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55316, MN Homeowners Insurance Rates
With a population size of 23,919 and with 8,879 occupied homes in the 55316 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Champlin, MN are around $1,082 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 Champlin, Minnesota. 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 Minnesota 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 Champlin, MN.
For Minnesota home insurance information, including average Champlin home insurance rates, coverage options or the different homeowners insurance types, please select Champlin, MN Home Insurance Quotes Now!
55316 Home Insurance Average Premiums
$832 /yr.
Shows Zip Code: 55316 lowest rates with discounts applied on average.
For the 55316, 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) | $832 /yr. |
| Average Coverage: | $1082 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1382 /yr. |
What is the average home insurance cost for a home in 55316?
- • The average homeowners insurance premium paid annually for a home in 55316 is around $1082 per year.
What does it cost on average per month for home insurance in 55316?
- • Homeowners in 55316 pay a monthly average cost per month around $90.00.
What kind of discount could I get if I combine my home and auto insurance together in 55316?
- • Autoowners in 55316 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 Champlin area, check out other zip codes nearby 55316.
Review average rates in another zip code:
55316 homeowners insurance rates
Home Replacement Cost Coverage in 55316
Average Building Cost Per Square Foot in 55316: $188
Location: Champlin, Minnesota (Hennepin County)Average Square Footage in 55316: 1,443 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 55316 before you start any project. Champlin 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 55316 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 55316 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,443 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 Champlin 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 | $188 | 1,443 | $271,300 |
| Additional Upgrades & Added Features | $235 | 1,443 | $339,125 |
| Major Home Updates or Advancements | $282 | 1,443 | $406,950 |
It's important to understand that when you estimate your replacement cost of your home in the 55316 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 55316
Best Home & Auto Insurance Agencies in 55316
Allstate Insurance Companies
Address: 11660 Theatre Dr N Champlin, MN 55316Phone:
Website:
Info:
Ronning- Richard K
Address: 12209 Champlin Dr Champlin, MN 55316Phone:
Website:
Info:
Lai- Moon L
Address: 11350 Aquila Dr N Champlin, MN 55316Phone:
Website:
Info:
Housing Demographics for 55316
Population Review for 55316 Zip Code
For the city of Champlin, the population within 55316 has increased to over 25,242 residents in population size. The current population total is 23,919. We have broken down the population based on race below. In 55316, there are over 11794 in male population and 12125 females.
| Population | Values |
|---|---|
| Total Population | 23,919 |
| White Population | 18858 |
| Black Population | 1966 |
| Hispanic Population | 847 |
| Asian Population | 1145 |
| Hawaiian Population | 1 |
| Indian Population | 113 |
| Other Population | 400 |
| Male Population | 11794 |
| Female Population | 12125 |
| Population Estimate | 25242 |
Household Data for 55316
The average number of homes in 55316 is around 8,879, there are an average of 2.68 per household. The average house value according to local real estate values is around $271,300. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 8,879 |
| Persons Per Household | 2.68 |
| Average House Value | $271,300 |
| Income Per Household | $104200 |
| Median Age | 40.2 |
| Median Age Male | 39.0 |
| Median Age Female | 41.4 |
| 55316 Details | Values |
|---|---|
| State | MN |
| State Full Name | Minnesota |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 763 |
| City | Champlin |
| City Alias Name | CHAMPLIN |
| County | Hennepin |
| County FIPS | 053 |
| State FIPS | 27 |
| Time Zone | 6 |
| Day Light Saving | Y |
| MSA | 5120 |
| PMSA | |
| CSA | 378 |
| CBSA | 33460 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Minneapolis-St. Paul-Bloomington, MN-WI |
| MSA_Name | Minneapolis-St. Paul, MN-WI MSA |
| PMSA_Name | |
| Region | Midwest |
| Division | West North Central |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 435 |
| Number Of Employees | 4386 |
| Business First Quarter Payroll | 43952 |
| Business Annual Payroll | 209822 |
| 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 | 3279833 |
| CBSA Division Population | 0 |
| Congressional District | 03 |
| Congressional LandArea | 527.05 |
| Delivery Residential | 9419 |
| Delivery Business | 239 |
| Delivery Total | 10727 |
| Preferred Last Line Key | Y24988 |
| Classification Code | |
| Multi-County | |
| CSA Name | Minneapolis-St. Paul, MN-WI |
| CBSA_DIV_Name | |
| City State Key | Y24988 |
| Land Area | 8.151000 |
| Water Area | 0.557000 |
| City Alias Code | |
| City Mixed Case | Champlin |
| City Alias Mixed Case | Champlin |
| Box Count | 115 |
| SFDU | 6510 |
| MFDU | 986 |
| State ANSI | 27 |
| County ANSI | 053 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 261620 |
| Unique ZIP Name | |
| SSA State County Code | 24260 |
| Medicare CBSA Code | 33460 |
| Medicare CBSA Name | Minneapolis-St. Paul-Bloomington, MN-WI |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 8 |
| County Mixed Case | Hennepin |
Minnesota Homeowners Insurance News & Information
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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 […]
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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 […]
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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 […]