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49303 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 49303? There are over 383 occupied homes in the 49303 area. With a population size of 1,085, it's not uncommon for residence of Bailey, MI to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Michigan is around $780 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 49303 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: Bailey, MI Home Insurance Rate Quotes

49303 Home Insurance Average Premiums

Local 49303 homeowners insurance quotes comparison

$530 /yr.

Shows Zip Code: 49303 lowest rates with discounts applied on average.

For the 49303, 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)		$530 /yr.
Average Coverage:$780 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1080 /yr.

What is the average home insurance cost for a home in 49303?

  • • The average homeowners insurance premium paid annually for a home in 49303 is around $780 per year.

What does it cost on average per month for home insurance in 49303?

  • • Homeowners in 49303 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 49303?

  • • Autoowners in 49303 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 Bailey area, check out other zip codes nearby 49303.
Review average rates in another zip code:
49303 homeowners insurance rates

Home Replacement Cost Coverage in 49303

Average Building Cost Per Square Foot in 49303: $132

Location: Bailey, Michigan (Muskegon County)

Average Square Footage in 49303: 1,155 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 49303 before you start any project. Bailey 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 49303 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 49303 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,155 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 Bailey 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$1321,155$152,500
Additional Upgrades & Added Features$1651,155$190,625
Major Home Updates or Advancements$1981,155$228,750

It's important to understand that when you estimate your replacement cost of your home in the 49303 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 49303

Best Home & Auto Insurance Agencies in 49303

Housing Demographics for 49303

Population Review for 49303 Zip Code

For the city of Bailey, the population within 49303 has increased to over 1,106 residents in population size. The current population total is 1,085. We have broken down the population based on race below. In 49303, there are over 564 in male population and 521 females.

PopulationValues
Total Population1,085
White Population962
Black Population1
Hispanic Population83
Asian Population3
Hawaiian Population0
Indian Population3
Other Population49
Male Population564
Female Population521
Population Estimate1106

Household Data for 49303

The average number of homes in 49303 is around 383, there are an average of 2.83 per household. The average house value according to local real estate values is around $152,500. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode383
Persons Per Household2.83
Average House Value$152,500
Income Per Household$71750
Median Age38.1
Median Age Male38.0
Median Age Female38.1
49303 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code616
CityBailey
City Alias NameBAILEY
CountyMuskegon
County FIPS121
State FIPS26
Time Zone5
Day Light SavingY
MSA3000
PMSA
CSA266
CBSA34740
CBSA_DIV
CBSA_TypeMetro
CBSA_NameMuskegon-Norton Shores, MI
MSA_NameGrand Rapids-Muskegon-Holland, MI MSA
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses19
Number Of Employees157
Business First Quarter Payroll1364
Business Annual Payroll5830
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population172188
CBSA Division Population0
Congressional District02
Congressional LandArea3281.19
Delivery Residential391
Delivery Business12
Delivery Total552
Preferred Last Line KeyY11391
Classification Code
Multi-CountyY
CSA NameGrand Rapids-Wyoming, MI
CBSA_DIV_Name
City State KeyY11391
Land Area14.750000
Water Area0.052000
City Alias Code
City Mixed CaseBailey
City Alias Mixed CaseBailey
Box Count19
SFDU391
MFDU0
State ANSI26
County ANSI121
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number250530
Unique ZIP Name
SSA State County Code23600
Medicare CBSA Code34740
Medicare CBSA NameMuskegon, MI
Medicare CBSA TypeMetro
Market Rating Area ID12
County Mixed CaseMuskegon

Michigan Homeowners Insurance News & Information

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    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 […]