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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.
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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.
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55428 Home Insurance Average Premiums
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:
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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 Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
---|---|---|---|
Basic Home Features | $188 | 1,218 | $229,000 |
Additional Upgrades & Added Features | $235 | 1,218 | $286,250 |
Major Home Updates or Advancements | $282 | 1,218 | $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 55428Phone: (763)535-1134
Website:
C F Lake & Co Inc
Address: 9449 Science Center Dr Minneapolis, MN 55428Phone: (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 55428Phone:
Website: http://www.rizwanmulla.com
Info:
A All Star Risk Auto Insurance
Address: 6322 Bass Lake Rd Minneapolis, MN 55428Phone:
Website:
Info:
Farmers Insurance & Investments
Address: 7100 Northland Cir N Minneapolis, MN 55428Phone:
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 55428Phone:
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 55428Phone:
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.
Population | Values |
---|---|
Total Population | 31,896 |
White Population | 16882 |
Black Population | 8113 |
Hispanic Population | 3215 |
Asian Population | 2373 |
Hawaiian Population | 8 |
Indian Population | 225 |
Other Population | 1823 |
Male Population | 15453 |
Female Population | 16443 |
Population Estimate | 31313 |
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 Data | Values |
---|---|
Households Per Zipcode | 12,341 |
Persons Per Household | 2.52 |
Average House Value | $229,000 |
Income Per Household | $61980 |
Median Age | 36.5 |
Median Age Male | 35.5 |
Median Age Female | 37.6 |
55428 Details | Values |
---|---|
State | MN |
State Full Name | Minnesota |
City Type | P |
City Alias Abbreviation | |
Area Code | 763 |
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 | 847 |
Number Of Employees | 16331 |
Business First Quarter Payroll | 216552 |
Business Annual Payroll | 906673 |
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 | 12426 |
Delivery Business | 1026 |
Delivery Total | 14443 |
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 | 8.106000 |
Water Area | 0.055000 |
City Alias Code | |
City Mixed Case | Minneapolis |
City Alias Mixed Case | Minneapolis |
Box Count | 167 |
SFDU | 7335 |
MFDU | 3773 |
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
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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 […]
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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 […]
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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 […]