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If you live in the 98262 zip code, we can help you find a better homeowners insurance policy at a lower price. Homeowners within the city of Lummi Island have saved hundreds of dollars on their annual premium when using GetHomeInsuranceQuotes.com.
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98262 Average Homeowners Insurance Rates
If you are shopping for a HO-3 policy, which is considered the standard when it comes to homeowners insurance, we can help. In 98262 the average premium for homeowners coverage is $757 which compares very well to the national average of $1,249.
Our site makes it easy for you to find the insurer that offers the best coverage at the best rate in 98262. We are happy to answer any questions you may have and explain the different type of coverage while helping you determine what coverage levels are best for your family.
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98262 Home Insurance Average Premiums
$507 /yr.
Shows Zip Code: 98262 lowest rates with discounts applied on average.
For the 98262, 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) | $507 /yr. |
| Average Coverage: | $757 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1057 /yr. |
What is the average home insurance cost for a home in 98262?
- • The average homeowners insurance premium paid annually for a home in 98262 is around $757 per year.
What does it cost on average per month for home insurance in 98262?
- • Homeowners in 98262 pay a monthly average cost per month around $63.00.
What kind of discount could I get if I combine my home and auto insurance together in 98262?
- • Autoowners in 98262 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 Lummi Island area, check out other zip codes nearby 98262.
Review average rates in another zip code:
98262 homeowners insurance rates
Home Replacement Cost Coverage in 98262
Average Building Cost Per Square Foot in 98262: $242
Location: Lummi Island, Washington (Whatcom County)Average Square Footage in 98262: 2,019 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 98262 before you start any project. Lummi Island homeowners pay on average around $242 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 98262 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 98262 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,019 sq. ft. and the average cost to rebuild the home in this area is around $242 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 Lummi Island 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 | $242 | 2,019 | $488,700 |
| Additional Upgrades & Added Features | $303 | 2,019 | $610,875 |
| Major Home Updates or Advancements | $363 | 2,019 | $733,050 |
It's important to understand that when you estimate your replacement cost of your home in the 98262 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 98262
Best Home & Auto Insurance Agencies in 98262
Housing Demographics for 98262
Population Review for 98262 Zip Code
For the city of Lummi Island, the population within 98262 has increased to over 1,167 residents in population size. The current population total is 934. We have broken down the population based on race below. In 98262, there are over 455 in male population and 479 females.
| Population | Values |
|---|---|
| Total Population | 934 |
| White Population | 837 |
| Black Population | 1 |
| Hispanic Population | 27 |
| Asian Population | 10 |
| Hawaiian Population | 0 |
| Indian Population | 9 |
| Other Population | 12 |
| Male Population | 455 |
| Female Population | 479 |
| Population Estimate | 1167 |
Household Data for 98262
The average number of homes in 98262 is around 464, there are an average of 2.01 per household. The average house value according to local real estate values is around $488,700. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 464 |
| Persons Per Household | 2.01 |
| Average House Value | $488,700 |
| Income Per Household | $61250 |
| Median Age | 61.2 |
| Median Age Male | 61.1 |
| Median Age Female | 61.3 |
| 98262 Details | Values |
|---|---|
| State | WA |
| State Full Name | Washington |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 360/564 |
| City | Lummi Island |
| City Alias Name | LUMMI ISLAND |
| County | Whatcom |
| County FIPS | 073 |
| State FIPS | 53 |
| Time Zone | 8 |
| Day Light Saving | Y |
| MSA | 0860 |
| PMSA | |
| CSA | |
| CBSA | 13380 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Bellingham, WA |
| MSA_Name | Bellingham, WA MSA |
| PMSA_Name | |
| Region | West |
| Division | Pacific |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 32 |
| Number Of Employees | 66 |
| Business First Quarter Payroll | 612 |
| Business Annual Payroll | 3334 |
| 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 | 201140 |
| CBSA Division Population | 0 |
| Congressional District | 02 |
| Congressional LandArea | 1015.02 |
| Delivery Residential | 581 |
| Delivery Business | 8 |
| Delivery Total | 747 |
| Preferred Last Line Key | Z17057 |
| Classification Code | |
| Multi-County | |
| CSA Name | |
| CBSA_DIV_Name | |
| City State Key | Z17057 |
| Land Area | 9.247000 |
| Water Area | 23.704000 |
| City Alias Code | |
| City Mixed Case | Lummi Island |
| City Alias Mixed Case | Lummi Island |
| Box Count | 123 |
| SFDU | 581 |
| MFDU | 0 |
| State ANSI | 53 |
| County ANSI | 073 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | N |
| Carrier Route Rate Sortation | C |
| Finance Number | 544774 |
| Unique ZIP Name | |
| SSA State County Code | 50360 |
| Medicare CBSA Code | 13380 |
| Medicare CBSA Name | Bellingham, WA |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 8 |
| County Mixed Case | Whatcom |
Washington 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 […]