02807 Home Insurance Quotes & Rates

Currently, the 663 homes within the 02807 zip code are being challenged with rate increases and the demand for more affordable homeowners insurance premiums. The average home insurance rate for Rhode Island is around $1,406 per year for a standard HO-3 homeowners policy. A standard homeowners policy in Block Island, RI, insures your home from theft, fire, windstorm damage and liability accidents on your property. Flood or earthquake damage is not covered under a basic homeowners policy, we can help you review the best coverage option for your home in 02807.

Rhode Island is now ranking #5 in the country for the highest premiums. If you are trying to lower your premium and want to compare up to 12 Block Island home insurance quotes all in one place then GetHomeInsuranceQuotes.com of Rhode Island has the online shopping service for you. Our hassle free online quoting application allows homeowners in the 02807 area to review and compare the best rates and coverage options. We can provide a free consultation process to help you decide which carrier, coverage and policy is the best fit for you and your family. We realize that protecting your most valuable investment is very important to you, that is why we want to help you increase your coverage while providing the most affordable rates available. Let us help you shop and compare your Block Island, Rhode Island home insurance rates today!

Please give us a call now at 1-855-976-2656, easily get up to 12 rates over the phone in minutes. For Block Island, RI Home Insurance Quotes, start your shopping process to today, it's easy and hassle free!

Average Building Cost Per Square Foot in 02807: $210

Average Square Footage in 02807: 4,685 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 02807 before you start any project. Block Island homeowners pay on average around $210 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 02807 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 02807 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 4,685 sq. ft. and the average cost to rebuild the home in this area is around $210 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 Block Island 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.

It's important to understand that when you estimate your replacement cost of your home in the 02807 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.

Household Data for 02807

The average number of homes in 02807 is around 663, there are an average of 2.13 per household. The average house value according to local real estate values is around $983,900. Please review the following demographics below for average income and media age.

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