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Homeowners Insurance in 45887
For homeowners living in 45887, you want more affordable home insurance rates in Spencerville, right? Our rates are very competitive for homeowners living in the great city of Spencerville, OH. Many homeowners living in the 45887 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the top home insurance companies that we will shop for you all in one place. Plus, our homeowners insurance quotes are free and our Ohio licensed agents can provide a free consultation service to you that allows you to ask questions about which policy and coverage option is best for you and your family. Get the home insurance protection you need and start a free home insurance quote today, simply click the "Get Multiple Quotes Now" button. Your 45887 should appear in the zip code field ready to go. Comparing Spencerville, OH Home Insurance Quotes in your area, we can review the best rates and coverage options with multiple carriers to choose from.
45887 Home Insurance Costs Are Considered: Very Low!
The overall cost of homeowners insurance on average for a standard HO-3 home insurance policy for homeowners living in Spencerville pay around $699 per year. For affordable homeowners insurance, we have the best prices when it comes to comparing Ohio home insurance rates. At GetHomeInsuranceQuotes.com, we compare the most competitive companies then we let you review the most affordable rates and coverage options. Homeowners living in the 45887 zip code usually have questions about which coverage option is best. Our process is spam and hassle free so you can get your questions answer quickly and review the best home insurance policy for you. Most of all, Spencerville homeowners enjoy saving up to 40% or even more when we apply all the discounts available. Let us help you shop and save on your Ohio home insurance premium today!
45887 Home Insurance Average Premiums
$449 /yr.
Shows Zip Code: 45887 lowest rates with discounts applied on average.
For the 45887, 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) | $449 /yr. |
| Average Coverage: | $699 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $999 /yr. |
What is the average home insurance cost for a home in 45887?
- • The average homeowners insurance premium paid annually for a home in 45887 is around $699 per year.
What does it cost on average per month for home insurance in 45887?
- • Homeowners in 45887 pay a monthly average cost per month around $58.00.
What kind of discount could I get if I combine my home and auto insurance together in 45887?
- • Autoowners in 45887 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 Spencerville area, check out other zip codes nearby 45887.
Review average rates in another zip code:
45887 homeowners insurance rates
Home Replacement Cost Coverage in 45887
Average Building Cost Per Square Foot in 45887: $111
Location: Spencerville, Ohio (Allen County)Average Square Footage in 45887: 1,331 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 45887 before you start any project. Spencerville homeowners pay on average around $111 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 45887 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 45887 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,331 sq. ft. and the average cost to rebuild the home in this area is around $111 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 Spencerville 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 | $111 | 1,331 | $147,700 |
| Additional Upgrades & Added Features | $139 | 1,331 | $184,625 |
| Major Home Updates or Advancements | $167 | 1,331 | $221,550 |
It's important to understand that when you estimate your replacement cost of your home in the 45887 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 45887
Best Home & Auto Insurance Agencies in 45887
Housing Demographics for 45887
Population Review for 45887 Zip Code
For the city of Spencerville, the population within 45887 has increased to over 4,854 residents in population size. The current population total is 4,688. We have broken down the population based on race below. In 45887, there are over 2336 in male population and 2352 females.
| Population | Values |
|---|---|
| Total Population | 4,688 |
| White Population | 4389 |
| Black Population | 25 |
| Hispanic Population | 67 |
| Asian Population | 14 |
| Hawaiian Population | 21 |
| Indian Population | 22 |
| Other Population | 38 |
| Male Population | 2336 |
| Female Population | 2352 |
| Population Estimate | 4854 |
Household Data for 45887
The average number of homes in 45887 is around 1,743, there are an average of 2.66 per household. The average house value according to local real estate values is around $147,700. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 1,743 |
| Persons Per Household | 2.66 |
| Average House Value | $147,700 |
| Income Per Household | $54603 |
| Median Age | 39.5 |
| Median Age Male | 38.0 |
| Median Age Female | 40.6 |
| 45887 Details | Values |
|---|---|
| State | OH |
| State Full Name | Ohio |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 419/567 |
| City | Spencerville |
| City Alias Name | SPENCERVILLE |
| County | Allen |
| County FIPS | 003 |
| State FIPS | 39 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | 4320 |
| PMSA | |
| CSA | 338 |
| CBSA | 30620 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Lima, OH |
| MSA_Name | Lima, OH MSA |
| PMSA_Name | |
| Region | Midwest |
| Division | East North Central |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 58 |
| Number Of Employees | 712 |
| Business First Quarter Payroll | 7714 |
| Business Annual Payroll | 34406 |
| 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 | 106331 |
| CBSA Division Population | 0 |
| Congressional District | 04|05 |
| Congressional LandArea | 4664.87|5626.47 |
| Delivery Residential | 1825 |
| Delivery Business | 74 |
| Delivery Total | 1946 |
| Preferred Last Line Key | X22872 |
| Classification Code | |
| Multi-County | Y |
| CSA Name | Lima-Van Wert-Celina, OH |
| CBSA_DIV_Name | |
| City State Key | X22872 |
| Land Area | 69.720000 |
| Water Area | 0.124000 |
| City Alias Code | |
| City Mixed Case | Spencerville |
| City Alias Mixed Case | Spencerville |
| Box Count | 21 |
| SFDU | 1774 |
| MFDU | 38 |
| State ANSI | 39 |
| County ANSI | 003 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 387847 |
| Unique ZIP Name | |
| SSA State County Code | 36010 |
| Medicare CBSA Code | 30620 |
| Medicare CBSA Name | Lima, OH |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 2 |
| County Mixed Case | Allen |
Ohio Homeowners Insurance News & Information
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