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Searching for Homeowners Insurance in 27503

If you are a homeowners that lives in 27503 you may be searching for more affordable homeowners insurance in Bahama. Insurance rates can change on a yearly basis so if your current insurer has raised your rates recently it may be time to shop your coverage and we can help.

GetHomeInsuranceQuotes.com makes shopping your insurance policy quick and easy for residents of Bahama, NC. All you have to do is enter a bit of information about your home and we will gather 12 quotes from nationwide insurers, making sure that you get the best coverage levels and rates available.

Our North Carolina licensed agents will provide a free consultation to make sure you are fully protected as well as answer any questions you may have about policy options. Insurance can be complicated so it pays to have a professional walk you through your various policy choices. As always, our service is free.

Getting started is easy. Click the "Get Multiple Quotes Now" button, verify your zip code and start saving.

Get 27503 Home Insurance Rate Quotes Right Now!

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

Check Out 27503 Home Insurance Costs: medium!

In Bahama, homeowners are paying roughly $842 per year for a HO-3 policy which is considered the standard for a single family home. In order to find the best policy at the best price, we compare rates from some of the most competitive insurers and present you with your best options for homeowners insurance coverage in 27503 zip code.

Our service is free and we never spam our clients so you only receive the information that you request. While all situations are different, in most cases, homeowners in Bahama are saving up to 40 percent on their policy costs by using GetHomeInsuranceQuotes.com.

Start shopping for a 27503 policy right now!

27503 Home Insurance Average Premiums

Local 27503 homeowners insurance quotes comparison

$592 /yr.

Shows Zip Code: 27503 lowest rates with discounts applied on average.

For the 27503, 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)
$592 /yr.
Average Coverage:$842 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1142 /yr.

What is the average home insurance cost for a home in 27503?

  • • The average homeowners insurance premium paid annually for a home in 27503 is around $842 per year.

What does it cost on average per month for home insurance in 27503?

  • • Homeowners in 27503 pay a monthly average cost per month around $70.00.

What kind of discount could I get if I combine my home and auto insurance together in 27503?

  • • Autoowners in 27503 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 Bahama area, check out other zip codes nearby 27503.
Review average rates in another zip code:
27503 homeowners insurance rates

Home Replacement Cost Coverage in 27503

Average Building Cost Per Square Foot in 27503: $135

Location: Bahama, North Carolina (Durham County)

Average Square Footage in 27503: 2,245 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 27503 before you start any project. Bahama homeowners pay on average around $135 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 27503 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 27503 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,245 sq. ft. and the average cost to rebuild the home in this area is around $135 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 Bahama 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$1352,245$303,100
Additional Upgrades & Added Features$1692,245$378,875
Major Home Updates or Advancements$2032,245$454,650

It's important to understand that when you estimate your replacement cost of your home in the 27503 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 27503

Best Home & Auto Insurance Agencies in 27503

Nationwide Insurance

Address: 5410 Hwy 55 Greenwood Cmns Durham, NC 27503
Phone:
Website: http://www.nationwide.com/
Info:

Andrew F Jones - Nationwide Insurance

Address: 5242 N Roxboro Rd, Ste C Durham, NC 27503
Phone:
Website:
Info:

Thomas P Mitchell - Nationwide Insurance

Address: Durham, NC 27503
Phone:
Website: http://www.nationwide.com/agent/Durham-NORTH-CAROLINA-insurance-agent/tom-mitchell/office.html
Info:

Michael D Lawson Agency - Nationwide Insurance

Address: 3790 Guess Rd Durham, NC 27503
Phone:
Website: http://www.nationwide.com/agent/Durham-NORTH-CAROLINA-insurance-agent/michaellawson/office.html
Info:

Housing Demographics for 27503

Population Review for 27503 Zip Code

For the city of Bahama, the population within 27503 has increased to over 3,683 residents in population size. The current population total is 6,012. We have broken down the population based on race below. In 27503, there are over 4275 in male population and 1737 females.

PopulationValues
Total Population6,012
White Population3811
Black Population1847
Hispanic Population412
Asian Population33
Hawaiian Population0
Indian Population44
Other Population80
Male Population4275
Female Population1737
Population Estimate3683

Household Data for 27503

The average number of homes in 27503 is around 1,457, there are an average of 2.43 per household. The average house value according to local real estate values is around $303,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode1,457
Persons Per Household2.43
Average House Value$303,100
Income Per Household$73524
Median Age44.9
Median Age Male43.7
Median Age Female49.9
27503 DetailsValues
StateNC
State Full NameNorth Carolina
City TypeP
City Alias Abbreviation
Area Code919
CityBahama
City Alias NameBAHAMA
CountyDurham
County FIPS063
State FIPS37
Time Zone5
Day Light SavingY
MSA6640
PMSA
CSA450
CBSA20500
CBSA_DIV
CBSA_TypeMetro
CBSA_NameDurham-Chapel Hill, NC
MSA_NameRaleigh-Durham-Chapel Hill, NC MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses71
Number Of Employees240
Business First Quarter Payroll2262
Business Annual Payroll11676
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population504357
CBSA Division Population0
Congressional District04
Congressional LandArea1045.35
Delivery Residential1516
Delivery Business21
Delivery Total8502
Preferred Last Line KeyY14758
Classification Code
Multi-County
CSA NameRaleigh-Durham-Cary, NC
CBSA_DIV_Name
City State KeyY14758
Land Area37.758000
Water Area1.761000
City Alias Code
City Mixed CaseBahama
City Alias Mixed CaseBahama
Box Count88
SFDU1516
MFDU0
State ANSI37
County ANSI063
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number360432
Unique ZIP Name
SSA State County Code34310
Medicare CBSA Code20500
Medicare CBSA NameDurham-Chapel Hill, NC
Medicare CBSA TypeMetro
Market Rating Area ID11
County Mixed CaseDurham

North Carolina Homeowners Insurance News & Information

  • North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Wednesday 5th June, 2024

    North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]

  • North Carolina Coastal Home Insurance Rates Posted on Friday 29th March, 2024

    North Carolina is a fantastic place to live with plenty of cultural activities, beautiful beaches, world-class cities as well as great restaurants and shopping. The only disadvantage to living in North Carolina, particularly if your home is located in coastal area is the cost of homeowners insurance. The average premium for a standard homeowners insurance […]

  • NC Residents Speak Against 42% Rate Increase Requested by Rate Bureau Posted on Tuesday 13th February, 2024

    During a recent public comment session held by the North Carolina Department of Insurance, dozens of North Carolina residents spoke out against an average rate increase of 42% that the North Carolina Rate Bureau is requesting.  The Rate Bureau represents insurance companies in the state and earlier this year requested average rate increases of 42%. […]

  • North Carolina: 2024 Homeowners Insurance Rate Increase Proposed Posted on Friday 19th January, 2024

    Recently, the North Carolina Rate Bureau requested that the N.C. Department of Insurance allow increases to homeowners’ insurance rates by an average of 42.2 percent. If the NCDOI agrees, the proposed rates will go into effect Aug. 1. However, it is also possible that the NCDOI will not agree to the increase and deny the […]

  • 2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023

    The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies.  Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]

  • Nationwide Insurance Company Will Not Be Renewing policies for Homeowners in North Carolina Posted on Monday 9th October, 2023

    Nationwide insurance company recently informed the North Carolina Department of Insurance (NCDOI) that it will not be renewing homeowner policies for 10,525 homeowners in North Carolina. Over 1,000 of those non-renewals are in the Dare County, NC. The NCDOI claims that more the half of the non-renewals are based on the “hurricane hazard assessment tool,” […]