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08550 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 08550? There are over 7,079 occupied homes in the 08550 area. With a population size of 21,034, it's not uncommon for residence of Princeton Junction, 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 $1,004 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 08550 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: Princeton Junction, NJ Home Insurance Rate Quotes

08550 Home Insurance Average Premiums

Local 08550 homeowners insurance quotes comparison

$754 /yr.

Shows Zip Code: 08550 lowest rates with discounts applied on average.

For the 08550, 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)
$754 /yr.
Average Coverage:$1004 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1304 /yr.

What is the average home insurance cost for a home in 08550?

  • • The average homeowners insurance premium paid annually for a home in 08550 is around $1004 per year.

What does it cost on average per month for home insurance in 08550?

  • • Homeowners in 08550 pay a monthly average cost per month around $84.00.

What kind of discount could I get if I combine my home and auto insurance together in 08550?

  • • Autoowners in 08550 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 Princeton Junction area, check out other zip codes nearby 08550.
Review average rates in another zip code:
08550 homeowners insurance rates

Home Replacement Cost Coverage in 08550

Average Building Cost Per Square Foot in 08550: $193

Location: Princeton Junction, New Jersey (Mercer County)

Average Square Footage in 08550: 3,346 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 08550 before you start any project. Princeton Junction 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 08550 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 08550 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 3,346 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 Princeton Junction 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$1933,346$645,800
Additional Upgrades & Added Features$2413,346$807,250
Major Home Updates or Advancements$2903,346$968,700

It's important to understand that when you estimate your replacement cost of your home in the 08550 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 08550

Best Home & Auto Insurance Agencies in 08550

Housing Demographics for 08550

Population Review for 08550 Zip Code

For the city of Princeton Junction, the population within 08550 has increased to over 21,660 residents in population size. The current population total is 21,034. We have broken down the population based on race below. In 08550, there are over 10286 in male population and 10748 females.

PopulationValues
Total Population21,034
White Population7800
Black Population705
Hispanic Population930
Asian Population11089
Hawaiian Population9
Indian Population30
Other Population262
Male Population10286
Female Population10748
Population Estimate21660

Household Data for 08550

The average number of homes in 08550 is around 7,079, there are an average of 2.97 per household. The average house value according to local real estate values is around $645,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode7,079
Persons Per Household2.97
Average House Value$645,800
Income Per Household$196066
Median Age43.5
Median Age Male43.5
Median Age Female43.6
08550 DetailsValues
StateNJ
State Full NameNew Jersey
City TypeP
City Alias AbbreviationPRINCETON JCT
Area Code609
CityPrinceton Junction
City Alias NamePRINCETON JUNCTION
CountyMercer
County FIPS021
State FIPS34
Time Zone5
Day Light SavingY
MSA5602
PMSA8480
CSA408
CBSA45940
CBSA_DIV
CBSA_TypeMetro
CBSA_NameTrenton-Princeton, NJ
MSA_NameNew York-Northern New Jersey-Long Island, NY-NJ-CT-PA
PMSA_NameTrenton, NJ PMSA
RegionNortheast
DivisionMiddle Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses460
Number Of Employees4140
Business First Quarter Payroll51157
Business Annual Payroll245010
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population366513
CBSA Division Population0
Congressional District12
Congressional LandArea412.23
Delivery Residential7293
Delivery Business289
Delivery Total7848
Preferred Last Line KeyV11247
Classification Code
Multi-County
CSA NameNew York-Newark, NY-NJ-CT-PA
CBSA_DIV_Name
City State KeyV11247
Land Area19.134000
Water Area0.586000
City Alias Code
City Mixed CasePrinceton Junction
City Alias Mixed CasePrinceton Junction
Box Count164
SFDU5709
MFDU1048
State ANSI34
County ANSI021
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number336945
Unique ZIP Name
SSA State County Code31260
Medicare CBSA Code45940
Medicare CBSA NameTrenton-Princeton, NJ
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseMercer

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