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Home Insurance in 40050
Our rates are very competitive for homeowners living in the 40050 zip code. Many homeowners based out of New Castle, KY 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 home insurance quotes are free and our KY 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 40050 should appear in the zip code field ready to go.
40050 Average Home Insurance Rates
Are you looking for a standard HO-3 homeowners policy for your single family home in the New Castle area? The average homeowners premium in 40050 is medium in comparison to other states. For example, the national average is $1,249 per year for home insurance coverage for a basic home insurance policy. For homeowners living in the 40050, you can expect to pay around $872 per year for homeowners coverage. If you want to see which company has the best rates and coverage options, than easily compare rates with us. You can review each premium and we can help explain any question that you may have about different types of coverages and what is best for you and your family.
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Get Home Insurance Quotes in 40050
We can shop up to 12 home insurance quotes for you easily online. You can find out more by exploring one of the three links below to review average homeowners insurance rates in the great state of Kentucky. Start your 40050 home insurance shopping today!
40050 Home Insurance Average Premiums
$622 /yr.
Shows Zip Code: 40050 lowest rates with discounts applied on average.
For the 40050, 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) | $622 /yr. |
| Average Coverage: | $872 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1172 /yr. |
What is the average home insurance cost for a home in 40050?
- • The average homeowners insurance premium paid annually for a home in 40050 is around $872 per year.
What does it cost on average per month for home insurance in 40050?
- • Homeowners in 40050 pay a monthly average cost per month around $73.00.
What kind of discount could I get if I combine my home and auto insurance together in 40050?
- • Autoowners in 40050 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.
You can easily shop and compare home insurance rates within New Castle, check out other zip codes nearby 40050.
To review average rates in another zip code, click on a zip code below:
40050 |
Home Replacement Cost Coverage in 40050
Average Building Cost Per Square Foot in 40050: $118
Location: New Castle, Kentucky (Henry County)Average Square Footage in 40050: 1,057 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 40050 before you start any project. New Castle homeowners pay on average around $118 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 40050 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 40050 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,057 sq. ft. and the average cost to rebuild the home in this area is around $118 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 New Castle 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 | $118 | 1,057 | $124,700 |
| Additional Upgrades & Added Features | $148 | 1,057 | $155,875 |
| Major Home Updates or Advancements | $177 | 1,057 | $187,050 |
It's important to understand that when you estimate your replacement cost of your home in the 40050 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 40050
Best Home & Auto Insurance Agencies in 40050
Insurance Associates
Address: 41 N Main St New Castle, KY 40050Phone:
Website:
Info:
Morris Insurance Agency
Address: 22 Court St New Castle, KY 40050Phone:
Website:
Info:
Housing Demographics for 40050
Population Review for 40050 Zip Code
For the city of New Castle, the population within 40050 has increased to over 1,283 residents in population size. The current population total is 1,558. We have broken down the population based on race below. In 40050, there are over 692 in male population and 866 females.
| Population | Values |
|---|---|
| Total Population | 1,558 |
| White Population | 1425 |
| Black Population | 42 |
| Hispanic Population | 29 |
| Asian Population | 4 |
| Hawaiian Population | 0 |
| Indian Population | 6 |
| Other Population | 15 |
| Male Population | 692 |
| Female Population | 866 |
| Population Estimate | 1283 |
Household Data for 40050
The average number of homes in 40050 is around 639, there are an average of 2.30 per household. The average house value according to local real estate values is around $124,700. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 639 |
| Persons Per Household | 2.30 |
| Average House Value | $124,700 |
| Income Per Household | $38833 |
| Median Age | 44.9 |
| Median Age Male | 40.3 |
| Median Age Female | 48.1 |
| 40050 Details | Values |
|---|---|
| State | KY |
| State Full Name | Kentucky |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 502 |
| City | New Castle |
| City Alias Name | NEW CASTLE |
| County | Henry |
| County FIPS | 103 |
| State FIPS | 21 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | |
| PMSA | |
| CSA | 350 |
| CBSA | 31140 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Louisville/Jefferson County, KY-IN |
| MSA_Name | |
| PMSA_Name | |
| Region | South |
| Division | East South Central |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 35 |
| Number Of Employees | 263 |
| Business First Quarter Payroll | 2106 |
| Business Annual Payroll | 9471 |
| 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 | 1283566 |
| CBSA Division Population | 0 |
| Congressional District | 04 |
| Congressional LandArea | 4382.19 |
| Delivery Residential | 558 |
| Delivery Business | 24 |
| Delivery Total | 858 |
| Preferred Last Line Key | X15900 |
| Classification Code | |
| Multi-County | |
| CSA Name | Louisville/Jefferson County--Elizabethtown, KY-IN |
| CBSA_DIV_Name | |
| City State Key | X15900 |
| Land Area | 17.237000 |
| Water Area | 0.468000 |
| City Alias Code | |
| City Mixed Case | New Castle |
| City Alias Mixed Case | New Castle |
| Box Count | 220 |
| SFDU | 453 |
| MFDU | 27 |
| State ANSI | 21 |
| County ANSI | 103 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | N |
| Carrier Route Rate Sortation | C |
| Finance Number | 205616 |
| Unique ZIP Name | |
| SSA State County Code | 18510 |
| Medicare CBSA Code | 31140 |
| Medicare CBSA Name | Louisville/Jefferson County, KY-IN |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 3 |
| County Mixed Case | Henry |
Kentucky Homeowners Insurance News & Information
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Affordable Home Insurance Is Getting Very Hard to Find Posted on Tuesday 6th May, 2025
According to a recent ValuePenguin study, homeowners are having a harder time finding affordable insurance due to the property insurance crisis spreading around the country. The report found that a shocking two-thirds of homeowners have seen premium increases in 2024. Another 25% of homeowners said they were dropped by their insurance company which is a […]
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Which state pays the highest home insurance premiums in 2025? Posted on Thursday 24th April, 2025
Recently, Insurify released its third annual American Homeowner Insurance report which offers a detailed forecast of insurance trends in the U.S. for 2025. States that have a high risk of wildfires and severe weather will see the largest increases in homeowners insurance premiums. According to the report, Louisiana will see the largest premium increases with […]
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Top 10 States That Have the Highest Rates of Uninsured Homes Posted on Tuesday 22nd April, 2025
As recent headlines have made clear, climate change has led to more frequent extreme weather events which has led to a rise in homeowner insurance claims. As insurers deal with an increased number of claims, they pass those additional costs onto homeowners via higher premiums, regardless of whether you have filed a claim or not. […]