Get multiple home insurance quotes in 02841. Our licensed 02841, RI agents are ready to serve you.

Homeowners Insurance in 02841

In Newport, RI, our homeowners insurance rates are very competitive in price and coverage options. Many homeowners located in the 02841 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. When you start our quoting process, we will clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Rhode Island licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. Best of all, you can get up to 12 competitive quotes for your home in 02841 all from one place. Our quoting process is hassle free and we do not spam. If you want to see real savings on your new home insurance policy, let us help you shop online home insurance quotes that are more affordable and have better coverage. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 02841 should appear in the zip code field ready to go.

02841 Homeowners Insurance Rates Are Considered: Very High!

If your looking for a standard homeowners policy in Rhode Island, you are going to see rates around the average home insurance premium per year of $1355. However, with our online quoting process, we can compare the most competitive rates for you. Plus, our professional advice will allow you to get the most out of your Newport home insurance by making sure all the risk you may encounter will be covered. Homeowners insurance comes in a variety of different coverage options and we want to get you the best rate but also provide a dependable company and policy that you can stand behind when you need it the most.

Get 02841 Home Insurance Rates Now!

Best 3 Options to Compare in 02841

If you want homeowners insurance quotes within the city of Newport or in the 02841 area then we can help you compare the most affordable options when it comes to getting a new homeowners insurance policy. Clicking on the link helps you find average home insurance rates in Newport, RI.

02841 Home Insurance Average Premiums

Local 02841 homeowners insurance quotes comparison

$1105 /yr.

Shows Zip Code: 02841 lowest rates with discounts applied on average.

For the 02841, 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)
$1105 /yr.
Average Coverage:$1355 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1655 /yr.

What is the average home insurance cost for a home in 02841?

  • • The average homeowners insurance premium paid annually for a home in 02841 is around $1355 per year.

What does it cost on average per month for home insurance in 02841?

  • • Homeowners in 02841 pay a monthly average cost per month around $113.00.

What kind of discount could I get if I combine my home and auto insurance together in 02841?

  • • Autoowners in 02841 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 Newport area, check out other zip codes nearby 02841.
Review average rates in another zip code:
02841 homeowners insurance rates
02840 homeowners insurance rates

Home Replacement Cost Coverage in 02841

Average Building Cost Per Square Foot in 02841: $210

Location: Newport, Rhode Island (Newport County)

Average Square Footage in 02841: 786 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 02841 before you start any project. Newport homeowners pay on average around $210 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 02841 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 02841 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 786 sq. ft. and the average cost to rebuild the home in this area is around $210 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 Newport 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$210786$165,000
Additional Upgrades & Added Features$263786$206,250
Major Home Updates or Advancements$315786$247,500

It's important to understand that when you estimate your replacement cost of your home in the 02841 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 02841

Best Home & Auto Insurance Agencies in 02841

Housing Demographics for 02841

Population Review for 02841 Zip Code

For the city of Newport, the population within 02841 has increased to over 0 residents in population size. The current population total is 1,220. We have broken down the population based on race below. In 02841, there are over 941 in male population and 279 females.

PopulationValues
Total Population1,220
White Population846
Black Population147
Hispanic Population130
Asian Population67
Hawaiian Population11
Indian Population6
Other Population59
Male Population941
Female Population279
Population Estimate0

Household Data for 02841

The average number of homes in 02841 is around 4, there are an average of 18.25 per household. The average house value according to local real estate values is around $165,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode4
Persons Per Household18.25
Average House Value$165,000
Income Per Household$0
Median Age24.1
Median Age Male24.2
Median Age Female23.4
02841 DetailsValues
StateRI
State Full NameRhode Island
City TypeP
City Alias Abbreviation
Area Code401
CityNewport
City Alias NameNEWPORT
CountyNewport
County FIPS005
State FIPS44
Time Zone5
Day Light SavingY
MSA
PMSA
CSA148
CBSA39300
CBSA_DIV
CBSA_TypeMetro
CBSA_NameProvidence-Warwick, RI-MA
MSA_Name
PMSA_Name
RegionNortheast
DivisionNew England
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses30
Number Of Employees240
Business First Quarter Payroll4049
Business Annual Payroll15257
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population1600852
CBSA Division Population0
Congressional District01
Congressional LandArea268.49
Delivery Residential0
Delivery Business1
Delivery Total1591
Preferred Last Line KeyV25919
Classification Code
Multi-County
CSA NameBoston-Worcester-Providence, MA-RI-NH
CBSA_DIV_Name
City State KeyV25919
Land Area0.345000
Water Area0.834000
City Alias Code
City Mixed CaseNewport
City Alias Mixed CaseNewport
Box Count74
SFDU0
MFDU0
State ANSI44
County ANSI005
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number436020
Unique ZIP Name
SSA State County Code41020
Medicare CBSA Code39300
Medicare CBSA NameProvidence-Warwick, RI-MA
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseNewport

Rhode Island Homeowners Insurance News & Information

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]