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Quickly Revew Homeowners Insurance in 55427

If you own a home in Minneapolis, MN you need a great homeowners policy to protect your home and possessions. Industry experts recommend shopping your homeowners insurance on a yearly basis to ensure that you are getting the best price and coverage levels.

GetHomeInsuranceQuotes.com can help you shop your coverage and find the best policy for your home in 55427 zip code. Our service is always free and we will gather quotes from up to 12 nationwide insurers so you can see all of your homeowners insurance options in one place. Our Minnesota licensed agents will also review your needs and make sure you have the appropriate coverage for your home.

If you want to see real savings on the cost of homeowners insurance start shopping GetHomeInsuranceQuotes.com right now. Get started by clicking the Get Multiple Quotes Now" button below, verify your 55427 and start comparing rates now.

55427 Homeowners Insurance Rates Are Considered: high!

The average rate for a standard homeowners policy in 55427 is $1093 according to industry data. We can help you achieve substantial savings by using our online quoting process to find the best policy for your specific home. We will also make sure you are fully covered. Insurance policies and coverage levels vary so it is key to fully understand your policy and what it covers as well as any coverage limitations.

We only deal with reputable, nationwide insurers so you can be confident that if you do need to make a claim it will be handled quickly and fairly. It’s time to start shopping for a new policy.

Get 55427 Home Insurance Rate Quotes Right Now!

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.

55427 Home Insurance Average Premiums

Local 55427 homeowners insurance quotes comparison

$843 /yr.

Shows Zip Code: 55427 lowest rates with discounts applied on average.

For the 55427, 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)
$843 /yr.
Average Coverage:$1093 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1393 /yr.

What is the average home insurance cost for a home in 55427?

  • • The average homeowners insurance premium paid annually for a home in 55427 is around $1093 per year.

What does it cost on average per month for home insurance in 55427?

  • • Homeowners in 55427 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 55427?

  • • Autoowners in 55427 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 55427.
Review average rates in another zip code:
55436 homeowners insurance rates
55411 homeowners insurance rates
55454 homeowners insurance rates
55415 homeowners insurance rates
55423 homeowners insurance rates
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55412 homeowners insurance rates
55444 homeowners insurance rates
55441 homeowners insurance rates
55447 homeowners insurance rates

Home Replacement Cost Coverage in 55427

Average Building Cost Per Square Foot in 55427: $188

Location: Minneapolis, Minnesota (Hennepin County)

Average Square Footage in 55427: 1,457 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55427 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 55427 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 55427 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,457 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$1881,457$274,000
Additional Upgrades & Added Features$2351,457$342,500
Major Home Updates or Advancements$2821,457$411,000

It's important to understand that when you estimate your replacement cost of your home in the 55427 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 55427

Action Insurance Brokers

Address: 1200 Mendelssohn Ave N Minneapolis, MN 55427
Phone: (763)546-6334
Website:

Hawkins Insurance & Fncl

Address: 2708 Flag Ave N New Hope, MN 55427
Phone: (763)545-0882
Website:

Allstate Insurance - Patrick Lilly

Address: 4124 Quebec Av N #308 New Hope, MN 55427
Phone: (763)535-8723
Website:

Handberg Agency Inc

Address: 620 Mendelssohn Ave N Minneapolis, MN 55427
Phone: (763)544-3335
Website:

Best Home & Auto Insurance Agencies in 55427

Handberg Agency Inc

Address: 620 Mendelssohn Ave N Minneapolis, MN 55427
Phone:
Website:
Info:

Horgan- James D - State Farm Insurance Agent

Address: 9390 Medicine Lake Rd New Hope, MN 55427
Phone:
Website:
Info:

Mliner- Thomas P

Address: 4124 Quebec Ave N New Hope, MN 55427
Phone:
Website:
Info:

Action Insurance Brokers

Address: 1200 Mendelssohn Ave N Minneapolis, MN 55427
Phone:
Website:
Info:

Hawkins Insurance & Fncl

Address: 2708 Flag Ave N New Hope, MN 55427
Phone:
Website:
Info:

Housing Demographics for 55427

Population Review for 55427 Zip Code

For the city of Minneapolis, the population within 55427 has increased to over 24,345 residents in population size. The current population total is 24,353. We have broken down the population based on race below. In 55427, there are over 12095 in male population and 12258 females.

PopulationValues
Total Population24,353
White Population17596
Black Population3091
Hispanic Population1428
Asian Population993
Hawaiian Population10
Indian Population136
Other Population703
Male Population12095
Female Population12258
Population Estimate24345

Household Data for 55427

The average number of homes in 55427 is around 10,389, there are an average of 2.30 per household. The average house value according to local real estate values is around $274,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode10,389
Persons Per Household2.30
Average House Value$274,000
Income Per Household$85042
Median Age38.9
Median Age Male37.8
Median Age Female39.9
55427 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code763/952/612/651
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 Businesses767
Number Of Employees15750
Business First Quarter Payroll188661
Business Annual Payroll867387
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 District05
Congressional LandArea135.66
Delivery Residential10585
Delivery Business599
Delivery Total12233
Preferred Last Line KeyY25845
Classification Code
Multi-County
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY25845
Land Area7.240000
Water Area0.074000
City Alias Code
City Mixed CaseMinneapolis
City Alias Mixed CaseMinneapolis
Box Count176
SFDU6757
MFDU3004
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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