Get multiple home insurance quotes in 08402. Our licensed 08402, NJ agents are ready to serve you.

08402 Homeowners Insurance Quotes & Coverage Options

If you are looking to lower the cost of your homeowners insurance policy you have come to the right place. We have helped thousands of shoppers in 08402 zip code find a great new policy that offers the coverage they need at a price they can afford.

GetHomeInsuranceQuotes.com makes shopping for a new policy in Margate City, NJ quick and easy. Our rates are super competitive and our agents can advise you on what coverages you need in 08402.

Shopping for insurance quotes on GetHomeInsuranceQuotes.com is always free and we will provide you with a free consultation to answer any questions you may have about coverages and rates.

If you are ready to start shopping for a great policy simply click the "Get Multiple Quotes Now" button, enter 08402 and start shopping.

Quickly and Easily Compare Average Rates for 08402

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Margate City, NJ home insurance quotes in your local city and review the most competitive coverages and premiums.

Average Policy Rates in 08402

Homeowners in Margate City are paying roughly $987 per year for a homeowners policy. We can help you shave up to 40 percent off of your current homeowners premium. Get started now and shop up to 12 insurance quotes from nationwide insurers right now.

Save on 08402 Home Insurance Quotes right now!

08402 Home Insurance Average Premiums

Local 08402 homeowners insurance quotes comparison

$737 /yr.

Shows Zip Code: 08402 lowest rates with discounts applied on average.

For the 08402, 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)
$737 /yr.
Average Coverage:$987 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1287 /yr.

What is the average home insurance cost for a home in 08402?

  • • The average homeowners insurance premium paid annually for a home in 08402 is around $987 per year.

What does it cost on average per month for home insurance in 08402?

  • • Homeowners in 08402 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 08402?

  • • Autoowners in 08402 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 Margate City area, check out other zip codes nearby 08402.
Review average rates in another zip code:
08402 homeowners insurance rates

Home Replacement Cost Coverage in 08402

Average Building Cost Per Square Foot in 08402: $193

Location: Margate City, New Jersey (Atlantic County)

Average Square Footage in 08402: 2,633 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 08402 before you start any project. Margate 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 08402 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 08402 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,633 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 Margate 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 StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1932,633$508,200
Additional Upgrades & Added Features$2412,633$635,250
Major Home Updates or Advancements$2902,633$762,300

It's important to understand that when you estimate your replacement cost of your home in the 08402 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 08402

Best Home & Auto Insurance Agencies in 08402

Housing Demographics for 08402

Population Review for 08402 Zip Code

For the city of Margate City, the population within 08402 has increased to over 12,660 residents in population size. The current population total is 5,291. We have broken down the population based on race below. In 08402, there are over 2499 in male population and 2792 females.

PopulationValues
Total Population5,291
White Population4954
Black Population13
Hispanic Population182
Asian Population55
Hawaiian Population2
Indian Population7
Other Population61
Male Population2499
Female Population2792
Population Estimate12660

Household Data for 08402

The average number of homes in 08402 is around 2,644, there are an average of 2.00 per household. The average house value according to local real estate values is around $508,200. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,644
Persons Per Household2.00
Average House Value$508,200
Income Per Household$106206
Median Age58.8
Median Age Male58.1
Median Age Female59.6
08402 DetailsValues
StateNJ
State Full NameNew Jersey
City TypeB
City Alias Abbreviation
Area Code609/640
CityMargate City
City Alias NameMARGATE CITY
CountyAtlantic
County FIPS001
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 Businesses172
Number Of Employees1435
Business First Quarter Payroll11243
Business Annual Payroll58312
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 Residential6330
Delivery Business189
Delivery Total10119
Preferred Last Line KeyV10843
Classification Code
Multi-County
CSA NamePhiladelphia-Reading-Camden, PA-NJ-DE-MD
CBSA_DIV_Name
City State KeyV10843
Land Area1.413000
Water Area1.205000
City Alias Code
City Mixed CaseMargate City
City Alias Mixed CaseMargate City
Box Count112
SFDU4967
MFDU1225
State ANSI34
County ANSI001
ZIP Intro
Alias Intro
Facility CodeB
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number330300
Unique ZIP Name
SSA State County Code31000
Medicare CBSA Code12100
Medicare CBSA NameAtlantic City-Hammonton, NJ
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseAtlantic

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 […]