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Home Insurance Quotes in 48762
Are you shopping for a cheaper homeowners insurance rate in 48762? Our rates are very competitive for homeowners living in Spruce, MI. Many homeowners located in the 48762 zip code 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 online quoting process is free to use and our Michigan licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. If you are unsure which policy is best for you, then please contact us so we can help you understand what coverage package you need to protect your home in 48762. To get free 48762 home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 48762 zip code should appear in the zip code field ready to go. Shopping Spruce, MI Homeowners Insurance Rates is easy, just click, complete your online quoting application for the property address located in 48762 to review the best rate coverages.
Your 48762 Home Insurance Costs Is Rated: Medium!
For the great city of Spruce, the average home insurance premium paid annually is around $755 for a standard HO-3 homeowners policy. It's important to know that you may need additional coverage like flood or earthquake insurance to cover your home. Most basic home insurance policies do not provide enough coverage to provide the risk and protection you need. Our Michigan specific quoting application process is designed to meet the needs of the homeowner and we can provide the most competitive rates with enhanced coverage options. If you live in Spruce and need insurance on your home in the 48762 zip code, then it is important to use our service and easily discover more affordable homeowners insurance rates.
48762 Home Insurance Average Premiums
$505 /yr.
Shows Zip Code: 48762 lowest rates with discounts applied on average.
For the 48762, 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) | $505 /yr. |
| Average Coverage: | $755 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1055 /yr. |
What is the average home insurance cost for a home in 48762?
- • The average homeowners insurance premium paid annually for a home in 48762 is around $755 per year.
What does it cost on average per month for home insurance in 48762?
- • Homeowners in 48762 pay a monthly average cost per month around $63.00.
What kind of discount could I get if I combine my home and auto insurance together in 48762?
- • Autoowners in 48762 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 Spruce area, check out other zip codes nearby 48762.
Review average rates in another zip code:
48762 homeowners insurance rates
Home Replacement Cost Coverage in 48762
Average Building Cost Per Square Foot in 48762: $132
Location: Spruce, Michigan (Alcona County)Average Square Footage in 48762: 1,007 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 48762 before you start any project. Spruce 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 48762 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 48762 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,007 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 Spruce 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 | 1,007 | $132,900 |
| Additional Upgrades & Added Features | $165 | 1,007 | $166,125 |
| Major Home Updates or Advancements | $198 | 1,007 | $199,350 |
It's important to understand that when you estimate your replacement cost of your home in the 48762 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 48762
Best Home & Auto Insurance Agencies in 48762
Housing Demographics for 48762
Population Review for 48762 Zip Code
For the city of Spruce, the population within 48762 has increased to over 1,357 residents in population size. The current population total is 1,080. We have broken down the population based on race below. In 48762, there are over 534 in male population and 546 females.
| Population | Values |
|---|---|
| Total Population | 1,080 |
| White Population | 1034 |
| Black Population | 1 |
| Hispanic Population | 9 |
| Asian Population | 2 |
| Hawaiian Population | 0 |
| Indian Population | 2 |
| Other Population | 2 |
| Male Population | 534 |
| Female Population | 546 |
| Population Estimate | 1357 |
Household Data for 48762
The average number of homes in 48762 is around 447, there are an average of 2.42 per household. The average house value according to local real estate values is around $132,900. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 447 |
| Persons Per Household | 2.42 |
| Average House Value | $132,900 |
| Income Per Household | $54327 |
| Median Age | 58.4 |
| Median Age Male | 59.7 |
| Median Age Female | 56.6 |
| 48762 Details | Values |
|---|---|
| State | MI |
| State Full Name | Michigan |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 989 |
| City | Spruce |
| City Alias Name | SPRUCE |
| County | Alcona |
| County FIPS | 001 |
| 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 | 17 |
| Number Of Employees | 48 |
| Business First Quarter Payroll | 243 |
| Business Annual Payroll | 1985 |
| 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 | 01 |
| Congressional LandArea | 25027.75 |
| Delivery Residential | 561 |
| Delivery Business | 16 |
| Delivery Total | 621 |
| Preferred Last Line Key | Y12826 |
| Classification Code | |
| Multi-County | Y |
| CSA Name | |
| CBSA_DIV_Name | |
| City State Key | Y12826 |
| Land Area | 56.758000 |
| Water Area | 0.292000 |
| City Alias Code | |
| City Mixed Case | Spruce |
| City Alias Mixed Case | Spruce |
| Box Count | 37 |
| SFDU | 561 |
| MFDU | 0 |
| State ANSI | 26 |
| County ANSI | 001 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | N |
| Carrier Route Rate Sortation | C |
| Finance Number | 258910 |
| Unique ZIP Name | |
| SSA State County Code | 23000 |
| Medicare CBSA Code | 99923 |
| Medicare CBSA Name | Rural Areas in MI |
| Medicare CBSA Type | Micro |
| Market Rating Area ID | 15 |
| County Mixed Case | Alcona |
Michigan Homeowners Insurance News & Information
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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 […]
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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 […]
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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 […]