47460, IN Homeowners Insurance Rates

With a population size of 11,560 and with 4,713 occupied homes in the 47460 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Spencer, IN are around $749 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Spencer, Indiana. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-855-976-2656 so we can help you review rates today!

It's important to know that if your Indiana home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Spencer, IN.

For Indiana home insurance information, including average Spencer home insurance rates, coverage options or the different homeowners insurance types, please select Spencer, IN Home Insurance Quotes Now!

Average Building Cost Per Square Foot in 47460: $108

Average Square Footage in 47460: 1,249 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 47460 before you start any project. Spencer 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 47460 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 47460 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,249 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 Spencer 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 47460 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.

State Farm Insurance

State Farm Insurance Redenbaugh Insurance Agency

American Family Insurance

Household Data for 47460

The average number of homes in 47460 is around 4,713, there are an average of 2.40 per household. The average house value according to local real estate values is around $134,900. Please review the following demographics below for average income and media age.

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