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55410 Home Insurance Rates

Getting multiple homeowners insurance rates in 55410 is the best way to review and compare all the coverage options available for you, your home and your family. Our homeowners rates are very competitive for homeowners living in the great city of Minneapolis, MN. Many homeowners based out of the 55410 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. The reason is because we clearly showcase the carriers that we will shop for you. We can compare up to 12 competitive home insurance rates for you all in one place. Plus, our home insurance quotes are free and our Minnesota licensed home insurance professionals can provide a free consultation service to you that allows you to ask questions about which policy and coverage package is best for you. To get free home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 55410 should appear in the zip code field ready to go. For Minneapolis, MN Home Insurance Quotes, Click to easily get started!

55410 Homeowners Insurance Rates, Average Rating: High!

Your homeowners insurance policy in 55410 consists of both property and casualty insurance coverage. This type of policy will insure your home against a variety of risks, including fire, theft and windstorm damage. Additional protection is also included in most policies that offer liability coverage against accidents that may injure other people on your property in Minneapolis. For a basic HO-3, standard homeowners policy, the average premium per year in Minnesota is around $1146. By shopping your home insurance with us at GetHomeInsuranceQuotes.com, we can help you compare the most affordable rates and enhanced coverage options. Please enter your 55410 zip code today and let us help you save time and money on your homeowners insurance premium.

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55410 Home Insurance Average Premiums

Local 55410 homeowners insurance quotes comparison

$896 /yr.

Shows Zip Code: 55410 lowest rates with discounts applied on average.

For the 55410, 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)
$896 /yr.
Average Coverage:$1146 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1446 /yr.

What is the average home insurance cost for a home in 55410?

  • • The average homeowners insurance premium paid annually for a home in 55410 is around $1146 per year.

What does it cost on average per month for home insurance in 55410?

  • • Homeowners in 55410 pay a monthly average cost per month around $96.00.

What kind of discount could I get if I combine my home and auto insurance together in 55410?

  • • Autoowners in 55410 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 Minneapolis area, check out other zip codes nearby 55410.
Review average rates in another zip code:
55425 homeowners insurance rates
55404 homeowners insurance rates
55431 homeowners insurance rates
55418 homeowners insurance rates
55434 homeowners insurance rates
55439 homeowners insurance rates
55454 homeowners insurance rates
55413 homeowners insurance rates
55410 homeowners insurance rates
55443 homeowners insurance rates

Home Replacement Cost Coverage in 55410

Average Building Cost Per Square Foot in 55410: $188

Location: Minneapolis, Minnesota (Hennepin County)

Average Square Footage in 55410: 2,547 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55410 before you start any project. Minneapolis 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 55410 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 55410 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,547 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 Minneapolis 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$1882,547$478,900
Additional Upgrades & Added Features$2352,547$598,625
Major Home Updates or Advancements$2822,547$718,350

It's important to understand that when you estimate your replacement cost of your home in the 55410 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 55410

Best Home & Auto Insurance Agencies in 55410

Jeff Meyer Ins Agcy Inc - State Farm Insurance Agent

Address: 4316 Upton Ave S Minneapolis, MN 55410
Phone:
Website: http://www.jeffminsurance.com
Info:

Housing Demographics for 55410

Population Review for 55410 Zip Code

For the city of Minneapolis, the population within 55410 has increased to over 21,817 residents in population size. The current population total is 21,352. We have broken down the population based on race below. In 55410, there are over 10233 in male population and 11119 females.

PopulationValues
Total Population21,352
White Population18048
Black Population607
Hispanic Population867
Asian Population712
Hawaiian Population7
Indian Population73
Other Population281
Male Population10233
Female Population11119
Population Estimate21817

Household Data for 55410

The average number of homes in 55410 is around 8,625, there are an average of 2.46 per household. The average house value according to local real estate values is around $478,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode8,625
Persons Per Household2.46
Average House Value$478,900
Income Per Household$135260
Median Age39.6
Median Age Male38.7
Median Age Female40.3
55410 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code952/612
CityMinneapolis
City Alias NameMINNEAPOLIS
CountyHennepin
County FIPS053
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 Businesses547
Number Of Employees2718
Business First Quarter Payroll25480
Business Annual Payroll126492
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 District03|05
Congressional LandArea527.05|135.66
Delivery Residential8869
Delivery Business275
Delivery Total9323
Preferred Last Line KeyY25845
Classification Code
Multi-County
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY25845
Land Area3.070000
Water Area0.532000
City Alias Code
City Mixed CaseMinneapolis
City Alias Mixed CaseMinneapolis
Box Count0
SFDU7605
MFDU1261
State ANSI27
County ANSI053
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number266360
Unique ZIP Name
SSA State County Code24260
Medicare CBSA Code33460
Medicare CBSA NameMinneapolis-St. Paul-Bloomington, MN-WI
Medicare CBSA TypeMetro
Market Rating Area ID8
County Mixed CaseHennepin

Minnesota Homeowners Insurance News & Information

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    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 […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $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 […]