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Find the Best Home Insurance Rates in 49640

Shopping for homeowners insurance in 49640 is never fun, but it is a necessity if you want to find the best policy for your home while also keeping your premium affordable. If you live in Honor, MI and want to enhance your homeowners coverage while decreasing your annual premium, then let us help you shop the best rates and coverage options.

We can easily shop up to 12 competitive insurance companies so you can compare rates and coverage levels in the privacy of your own home. As an added bonus, our Michigan licensed agents will help you sort through your insurance options and answer any questions you may have about coverages and rates. As always, our service is completely free.

If you are ready to start searching for a new policy, simply click on the "Get Multiple Quotes Now" button. Your 49640 should populate in the zip code field and then you are ready to go. Enter some basic information on your home and we will get started on your quotes.

Home Insurance Rate Quotes in 49640

Find Honor, MI Homeowners Insurance Quotes to review the best coverage options in your area.

49640 Home Insurance Rating is: medium!

In 49640 the average premium is $749. We can help you save up to 40 percent off of the average premium by having up to 12 highly rated nationwide insurers compete for your business. Our agents will also do a professional analysis of your policy options to make sure you are getting the coverage you need at the best price.

A Quick Tip: For homeowners living in 49640, always keep an updated home inventory. This can be a game changer in the event you have to make a claim. It will make the claim process go quicker and ensure that you are fully and fairly reimbursed for your loss. There are tons of home inventory apps online that can make the tedious job of putting together an inventory quick and easy. As a bonus, your inventory is stored in the cloud so you always have access to it.

Start shopping for a great new policy right now. Get Multiple Home Insurance Rates in 49640!

49640 Home Insurance Average Premiums

Local 49640 homeowners insurance quotes comparison

$499 /yr.

Shows Zip Code: 49640 lowest rates with discounts applied on average.

For the 49640, 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)
$499 /yr.
Average Coverage:$749 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1049 /yr.

What is the average home insurance cost for a home in 49640?

  • • The average homeowners insurance premium paid annually for a home in 49640 is around $749 per year.

What does it cost on average per month for home insurance in 49640?

  • • Homeowners in 49640 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 49640?

  • • Autoowners in 49640 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 Honor area, check out other zip codes nearby 49640.
Review average rates in another zip code:
49640 homeowners insurance rates

Home Replacement Cost Coverage in 49640

Average Building Cost Per Square Foot in 49640: $132

Location: Honor, Michigan (Benzie County)

Average Square Footage in 49640: 1,996 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 49640 before you start any project. Honor 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 49640 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 49640 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,996 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 Honor 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$1321,996$263,500
Additional Upgrades & Added Features$1651,996$329,375
Major Home Updates or Advancements$1981,996$395,250

It's important to understand that when you estimate your replacement cost of your home in the 49640 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 49640

Best Home & Auto Insurance Agencies in 49640

Housing Demographics for 49640

Population Review for 49640 Zip Code

For the city of Honor, the population within 49640 has increased to over 1,885 residents in population size. The current population total is 1,501. We have broken down the population based on race below. In 49640, there are over 769 in male population and 732 females.

PopulationValues
Total Population1,501
White Population1398
Black Population5
Hispanic Population21
Asian Population7
Hawaiian Population0
Indian Population11
Other Population10
Male Population769
Female Population732
Population Estimate1885

Household Data for 49640

The average number of homes in 49640 is around 684, there are an average of 2.19 per household. The average house value according to local real estate values is around $263,500. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode684
Persons Per Household2.19
Average House Value$263,500
Income Per Household$68750
Median Age54.3
Median Age Male53.0
Median Age Female55.8
49640 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code231
CityHonor
City Alias NameHONOR
CountyBenzie
County FIPS019
State FIPS26
Time Zone5
Day Light SavingY
MSA
PMSA
CSA
CBSA45900
CBSA_DIV
CBSA_TypeMetro
CBSA_NameTraverse City, MI
MSA_Name
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses45
Number Of Employees327
Business First Quarter Payroll2663
Business Annual Payroll15027
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population143372
CBSA Division Population0
Congressional District01
Congressional LandArea25027.75
Delivery Residential861
Delivery Business31
Delivery Total1113
Preferred Last Line KeyY12084
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyY12084
Land Area64.035000
Water Area9.510000
City Alias Code
City Mixed CaseHonor
City Alias Mixed CaseHonor
Box Count179
SFDU853
MFDU0
State ANSI26
County ANSI019
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number254460
Unique ZIP Name
SSA State County Code23090
Medicare CBSA Code99923
Medicare CBSA NameRural Areas in MI
Medicare CBSA TypeMicro
Market Rating Area ID14
County Mixed CaseBenzie

Michigan Homeowners Insurance News & Information

  • 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 […]

  • 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 […]