47408 Homeowners Insurance Quotes & Coverage Options

If you are looking to lower the cost of your homeowners insurance policy you have come to the right place. We have helped thousands of shoppers in 47408 zip code find a great new policy that offers the coverage they need at a price they can afford.

GetHomeInsuranceQuotes.com makes shopping for a new policy in Bloomington, IN quick and easy. Our rates are super competitive and our agents can advise you on what coverages you need in 47408.

Shopping for insurance quotes on GetHomeInsuranceQuotes.com is always free and we will provide you with a free consultation to answer any questions you may have about coverages and rates.

If you are ready to start shopping for a great policy simply click the "Get Multiple Quotes Now" button, enter 47408 and start shopping.

Quickly and Easily Compare Average Rates for 47408

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

Average Policy Rates in 47408

Homeowners in Bloomington are paying roughly $784 per year for a homeowners policy. We can help you shave up to 40 percent off of your current homeowners premium. Get started now and shop up to 12 insurance quotes from nationwide insurers right now.

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47408 Home Insurance Average Premiums

Local 47408 homeowners insurance quotes comparison

$534 /yr.

Shows Zip Code: 47408 lowest rates with discounts applied on average.

For the 47408, 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)	$534 /yr.
Average Coverage:	$784 /yr.
2600 sq. ft. or higher (all discounts applied)	$1084 /yr.

What is the average home insurance cost for a home in 47408?

• The average homeowners insurance premium paid annually for a home in 47408 is around $784 per year.

What does it cost on average per month for home insurance in 47408?

• Homeowners in 47408 pay a monthly average cost per month around $65.00.

What kind of discount could I get if I combine my home and auto insurance together in 47408?

• Autoowners in 47408 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 Bloomington area, check out other zip codes nearby 47408.
Review average rates in another zip code:
47401 homeowners insurance rates
47405 homeowners insurance rates
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47404 homeowners insurance rates
47408 homeowners insurance rates

Home Replacement Cost Coverage in 47408

Average Building Cost Per Square Foot in 47408: $108

Location: Bloomington, Indiana (Monroe County)

Average Square Footage in 47408: 2,092 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 47408 before you start any project. Bloomington 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 47408 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 47408 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,092 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 Bloomington 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 Status	Price per Sq. Ft.	Square Feet	Dwelling Coverage
Basic Home Features	$108	2,092	$225,900
Additional Upgrades & Added Features	$135	2,092	$282,375
Major Home Updates or Advancements	$162	2,092	$338,850

Calculate Your Dwelling Coverage in 47408

It's important to understand that when you estimate your replacement cost of your home in the 47408 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 Home & Auto Insurance Agencies in 47408

Bales, Kim - Shelter Insurance

Address: 113 E 19th St, #2 Bloomington, IN 47408
Phone:
Website: http://www.shelterinsurance.com/CA/agent/KIMBALES
Info:

Ken Stone Insurance Agency Inc - State Farm Insurance Agent

Address: 2640 E 10th St Bloomington, IN 47408
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Housing Demographics for 47408

Population Review for 47408 Zip Code

For the city of Bloomington, the population within 47408 has increased to over 21,567 residents in population size. The current population total is 22,917. We have broken down the population based on race below. In 47408, there are over 12007 in male population and 10910 females.

Population	Values
Total Population	22,917
White Population	17905
Black Population	799
Hispanic Population	1033
Asian Population	2266
Hawaiian Population	8
Indian Population	46
Other Population	316
Male Population	12007
Female Population	10910
Population Estimate	21567

Household Data for 47408

The average number of homes in 47408 is around 10,040, there are an average of 2.08 per household. The average house value according to local real estate values is around $225,900. Please review the following demographics below for average income and media age.

Housing / Income Data	Values
Households Per Zipcode	10,040
Persons Per Household	2.08
Average House Value	$225,900
Income Per Household	$38910
Median Age	25.7
Median Age Male	25.4
Median Age Female	26.0

47408 Details	Values
State	IN
State Full Name	Indiana
City Type	P
City Alias Abbreviation
Area Code	812/930
City	Bloomington
City Alias Name	BLOOMINGTON
County	Monroe
County FIPS	105
State FIPS	18
Time Zone	5
Day Light Saving	Y
MSA	1020
PMSA
CSA	144
CBSA	14020
CBSA_DIV
CBSA_Type	Metro
CBSA_Name	Bloomington, IN
MSA_Name	Bloomington, IN MSA
PMSA_Name
Region	Midwest
Division	East North Central
MailingName	Y

Economic & Growth Review	Values
Number Of Businesses	305
Number Of Employees	2938
Business First Quarter Payroll	18402
Business Annual Payroll	83527
Business Employment Flag
Growth Rank	0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number	0
Growth Increase Percentage	0.0

Metropolitan Details	Values
CBSA Population	192714
CBSA Division Population	0
Congressional District	09
Congressional LandArea	4486.77
Delivery Residential	10369
Delivery Business	381
Delivery Total	10698
Preferred Last Line Key	X11606
Classification Code
Multi-County
CSA Name	Bloomington-Bedford, IN
CBSA_DIV_Name
City State Key	X11606
Land Area	64.449000
Water Area	0.208000
City Alias Code
City Mixed Case	Bloomington
City Alias Mixed Case	Bloomington
Box Count	0
SFDU	5323
MFDU	2521
State ANSI	18
County ANSI	105
ZIP Intro
Alias Intro
Facility Code	P
City Delivery Indicator	Y
Carrier Route Rate Sortation	D
Finance Number	170660
Unique ZIP Name
SSA State County Code	15520
Medicare CBSA Code	14020
Medicare CBSA Name	Bloomington, IN
Medicare CBSA Type	Metro
Market Rating Area ID	13
County Mixed Case	Monroe

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 […]

Home Insurance Quotes in 47408!