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Compare 48370 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Oxford just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 608 neighbors looking to save on their home insurance policy in the local 48370 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 48370. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Michigan rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Oxford, MI home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Oxford, MI

48370 Home Insurance Average Premiums

Local 48370 homeowners insurance quotes comparison

$550 /yr.

Shows Zip Code: 48370 lowest rates with discounts applied on average.

For the 48370, 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)		$550 /yr.
Average Coverage:$800 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1100 /yr.

What is the average home insurance cost for a home in 48370?

  • • The average homeowners insurance premium paid annually for a home in 48370 is around $800 per year.

What does it cost on average per month for home insurance in 48370?

  • • Homeowners in 48370 pay a monthly average cost per month around $67.00.

What kind of discount could I get if I combine my home and auto insurance together in 48370?

  • • Autoowners in 48370 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 Oxford area, check out other zip codes nearby 48370.
Review average rates in another zip code:
48370 homeowners insurance rates
48371 homeowners insurance rates

Home Replacement Cost Coverage in 48370

Average Building Cost Per Square Foot in 48370: $132

Location: Oxford, Michigan (Oakland County)

Average Square Footage in 48370: 2,667 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48370 before you start any project. Oxford 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 48370 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 48370 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,667 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 Oxford 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$1322,667$352,000
Additional Upgrades & Added Features$1652,667$440,000
Major Home Updates or Advancements$1982,667$528,000

It's important to understand that when you estimate your replacement cost of your home in the 48370 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 48370

Best Home & Auto Insurance Agencies in 48370

Housing Demographics for 48370

Population Review for 48370 Zip Code

For the city of Oxford, the population within 48370 has increased to over 1,856 residents in population size. The current population total is 1,741. We have broken down the population based on race below. In 48370, there are over 866 in male population and 875 females.

PopulationValues
Total Population1,741
White Population1602
Black Population18
Hispanic Population46
Asian Population14
Hawaiian Population0
Indian Population7
Other Population21
Male Population866
Female Population875
Population Estimate1856

Household Data for 48370

The average number of homes in 48370 is around 608, there are an average of 2.83 per household. The average house value according to local real estate values is around $352,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode608
Persons Per Household2.83
Average House Value$352,000
Income Per Household$89000
Median Age46.7
Median Age Male47.8
Median Age Female45.8
48370 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code248/947
CityOxford
City Alias NameOXFORD
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 Businesses31
Number Of Employees126
Business First Quarter Payroll1213
Business Annual Payroll6420
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
Congressional LandArea183.59
Delivery Residential656
Delivery Business9
Delivery Total665
Preferred Last Line KeyY12540
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12540
Land Area11.023000
Water Area0.119000
City Alias Code
City Mixed CaseOxford
City Alias Mixed CaseOxford
Box Count0
SFDU643
MFDU0
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number257240
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

  • 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 […]