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07042 Home Insurance Rates & Premiums

Did you know there are over 27,384 people living within the 07042 zip code area? There are over 11,360 occupied dwellings which means many homeowners like you that are interested in lower premiums or better coverage options. At GetHomeInsuranceQuotes.com, we provide a free shopping services online or over the phone. Our process includes the following:

  1. We will shop up to 12 home insurance companies for free.
  2. We will apply all discounts and credits to help you save up to 40% or more.
  3. We will answer any questions that you may.
  4. We will review the best policy and coverage option in 07042.

Let us help you shop and compare rates today, just enter your zip code to get your free online home insurance quotes. Please give us a call now at 1-855-976-2656, and easily get up to 12 rates over the phone in minutes.

Average homeowners insurance premiums in New Jersey are on the rise. The estimated average premium is around $861 a year for a standard homeowners insurance policy in Montclair. You can find out more information about home insurance premiums, discounts and crime rate information by clicking your city below.

City: Montclair, NJ Homeowners Insurance Quotes Online

07042 Home Insurance Average Premiums

Local 07042 homeowners insurance quotes comparison

$611 /yr.

Shows Zip Code: 07042 lowest rates with discounts applied on average.

For the 07042, 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)		$611 /yr.
Average Coverage:$861 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1161 /yr.

What is the average home insurance cost for a home in 07042?

  • • The average homeowners insurance premium paid annually for a home in 07042 is around $861 per year.

What does it cost on average per month for home insurance in 07042?

  • • Homeowners in 07042 pay a monthly average cost per month around $72.00.

What kind of discount could I get if I combine my home and auto insurance together in 07042?

  • • Autoowners in 07042 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 Montclair area, check out other zip codes nearby 07042.
Review average rates in another zip code:
07043 homeowners insurance rates
07042 homeowners insurance rates

Home Replacement Cost Coverage in 07042

Average Building Cost Per Square Foot in 07042: $193

Location: Montclair, New Jersey (Essex County)

Average Square Footage in 07042: 2,868 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 07042 before you start any project. Montclair homeowners pay on average around $193 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 07042 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 07042 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,868 sq. ft. and the average cost to rebuild the home in this area is around $193 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 Montclair 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$1932,868$553,600
Additional Upgrades & Added Features$2412,868$692,000
Major Home Updates or Advancements$2902,868$830,400

It's important to understand that when you estimate your replacement cost of your home in the 07042 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 07042

Best Home & Auto Insurance Agencies in 07042

Moore- Wayne

Address: 70 Park St Montclair, NJ 07042
Phone:
Website:
Info:

Housing Demographics for 07042

Population Review for 07042 Zip Code

For the city of Montclair, the population within 07042 has increased to over 26,808 residents in population size. The current population total is 27,384. We have broken down the population based on race below. In 07042, there are over 12814 in male population and 14570 females.

PopulationValues
Total Population27,384
White Population14104
Black Population7632
Hispanic Population3109
Asian Population1326
Hawaiian Population17
Indian Population67
Other Population1280
Male Population12814
Female Population14570
Population Estimate26808

Household Data for 07042

The average number of homes in 07042 is around 11,360, there are an average of 2.38 per household. The average house value according to local real estate values is around $553,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,360
Persons Per Household2.38
Average House Value$553,600
Income Per Household$128581
Median Age39.2
Median Age Male37.2
Median Age Female40.8
07042 DetailsValues
StateNJ
State Full NameNew Jersey
City TypeP
City Alias Abbreviation
Area Code973/862
CityMontclair
City Alias NameMONTCLAIR
CountyEssex
County FIPS013
State FIPS34
Time Zone5
Day Light SavingY
MSA5602
PMSA5640
CSA408
CBSA35620
CBSA_DIV35084
CBSA_TypeMetro
CBSA_NameNew York-Newark-Jersey City, NY-NJ
MSA_NameNew York-Northern New Jersey-Long Island, NY-NJ-CT-PA
PMSA_NameNewark, NJ PMSA
RegionNortheast
DivisionMiddle Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses1003
Number Of Employees10054
Business First Quarter Payroll145449
Business Annual Payroll633869
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population18897109
CBSA Division Population2090358
Congressional District10|11
Congressional LandArea75.92|504.97
Delivery Residential11264
Delivery Business1152
Delivery Total13271
Preferred Last Line KeyV10940
Classification Code
Multi-County
CSA NameNew York-Newark, NY-NJ-CT-PA
CBSA_DIV_NameNewark, NJ
City State KeyV10940
Land Area3.775000
Water Area0.006000
City Alias Code
City Mixed CaseMontclair
City Alias Mixed CaseMontclair
Box Count500
SFDU6769
MFDU3465
State ANSI34
County ANSI013
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number335370
Unique ZIP Name
SSA State County Code31200
Medicare CBSA Code35084
Medicare CBSA NameNewark, NJ-PA
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseEssex

New Jersey Homeowners Insurance News & Information

  • Buy Flood Insurance: What we learned from Hurricane Ida Posted on Monday 20th September, 2021

    On September 2, 2021, Parked cars in New Brunswick, New Jersey submerged underwater after Tropical Storm Ida. Hurricane Ida struck Louisiana as a category 4 hurricane with 150 mile an hour winds and days later hit New Jersey, New York, and other states with a massive amount of rain that has caused numerous flash floods, […]

  • FEMA’s new rating system is called “Risk Rating 2.0,” effective October 1st, 2021 Posted on Wednesday 28th April, 2021

    A recent report by ValuePenguin looked at the new risk ratings that the Federal Emergency Management Agency’s (FEMA) will be using when determining premiums for flood insurance in the National Flood Insurance Program (NFIP). The report found that millions of homeowners could see noticeable increases in flood insurance costs. FEMA’s new rating system is called […]