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Home Insurance in 08226
Our rates are very competitive for homeowners living in the 08226 zip code. Many homeowners based out of Ocean City, NJ have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our NJ licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 08226 should appear in the zip code field ready to go.
08226 Average Home Insurance Rates
Are you looking for a standard HO-3 homeowners policy for your single family home in the Ocean City area? The average homeowners premium in 08226 is high in comparison to other states. For example, the national average is $1,249 per year for home insurance coverage for a basic home insurance policy. For homeowners living in the 08226, you can expect to pay around $924 per year for homeowners coverage. If you want to see which company has the best rates and coverage options, than easily compare rates with us. You can review each premium and we can help explain any question that you may have about different types of coverages and what is best for you and your family.
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Get Home Insurance Quotes in 08226
We can shop up to 12 home insurance quotes for you easily online. You can find out more by exploring one of the three links below to review average homeowners insurance rates in the great state of New Jersey. Start your 08226 home insurance shopping today!
08226 Home Insurance Average Premiums
$674 /yr.
Shows Zip Code: 08226 lowest rates with discounts applied on average.
For the 08226, 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) | $674 /yr. |
| Average Coverage: | $924 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1224 /yr. |
What is the average home insurance cost for a home in 08226?
- • The average homeowners insurance premium paid annually for a home in 08226 is around $924 per year.
What does it cost on average per month for home insurance in 08226?
- • Homeowners in 08226 pay a monthly average cost per month around $77.00.
What kind of discount could I get if I combine my home and auto insurance together in 08226?
- • Autoowners in 08226 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 Ocean City area, check out other zip codes nearby 08226.
Review average rates in another zip code:
08226 homeowners insurance rates
Home Replacement Cost Coverage in 08226
Average Building Cost Per Square Foot in 08226: $193
Location: Ocean City, New Jersey (Cape May County)Average Square Footage in 08226: 3,081 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 08226 before you start any project. Ocean City 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 08226 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 08226 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 3,081 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 Ocean City 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 | 3,081 | $594,700 |
| Additional Upgrades & Added Features | $241 | 3,081 | $743,375 |
| Major Home Updates or Advancements | $290 | 3,081 | $892,050 |
It's important to understand that when you estimate your replacement cost of your home in the 08226 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 08226
Barra Vaughn Insurance Agency
Address: 226 West Avenue Ocean City, NJ 08226Phone: (609)391-1856
Website:
Best Home & Auto Insurance Agencies in 08226
Darby Insurance
Address: 700 West Ave Ocean City, NJ 08226Phone:
Website: http://www.darbyinsurance.com
Info:
Barra Vaughn Insurance Agency
Address: 226 West Ave Ocean City, NJ 08226Phone:
Website:
Info:
ABCO Insurance Agency Inc
Address: Cardiff Rd Ocean City, NJ 08226Phone:
Website: http://www.abcoinsuranceagency.com
Info:
Housing Demographics for 08226
Population Review for 08226 Zip Code
For the city of Ocean City, the population within 08226 has increased to over 22,722 residents in population size. The current population total is 11,229. We have broken down the population based on race below. In 08226, there are over 5266 in male population and 5963 females.
| Population | Values |
|---|---|
| Total Population | 11,229 |
| White Population | 10175 |
| Black Population | 220 |
| Hispanic Population | 548 |
| Asian Population | 106 |
| Hawaiian Population | 1 |
| Indian Population | 20 |
| Other Population | 250 |
| Male Population | 5266 |
| Female Population | 5963 |
| Population Estimate | 22722 |
Household Data for 08226
The average number of homes in 08226 is around 5,454, there are an average of 2.05 per household. The average house value according to local real estate values is around $594,700. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 5,454 |
| Persons Per Household | 2.05 |
| Average House Value | $594,700 |
| Income Per Household | $88414 |
| Median Age | 57.3 |
| Median Age Male | 55.7 |
| Median Age Female | 58.5 |
| 08226 Details | Values |
|---|---|
| State | NJ |
| State Full Name | New Jersey |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 609/640 |
| City | Ocean City |
| City Alias Name | OCEAN CITY |
| County | Cape May |
| County FIPS | 009 |
| State FIPS | 34 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | 6162 |
| PMSA | 0560 |
| CSA | 428 |
| CBSA | 12100 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Atlantic City-Hammonton, NJ |
| MSA_Name | Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD CMSA |
| PMSA_Name | Atlantic-Cape May, NJ PMSA |
| Region | Northeast |
| Division | Middle Atlantic |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 577 |
| Number Of Employees | 3110 |
| Business First Quarter Payroll | 28438 |
| Business Annual Payroll | 158189 |
| 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 | 274549 |
| CBSA Division Population | 0 |
| Congressional District | 02 |
| Congressional LandArea | 2092.43 |
| Delivery Residential | 11084 |
| Delivery Business | 670 |
| Delivery Total | 12514 |
| Preferred Last Line Key | V11102 |
| Classification Code | |
| Multi-County | |
| CSA Name | Philadelphia-Reading-Camden, PA-NJ-DE-MD |
| CBSA_DIV_Name | |
| City State Key | V11102 |
| Land Area | 6.753000 |
| Water Area | 6.332000 |
| City Alias Code | |
| City Mixed Case | Ocean City |
| City Alias Mixed Case | Ocean City |
| Box Count | 253 |
| SFDU | 9636 |
| MFDU | 791 |
| State ANSI | 34 |
| County ANSI | 009 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 336075 |
| Unique ZIP Name | |
| SSA State County Code | 31180 |
| Medicare CBSA Code | 36140 |
| Medicare CBSA Name | Ocean City, NJ |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 1 |
| County Mixed Case | Cape May |
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 […]