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11231 Home Insurance Rates

Getting multiple homeowners insurance rates in 11231 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 Brooklyn, NY. Many homeowners based out of the 11231 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 York 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 11231 should appear in the zip code field ready to go. For Brooklyn, NY Home Insurance Quotes, Click to easily get started!

11231 Homeowners Insurance Rates, Average Rating: High!

Your homeowners insurance policy in 11231 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 Brooklyn. For a basic HO-3, standard homeowners policy, the average premium per year in New York is around $1123. 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 11231 zip code today and let us help you save time and money on your homeowners insurance premium.

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11231 Home Insurance Average Premiums

Local 11231 homeowners insurance quotes comparison

$873 /yr.

Shows Zip Code: 11231 lowest rates with discounts applied on average.

For the 11231, 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)
$873 /yr.
Average Coverage:$1123 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1423 /yr.

What is the average home insurance cost for a home in 11231?

  • • The average homeowners insurance premium paid annually for a home in 11231 is around $1123 per year.

What does it cost on average per month for home insurance in 11231?

  • • Homeowners in 11231 pay a monthly average cost per month around $94.00.

What kind of discount could I get if I combine my home and auto insurance together in 11231?

  • • Autoowners in 11231 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 Brooklyn area, check out other zip codes nearby 11231.
Review average rates in another zip code:
11224 homeowners insurance rates
11205 homeowners insurance rates
11225 homeowners insurance rates
11212 homeowners insurance rates
11218 homeowners insurance rates
11230 homeowners insurance rates
11229 homeowners insurance rates
11228 homeowners insurance rates
11222 homeowners insurance rates
11207 homeowners insurance rates

Home Replacement Cost Coverage in 11231

Average Building Cost Per Square Foot in 11231: $205

Location: Brooklyn, New York (Kings County)

Average Square Footage in 11231: 7,488 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 11231 before you start any project. Brooklyn 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 11231 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 11231 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 7,488 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 Brooklyn 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$2057,488$1,535,000
Additional Upgrades & Added Features$2567,488$1,918,750
Major Home Updates or Advancements$3087,488$2,302,500

It's important to understand that when you estimate your replacement cost of your home in the 11231 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 11231

Best Home & Auto Insurance Agencies in 11231

Allstate

Address: 372 Court St, #2 Brooklyn, NY 11231
Phone:
Website: http://www.allstateagencies.com/CRandazzo/Welcome/
Info:

Allstate Insurance Company - Charles Randazzo

Address: 372 Court St Brooklyn, NY 11231
Phone:
Website: http://www.allstateagencies.com/075735?cid=OTC-YP.com-IYP&att=TL
Info:

Housing Demographics for 11231

Population Review for 11231 Zip Code

For the city of Brooklyn, the population within 11231 has increased to over 34,755 residents in population size. The current population total is 37,240. We have broken down the population based on race below. In 11231, there are over 17549 in male population and 19691 females.

PopulationValues
Total Population37,240
White Population23233
Black Population4526
Hispanic Population7029
Asian Population2242
Hawaiian Population25
Indian Population185
Other Population2925
Male Population17549
Female Population19691
Population Estimate34755

Household Data for 11231

The average number of homes in 11231 is around 16,269, there are an average of 2.27 per household. The average house value according to local real estate values is around $1,535,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode16,269
Persons Per Household2.27
Average House Value$1,535,000
Income Per Household$121638
Median Age36.7
Median Age Male36.0
Median Age Female37.2
11231 DetailsValues
StateNY
State Full NameNew York
City TypeP
City Alias Abbreviation
Area Code718
CityBrooklyn
City Alias NameBROOKLYN
CountyKings
County FIPS047
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 Businesses1248
Number Of Employees10507
Business First Quarter Payroll126445
Business Annual Payroll627947
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 District10
Congressional LandArea14.25
Delivery Residential15311
Delivery Business1409
Delivery Total17134
Preferred Last Line KeyV12317
Classification Code
Multi-County
CSA NameNew York-Newark, NY-NJ-CT-PA
CBSA_DIV_NameNew York-Jersey City-White Plains, NY-NJ
City State KeyV12317
Land Area1.425000
Water Area0.026000
City Alias Code
City Mixed CaseBrooklyn
City Alias Mixed CaseBrooklyn
Box Count153
SFDU3667
MFDU11453
State ANSI36
County ANSI047
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number350995
Unique ZIP Name
SSA State County Code33331
Medicare CBSA Code35614
Medicare CBSA NameNew York-Jersey City-White Plains, NY-NJ
Medicare CBSA TypeMetro
Market Rating Area ID4
County Mixed CaseKings

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 […]