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47683 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 47683? There are over 30 occupied homes in the 47683 area. With a population size of 83, it's not uncommon for residence of Somerville, IN to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Indiana is around $793 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 47683 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Somerville, IN Home Insurance Rate Quotes

47683 Home Insurance Average Premiums

Local 47683 homeowners insurance quotes comparison

$543 /yr.

Shows Zip Code: 47683 lowest rates with discounts applied on average.

For the 47683, 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)		$543 /yr.
Average Coverage:$793 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1093 /yr.

What is the average home insurance cost for a home in 47683?

  • • The average homeowners insurance premium paid annually for a home in 47683 is around $793 per year.

What does it cost on average per month for home insurance in 47683?

  • • Homeowners in 47683 pay a monthly average cost per month around $66.00.

What kind of discount could I get if I combine my home and auto insurance together in 47683?

  • • Autoowners in 47683 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 Somerville area, check out other zip codes nearby 47683.
Review average rates in another zip code:
47683 homeowners insurance rates

Home Replacement Cost Coverage in 47683

Average Building Cost Per Square Foot in 47683: $108

Location: Somerville, Indiana (Gibson County)

Average Square Footage in 47683: 961 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 47683 before you start any project. Somerville 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 47683 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 47683 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 961 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 Somerville 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$108961$103,800
Additional Upgrades & Added Features$135961$129,750
Major Home Updates or Advancements$162961$155,700

It's important to understand that when you estimate your replacement cost of your home in the 47683 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 47683

Best Home & Auto Insurance Agencies in 47683

Housing Demographics for 47683

Population Review for 47683 Zip Code

For the city of Somerville, the population within 47683 has increased to over 0 residents in population size. The current population total is 83. We have broken down the population based on race below. In 47683, there are over 36 in male population and 47 females.

PopulationValues
Total Population83
White Population77
Black Population0
Hispanic Population1
Asian Population0
Hawaiian Population0
Indian Population0
Other Population0
Male Population36
Female Population47
Population Estimate0

Household Data for 47683

The average number of homes in 47683 is around 30, there are an average of 2.77 per household. The average house value according to local real estate values is around $103,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode30
Persons Per Household2.77
Average House Value$103,800
Income Per Household$65833
Median Age41.5
Median Age Male31.0
Median Age Female52.2
47683 DetailsValues
StateIN
State Full NameIndiana
City TypeZ
City Alias Abbreviation
Area Code812
CitySomerville
City Alias NameSOMERVILLE
CountyGibson
County FIPS051
State FIPS18
Time Zone6
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 Businesses0
Number Of Employees0
Business First Quarter Payroll0
Business Annual Payroll0
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 District08
Congressional LandArea7255.39
Delivery Residential0
Delivery Business0
Delivery Total468
Preferred Last Line Key020119
Classification CodeP
Multi-County
CSA Name
CBSA_DIV_Name
City State Key020119
Land Area0.072000
Water Area0.000000
City Alias Code
City Mixed CaseSomerville
City Alias Mixed CaseSomerville
Box Count0
SFDU0
MFDU0
State ANSI18
County ANSI051
ZIP Intro
Alias Intro
Facility CodeN
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number176446
Unique ZIP Name
SSA State County Code15250
Medicare CBSA Code99915
Medicare CBSA NameRural Areas in IN
Medicare CBSA TypeMicro
Market Rating Area ID17
County Mixed CaseGibson

Indiana Homeowners Insurance News & Information

  • 2025 Florida Home Insurance Rates Could Increase Posted on Tuesday 14th January, 2025

    While many state legislators, industry leaders and insurance regulators have been claiming that the insurance market in Florida has stabilized, it looks like premiums may be headed up again in the near future.  According to an analysis by the South Florida Sun Sentinel, the average statewide premium, being paid for an all-perils single-family home policy […]

  • Economists Top 5 Housing Predictions for 2025 Posted on Monday 6th January, 2025

    Housing costs are currently sky-high, regardless of whether you are renting or in the market to buy a home. According to the latest data from the U.S Cenus, the median sales price for a single-family home was $437,300, which is up from $426,800 a month prior. On the rental front, the median price for rent […]

  • 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 […]