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Searching for Homeowners Insurance in 55428

If you are a homeowners that lives in 55428 you may be searching for more affordable homeowners insurance in Minneapolis. Insurance rates can change on a yearly basis so if your current insurer has raised your rates recently it may be time to shop your coverage and we can help.

GetHomeInsuranceQuotes.com makes shopping your insurance policy quick and easy for residents of Minneapolis, MN. All you have to do is enter a bit of information about your home and we will gather 12 quotes from nationwide insurers, making sure that you get the best coverage levels and rates available.

Our Minnesota licensed agents will provide a free consultation to make sure you are fully protected as well as answer any questions you may have about policy options. Insurance can be complicated so it pays to have a professional walk you through your various policy choices. As always, our service is free.

Getting started is easy. Click the "Get Multiple Quotes Now" button, verify your zip code and start saving.

Get 55428 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.

Check Out 55428 Home Insurance Costs: high!

In Minneapolis, homeowners are paying roughly $1096 per year for a HO-3 policy which is considered the standard for a single family home. In order to find the best policy at the best price, we compare rates from some of the most competitive insurers and present you with your best options for homeowners insurance coverage in 55428 zip code.

Our service is free and we never spam our clients so you only receive the information that you request. While all situations are different, in most cases, homeowners in Minneapolis are saving up to 40 percent on their policy costs by using GetHomeInsuranceQuotes.com.

Start shopping for a 55428 policy right now!

55428 Home Insurance Average Premiums

Local 55428 homeowners insurance quotes comparison

$846 /yr.

Shows Zip Code: 55428 lowest rates with discounts applied on average.

For the 55428, 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)
$846 /yr.
Average Coverage:$1096 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1396 /yr.

What is the average home insurance cost for a home in 55428?

  • • The average homeowners insurance premium paid annually for a home in 55428 is around $1096 per year.

What does it cost on average per month for home insurance in 55428?

  • • Homeowners in 55428 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 55428?

  • • Autoowners in 55428 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 55428.
Review average rates in another zip code:
55454 homeowners insurance rates
55445 homeowners insurance rates
55422 homeowners insurance rates
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55430 homeowners insurance rates
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55444 homeowners insurance rates
55441 homeowners insurance rates
55414 homeowners insurance rates
55438 homeowners insurance rates

Home Replacement Cost Coverage in 55428

Average Building Cost Per Square Foot in 55428: $188

Location: Minneapolis, Minnesota (Hennepin County)

Average Square Footage in 55428: 1,218 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55428 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 55428 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 55428 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,218 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$1881,218$229,000
Additional Upgrades & Added Features$2351,218$286,250
Major Home Updates or Advancements$2821,218$343,500

It's important to understand that when you estimate your replacement cost of your home in the 55428 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 55428

Allstate Insurance - Mike Polack

Address: 4900 County Hwy 169 #110 New Hope, MN 55428
Phone: (763)535-1134
Website:

C F Lake & Co Inc

Address: 9449 Science Center Dr Minneapolis, MN 55428
Phone: (763)504-3022
Website:

Best Home & Auto Insurance Agencies in 55428

Mulla Ins Agcy Inc - State Farm Insurance Agent

Address: 6725 63rd Ave N Brooklyn Park, MN 55428
Phone:
Website: http://www.rizwanmulla.com
Info:

A All Star Risk Auto Insurance

Address: 6322 Bass Lake Rd Minneapolis, MN 55428
Phone:
Website:
Info:

Farmers Insurance & Investments

Address: 7100 Northland Cir N Minneapolis, MN 55428
Phone:
Website: http://www.farmers.com
Info: Auto Insurance Quotes | Home, Life & Car Insurance | Farmers Insurance
Home, life and auto insurance quotes from Farmers Insurance Group. With discounts on car insurance and fast claim service its no wonder over 4000 customers a day switch to Farmers. Farmers Insurance group, auto insurance quotes, car insurance, auto insurance, automobile insurance, rate quote, business insurance, financial insurance, home insurance, mutual funds, life insurance, motorcycle insurance, farmers agent, renters insurance,

American Family Insurance Sharon Archambault - Agents- Brooklyn Center- Archambault Sh

Address: 7100 Northland Cir N, #302 Minneapolis, MN 55428
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

Baldwin- Davina M - State Farm Insurance Agent

Address: 7811 62nd Ave N New Hope, MN 55428
Phone:
Website:
Info:

Housing Demographics for 55428

Population Review for 55428 Zip Code

For the city of Minneapolis, the population within 55428 has increased to over 31,313 residents in population size. The current population total is 31,896. We have broken down the population based on race below. In 55428, there are over 15453 in male population and 16443 females.

PopulationValues
Total Population31,896
White Population16882
Black Population8113
Hispanic Population3215
Asian Population2373
Hawaiian Population8
Indian Population225
Other Population1823
Male Population15453
Female Population16443
Population Estimate31313

Household Data for 55428

The average number of homes in 55428 is around 12,341, there are an average of 2.52 per household. The average house value according to local real estate values is around $229,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode12,341
Persons Per Household2.52
Average House Value$229,000
Income Per Household$61980
Median Age36.5
Median Age Male35.5
Median Age Female37.6
55428 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code763
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 Businesses847
Number Of Employees16331
Business First Quarter Payroll216552
Business Annual Payroll906673
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 Residential12426
Delivery Business1026
Delivery Total14443
Preferred Last Line KeyY25845
Classification Code
Multi-County
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY25845
Land Area8.106000
Water Area0.055000
City Alias Code
City Mixed CaseMinneapolis
City Alias Mixed CaseMinneapolis
Box Count167
SFDU7335
MFDU3773
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

  • 2025 Florida Home Insurance Rates Could Increase Posted on Tuesday 14th January, 2025

    While many state legislators, industry leaders and insurance regulators have been claiming that the insurance market in Florida has stabilized, it looks like premiums may be headed up again in the near future.  According to an analysis by the South Florida Sun Sentinel, the average statewide premium, being paid for an all-perils single-family home policy […]

  • 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 […]