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Quickly Revew Homeowners Insurance in 47320

If you own a home in Albany, IN you need a great homeowners policy to protect your home and possessions. Industry experts recommend shopping your homeowners insurance on a yearly basis to ensure that you are getting the best price and coverage levels.

GetHomeInsuranceQuotes.com can help you shop your coverage and find the best policy for your home in 47320 zip code. Our service is always free and we will gather quotes from up to 12 nationwide insurers so you can see all of your homeowners insurance options in one place. Our Indiana licensed agents will also review your needs and make sure you have the appropriate coverage for your home.

If you want to see real savings on the cost of homeowners insurance start shopping GetHomeInsuranceQuotes.com right now. Get started by clicking the Get Multiple Quotes Now" button below, verify your 47320 and start comparing rates now.

47320 Homeowners Insurance Rates Are Considered: medium!

The average rate for a standard homeowners policy in 47320 is $772 according to industry data. We can help you achieve substantial savings by using our online quoting process to find the best policy for your specific home. We will also make sure you are fully covered. Insurance policies and coverage levels vary so it is key to fully understand your policy and what it covers as well as any coverage limitations.

We only deal with reputable, nationwide insurers so you can be confident that if you do need to make a claim it will be handled quickly and fairly. It’s time to start shopping for a new policy.

Get 47320 Home Insurance Rate Quotes Right Now!

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Albany, IN home insurance quotes in your local city and review the most competitive coverages and premiums.

47320 Home Insurance Average Premiums

Local 47320 homeowners insurance quotes comparison

$522 /yr.

Shows Zip Code: 47320 lowest rates with discounts applied on average.

For the 47320, 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)
$522 /yr.
Average Coverage:$772 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1072 /yr.

What is the average home insurance cost for a home in 47320?

  • • The average homeowners insurance premium paid annually for a home in 47320 is around $772 per year.

What does it cost on average per month for home insurance in 47320?

  • • Homeowners in 47320 pay a monthly average cost per month around $64.00.

What kind of discount could I get if I combine my home and auto insurance together in 47320?

  • • Autoowners in 47320 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 Albany area, check out other zip codes nearby 47320.
Review average rates in another zip code:
47320 homeowners insurance rates

Home Replacement Cost Coverage in 47320

Average Building Cost Per Square Foot in 47320: $108

Location: Albany, Indiana (Delaware County)

Average Square Footage in 47320: 936 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 47320 before you start any project. Albany homeowners pay on average around $108 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 47320 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 47320 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 936 sq. ft. and the average cost to rebuild the home in this area is around $108 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 Albany 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$108936$101,100
Additional Upgrades & Added Features$135936$126,375
Major Home Updates or Advancements$162936$151,650

It's important to understand that when you estimate your replacement cost of your home in the 47320 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 47320

Best Home & Auto Insurance Agencies in 47320

Housing Demographics for 47320

Population Review for 47320 Zip Code

For the city of Albany, the population within 47320 has increased to over 3,956 residents in population size. The current population total is 3,978. We have broken down the population based on race below. In 47320, there are over 1939 in male population and 2039 females.

PopulationValues
Total Population3,978
White Population3790
Black Population23
Hispanic Population45
Asian Population14
Hawaiian Population0
Indian Population14
Other Population17
Male Population1939
Female Population2039
Population Estimate3956

Household Data for 47320

The average number of homes in 47320 is around 1,664, there are an average of 2.34 per household. The average house value according to local real estate values is around $101,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode1,664
Persons Per Household2.34
Average House Value$101,100
Income Per Household$52951
Median Age45.1
Median Age Male42.5
Median Age Female47.0
47320 DetailsValues
StateIN
State Full NameIndiana
City TypeP
City Alias Abbreviation
Area Code765
CityAlbany
City Alias NameALBANY
CountyDelaware
County FIPS035
State FIPS18
Time Zone5
Day Light SavingY
MSA5280
PMSA
CSA294
CBSA34620
CBSA_DIV
CBSA_TypeMetro
CBSA_NameMuncie, IN
MSA_NameMuncie, IN MSA
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses65
Number Of Employees536
Business First Quarter Payroll3321
Business Annual Payroll16213
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population117671
CBSA Division Population0
Congressional District03|05
Congressional LandArea4180.37|1924.76
Delivery Residential1691
Delivery Business63
Delivery Total1823
Preferred Last Line KeyX11432
Classification Code
Multi-CountyY
CSA NameIndianapolis-Carmel-Muncie, IN
CBSA_DIV_Name
City State KeyX11432
Land Area32.615000
Water Area0.239000
City Alias Code
City Mixed CaseAlbany
City Alias Mixed CaseAlbany
Box Count40
SFDU1618
MFDU0
State ANSI18
County ANSI035
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number170088
Unique ZIP Name
SSA State County Code15170
Medicare CBSA Code34620
Medicare CBSA NameMuncie, IN
Medicare CBSA TypeMetro
Market Rating Area ID8
County Mixed CaseDelaware

Indiana Homeowners Insurance News & Information

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]