55423 Homeowners Insurance Quotes & Coverage Options

If you are looking to lower the cost of your homeowners insurance policy you have come to the right place. We have helped thousands of shoppers in 55423 zip code find a great new policy that offers the coverage they need at a price they can afford.

GetHomeInsuranceQuotes.com makes shopping for a new policy in Minneapolis, MN quick and easy. Our rates are super competitive and our agents can advise you on what coverages you need in 55423.

Shopping for insurance quotes on GetHomeInsuranceQuotes.com is always free and we will provide you with a free consultation to answer any questions you may have about coverages and rates.

If you are ready to start shopping for a great policy simply click the "Get Multiple Quotes Now" button, enter 55423 and start shopping.

Quickly and Easily Compare Average Rates for 55423

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Minneapolis, MN home insurance quotes in your local city and review the most competitive coverages and premiums.

Average Policy Rates in 55423

Homeowners in Minneapolis are paying roughly $1137 per year for a homeowners policy. We can help you shave up to 40 percent off of your current homeowners premium. Get started now and shop up to 12 insurance quotes from nationwide insurers right now.

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55423 Home Insurance Average Premiums

Local 55423 homeowners insurance quotes comparison

$887 /yr.

Shows Zip Code: 55423 lowest rates with discounts applied on average.

For the 55423, 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)	$887 /yr.
Average Coverage:	$1137 /yr.
2600 sq. ft. or higher (all discounts applied)	$1437 /yr.

What is the average home insurance cost for a home in 55423?

• The average homeowners insurance premium paid annually for a home in 55423 is around $1137 per year.

What does it cost on average per month for home insurance in 55423?

• Homeowners in 55423 pay a monthly average cost per month around $95.00.

What kind of discount could I get if I combine my home and auto insurance together in 55423?

• Autoowners in 55423 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 55423.
Review average rates in another zip code:
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55435 homeowners insurance rates

Home Replacement Cost Coverage in 55423

Average Building Cost Per Square Foot in 55423: $188

Location: Minneapolis, Minnesota (Hennepin County)

Average Square Footage in 55423: 1,379 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55423 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 55423 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 55423 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,379 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 Status	Price per Sq. Ft.	Square Feet	Dwelling Coverage
Basic Home Features	$188	1,379	$259,200
Additional Upgrades & Added Features	$235	1,379	$324,000
Major Home Updates or Advancements	$282	1,379	$388,800

Calculate Your Dwelling Coverage in 55423

It's important to understand that when you estimate your replacement cost of your home in the 55423 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 Home & Auto Insurance Agencies in 55423

Nelson Ins Agcy Inc - State Farm Insurance Agent

Address: 6500 Xerxes Ave S Minneapolis, MN 55423
Phone:
Website:
Info:

Thannert Insurance Agency

Address: 2001 E 66th St Richfield, MN 55423
Phone:
Website: http://www.thannertinsurance.com
Info:

Farmers Insurance Group

Address: 1401 W 76th St Minneapolis, MN 55423
Phone:
Website:
Info:

American Family Insurance- Anas N Agency Incorporated

Address: 2321 W 66th St Richfield, MN 55423
Phone:
Website: http://www.dexknows.com/rd?dku=http://www.dexknows.com/business_profiles/american_family_insurance__anas_n_agency_inc-b1190732&mkt=63801
Info:

New West Insurance Agency

Address: 1520 E 66th St, #2 Minneapolis, MN 55423
Phone:
Website:
Info:

Housing Demographics for 55423

Population Review for 55423 Zip Code

For the city of Minneapolis, the population within 55423 has increased to over 38,568 residents in population size. The current population total is 37,137. We have broken down the population based on race below. In 55423, there are over 18461 in male population and 18676 females.

Population	Values
Total Population	37,137
White Population	22654
Black Population	3660
Hispanic Population	6839
Asian Population	2472
Hawaiian Population	20
Indian Population	503
Other Population	4444
Male Population	18461
Female Population	18676
Population Estimate	38568

Household Data for 55423

The average number of homes in 55423 is around 15,985, there are an average of 2.29 per household. The average house value according to local real estate values is around $259,200. Please review the following demographics below for average income and media age.

Housing / Income Data	Values
Households Per Zipcode	15,985
Persons Per Household	2.29
Average House Value	$259,200
Income Per Household	$74415
Median Age	36.7
Median Age Male	35.6
Median Age Female	37.9

55423 Details	Values
State	MN
State Full Name	Minnesota
City Type	P
City Alias Abbreviation
Area Code	952/612
City	Minneapolis
City Alias Name	MINNEAPOLIS
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	821
Number Of Employees	45071
Business First Quarter Payroll	561640
Business Annual Payroll	1955191
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\|05
Congressional LandArea	527.05\|135.66
Delivery Residential	16842
Delivery Business	576
Delivery Total	17891
Preferred Last Line Key	Y25845
Classification Code
Multi-County
CSA Name	Minneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State Key	Y25845
Land Area	7.066000
Water Area	0.157000
City Alias Code
City Mixed Case	Minneapolis
City Alias Mixed Case	Minneapolis
Box Count	150
SFDU	10207
MFDU	6392
State ANSI	27
County ANSI	053
ZIP Intro
Alias Intro
Facility Code	P
City Delivery Indicator	Y
Carrier Route Rate Sortation	D
Finance Number	266360
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

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 […]

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