Get multiple home insurance quotes in 55044. Our licensed 55044, MN agents are ready to serve you.

Start Searching Home Insurance Quotes in 55044

Are you paying too much for homeowners insurance in 55044? If the answer is yes, you are not alone. Luckily, we can help you find a great policy in Lakeville, MN that provides all of the protection you need at a price that is affordable.

Our service doesn’t end with sending you quotes from 12 of the nations top insurance companies, our Minnesota licensed agents will also advise you on every step of the process. They can review your coverage levels to make sure you are fully protected, answer any questions you have and perform a discount review.

Discounts are a major factor when shopping for insurance and can dramatically reduce your costs. Most insurers offer a variety of homeowners insurance discounts but here are few of the most common discounts in 55044?

  • Bundling: Buying home, auto and life from one insurer will result in a big discount. Details vary but expect savings of up to 25 percent.
  • Security System: Have a security system in your home or are installing one? You should qualify for a discount. Notify your insurer and ask for a home security system discount.
  • Paperless Policy: Getting your policy and bills via email instead of in the mail reduces cost for your insurer and they pass some of the savings on to you.

Our service is always free so get started today. Free 55044 home insurance quotes are just a click away. Simply click the "Get Multiple Quotes Now" button, verify your 55044 and get ready to save.

3 Easy Ways To Save Money In 55044

These three links will help you explore home insurance quotes in 55044 zip code as well as provide data about the average cost of a policy in your particular area. This information can be used to verify you are getting a great price on your new policy.

Get Your 55044 Home Insurance Costs Rated: high!

The average price for a homeowners insurance policy in Lakeville is roughly $1041. This average is for a standard HO-3 policy, which is the industry standard for a single family home. While an HO-3 policy will protect your home and possessions while also offering liability coverage, it does not protect against flood or earthquake damage.

If you live in a flood zone, a separate flood insurance policy will be required. Our quoting process, combined with our agents local knowledge ensures that you will have the protection you need for your home.

Get 55044 Homeowners Insurance Rates Right Now!

55044 Home Insurance Average Premiums

Local 55044 homeowners insurance quotes comparison

$791 /yr.

Shows Zip Code: 55044 lowest rates with discounts applied on average.

For the 55044, 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)
$791 /yr.
Average Coverage:$1041 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1341 /yr.

What is the average home insurance cost for a home in 55044?

  • • The average homeowners insurance premium paid annually for a home in 55044 is around $1041 per year.

What does it cost on average per month for home insurance in 55044?

  • • Homeowners in 55044 pay a monthly average cost per month around $87.00.

What kind of discount could I get if I combine my home and auto insurance together in 55044?

  • • Autoowners in 55044 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 Lakeville area, check out other zip codes nearby 55044.
Review average rates in another zip code:
55044 homeowners insurance rates

Home Replacement Cost Coverage in 55044

Average Building Cost Per Square Foot in 55044: $188

Location: Lakeville, Minnesota (Dakota County)

Average Square Footage in 55044: 1,983 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55044 before you start any project. Lakeville homeowners pay on average around $188 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 55044 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 55044 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,983 sq. ft. and the average cost to rebuild the home in this area is around $188 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 Lakeville 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$1881,983$372,800
Additional Upgrades & Added Features$2351,983$466,000
Major Home Updates or Advancements$2821,983$559,200

It's important to understand that when you estimate your replacement cost of your home in the 55044 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 55044

Allstate Insurance - Mary L Bongard

Address: 17595 Kenwood Tr #190 Lakeville, MN 55044
Phone: (952)898-1400
Website:

Allstate Insurance - Susan B Challenger

Address: 17595 Kenwood Trl Lakeville, MN 55044
Phone: (952)898-1400
Website:

Best Home & Auto Insurance Agencies in 55044

Allstate Insurance - Mary L Bongard

Address: 17595 Kenwood Trl, #Trail-190 Lakeville, MN 55044
Phone:
Website:
Info:

American Family Insurance

Address: 16350 Kenrick Loop Lakeville, MN 55044
Phone:
Website: http://www.amfam.com
Info: American Family Insurance | Auto Insurance, Car Insurance, Life, Homeowners & More
American Family Insurance offers affordable car insurance, homeowners insurance, life insurance, business insurance, annuities and more. auto insurance, car insurance, life insurance, homeowners insurance, business insurance, annuities

Kohlnhofer Agency Inc

Address: 20692 Holyoke Ave Lakeville, MN 55044
Phone:
Website: http://www.kohlnhofer.com
Info: Kohlnhofer Insurance Agency, Inc.
Insurance Automobile Home Car Truck Snowmobile ATV Business Workers Compensation Health Benefits

Laube- Jason D - State Farm Insurance Agent

Address: 7702 160th St W Lakeville, MN 55044
Phone:
Website:
Info:

Joswiak- Robert C - State Farm Insurance Agent

Address: 20838 Holyoke Ave Lakeville, MN 55044
Phone:
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

Housing Demographics for 55044

Population Review for 55044 Zip Code

For the city of Lakeville, the population within 55044 has increased to over 70,888 residents in population size. The current population total is 60,446. We have broken down the population based on race below. In 55044, there are over 30093 in male population and 30353 females.

PopulationValues
Total Population60,446
White Population49390
Black Population2247
Hispanic Population2918
Asian Population3447
Hawaiian Population11
Indian Population207
Other Population1428
Male Population30093
Female Population30353
Population Estimate70888

Household Data for 55044

The average number of homes in 55044 is around 20,233, there are an average of 2.98 per household. The average house value according to local real estate values is around $372,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode20,233
Persons Per Household2.98
Average House Value$372,800
Income Per Household$124899
Median Age37.4
Median Age Male36.7
Median Age Female38.1
55044 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code952
CityLakeville
City Alias NameLAKEVILLE
CountyDakota
County FIPS037
State FIPS27
Time Zone6
Day Light SavingY
MSA5120
PMSA
CSA378
CBSA33460
CBSA_DIV
CBSA_TypeMetro
CBSA_NameMinneapolis-St. Paul-Bloomington, MN-WI
MSA_NameMinneapolis-St. Paul, MN-WI MSA
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses1463
Number Of Employees18156
Business First Quarter Payroll210680
Business Annual Payroll942367
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population3279833
CBSA Division Population0
Congressional District02
Congressional LandArea2437.91
Delivery Residential23788
Delivery Business879
Delivery Total25021
Preferred Last Line KeyY25627
Classification Code
Multi-CountyY
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY25627
Land Area65.267000
Water Area1.971000
City Alias Code
City Mixed CaseLakeville
City Alias Mixed CaseLakeville
Box Count265
SFDU14348
MFDU2336
State ANSI27
County ANSI037
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number265330
Unique ZIP Name
SSA State County Code24180
Medicare CBSA Code33460
Medicare CBSA NameMinneapolis-St. Paul-Bloomington, MN-WI
Medicare CBSA TypeMetro
Market Rating Area ID8
County Mixed CaseDakota

Minnesota Homeowners Insurance News & Information

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]

  • I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024

    According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]

  • How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024

    Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm.  Understanding the different coverages that are available to homeowners is key to making sure you […]