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Homeowners Insurance in 10031

Getting the most affordable home insurance rates in 10031 just got easier for New York, NY home insurance shoppers who want to shop online at GetHomeInsuranceQuotes.com. We provide up to 12 rates and coverage options available to you from the leading home insurance companies that have the most competitive premiums available in the great city of New York. Because our online quoting application is free, we are happy to server thousands of homeowners like you that want a quick way to review and compare affordable rates. Shop online with us by entering your zip code now. Or you can speak with an agent now at 1-855-976-2656 For New York, NY Home Insurance Quotes, Click to easily review rates!

Average Home Insurance Rates in 10031

When discussing New York homeowners insurance rates, New York residents are finding new ways to save time and money by discovering lower rates when they shop online. New York may not be the most expensive state in the country to purchase homeowners insurance, but it does rank higher than average at a nationwide rank of 16. Residents that live within the 10031 zipcode are currently paying $1028 for home insurance coverage on average, where the majority of the United States home insurance premiums are around $1,249. These average home insurance rates reflect the cost of a standard home insurance policy which includes the coverage of your home, contents, loss of use, medical payments and homeowner liability coverage. It is very important to understand that a standard homeowners insurance policy in New York does not include flood insurance coverage. We will need to write a separate policy and our agents are available to help you review and compare what's the best fit for your home and family.

10031 Home Insurance Average Premiums

Local 10031 homeowners insurance quotes comparison

$778 /yr.

Shows Zip Code: 10031 lowest rates with discounts applied on average.

For the 10031, 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)
$778 /yr.
Average Coverage:$1028 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1328 /yr.

What is the average home insurance cost for a home in 10031?

  • • The average homeowners insurance premium paid annually for a home in 10031 is around $1028 per year.

What does it cost on average per month for home insurance in 10031?

  • • Homeowners in 10031 pay a monthly average cost per month around $86.00.

What kind of discount could I get if I combine my home and auto insurance together in 10031?

  • • Autoowners in 10031 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 New York area, check out other zip codes nearby 10031.
Review average rates in another zip code:
10037 homeowners insurance rates
10016 homeowners insurance rates
10007 homeowners insurance rates
10128 homeowners insurance rates
10162 homeowners insurance rates
10028 homeowners insurance rates
10012 homeowners insurance rates
10019 homeowners insurance rates
10044 homeowners insurance rates
10021 homeowners insurance rates

Home Replacement Cost Coverage in 10031

Average Building Cost Per Square Foot in 10031: $205

Location: New York, New York (New York County)

Average Square Footage in 10031: 2,742 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 10031 before you start any project. New York homeowners pay on average around $205 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 10031 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 10031 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,742 sq. ft. and the average cost to rebuild the home in this area is around $205 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 New York 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$2052,742$562,100
Additional Upgrades & Added Features$2562,742$702,625
Major Home Updates or Advancements$3082,742$843,150

It's important to understand that when you estimate your replacement cost of your home in the 10031 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 10031

Best Home & Auto Insurance Agencies in 10031

Palacios, Kirsten - State Farm Insurance Agent

Address: 3657 Broadway New York, NY 10031
Phone:
Website: http://www.newyork.citysearch.com/profile/external/604196922/new_york_ny/palacios_kirsten_state_farm_insurance_agent.html
Info:

Housing Demographics for 10031

Population Review for 10031 Zip Code

For the city of New York, the population within 10031 has increased to over 54,880 residents in population size. The current population total is 56,363. We have broken down the population based on race below. In 10031, there are over 27013 in male population and 29350 females.

PopulationValues
Total Population56,363
White Population12338
Black Population14402
Hispanic Population28639
Asian Population2252
Hawaiian Population59
Indian Population945
Other Population17966
Male Population27013
Female Population29350
Population Estimate54880

Household Data for 10031

The average number of homes in 10031 is around 21,875, there are an average of 2.50 per household. The average house value according to local real estate values is around $562,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode21,875
Persons Per Household2.50
Average House Value$562,100
Income Per Household$57180
Median Age35.5
Median Age Male34.8
Median Age Female36.5
10031 DetailsValues
StateNY
State Full NameNew York
City TypeP
City Alias Abbreviation
Area Code212/646/917
CityNew York
City Alias NameNEW YORK
CountyNew York
County FIPS061
State FIPS36
Time Zone5
Day Light SavingY
MSA5602
PMSA5600
CSA408
CBSA35620
CBSA_DIV35614
CBSA_TypeMetro
CBSA_NameNew York-Newark-Jersey City, NY-NJ
MSA_NameNew York-Northern New Jersey-Long Island, NY-NJ-CT-PA
PMSA_NameNew York, NY PMSA
RegionNortheast
DivisionMiddle Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses848
Number Of Employees4613
Business First Quarter Payroll41334
Business Annual Payroll194119
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 Population11576251
Congressional District13
Congressional LandArea10.25
Delivery Residential21952
Delivery Business676
Delivery Total23220
Preferred Last Line KeyV14966
Classification Code
Multi-County
CSA NameNew York-Newark, NY-NJ-CT-PA
CBSA_DIV_NameNew York-Jersey City-White Plains, NY-NJ
City State KeyV14966
Land Area0.669000
Water Area0.000000
City Alias Code
City Mixed CaseNew York
City Alias Mixed CaseNew York
Box Count402
SFDU548
MFDU21404
State ANSI36
County ANSI061
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number355825
Unique ZIP Name
SSA State County Code33420
Medicare CBSA Code35614
Medicare CBSA NameNew York-Jersey City-White Plains, NY-NJ
Medicare CBSA TypeMetro
Market Rating Area ID4
County Mixed CaseNew York

New York Homeowners Insurance News & Information

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]