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47373 Homeowners Insurance Quotes & Coverage Options

For homeowners like you shopping online for home insurance quotes in the 47373 zip code it's important to know that our rates are very competitive for homeowners living in Redkey, IN. Many homeowners based out of your 47373 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Indiana licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 47373 should appear in the zip code field ready to go. For Redkey, IN Homeowners Insurance Quotes nearby, we offer the best rates and service.

47373: Average Home Insurance Rates

For homeowners living in the great city of Redkey, the average homeowners policy is considered medium in comparison to other states. Indiana premiums are estimated to be around $766 per year for homeowners insurance rates. You can easily save up to 40% or more, let us help you shop multiple home insurance quotes for free.

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47373 Home Insurance Average Premiums

Local 47373 homeowners insurance quotes comparison

$516 /yr.

Shows Zip Code: 47373 lowest rates with discounts applied on average.

For the 47373, 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)		$516 /yr.
Average Coverage:$766 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1066 /yr.

What is the average home insurance cost for a home in 47373?

  • • The average homeowners insurance premium paid annually for a home in 47373 is around $766 per year.

What does it cost on average per month for home insurance in 47373?

  • • Homeowners in 47373 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 47373?

  • • Autoowners in 47373 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 Redkey area, check out other zip codes nearby 47373.
Review average rates in another zip code:
47373 homeowners insurance rates

Home Replacement Cost Coverage in 47373

Average Building Cost Per Square Foot in 47373: $108

Location: Redkey, Indiana (Jay County)

Average Square Footage in 47373: 851 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 47373 before you start any project. Redkey 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 47373 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 47373 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 851 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 Redkey 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$108851$91,900
Additional Upgrades & Added Features$135851$114,875
Major Home Updates or Advancements$162851$137,850

It's important to understand that when you estimate your replacement cost of your home in the 47373 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 47373

Best Home & Auto Insurance Agencies in 47373

Housing Demographics for 47373

Population Review for 47373 Zip Code

For the city of Redkey, the population within 47373 has increased to over 1,441 residents in population size. The current population total is 2,015. We have broken down the population based on race below. In 47373, there are over 1013 in male population and 1002 females.

PopulationValues
Total Population2,015
White Population1930
Black Population6
Hispanic Population28
Asian Population10
Hawaiian Population0
Indian Population3
Other Population8
Male Population1013
Female Population1002
Population Estimate1441

Household Data for 47373

The average number of homes in 47373 is around 836, there are an average of 2.41 per household. The average house value according to local real estate values is around $91,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode836
Persons Per Household2.41
Average House Value$91,900
Income Per Household$48733
Median Age45.8
Median Age Male42.9
Median Age Female47.7
47373 DetailsValues
StateIN
State Full NameIndiana
City TypeP
City Alias Abbreviation
Area Code765
CityRedkey
City Alias NameREDKEY
CountyJay
County FIPS075
State FIPS18
Time Zone5
Day Light SavingY
MSA
PMSA
CSA
CBSA
CBSA_DIV
CBSA_Type
CBSA_Name
MSA_Name
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses19
Number Of Employees115
Business First Quarter Payroll852
Business Annual Payroll3903
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District03
Congressional LandArea4180.37
Delivery Residential598
Delivery Business11
Delivery Total1253
Preferred Last Line KeyX13403
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyX13403
Land Area31.013000
Water Area0.033000
City Alias Code
City Mixed CaseRedkey
City Alias Mixed CaseRedkey
Box Count291
SFDU570
MFDU0
State ANSI18
County ANSI075
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number177260
Unique ZIP Name
SSA State County Code15370
Medicare CBSA Code99915
Medicare CBSA NameRural Areas in IN
Medicare CBSA TypeMicro
Market Rating Area ID8
County Mixed CaseJay

Indiana Homeowners Insurance News & Information

  • Do homeowners insurance policies have loopholes? Posted on Monday 30th December, 2024

    Homeowners insurance is a necessity to help protect your home, but there can be coverage gaps that you may not be aware of which can leave you unprotected. Flood and earthquake damage along with mold and other issues are excluded from most standard homeowners insurance policies.  Here are some common exclusions that could leave you […]

  • 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 […]