07114 Home Insurance Rates

Getting multiple homeowners insurance rates in 07114 is the best way to review and compare all the coverage options available for you, your home and your family. Our homeowners rates are very competitive for homeowners living in the great city of Newark, NJ. Many homeowners based out of the 07114 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. The reason is because we clearly showcase the carriers that we will shop for you. We can compare up to 12 competitive home insurance rates for you all in one place. Plus, our home insurance quotes are free and our New Jersey licensed home insurance professionals can provide a free consultation service to you that allows you to ask questions about which policy and coverage package is best for you. To get free home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 07114 should appear in the zip code field ready to go. For Newark, NJ Home Insurance Quotes, Click to easily get started!

07114 Homeowners Insurance Rates, Average Rating: High!

Your homeowners insurance policy in 07114 consists of both property and casualty insurance coverage. This type of policy will insure your home against a variety of risks, including fire, theft and windstorm damage. Additional protection is also included in most policies that offer liability coverage against accidents that may injure other people on your property in Newark. For a basic HO-3, standard homeowners policy, the average premium per year in New Jersey is around $914. By shopping your home insurance with us at GetHomeInsuranceQuotes.com, we can help you compare the most affordable rates and enhanced coverage options. Please enter your 07114 zip code today and let us help you save time and money on your homeowners insurance premium.

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07114 Home Insurance Average Premiums

Local 07114 homeowners insurance quotes comparison

$664 /yr.

Shows Zip Code: 07114 lowest rates with discounts applied on average.

For the 07114, 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)	$664 /yr.
Average Coverage:	$914 /yr.
2600 sq. ft. or higher (all discounts applied)	$1214 /yr.

What is the average home insurance cost for a home in 07114?

• The average homeowners insurance premium paid annually for a home in 07114 is around $914 per year.

What does it cost on average per month for home insurance in 07114?

• Homeowners in 07114 pay a monthly average cost per month around $76.00.

What kind of discount could I get if I combine my home and auto insurance together in 07114?

• Autoowners in 07114 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 Newark area, check out other zip codes nearby 07114.
Review average rates in another zip code:
07108 homeowners insurance rates
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07106 homeowners insurance rates
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07114 homeowners insurance rates
07104 homeowners insurance rates

Home Replacement Cost Coverage in 07114

Average Building Cost Per Square Foot in 07114: $193

Location: Newark, New Jersey (Essex County)

Average Square Footage in 07114: 1,741 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 07114 before you start any project. Newark 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 07114 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 07114 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,741 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 Newark 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	$193	1,741	$336,100
Additional Upgrades & Added Features	$241	1,741	$420,125
Major Home Updates or Advancements	$290	1,741	$504,150

Calculate Your Dwelling Coverage in 07114

It's important to understand that when you estimate your replacement cost of your home in the 07114 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 Home & Auto Insurance Agencies in 07114

STEVE UMORU - Progressive Insurance

Address: 86 Clinton Ave Newark, NJ 07114
Phone:
Website: http://www.northjersey.citysearch.com/profile/external/47492325/newark_nj/steve_umoru_progressive_insurance.html
Info:

State Farm Insurance - Zanetta Glover

Address: 570 Us-1 & 9, #114 Newark, NJ 07114
Phone:
Website: http://www.yournewjerseyinsurance.com/insurance-newark
Info:

Housing Demographics for 07114

Population Review for 07114 Zip Code

For the city of Newark, the population within 07114 has increased to over 9,957 residents in population size. The current population total is 17,767. We have broken down the population based on race below. In 07114, there are over 12080 in male population and 5687 females.

Population	Values
Total Population	17,767
White Population	3106
Black Population	8548
Hispanic Population	5890
Asian Population	160
Hawaiian Population	4
Indian Population	105
Other Population	4169
Male Population	12080
Female Population	5687
Population Estimate	9957

Household Data for 07114

The average number of homes in 07114 is around 4,421, there are an average of 2.49 per household. The average house value according to local real estate values is around $336,100. Please review the following demographics below for average income and media age.

Housing / Income Data	Values
Households Per Zipcode	4,421
Persons Per Household	2.49
Average House Value	$336,100
Income Per Household	$25042
Median Age	39.1
Median Age Male	40.4
Median Age Female	35.6

07114 Details	Values
State	NJ
State Full Name	New Jersey
City Type	P
City Alias Abbreviation
Area Code	973
City	Newark
City Alias Name	NEWARK
County	Essex
County FIPS	013
State FIPS	34
Time Zone	5
Day Light Saving	Y
MSA	5602
PMSA	5640
CSA	408
CBSA	35620
CBSA_DIV	35084
CBSA_Type	Metro
CBSA_Name	New York-Newark-Jersey City, NY-NJ
MSA_Name	New York-Northern New Jersey-Long Island, NY-NJ-CT-PA
PMSA_Name	Newark, NJ PMSA
Region	Northeast
Division	Middle Atlantic
MailingName	Y

Economic & Growth Review	Values
Number Of Businesses	689
Number Of Employees	36862
Business First Quarter Payroll	598343
Business Annual Payroll	2546649
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	18897109
CBSA Division Population	2090358
Congressional District	08\|10
Congressional LandArea	54.69\|75.92
Delivery Residential	3999
Delivery Business	944
Delivery Total	5260
Preferred Last Line Key	V11029
Classification Code
Multi-County
CSA Name	New York-Newark, NY-NJ-CT-PA
CBSA_DIV_Name	Newark, NJ
City State Key	V11029
Land Area	7.894000
Water Area	0.924000
City Alias Code
City Mixed Case	Newark
City Alias Mixed Case	Newark
Box Count	158
SFDU	1527
MFDU	2176
State ANSI	34
County ANSI	013
ZIP Intro
Alias Intro
Facility Code	P
City Delivery Indicator	Y
Carrier Route Rate Sortation	D
Finance Number	335670
Unique ZIP Name
SSA State County Code	31200
Medicare CBSA Code	35084
Medicare CBSA Name	Newark, NJ-PA
Medicare CBSA Type	Metro
Market Rating Area ID	1
County Mixed Case	Essex

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 […]

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