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49768, MI Homeowners Insurance Rates

With a population size of 403 and with 191 occupied homes in the 49768 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Paradise, MI are around $730 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Paradise, Michigan. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-855-976-2656 so we can help you review rates today!

It's important to know that if your Michigan home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Paradise, MI.

For Michigan home insurance information, including average Paradise home insurance rates, coverage options or the different homeowners insurance types, please select Paradise, MI Home Insurance Quotes Now!

49768 Home Insurance Average Premiums

Local 49768 homeowners insurance quotes comparison

$480 /yr.

Shows Zip Code: 49768 lowest rates with discounts applied on average.

For the 49768, 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)
$480 /yr.
Average Coverage:$730 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1030 /yr.

What is the average home insurance cost for a home in 49768?

  • • The average homeowners insurance premium paid annually for a home in 49768 is around $730 per year.

What does it cost on average per month for home insurance in 49768?

  • • Homeowners in 49768 pay a monthly average cost per month around $61.00.

What kind of discount could I get if I combine my home and auto insurance together in 49768?

  • • Autoowners in 49768 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 Paradise area, check out other zip codes nearby 49768.
Review average rates in another zip code:
49768 homeowners insurance rates

Home Replacement Cost Coverage in 49768

Average Building Cost Per Square Foot in 49768: $132

Location: Paradise, Michigan (Chippewa County)

Average Square Footage in 49768: 1,217 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 49768 before you start any project. Paradise 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 49768 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 49768 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,217 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 Paradise 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$1321,217$160,600
Additional Upgrades & Added Features$1651,217$200,750
Major Home Updates or Advancements$1981,217$240,900

It's important to understand that when you estimate your replacement cost of your home in the 49768 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 49768

Best Home & Auto Insurance Agencies in 49768

Housing Demographics for 49768

Population Review for 49768 Zip Code

For the city of Paradise, the population within 49768 has increased to over 417 residents in population size. The current population total is 403. We have broken down the population based on race below. In 49768, there are over 209 in male population and 194 females.

PopulationValues
Total Population403
White Population368
Black Population0
Hispanic Population0
Asian Population1
Hawaiian Population0
Indian Population12
Other Population0
Male Population209
Female Population194
Population Estimate417

Household Data for 49768

The average number of homes in 49768 is around 191, there are an average of 2.10 per household. The average house value according to local real estate values is around $160,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode191
Persons Per Household2.10
Average House Value$160,600
Income Per Household$54531
Median Age63.2
Median Age Male62.3
Median Age Female64.7
49768 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code906
CityParadise
City Alias NamePARADISE
CountyChippewa
County FIPS033
State FIPS26
Time Zone5
Day Light SavingY
MSA
PMSA
CSA
CBSA42300
CBSA_DIV
CBSA_TypeMicro
CBSA_NameSault Ste. Marie, MI
MSA_Name
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses17
Number Of Employees68
Business First Quarter Payroll318
Business Annual Payroll2963
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population38520
CBSA Division Population0
Congressional District01
Congressional LandArea25027.75
Delivery Residential199
Delivery Business12
Delivery Total428
Preferred Last Line KeyY12546
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY12546
Land Area183.675000
Water Area31.213000
City Alias Code
City Mixed CaseParadise
City Alias Mixed CaseParadise
Box Count182
SFDU199
MFDU0
State ANSI26
County ANSI033
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number257330
Unique ZIP Name
SSA State County Code23160
Medicare CBSA Code99923
Medicare CBSA NameRural Areas in MI
Medicare CBSA TypeMicro
Market Rating Area ID15
County Mixed CaseChippewa

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 […]