Home Insurance Rates in 07505

For homeowners shopping online in 07505, our insurance rates are very competitive for homeowners living in Paterson, NJ. Many homeowners based out of the great city of Paterson 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. Plus, our home insurance quotes are free and our New Jersey licensed agents can provide a free consultation service to you that allows you to ask questions about which rates and coverage options are best suited for you and your family. To get free home insurance quotes in 07505, simply click the "Get Multiple Quotes Now" button. Your 07505 should appear in the zip code field ready to go. We only need some basic home information to start running multiple quotes for you. Paterson, NJ Home Insurance Rate Quotes are available for you, we easily review and compare multiple coverage and rate options.

07505 Home Insurance Rating is: High!

If you live in 07505, you can easily save up to 40% off the average home insurance premium of $923 a year by letting us help you compare the best rate and coverage option for your home. We can compare up to 12 major top rated home insurance companies all at once. We also will do a professional analysis to determine which coverage is best suited to cover the risk that you need. Home insurance in Paterson can come in a variety of different packages, it's important to understand which homeowners policy is best. Let us help you compare home insurance rates in 07505 today!

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07505 Home Insurance Average Premiums

Local 07505 homeowners insurance quotes comparison

$673 /yr.

Shows Zip Code: 07505 lowest rates with discounts applied on average.

For the 07505, 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)	$673 /yr.
Average Coverage:	$923 /yr.
2600 sq. ft. or higher (all discounts applied)	$1223 /yr.

What is the average home insurance cost for a home in 07505?

• The average homeowners insurance premium paid annually for a home in 07505 is around $923 per year.

What does it cost on average per month for home insurance in 07505?

• Homeowners in 07505 pay a monthly average cost per month around $77.00.

What kind of discount could I get if I combine my home and auto insurance together in 07505?

• Autoowners in 07505 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 Paterson area, check out other zip codes nearby 07505.
Review average rates in another zip code:
07513 homeowners insurance rates
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07514 homeowners insurance rates

Home Replacement Cost Coverage in 07505

Average Building Cost Per Square Foot in 07505: $193

Location: Paterson, New Jersey (Passaic County)

Average Square Footage in 07505: 1,367 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 07505 before you start any project. Paterson 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 07505 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 07505 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,367 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 Paterson 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	1,367	$263,800
Additional Upgrades & Added Features	$241	1,367	$329,750
Major Home Updates or Advancements	$290	1,367	$395,700

Calculate Your Dwelling Coverage in 07505

It's important to understand that when you estimate your replacement cost of your home in the 07505 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 07505

Gaston Jr, Frantz - State Farm Insurance Agent

Address: 1 Colt St Paterson, NJ 07505
Phone:
Website: http://www.citysearch.com/profile/external/605134292/paterson_nj/gaston_jr_frantz_state_farm_insurance_agent.html
Info:

Zirpolo Insurance & Travel Incorporated

Address: 20 Church St Paterson, NJ 07505
Phone:
Website: http://www.newyork.citysearch.com/profile/662419150/paterson_nj/zirpolo_insurance_travel_inc.html
Info:

JF Insurance Agency

Address: 74 Market St Paterson, NJ 07505
Phone:
Website: http://www.newyork.citysearch.com/profile/662211010/paterson_nj/j_f_insurance_agency.html
Info:

Persal Agency Inc

Address: 98 Broadway Paterson, NJ 07505
Phone:
Website:
Info:

Housing Demographics for 07505

Population Review for 07505 Zip Code

For the city of Paterson, the population within 07505 has increased to over 2,663 residents in population size. The current population total is 3,215. We have broken down the population based on race below. In 07505, there are over 1745 in male population and 1470 females.

Population	Values
Total Population	3,215
White Population	597
Black Population	988
Hispanic Population	1950
Asian Population	50
Hawaiian Population	3
Indian Population	33
Other Population	1141
Male Population	1745
Female Population	1470
Population Estimate	2663

Household Data for 07505

The average number of homes in 07505 is around 1,138, there are an average of 2.30 per household. The average house value according to local real estate values is around $263,800. Please review the following demographics below for average income and media age.

Housing / Income Data	Values
Households Per Zipcode	1,138
Persons Per Household	2.30
Average House Value	$263,800
Income Per Household	$17574
Median Age	37.8
Median Age Male	35.8
Median Age Female	39.9

07505 Details	Values
State	NJ
State Full Name	New Jersey
City Type	P
City Alias Abbreviation
Area Code	973/862
City	Paterson
City Alias Name	PATERSON
County	Passaic
County FIPS	031
State FIPS	34
Time Zone	5
Day Light Saving	Y
MSA	5602
PMSA	0875
CSA	408
CBSA	35620
CBSA_DIV	35614
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	Bergen-Passaic, NJ PMSA
Region	Northeast
Division	Middle Atlantic
MailingName	Y

Economic & Growth Review	Values
Number Of Businesses	332
Number Of Employees	2907
Business First Quarter Payroll	23154
Business Annual Payroll	103922
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	11576251
Congressional District	09
Congressional LandArea	95.34
Delivery Residential	1158
Delivery Business	636
Delivery Total	1885
Preferred Last Line Key	V11161
Classification Code
Multi-County
CSA Name	New York-Newark, NY-NJ-CT-PA
CBSA_DIV_Name	New York-Jersey City-White Plains, NY-NJ
City State Key	V11161
Land Area	0.245000
Water Area	0.010000
City Alias Code
City Mixed Case	Paterson
City Alias Mixed Case	Paterson
Box Count	0
SFDU	235
MFDU	735
State ANSI	34
County ANSI	031
ZIP Intro
Alias Intro
Facility Code	P
City Delivery Indicator	Y
Carrier Route Rate Sortation	D
Finance Number	336420
Unique ZIP Name
SSA State County Code	31320
Medicare CBSA Code	35614
Medicare CBSA Name	New York-Jersey City-White Plains, NY-NJ
Medicare CBSA Type	Metro
Market Rating Area ID	1
County Mixed Case	Passaic

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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