates in another zip code:
07901 homeowners insurance rates
Home Replacement Cost Coverage in 07901
Average Building Cost Per Square Foot in 07901: $193
Location: Summit, New Jersey (Union County)Average Square Footage in 07901: 4,351 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 07901 before you start any project. Summit 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 07901 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 07901 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 4,351 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 Summit 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 | 4,351 | $839,700 |
| Additional Upgrades & Added Features | $241 | 4,351 | $1,049,625 |
| Major Home Updates or Advancements | $290 | 4,351 | $1,259,550 |
It's important to understand that when you estimate your replacement cost of your home in the 07901 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 07901
Allstate Insurance - James J Fitzsimmons
Address: 469 Morris Avenue Summit, NJ 07901Phone: (908)598-9302
Website:
Best Home & Auto Insurance Agencies in 07901
Jimenez, Glisel M, Chfc - State Farm Insurance Agent
Address: 26 Morris Ave Summit, NJ 07901Phone:
Website: http://www.northjersey.citysearch.com/profile/external/604462162/summit_nj/jimenez_glisel_m_chfc_state_farm_insurance_agent.html
Info:
Sweeney- Herbert A - State Farm Insurance Agent
Address: 35 Beechwood Rd, #3d Summit, NJ 07901Phone:
Website:
Info:
Allstate Insurance - James J Fitzsimmons
Address: 469 Morris Ave Summit, NJ 07901Phone:
Website:
Info:
Jimenez- Glisel M - State Farm Insurance Agent
Address: 35 Beechwood Rd, #2d Summit, NJ 07901Phone:
Website: http://www.gliseljimenez.com
Info:
Sweeney, Bert - State Farm Insurance Agent
Address: 35 Beechwood Rd Summit, NJ 07901Phone:
Website: http://www.northjersey.citysearch.com/profile/external/46272859/summit_nj/sweeney_bert_state_farm_insurance_agent.html
Info:
Housing Demographics for 07901
Population Review for 07901 Zip Code
For the city of Summit, the population within 07901 has increased to over 24,723 residents in population size. The current population total is 24,199. We have broken down the population based on race below. In 07901, there are over 11787 in male population and 12412 females.
| Population | Values |
|---|---|
| Total Population | 24,199 |
| White Population | 16466 |
| Black Population | 1012 |
| Hispanic Population | 3431 |
| Asian Population | 2651 |
| Hawaiian Population | 9 |
| Indian Population | 59 |
| Other Population | 1228 |
| Male Population | 11787 |
| Female Population | 12412 |
| Population Estimate | 24723 |
Household Data for 07901
The average number of homes in 07901 is around 8,451, there are an average of 2.85 per household. The average house value according to local real estate values is around $839,700. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 8,451 |
| Persons Per Household | 2.85 |
| Average House Value | $839,700 |
| Income Per Household | $148945 |
| Median Age | 39.8 |
| Median Age Male | 39.1 |
| Median Age Female | 40.4 |
| 07901 Details | Values |
|---|---|
| State | NJ |
| State Full Name | New Jersey |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 908 |
| City | Summit |
| City Alias Name | SUMMIT |
| County | Union |
| County FIPS | 039 |
| 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 | 860 |
| Number Of Employees | 13719 |
| Business First Quarter Payroll | 824388 |
| Business Annual Payroll | 2512562 |
| 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 | 07 |
| Congressional LandArea | 970.19 |
| Delivery Residential | 8675 |
| Delivery Business | 859 |
| Delivery Total | 9519 |
| Preferred Last Line Key | V11525 |
| Classification Code | |
| Multi-County | |
| CSA Name | New York-Newark, NY-NJ-CT-PA |
| CBSA_DIV_Name | Newark, NJ |
| City State Key | V11525 |
| Land Area | 6.333000 |
| Water Area | 0.044000 |
| City Alias Code | |
| City Mixed Case | Summit |
| City Alias Mixed Case | Summit |
| Box Count | 0 |
| SFDU | 6940 |
| MFDU | 676 |
| State ANSI | 34 |
| County ANSI | 039 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 338295 |
| Unique ZIP Name | |
| SSA State County Code | 31370 |
| Medicare CBSA Code | 35084 |
| Medicare CBSA Name | Newark, NJ-PA |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 1 |
| County Mixed Case | Union |
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 […]