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90240, CA Home Insurance

In the zip code of 90240, the population size is around 26,495, which consists of 7,861 occupied homes in your area. We often hear homeowners ask us what the average home insurance premiums are for residence living in Downey, CA. A few years ago, a study was done and found that the average home insurance rates for California are around $898 per year for a standard homeowners policy. At GetHomeInsuranceQuotes.com, we help homeowners find cheaper rates and better coverage for an existing or new home purchase opportunity. We have partnered with 12 major home insurance companies that have the most competitive rates for homes in the 90240 zip code location. Our savings model helps you not only save up to 40% or more, but also includes enhanced coverage options to help protect your home and family while livings in Downey. If you enter your zip code for the home you would like to shop and compare rates for today, we can help you review the premiums and coverage online or over the phone. Give us a call now at 1-855-976-2656 so we can help you compare rates today!

If you would like to review more information on rates within your area, please click Downey, CA Homeowners Insurance Online Rates Today!

90240 Home Insurance Average Premiums

Local 90240 homeowners insurance quotes comparison

$648 /yr.

Shows Zip Code: 90240 lowest rates with discounts applied on average.

For the 90240, 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)
$648 /yr.
Average Coverage:$898 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1198 /yr.

What is the average home insurance cost for a home in 90240?

  • • The average homeowners insurance premium paid annually for a home in 90240 is around $898 per year.

What does it cost on average per month for home insurance in 90240?

  • • Homeowners in 90240 pay a monthly average cost per month around $75.00.

What kind of discount could I get if I combine my home and auto insurance together in 90240?

  • • Autoowners in 90240 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 Downey area, check out other zip codes nearby 90240.
Review average rates in another zip code:
90241 homeowners insurance rates
90240 homeowners insurance rates
90242 homeowners insurance rates

Home Replacement Cost Coverage in 90240

Average Building Cost Per Square Foot in 90240: $324

Location: Downey, California (Los Angeles County)

Average Square Footage in 90240: 1,997 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 90240 before you start any project. Downey homeowners pay on average around $324 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 90240 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 90240 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,997 sq. ft. and the average cost to rebuild the home in this area is around $324 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 Downey 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$3241,997$646,900
Additional Upgrades & Added Features$4051,997$808,625
Major Home Updates or Advancements$4861,997$970,350

It's important to understand that when you estimate your replacement cost of your home in the 90240 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 90240

Allstate Insurance - John B. Hogan

Address: 7415 E Florence Ave Downey, CA 90240
Phone: (562)927-8782
Website:

Best Home & Auto Insurance Agencies in 90240

Mercury Insurance - Manor Ins Agency , Incorporated

Address: 8615 Florence Ave Downey, CA 90240
Phone:
Website: http://www.mercuryinsurance.com/
Info:

Gallardo, Lori - Adriana's Insurance Svc Incorporated

Address: 7846 Florence Avenue Downey, CA 90240
Phone:
Website: http://www.adrianasinsurance.com/
Info:

State Farm Insurance - Robert Casares

Address: 9901 Paramount Blvd Downey, CA 90240
Phone:
Website: http://www.robcasares.com/
Info:

Isabel Rodriguez-Farmers Insurance

Address: 7812 Florence Ave Downey, CA 90240
Phone:
Website: http://www.farmersagent.com/irodriguez/
Info:

Mikel's Insurance Services

Address: 7847 Florence Ave Downey, CA 90240
Phone:
Website: http://www.mikels-ins.com/
Info:

Housing Demographics for 90240

Population Review for 90240 Zip Code

For the city of Downey, the population within 90240 has increased to over 26,678 residents in population size. The current population total is 26,495. We have broken down the population based on race below. In 90240, there are over 12895 in male population and 13600 females.

PopulationValues
Total Population26,495
White Population6659
Black Population644
Hispanic Population19592
Asian Population2135
Hawaiian Population37
Indian Population440
Other Population9678
Male Population12895
Female Population13600
Population Estimate26678

Household Data for 90240

The average number of homes in 90240 is around 7,861, there are an average of 3.36 per household. The average house value according to local real estate values is around $646,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode7,861
Persons Per Household3.36
Average House Value$646,900
Income Per Household$91518
Median Age38.4
Median Age Male37.0
Median Age Female39.6
90240 DetailsValues
StateCA
State Full NameCalifornia
City TypeP
City Alias Abbreviation
Area Code562
CityDowney
City Alias NameDOWNEY
CountyLos Angeles
County FIPS037
State FIPS06
Time Zone8
Day Light SavingY
MSA4472
PMSA4480
CSA348
CBSA31080
CBSA_DIV31084
CBSA_TypeMetro
CBSA_NameLos Angeles-Long Beach-Anaheim, CA
MSA_NameLos Angeles-Riverside-Orange County, CA
PMSA_NameLos Angeles-Long Beach, CA PMSA
RegionWest
DivisionPacific
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses606
Number Of Employees4312
Business First Quarter Payroll42533
Business Annual Payroll177564
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population9818605
Congressional District38|42
Congressional LandArea101.46|935.96
Delivery Residential7940
Delivery Business809
Delivery Total9032
Preferred Last Line KeyZ20916
Classification Code
Multi-County
CSA NameLos Angeles-Long Beach, CA
CBSA_DIV_NameLos Angeles-Long Beach-Glendale, CA
City State KeyZ20916
Land Area3.009000
Water Area0.070000
City Alias Code
City Mixed CaseDowney
City Alias Mixed CaseDowney
Box Count218
SFDU5751
MFDU2030
State ANSI06
County ANSI037
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number052250
Unique ZIP Name
SSA State County Code05200
Medicare CBSA Code31084
Medicare CBSA NameLos Angeles-Long Beach-Glendale, CA
Medicare CBSA TypeMetro
Market Rating Area ID16
County Mixed CaseLos Angeles

California Homeowners Insurance News & Information

  • 2024 Average Homeowners Insurance Rate at $2,777 per year  Posted on Tuesday 20th February, 2024

    A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]

  • What exactly is a FAIR Plan? Posted on Tuesday 2nd January, 2024

    If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

  • 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, […]

  • 2023 – California’s recent storms – Is my home covered by insurance? Posted on Tuesday 10th January, 2023

    California has recently been hit by a shocking amount of punishing winter weather that has triggered flooding as well as mudslides across vast areas of the state. The weather has led to evacuation orders as well as damaged homes. Unfortunately, for many homeowners, the damage may not be covered by their homeowners insurance.   In most […]

  • 2022 Future Housing Market Preview by Fed Chairman Powell Posted on Friday 1st July, 2022

    Many of us are concerned about how the housing market will fare as interest rates head up and a looming recession takes hold. Will home values crash as they did during the Great Recession or will they simply stop rising and settle in at their current values.  While no one can predict the future, Fed […]