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Home Insurance Rates in 28347

For homeowners shopping online in 28347, our insurance rates are very competitive for homeowners living in Hoffman, NC. Many homeowners based out of the great city of Hoffman 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 North Carolina 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 28347, simply click the "Get Multiple Quotes Now" button. Your 28347 should appear in the zip code field ready to go. We only need some basic home information to start running multiple quotes for you. Hoffman, NC Home Insurance Rate Quotes are available for you, we easily review and compare multiple coverage and rate options.

28347 Home Insurance Rating is: Medium!

If you live in 28347, you can easily save up to 40% off the average home insurance premium of $859 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 Hoffman 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 28347 today!

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28347 Home Insurance Average Premiums

Local 28347 homeowners insurance quotes comparison

$609 /yr.

Shows Zip Code: 28347 lowest rates with discounts applied on average.

For the 28347, 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)
$609 /yr.
Average Coverage:$859 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1159 /yr.

What is the average home insurance cost for a home in 28347?

  • • The average homeowners insurance premium paid annually for a home in 28347 is around $859 per year.

What does it cost on average per month for home insurance in 28347?

  • • Homeowners in 28347 pay a monthly average cost per month around $72.00.

What kind of discount could I get if I combine my home and auto insurance together in 28347?

  • • Autoowners in 28347 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 Hoffman area, check out other zip codes nearby 28347.
Review average rates in another zip code:
28347 homeowners insurance rates

Home Replacement Cost Coverage in 28347

Average Building Cost Per Square Foot in 28347: $135

Location: Hoffman, North Carolina (Richmond County)

Average Square Footage in 28347: 636 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 28347 before you start any project. Hoffman 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 28347 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 28347 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 636 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 Hoffman 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$135636$85,900
Additional Upgrades & Added Features$169636$107,375
Major Home Updates or Advancements$203636$128,850

It's important to understand that when you estimate your replacement cost of your home in the 28347 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 28347

Best Home & Auto Insurance Agencies in 28347

Housing Demographics for 28347

Population Review for 28347 Zip Code

For the city of Hoffman, the population within 28347 has increased to over 968 residents in population size. The current population total is 1,555. We have broken down the population based on race below. In 28347, there are over 1078 in male population and 477 females.

PopulationValues
Total Population1,555
White Population507
Black Population763
Hispanic Population223
Asian Population7
Hawaiian Population0
Indian Population40
Other Population162
Male Population1078
Female Population477
Population Estimate968

Household Data for 28347

The average number of homes in 28347 is around 355, there are an average of 2.61 per household. The average house value according to local real estate values is around $85,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode355
Persons Per Household2.61
Average House Value$85,900
Income Per Household$34767
Median Age33.2
Median Age Male31.2
Median Age Female41.1
28347 DetailsValues
StateNC
State Full NameNorth Carolina
City TypeP
City Alias Abbreviation
Area Code910
CityHoffman
City Alias NameHOFFMAN
CountyRichmond
County FIPS153
State FIPS37
Time Zone5
Day Light SavingY
MSA
PMSA
CSA246
CBSA40460
CBSA_DIV
CBSA_TypeMicro
CBSA_NameRockingham, NC
MSA_Name
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses11
Number Of Employees169
Business First Quarter Payroll1292
Business Annual Payroll5466
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population46639
CBSA Division Population0
Congressional District09
Congressional LandArea856.93
Delivery Residential371
Delivery Business22
Delivery Total936
Preferred Last Line KeyY15583
Classification Code
Multi-CountyY
CSA NameFayetteville-Lumberton-Pinehurst, NC
CBSA_DIV_Name
City State KeyY15583
Land Area37.685000
Water Area0.114000
City Alias Code
City Mixed CaseHoffman
City Alias Mixed CaseHoffman
Box Count88
SFDU371
MFDU0
State ANSI37
County ANSI153
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number363680
Unique ZIP Name
SSA State County Code34760
Medicare CBSA Code99934
Medicare CBSA NameRural Areas in NC
Medicare CBSA TypeMicro
Market Rating Area ID9
County Mixed CaseRichmond

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,” […]