07079 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 07079? There are over 5,984 occupied homes in the 07079 area. With a population size of 18,597, it's not uncommon for residence of South Orange, NJ to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in New Jersey is around $1,037 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 07079 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: South Orange, NJ Home Insurance Rate Quotes

Average Building Cost Per Square Foot in 07079: $193

Average Square Footage in 07079: 3,455 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 07079 before you start any project. South Orange 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 07079 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 07079 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 3,455 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 South Orange 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.

It's important to understand that when you estimate your replacement cost of your home in the 07079 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.

Antoine, Amin - State Farm Insurance Agent

Charanjit Tucker - Allstate Agent

Household Data for 07079

The average number of homes in 07079 is around 5,984, there are an average of 2.71 per household. The average house value according to local real estate values is around $666,900. Please review the following demographics below for average income and media age.

• 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 […]