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48359 Home Insurance Quotes & Rates

Currently, the 3,713 homes within the 48359 zip code are being challenged with rate increases and the demand for more affordable homeowners insurance premiums. The average home insurance rate for Michigan is around $775 per year for a standard HO-3 homeowners policy. A standard homeowners policy in Lake Orion, MI, insures your home from theft, fire, windstorm damage and liability accidents on your property. Flood or earthquake damage is not covered under a basic homeowners policy, we can help you review the best coverage option for your home in 48359.

Michigan is now ranking #44 in the country for the highest premiums. If you are trying to lower your premium and want to compare up to 12 Lake Orion home insurance quotes all in one place then GetHomeInsuranceQuotes.com of Michigan has the online shopping service for you. Our hassle free online quoting application allows homeowners in the 48359 area to review and compare the best rates and coverage options. We can provide a free consultation process to help you decide which carrier, coverage and policy is the best fit for you and your family. We realize that protecting your most valuable investment is very important to you, that is why we want to help you increase your coverage while providing the most affordable rates available. Let us help you shop and compare your Lake Orion, Michigan home insurance rates today!

Please give us a call now at 1-855-976-2656, easily get up to 12 rates over the phone in minutes. For Lake Orion, MI Home Insurance Quotes, start your shopping process to today, it's easy and hassle free!

48359 Home Insurance Average Premiums

Local 48359 homeowners insurance quotes comparison

$525 /yr.

Shows Zip Code: 48359 lowest rates with discounts applied on average.

For the 48359, 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)
$525 /yr.
Average Coverage:$775 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1075 /yr.

What is the average home insurance cost for a home in 48359?

  • • The average homeowners insurance premium paid annually for a home in 48359 is around $775 per year.

What does it cost on average per month for home insurance in 48359?

  • • Homeowners in 48359 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 48359?

  • • Autoowners in 48359 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.

You can easily shop and compare home insurance rates within Lake Orion, check out other zip codes nearby 48359.
To review average rates in another zip code, click on a zip code below:
48359  |  48360  |  48362  | 

Home Replacement Cost Coverage in 48359

Average Building Cost Per Square Foot in 48359: $132

Location: Lake Orion, Michigan (Oakland County)

Average Square Footage in 48359: 2,067 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48359 before you start any project. Lake Orion homeowners pay on average around $132 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 48359 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 48359 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,067 sq. ft. and the average cost to rebuild the home in this area is around $132 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 Lake Orion 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$1322,067$272,800
Additional Upgrades & Added Features$1652,067$341,000
Major Home Updates or Advancements$1982,067$409,200

It's important to understand that when you estimate your replacement cost of your home in the 48359 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 48359

Allstate Insurance - Richard P. Spano

Address: 4800 Joslyn Road Lake Orion, MI 48359
Phone: (248)391-3272
Website:

Best Home & Auto Insurance Agencies in 48359

Richard P Spano Agency Allstate Insurance Company

Address: 4301 S Baldwin Rd Lake Orion, MI 48359
Phone:
Website: http://www.richardspano.com/
Info:

Allstate Insurance - Richard P. Spano

Address: 4800 Joslyn Rd Lake Orion, MI 48359
Phone:
Website:
Info:

Housing Demographics for 48359

Population Review for 48359 Zip Code

For the city of Lake Orion, the population within 48359 has increased to over 11,371 residents in population size. The current population total is 9,939. We have broken down the population based on race below. In 48359, there are over 5075 in male population and 4864 females.

PopulationValues
Total Population9,939
White Population7747
Black Population410
Hispanic Population883
Asian Population551
Hawaiian Population1
Indian Population19
Other Population270
Male Population5075
Female Population4864
Population Estimate11371

Household Data for 48359

The average number of homes in 48359 is around 3,713, there are an average of 2.65 per household. The average house value according to local real estate values is around $272,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode3,713
Persons Per Household2.65
Average House Value$272,800
Income Per Household$87356
Median Age36.6
Median Age Male35.6
Median Age Female37.6
48359 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code248/947
CityLake Orion
City Alias NameLAKE ORION
CountyOakland
County FIPS125
State FIPS26
Time Zone5
Day Light SavingY
MSA2162
PMSA2160
CSA220
CBSA19820
CBSA_DIV47664
CBSA_TypeMetro
CBSA_NameDetroit-Warren-Dearborn, MI
MSA_NameDetroit-Ann Arbor-Flint, MI CMSA
PMSA_NameDetroit, MI PMSA
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses307
Number Of Employees6296
Business First Quarter Payroll80447
Business Annual Payroll338375
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population4296250
CBSA Division Population2475666
Congressional District09|11
Congressional LandArea183.59|419.26
Delivery Residential4291
Delivery Business318
Delivery Total5583
Preferred Last Line KeyY12206
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12206
Land Area10.943000
Water Area0.287000
City Alias Code
City Mixed CaseLake Orion
City Alias Mixed CaseLake Orion
Box Count0
SFDU2872
MFDU200
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number255190
Unique ZIP Name
SSA State County Code23620
Medicare CBSA Code47664
Medicare CBSA NameWarren-Troy-Farmington Hills, MI
Medicare CBSA TypeMetro
Market Rating Area ID2
County Mixed CaseOakland

Michigan Homeowners Insurance News & Information

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