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If you live in the 08204 zip code, we can help you find a better homeowners insurance policy at a lower price. Homeowners within the city of Cape May have saved hundreds of dollars on their annual premium when using GetHomeInsuranceQuotes.com.

Our service is always free and we not only find a great policy for you, our NJ licensed agents will provide you with a free consultation to discuss your coverage needs and answer any questions you may have regarding policy coverages or rates.

It is easy to start shopping for a new policy, just click on the "Get Multiple Quotes Now" button below, confirm your 08204 and then compare quotes from a variety of nationwide insurance companies.

08204 Average Homeowners Insurance Rates

If you are shopping for a HO-3 policy, which is considered the standard when it comes to homeowners insurance, we can help. In 08204 the average premium for homeowners coverage is $948 which compares very well to the national average of $1,249.

Our site makes it easy for you to find the insurer that offers the best coverage at the best rate in 08204. We are happy to answer any questions you may have and explain the different type of coverage while helping you determine what coverage levels are best for your family.

Get Free Home Insurance Quotes in 08204 Today!

We can help you find up to 12 homeowners insurance quotes quickly and from the comfort of your own home. In addition, we can do a discount review to make sure you are getting all available discounts on your policy.

Click to review the best Cape May, NJ home insurance quotes in your area.

08204 Home Insurance Average Premiums

Local 08204 homeowners insurance quotes comparison

$698 /yr.

Shows Zip Code: 08204 lowest rates with discounts applied on average.

For the 08204, 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)		$698 /yr.
Average Coverage:$948 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1248 /yr.

What is the average home insurance cost for a home in 08204?

  • • The average homeowners insurance premium paid annually for a home in 08204 is around $948 per year.

What does it cost on average per month for home insurance in 08204?

  • • Homeowners in 08204 pay a monthly average cost per month around $79.00.

What kind of discount could I get if I combine my home and auto insurance together in 08204?

  • • Autoowners in 08204 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 Cape May area, check out other zip codes nearby 08204.
Review average rates in another zip code:
08204 homeowners insurance rates

Home Replacement Cost Coverage in 08204

Average Building Cost Per Square Foot in 08204: $193

Location: Cape May, New Jersey (Cape May County)

Average Square Footage in 08204: 1,579 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 08204 before you start any project. Cape May 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 08204 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 08204 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,579 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 Cape May 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$1931,579$304,800
Additional Upgrades & Added Features$2411,579$381,000
Major Home Updates or Advancements$2901,579$457,200

It's important to understand that when you estimate your replacement cost of your home in the 08204 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 08204

Best Home & Auto Insurance Agencies in 08204

Munson J E Insurance

Address: 794 Academy Rd Cape May, NJ 08204
Phone:
Website:
Info:

Housing Demographics for 08204

Population Review for 08204 Zip Code

For the city of Cape May, the population within 08204 has increased to over 20,265 residents in population size. The current population total is 17,090. We have broken down the population based on race below. In 08204, there are over 8157 in male population and 8933 females.

PopulationValues
Total Population17,090
White Population15215
Black Population382
Hispanic Population922
Asian Population141
Hawaiian Population5
Indian Population40
Other Population338
Male Population8157
Female Population8933
Population Estimate20265

Household Data for 08204

The average number of homes in 08204 is around 7,531, there are an average of 2.21 per household. The average house value according to local real estate values is around $304,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode7,531
Persons Per Household2.21
Average House Value$304,800
Income Per Household$74543
Median Age54.3
Median Age Male51.9
Median Age Female56.2
08204 DetailsValues
StateNJ
State Full NameNew Jersey
City TypeP
City Alias Abbreviation
Area Code609
CityCape May
City Alias NameCAPE MAY
CountyCape May
County FIPS009
State FIPS34
Time Zone5
Day Light SavingY
MSA6162
PMSA0560
CSA428
CBSA12100
CBSA_DIV
CBSA_TypeMetro
CBSA_NameAtlantic City-Hammonton, NJ
MSA_NamePhiladelphia-Wilmington-Atlantic City, PA-NJ-DE-MD CMSA
PMSA_NameAtlantic-Cape May, NJ PMSA
RegionNortheast
DivisionMiddle Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses594
Number Of Employees4543
Business First Quarter Payroll33248
Business Annual Payroll225318
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population274549
CBSA Division Population0
Congressional District02
Congressional LandArea2092.43
Delivery Residential9170
Delivery Business623
Delivery Total11488
Preferred Last Line KeyV10208
Classification Code
Multi-County
CSA NamePhiladelphia-Reading-Camden, PA-NJ-DE-MD
CBSA_DIV_Name
City State KeyV10208
Land Area20.459000
Water Area3.323000
City Alias Code
City Mixed CaseCape May
City Alias Mixed CaseCape May
Box Count274
SFDU7956
MFDU535
State ANSI34
County ANSI009
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number331305
Unique ZIP Name
SSA State County Code31180
Medicare CBSA Code36140
Medicare CBSA NameOcean City, NJ
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseCape May

New Jersey Homeowners Insurance News & Information

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    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 […]