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Compare 49862 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Munising just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 1,674 neighbors looking to save on their home insurance policy in the local 49862 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 49862. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Michigan rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Munising, MI home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Munising, MI

49862 Home Insurance Average Premiums

Local 49862 homeowners insurance quotes comparison

$477 /yr.

Shows Zip Code: 49862 lowest rates with discounts applied on average.

For the 49862, 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)
$477 /yr.
Average Coverage:$727 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1027 /yr.

What is the average home insurance cost for a home in 49862?

  • • The average homeowners insurance premium paid annually for a home in 49862 is around $727 per year.

What does it cost on average per month for home insurance in 49862?

  • • Homeowners in 49862 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 49862?

  • • Autoowners in 49862 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 Munising area, check out other zip codes nearby 49862.
Review average rates in another zip code:
49862 homeowners insurance rates

Home Replacement Cost Coverage in 49862

Average Building Cost Per Square Foot in 49862: $132

Location: Munising, Michigan (Alger County)

Average Square Footage in 49862: 969 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 49862 before you start any project. Munising 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 49862 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 49862 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 969 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 Munising 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$132969$127,900
Additional Upgrades & Added Features$165969$159,875
Major Home Updates or Advancements$198969$191,850

It's important to understand that when you estimate your replacement cost of your home in the 49862 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 49862

Best Home & Auto Insurance Agencies in 49862

Superior Insurance Center

Address: 114 W Superior St Munising, MI 49862
Phone:
Website: http://www.superiorstate.com/
Info:

Mazzali Agency

Address: 221 E Superior St Munising, MI 49862
Phone:
Website: http://www.mazzaliagency.com/
Info:

Housing Demographics for 49862

Population Review for 49862 Zip Code

For the city of Munising, the population within 49862 has increased to over 3,927 residents in population size. The current population total is 4,602. We have broken down the population based on race below. In 49862, there are over 2718 in male population and 1884 females.

PopulationValues
Total Population4,602
White Population3579
Black Population585
Hispanic Population65
Asian Population11
Hawaiian Population1
Indian Population161
Other Population25
Male Population2718
Female Population1884
Population Estimate3927

Household Data for 49862

The average number of homes in 49862 is around 1,674, there are an average of 2.17 per household. The average house value according to local real estate values is around $127,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode1,674
Persons Per Household2.17
Average House Value$127,900
Income Per Household$48209
Median Age44.5
Median Age Male40.2
Median Age Female52.7
49862 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code906
CityMunising
City Alias NameMUNISING
CountyAlger
County FIPS003
State FIPS26
Time Zone5
Day Light SavingY
MSA
PMSA
CSA
CBSA
CBSA_DIV
CBSA_Type
CBSA_Name
MSA_Name
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses153
Number Of Employees1366
Business First Quarter Payroll15194
Business Annual Payroll73276
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District01
Congressional LandArea25027.75
Delivery Residential1810
Delivery Business147
Delivery Total2268
Preferred Last Line KeyY12424
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY12424
Land Area170.034000
Water Area44.597000
City Alias Code
City Mixed CaseMunising
City Alias Mixed CaseMunising
Box Count249
SFDU1606
MFDU146
State ANSI26
County ANSI003
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number256490
Unique ZIP Name
SSA State County Code23010
Medicare CBSA Code99923
Medicare CBSA NameRural Areas in MI
Medicare CBSA TypeMicro
Market Rating Area ID16
County Mixed CaseAlger

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 […]