Get multiple home insurance quotes in 55418. Our licensed 55418, MN agents are ready to serve you.

55418 Online Home Insurance Rates

Comparing a bunch of different rates for your home in 55418 is very time consuming. At GetHomeInsuranceQuotes.com, we help you shop and compare up to 12 major top-rated A.M. Best companies, to present the most affordable rates for homeowners living in Minneapolis, MN. Not only do we provide free comparitive rates, but we also answer any questions you have and offer a free consultation process to help you decide which coverage option is best for you. Most of the time, we can add up to 40% more in savings by applying all the discounts and credits, like a home/auto package, security alarm, new roof upgrade or even deadbolts. It's easy to shop with us, we have already partnered with the most competitive home insurance companies in the 55418 area. If you enter your zip code, you can easily begin the online quoting process, it only takes a few minutes. If you would like to give us a call now at 1-855-976-2656 we will be happy to hear from you.

If you would like to review more information on home insurance premiums in Minnesota, like average Minneapolis homeowners insurance rates, coverage options or home insurance types, please select Minneapolis, MN Home Insurance Rates Online!

55418 Home Insurance Average Premiums

Local 55418 homeowners insurance quotes comparison

$838 /yr.

Shows Zip Code: 55418 lowest rates with discounts applied on average.

For the 55418, 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)
$838 /yr.
Average Coverage:$1088 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1388 /yr.

What is the average home insurance cost for a home in 55418?

  • • The average homeowners insurance premium paid annually for a home in 55418 is around $1088 per year.

What does it cost on average per month for home insurance in 55418?

  • • Homeowners in 55418 pay a monthly average cost per month around $91.00.

What kind of discount could I get if I combine my home and auto insurance together in 55418?

  • • Autoowners in 55418 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 55418.
Review average rates in another zip code:
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Home Replacement Cost Coverage in 55418

Average Building Cost Per Square Foot in 55418: $188

Location: Minneapolis, Minnesota (Hennepin County)

Average Square Footage in 55418: 1,451 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55418 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 55418 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 55418 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,451 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$1881,451$272,700
Additional Upgrades & Added Features$2351,451$340,875
Major Home Updates or Advancements$2821,451$409,050

It's important to understand that when you estimate your replacement cost of your home in the 55418 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 55418

Allstate Insurance - Charles P Fritz

Address: 2213 Johnson Street Northeast Minneapolis, MN 55418
Phone: (612)788-6279
Website: www.allstatetoolkit.com/clicks_rate.asp?MB_ID=15818

Best Home & Auto Insurance Agencies in 55418

Noya- Cesar Insurance

Address: 2111 Central Ave NE Minneapolis, MN 55418
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

Allstate Insurance - Charles P Fritz

Address: 2213 Johnson St NE Minneapolis, MN 55418
Phone:
Website: http://www.allstatetoolkit.com/clicks_rate.asp?MB_ID=15818
Info:

John Arens Insurance Agcy Inc

Address: 3259 Johnson St NE Minneapolis, MN 55418
Phone:
Website: http://www.jarens.com
Info:

Fritz, Charles P - Allstate Insurance Company

Address: 2213 Johnson St NE, #1 Minneapolis, MN 55418
Phone:
Website: http://www.allstate.com/
Info:

Housing Demographics for 55418

Population Review for 55418 Zip Code

For the city of Minneapolis, the population within 55418 has increased to over 32,510 residents in population size. The current population total is 31,887. We have broken down the population based on race below. In 55418, there are over 15964 in male population and 15923 females.

PopulationValues
Total Population31,887
White Population23072
Black Population3193
Hispanic Population3017
Asian Population1009
Hawaiian Population15
Indian Population362
Other Population1622
Male Population15964
Female Population15923
Population Estimate32510

Household Data for 55418

The average number of homes in 55418 is around 13,909, there are an average of 2.27 per household. The average house value according to local real estate values is around $272,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode13,909
Persons Per Household2.27
Average House Value$272,700
Income Per Household$80600
Median Age36.2
Median Age Male36.0
Median Age Female36.4
55418 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code612/763/651/952
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 Businesses728
Number Of Employees9161
Business First Quarter Payroll95926
Business Annual Payroll428653
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 District04|05
Congressional LandArea332.49|135.66
Delivery Residential14322
Delivery Business662
Delivery Total15675
Preferred Last Line KeyY25845
Classification Code
Multi-CountyY
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY25845
Land Area6.988000
Water Area0.138000
City Alias Code
City Mixed CaseMinneapolis
City Alias Mixed CaseMinneapolis
Box Count251
SFDU11272
MFDU2961
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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    Spring is here, the days are getting longer, the weather is warming up and the trees are starting to bud. All of this makes it a great time for homeowners to knock out some spring cleaning and home maintenance.  We thought it might be a good idea to look at some spring cleaning and maintenance […]

  • Homeowners Now Use This Strategy To Save Money on Home Insurance. Is It a Good Idea? Posted on Wednesday 26th March, 2025

    According to a new Market Watch article, homeowners who are struggling with the cost of higher homeowner insurance premiums are making the move to policies with higher deductibles to help lower their costs. While this strategy may work for some, it is not the best idea for everyone.  Data from the Intercontinental Exchange (ICE) showed […]

  • Florida Homeowners With Insurance Are Struggling to Get Claims Paid – Why? Posted on Wednesday 19th March, 2025

    According to a recent Moneywise article, homeowners with insurance coverage in Florida are struggling to get claims paid.  Chad Zalva, a single dad in Riverview, Florida, was cited as an example in the article as a homeowner who is carrying homeowners insurance but was recently surprised to learn that the damage to his home from […]