Compare quotes for your home in 02894! Compare the best 12 carriers in minutes.
02894 Homeowners Insurance Rate Quotes
Are you shopping for homeowners insurance quotes in 02894? Our rates are very competitive for homeowners living in Wood River Junction, RI. Many homeowners based out of your 02894 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our homeowners 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. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 02894 should appear in the zip code field ready to go. For Wood River Junction, RI Home Insurance Rate Quotes click to review the best rates and service online!
02894 Average Premium is Rated: Very High!
Homeowners living in 02894 can easily save up to 40% off the average home insurance premium of $1370 a year by comparing rates with us at GetHomeInsuranceQuotes.com. You don't have to do the research to find the best company, rate and coverage options. We have already done this for you. We have 12 major carriers in Wood River Junction that are all very competitive and have the best rate and coverage option available. All you need to do is request quotes online for zip code 02894 and we will help you compare prices and apply all available discounts. If you want savings and also need help deciding which policy is best for you, than let us help you compare multiple rates today!
02894 Home Insurance Average Premiums
$1120 /yr.
Shows Zip Code: 02894 lowest rates with discounts applied on average.
For the 02894, 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) | $1120 /yr. |
| Average Coverage: | $1370 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1670 /yr. |
What is the average home insurance cost for a home in 02894?
- • The average homeowners insurance premium paid annually for a home in 02894 is around $1370 per year.
What does it cost on average per month for home insurance in 02894?
- • Homeowners in 02894 pay a monthly average cost per month around $114.00.
What kind of discount could I get if I combine my home and auto insurance together in 02894?
- • Autoowners in 02894 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 Wood River Junction area, check out other zip codes nearby 02894.
Review average rates in another zip code:
02894 homeowners insurance rates
Home Replacement Cost Coverage in 02894
Average Building Cost Per Square Foot in 02894: $210
Location: Wood River Junction, Rhode Island (Washington County)Average Square Footage in 02894: 1,405 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 02894 before you start any project. Wood River Junction 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 02894 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 02894 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,405 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 Wood River Junction 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 | $210 | 1,405 | $295,100 |
| Additional Upgrades & Added Features | $263 | 1,405 | $368,875 |
| Major Home Updates or Advancements | $315 | 1,405 | $442,650 |
It's important to understand that when you estimate your replacement cost of your home in the 02894 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 02894
Best Home & Auto Insurance Agencies in 02894
Housing Demographics for 02894
Population Review for 02894 Zip Code
For the city of Wood River Junction, the population within 02894 has increased to over 791 residents in population size. The current population total is 814. We have broken down the population based on race below. In 02894, there are over 416 in male population and 398 females.
| Population | Values |
|---|---|
| Total Population | 814 |
| White Population | 720 |
| Black Population | 4 |
| Hispanic Population | 29 |
| Asian Population | 13 |
| Hawaiian Population | 0 |
| Indian Population | 7 |
| Other Population | 6 |
| Male Population | 416 |
| Female Population | 398 |
| Population Estimate | 791 |
Household Data for 02894
The average number of homes in 02894 is around 276, there are an average of 2.92 per household. The average house value according to local real estate values is around $295,100. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 276 |
| Persons Per Household | 2.92 |
| Average House Value | $295,100 |
| Income Per Household | $71813 |
| Median Age | 40.8 |
| Median Age Male | 40.6 |
| Median Age Female | 41.0 |
| 02894 Details | Values |
|---|---|
| State | RI |
| State Full Name | Rhode Island |
| City Type | P |
| City Alias Abbreviation | WOOD RIVER JT |
| Area Code | 401 |
| City | Wood River Junction |
| City Alias Name | WOOD RIVER JUNCTION |
| County | Washington |
| County FIPS | 009 |
| State FIPS | 44 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | |
| PMSA | |
| CSA | 148 |
| CBSA | 39300 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Providence-Warwick, RI-MA |
| MSA_Name | |
| PMSA_Name | |
| Region | Northeast |
| Division | New England |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 12 |
| Number Of Employees | 103 |
| Business First Quarter Payroll | 1080 |
| Business Annual Payroll | 5875 |
| 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 | 1600852 |
| CBSA Division Population | 0 |
| Congressional District | 02 |
| Congressional LandArea | 765.32 |
| Delivery Residential | 271 |
| Delivery Business | 5 |
| Delivery Total | 3046 |
| Preferred Last Line Key | V25982 |
| Classification Code | |
| Multi-County | |
| CSA Name | Boston-Worcester-Providence, MA-RI-NH |
| CBSA_DIV_Name | |
| City State Key | V25982 |
| Land Area | 4.203000 |
| Water Area | 0.129000 |
| City Alias Code | |
| City Mixed Case | Wood River Junction |
| City Alias Mixed Case | Wood River Junction |
| Box Count | 38 |
| SFDU | 271 |
| MFDU | 0 |
| State ANSI | 44 |
| County ANSI | 009 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | N |
| Carrier Route Rate Sortation | C |
| Finance Number | 439660 |
| Unique ZIP Name | |
| SSA State County Code | 41050 |
| Medicare CBSA Code | 39300 |
| Medicare CBSA Name | Providence-Warwick, RI-MA |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 1 |
| County Mixed Case | Washington |
Rhode Island Homeowners Insurance News & Information
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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 […]
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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 […]
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$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 […]