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Home Insurance in 48632
Our rates are very competitive for homeowners living in the 48632 zip code. Many homeowners based out of Lake, MI have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our MI licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 48632 should appear in the zip code field ready to go.
48632 Average Home Insurance Rates
Are you looking for a standard HO-3 homeowners policy for your single family home in the Lake area? The average homeowners premium in 48632 is medium in comparison to other states. For example, the national average is $1,249 per year for home insurance coverage for a basic home insurance policy. For homeowners living in the 48632, you can expect to pay around $740 per year for homeowners coverage. If you want to see which company has the best rates and coverage options, than easily compare rates with us. You can review each premium and we can help explain any question that you may have about different types of coverages and what is best for you and your family.
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Get Home Insurance Quotes in 48632
We can shop up to 12 home insurance quotes for you easily online. You can find out more by exploring one of the three links below to review average homeowners insurance rates in the great state of Michigan. Start your 48632 home insurance shopping today!
48632 Home Insurance Average Premiums
$490 /yr.
Shows Zip Code: 48632 lowest rates with discounts applied on average.
For the 48632, 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) | $490 /yr. |
| Average Coverage: | $740 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1040 /yr. |
What is the average home insurance cost for a home in 48632?
- • The average homeowners insurance premium paid annually for a home in 48632 is around $740 per year.
What does it cost on average per month for home insurance in 48632?
- • Homeowners in 48632 pay a monthly average cost per month around $62.00.
What kind of discount could I get if I combine my home and auto insurance together in 48632?
- • Autoowners in 48632 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 Lake area, check out other zip codes nearby 48632.
Review average rates in another zip code:
48632 homeowners insurance rates
Home Replacement Cost Coverage in 48632
Average Building Cost Per Square Foot in 48632: $132
Location: Lake, Michigan (Clare County)Average Square Footage in 48632: 759 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 48632 before you start any project. Lake 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 48632 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 48632 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 759 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 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 | $132 | 759 | $100,200 |
| Additional Upgrades & Added Features | $165 | 759 | $125,250 |
| Major Home Updates or Advancements | $198 | 759 | $150,300 |
It's important to understand that when you estimate your replacement cost of your home in the 48632 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 48632
Best Home & Auto Insurance Agencies in 48632
Housing Demographics for 48632
Population Review for 48632 Zip Code
For the city of Lake, the population within 48632 has increased to over 6,453 residents in population size. The current population total is 4,987. We have broken down the population based on race below. In 48632, there are over 2534 in male population and 2453 females.
| Population | Values |
|---|---|
| Total Population | 4,987 |
| White Population | 4635 |
| Black Population | 19 |
| Hispanic Population | 108 |
| Asian Population | 11 |
| Hawaiian Population | 0 |
| Indian Population | 31 |
| Other Population | 29 |
| Male Population | 2534 |
| Female Population | 2453 |
| Population Estimate | 6453 |
Household Data for 48632
The average number of homes in 48632 is around 2,192, there are an average of 2.27 per household. The average house value according to local real estate values is around $100,200. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 2,192 |
| Persons Per Household | 2.27 |
| Average House Value | $100,200 |
| Income Per Household | $42929 |
| Median Age | 52.0 |
| Median Age Male | 51.6 |
| Median Age Female | 52.2 |
| 48632 Details | Values |
|---|---|
| State | MI |
| State Full Name | Michigan |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 989 |
| City | Lake |
| City Alias Name | LAKE |
| County | Clare |
| County FIPS | 035 |
| State FIPS | 26 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | |
| PMSA | |
| CSA | |
| CBSA | |
| CBSA_DIV | |
| CBSA_Type | |
| CBSA_Name | |
| MSA_Name | |
| PMSA_Name | |
| Region | Midwest |
| Division | East North Central |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 34 |
| Number Of Employees | 110 |
| Business First Quarter Payroll | 648 |
| Business Annual Payroll | 3493 |
| 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 | 0 |
| CBSA Division Population | 0 |
| Congressional District | 02 |
| Congressional LandArea | 3281.19 |
| Delivery Residential | 2843 |
| Delivery Business | 21 |
| Delivery Total | 3223 |
| Preferred Last Line Key | Y12194 |
| Classification Code | |
| Multi-County | Y |
| CSA Name | |
| CBSA_DIV_Name | |
| City State Key | Y12194 |
| Land Area | 123.169000 |
| Water Area | 4.642000 |
| City Alias Code | |
| City Mixed Case | Lake |
| City Alias Mixed Case | Lake |
| Box Count | 140 |
| SFDU | 2815 |
| MFDU | 0 |
| State ANSI | 26 |
| County ANSI | 035 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | N |
| Carrier Route Rate Sortation | D |
| Finance Number | 255110 |
| Unique ZIP Name | |
| SSA State County Code | 23170 |
| Medicare CBSA Code | 99923 |
| Medicare CBSA Name | Rural Areas in MI |
| Medicare CBSA Type | Micro |
| Market Rating Area ID | 13 |
| County Mixed Case | Clare |
Michigan Homeowners Insurance News & Information
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