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Home Insurance in 55434

Our rates are very competitive for homeowners living in the 55434 zip code. Many homeowners based out of Minneapolis, MN have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our MN licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 55434 should appear in the zip code field ready to go.

55434 Average Home Insurance Rates

Are you looking for a standard HO-3 homeowners policy for your single family home in the Minneapolis area? The average homeowners premium in 55434 is high in comparison to other states. For example, the national average is $1,249 per year for home insurance coverage for a basic home insurance policy. For homeowners living in the 55434, you can expect to pay around $1147 per year for homeowners coverage. If you want to see which company has the best rates and coverage options, than easily compare rates with us. You can review each premium and we can help explain any question that you may have about different types of coverages and what is best for you and your family.

Get Home Insurance Coverage in 55434 Today!

Get Home Insurance Quotes in 55434

We can shop up to 12 home insurance quotes for you easily online. You can find out more by exploring one of the three links below to review average homeowners insurance rates in the great state of Minnesota. Start your 55434 home insurance shopping today!

  1. Minneapolis, MN Home Insurance Quotes

55434 Home Insurance Average Premiums

Local 55434 homeowners insurance quotes comparison

$897 /yr.

Shows Zip Code: 55434 lowest rates with discounts applied on average.

For the 55434, 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)
$897 /yr.
Average Coverage:$1147 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1447 /yr.

What is the average home insurance cost for a home in 55434?

  • • The average homeowners insurance premium paid annually for a home in 55434 is around $1147 per year.

What does it cost on average per month for home insurance in 55434?

  • • Homeowners in 55434 pay a monthly average cost per month around $96.00.

What kind of discount could I get if I combine my home and auto insurance together in 55434?

  • • Autoowners in 55434 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 55434.
Review average rates in another zip code:
55423 homeowners insurance rates
55425 homeowners insurance rates
55434 homeowners insurance rates
55410 homeowners insurance rates
55447 homeowners insurance rates
55415 homeowners insurance rates
55421 homeowners insurance rates
55414 homeowners insurance rates
55411 homeowners insurance rates
55445 homeowners insurance rates

Home Replacement Cost Coverage in 55434

Average Building Cost Per Square Foot in 55434: $188

Location: Minneapolis, Minnesota (Anoka County)

Average Square Footage in 55434: 1,176 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55434 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 55434 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 55434 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,176 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$1881,176$221,100
Additional Upgrades & Added Features$2351,176$276,375
Major Home Updates or Advancements$2821,176$331,650

It's important to understand that when you estimate your replacement cost of your home in the 55434 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 55434

Allstate Insurance - Diane L. Anderson

Address: 11000 Central Ave Ne Blaine, MN 55434
Phone: (763)767-7218
Website:

Best Home & Auto Insurance Agencies in 55434

Allstate Insurance - Diane L. Anderson

Address: 11000 Central Ave NE Blaine, MN 55434
Phone:
Website:
Info:

Aaron M Welter Ins Agcy Inc - State Farm Insurance Agent

Address: 916 125th Ln NE Blaine, MN 55434
Phone:
Website:
Info:

Housing Demographics for 55434

Population Review for 55434 Zip Code

For the city of Minneapolis, the population within 55434 has increased to over 33,029 residents in population size. The current population total is 31,776. We have broken down the population based on race below. In 55434, there are over 15570 in male population and 16206 females.

PopulationValues
Total Population31,776
White Population23031
Black Population2506
Hispanic Population2395
Asian Population2581
Hawaiian Population12
Indian Population237
Other Population1096
Male Population15570
Female Population16206
Population Estimate33029

Household Data for 55434

The average number of homes in 55434 is around 11,984, there are an average of 2.64 per household. The average house value according to local real estate values is around $221,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,984
Persons Per Household2.64
Average House Value$221,100
Income Per Household$79855
Median Age37.9
Median Age Male36.5
Median Age Female39.3
55434 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code763/651
CityMinneapolis
City Alias NameMINNEAPOLIS
CountyAnoka
County FIPS003
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 Businesses602
Number Of Employees6866
Business First Quarter Payroll52137
Business Annual Payroll233710
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|06
Congressional LandArea135.66|2882.22
Delivery Residential12511
Delivery Business530
Delivery Total15701
Preferred Last Line KeyY25845
Classification Code
Multi-County
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY25845
Land Area8.923000
Water Area0.229000
City Alias Code
City Mixed CaseMinneapolis
City Alias Mixed CaseMinneapolis
Box Count0
SFDU7734
MFDU1515
State ANSI27
County ANSI003
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number266360
Unique ZIP Name
SSA State County Code24010
Medicare CBSA Code33460
Medicare CBSA NameMinneapolis-St. Paul-Bloomington, MN-WI
Medicare CBSA TypeMetro
Market Rating Area ID8
County Mixed CaseAnoka

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 […]