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Home Insurance in 49770
One of the best ways to save money on your homeowners insurance policy in the 49770 zip code is to shop your coverage on a regular basis. If your premium has been headed up in the last few years, we can help you find a great policy from the comfort of your own living room.
GetHomeInsuranceQuotes.com is the easiest way to shop for competitive homeowners insurance rates in in Petoskey, MI. A few clicks of the mouse and we will show you quotes from up to 12 nationwide carriers who are happy to compete for your business.
As always, our service is free and our Michigan licensed agents can advise you on the coverages you need as well as the coverage levels you should be carrying to fully protect your property and possessions. They will also be happy to answer any questions you may have and explain the details of your homeowners insurance coverage.
Getting started is easy, simply click on the "Get Multiple Quotes Now" button at the top of the page, verify your 49770 zip code and you are ready to start saving on home insurance.
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Find Petoskey, MI Homeowners Insurance Quotes to review the best coverage options in your area.
Information on the Average Homeowners Premiums in 49770
According to industry data, homeowners located in Petoskey pay roughly $792 per year for a HO-3 homeowners policy. A HO-3 policy is considered the standard when it comes to homeowners insurance. It offers protection for your home, possessions, loss of use as well as liability protection. If you have a mortgage on your property, your lender will require an HO-3 policy is in place to protect their loan.
Remember, an HO-3 policy does not offer coverage for flood damage in 49770 zip code. If you live in a high-risk area for flood damage, your lender will most likely require that you carry a separate flood insurance policy. Our agents can help you determine if you need flood insurance coverage and help you find a policy that fully protects your property.
A recent ranking of Michigan home insurance premiums found that premiums in 49770 are 36 when compared to other state averages. Shopping your coverage on a regular basis is the best way to ensure you are getting the best price on a homeowners policy.
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The best part of our job is helping homeowners save money on their homeowners insurance while also educating our clients on the different types of coverage available to them in 49770.
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49770 Home Insurance Average Premiums
$542 /yr.
Shows Zip Code: 49770 lowest rates with discounts applied on average.
For the 49770, 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) | $542 /yr. |
| Average Coverage: | $792 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1092 /yr. |
What is the average home insurance cost for a home in 49770?
- • The average homeowners insurance premium paid annually for a home in 49770 is around $792 per year.
What does it cost on average per month for home insurance in 49770?
- • Homeowners in 49770 pay a monthly average cost per month around $66.00.
What kind of discount could I get if I combine my home and auto insurance together in 49770?
- • Autoowners in 49770 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 Petoskey area, check out other zip codes nearby 49770.
Review average rates in another zip code:
49770 homeowners insurance rates
Home Replacement Cost Coverage in 49770
Average Building Cost Per Square Foot in 49770: $132
Location: Petoskey, Michigan (Emmet County)Average Square Footage in 49770: 1,761 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 49770 before you start any project. Petoskey 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 49770 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 49770 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,761 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 Petoskey 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 | 1,761 | $232,400 |
| Additional Upgrades & Added Features | $165 | 1,761 | $290,500 |
| Major Home Updates or Advancements | $198 | 1,761 | $348,600 |
It's important to understand that when you estimate your replacement cost of your home in the 49770 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 49770
Independent Insurance
Address: 443 Bay St Petoskey, MI 49770Phone: (231)347-4166
Website:
Best Home & Auto Insurance Agencies in 49770
Independent Insurance
Address: 443 Bay St Petoskey, MI 49770Phone:
Website:
Info:
Burkee Ins Agcy Inc - State Farm Insurance Agent
Address: 721 Pleasant St Petoskey, MI 49770Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards
Top O Michigan Insurance
Address: 455 Bay St Petoskey, MI 49770Phone:
Website: http://www.tomia247.com/
Info:
Housing Demographics for 49770
Population Review for 49770 Zip Code
For the city of Petoskey, the population within 49770 has increased to over 20,926 residents in population size. The current population total is 17,643. We have broken down the population based on race below. In 49770, there are over 8715 in male population and 8928 females.
| Population | Values |
|---|---|
| Total Population | 17,643 |
| White Population | 15881 |
| Black Population | 94 |
| Hispanic Population | 346 |
| Asian Population | 118 |
| Hawaiian Population | 12 |
| Indian Population | 493 |
| Other Population | 116 |
| Male Population | 8715 |
| Female Population | 8928 |
| Population Estimate | 20926 |
Household Data for 49770
The average number of homes in 49770 is around 7,577, there are an average of 2.29 per household. The average house value according to local real estate values is around $232,400. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 7,577 |
| Persons Per Household | 2.29 |
| Average House Value | $232,400 |
| Income Per Household | $68396 |
| Median Age | 44.3 |
| Median Age Male | 41.6 |
| Median Age Female | 47.0 |
| 49770 Details | Values |
|---|---|
| State | MI |
| State Full Name | Michigan |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 231 |
| City | Petoskey |
| City Alias Name | PETOSKEY |
| County | Emmet |
| County FIPS | 047 |
| State FIPS | 26 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | |
| PMSA | |
| CSA | |
| CBSA | 37950 |
| CBSA_DIV | |
| CBSA_Type | Micro |
| CBSA_Name | Petoskey, MI |
| MSA_Name | |
| PMSA_Name | |
| Region | Midwest |
| Division | East North Central |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 977 |
| Number Of Employees | 10585 |
| Business First Quarter Payroll | 109320 |
| Business Annual Payroll | 510052 |
| 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 | 9138 |
| Delivery Business | 954 |
| Delivery Total | 10971 |
| Preferred Last Line Key | Y12566 |
| Classification Code | |
| Multi-County | Y |
| CSA Name | |
| CBSA_DIV_Name | |
| City State Key | Y12566 |
| Land Area | 109.386000 |
| Water Area | 17.856000 |
| City Alias Code | |
| City Mixed Case | Petoskey |
| City Alias Mixed Case | Petoskey |
| Box Count | 387 |
| SFDU | 6936 |
| MFDU | 1178 |
| State ANSI | 26 |
| County ANSI | 047 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 257490 |
| Unique ZIP Name | |
| SSA State County Code | 23230 |
| Medicare CBSA Code | 99923 |
| Medicare CBSA Name | Rural Areas in MI |
| Medicare CBSA Type | Micro |
| Market Rating Area ID | 14 |
| County Mixed Case | Emmet |
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 […]