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Home Insurance Rates in 08061

For homeowners shopping online in 08061, our insurance rates are very competitive for homeowners living in Mount Royal, NJ. Many homeowners based out of the great city of Mount Royal have found it very easy to shop with GetHomeInsuranceQuotes.com. The reason is because we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our New Jersey licensed agents can provide a free consultation service to you that allows you to ask questions about which rates and coverage options are best suited for you and your family. To get free home insurance quotes in 08061, simply click the "Get Multiple Quotes Now" button. Your 08061 should appear in the zip code field ready to go. We only need some basic home information to start running multiple quotes for you. Mount Royal, NJ Home Insurance Rate Quotes are available for you, we easily review and compare multiple coverage and rate options.

08061 Home Insurance Rating is: High!

If you live in 08061, you can easily save up to 40% off the average home insurance premium of $964 a year by letting us help you compare the best rate and coverage option for your home. We can compare up to 12 major top rated home insurance companies all at once. We also will do a professional analysis to determine which coverage is best suited to cover the risk that you need. Home insurance in Mount Royal can come in a variety of different packages, it's important to understand which homeowners policy is best. Let us help you compare home insurance rates in 08061 today!

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08061 Home Insurance Average Premiums

Local 08061 homeowners insurance quotes comparison

$714 /yr.

Shows Zip Code: 08061 lowest rates with discounts applied on average.

For the 08061, 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)
$714 /yr.
Average Coverage:$964 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1264 /yr.

What is the average home insurance cost for a home in 08061?

  • • The average homeowners insurance premium paid annually for a home in 08061 is around $964 per year.

What does it cost on average per month for home insurance in 08061?

  • • Homeowners in 08061 pay a monthly average cost per month around $80.00.

What kind of discount could I get if I combine my home and auto insurance together in 08061?

  • • Autoowners in 08061 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 Mount Royal area, check out other zip codes nearby 08061.
Review average rates in another zip code:
08061 homeowners insurance rates

Home Replacement Cost Coverage in 08061

Average Building Cost Per Square Foot in 08061: $193

Location: Mount Royal, New Jersey (Gloucester County)

Average Square Footage in 08061: 1,606 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 08061 before you start any project. Mount Royal 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 08061 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 08061 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,606 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 Mount Royal 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$1931,606$310,000
Additional Upgrades & Added Features$2411,606$387,500
Major Home Updates or Advancements$2901,606$465,000

It's important to understand that when you estimate your replacement cost of your home in the 08061 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 08061

Best Home & Auto Insurance Agencies in 08061

Housing Demographics for 08061

Population Review for 08061 Zip Code

For the city of Mount Royal, the population within 08061 has increased to over 3,528 residents in population size. The current population total is 3,510. We have broken down the population based on race below. In 08061, there are over 1737 in male population and 1773 females.

PopulationValues
Total Population3,510
White Population2705
Black Population316
Hispanic Population225
Asian Population221
Hawaiian Population0
Indian Population3
Other Population53
Male Population1737
Female Population1773
Population Estimate3528

Household Data for 08061

The average number of homes in 08061 is around 1,191, there are an average of 2.94 per household. The average house value according to local real estate values is around $310,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode1,191
Persons Per Household2.94
Average House Value$310,000
Income Per Household$117625
Median Age36.3
Median Age Male36.3
Median Age Female36.3
08061 DetailsValues
StateNJ
State Full NameNew Jersey
City TypeP
City Alias Abbreviation
Area Code856
CityMount Royal
City Alias NameMOUNT ROYAL
CountyGloucester
County FIPS015
State FIPS34
Time Zone5
Day Light SavingY
MSA6162
PMSA6160
CSA428
CBSA37980
CBSA_DIV15804
CBSA_TypeMetro
CBSA_NamePhiladelphia-Camden-Wilmington, PA-NJ-DE-MD
MSA_NamePhiladelphia-Wilmington-Atlantic City, PA-NJ-DE-MD CMSA
PMSA_NamePhiladelphia, PA-NJ PMSA
RegionNortheast
DivisionMiddle Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses34
Number Of Employees224
Business First Quarter Payroll2298
Business Annual Payroll10631
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population5965343
CBSA Division Population1250679
Congressional District01|02
Congressional LandArea350.02|2092.43
Delivery Residential1200
Delivery Business6
Delivery Total4436
Preferred Last Line KeyV10965
Classification Code
Multi-County
CSA NamePhiladelphia-Reading-Camden, PA-NJ-DE-MD
CBSA_DIV_NameCamden, NJ
City State KeyV10965
Land Area1.326000
Water Area0.376000
City Alias Code
City Mixed CaseMount Royal
City Alias Mixed CaseMount Royal
Box Count40
SFDU846
MFDU0
State ANSI34
County ANSI015
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number335565
Unique ZIP Name
SSA State County Code31220
Medicare CBSA Code15804
Medicare CBSA NameCamden, NJ
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseGloucester

New Jersey Homeowners Insurance News & Information

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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 […]