Get multiple home insurance quotes in 55447. Our licensed 55447, MN agents are ready to serve you.

55447 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 55447? There are over 8,555 occupied homes in the 55447 area. With a population size of 21,357, it's not uncommon for residence of Minneapolis, MN to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Minnesota is around $1,054 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 55447 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Minneapolis, MN Home Insurance Rate Quotes

55447 Home Insurance Average Premiums

Local 55447 homeowners insurance quotes comparison

$804 /yr.

Shows Zip Code: 55447 lowest rates with discounts applied on average.

For the 55447, 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)		$804 /yr.
Average Coverage:$1054 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1354 /yr.

What is the average home insurance cost for a home in 55447?

  • • The average homeowners insurance premium paid annually for a home in 55447 is around $1054 per year.

What does it cost on average per month for home insurance in 55447?

  • • Homeowners in 55447 pay a monthly average cost per month around $88.00.

What kind of discount could I get if I combine my home and auto insurance together in 55447?

  • • Autoowners in 55447 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 55447.
Review average rates in another zip code:
55447 homeowners insurance rates
55418 homeowners insurance rates
55412 homeowners insurance rates
55441 homeowners insurance rates
55402 homeowners insurance rates
55454 homeowners insurance rates
55433 homeowners insurance rates
55446 homeowners insurance rates
55428 homeowners insurance rates
55401 homeowners insurance rates

Home Replacement Cost Coverage in 55447

Average Building Cost Per Square Foot in 55447: $188

Location: Minneapolis, Minnesota (Hennepin County)

Average Square Footage in 55447: 2,009 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55447 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 55447 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 55447 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,009 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$1882,009$377,600
Additional Upgrades & Added Features$2352,009$472,000
Major Home Updates or Advancements$2822,009$566,400

It's important to understand that when you estimate your replacement cost of your home in the 55447 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 55447

Allstate Insurance - Robert M Jacob

Address: 3211 Fernbrook Ln N Plymouth, MN 55447
Phone: (763)559-4165
Website: www.allstatetoolkit.com/clicks_rate.asp?MB_ID=14628

Rjf Agencies

Address: 14601 27th Ave N Minneapolis, MN 55447
Phone: (612)988-8338
Website: www.rjfagencies.com

Rjf Agencies Inc

Address: 508 W First St Minneapolis, MN 55447
Phone: (763)746-8000
Website: www.fjfagencies.com

Best Home & Auto Insurance Agencies in 55447

Buckingham- Gregory J - State Farm Insurance Agent

Address: 3500 Vicksburg Ln N, #200 Plymouth, MN 55447
Phone:
Website:
Info:

Rjf Agencies

Address: 14601 27th Ave N, #104 Minneapolis, MN 55447
Phone:
Website:
Info:

Allstate Insurance - Robert M Jacob

Address: 3211 Fernbrook Ln N Plymouth, MN 55447
Phone:
Website: http://www.allstatetoolkit.com/clicks_rate.asp?MB_ID=14628
Info:

Ylitalo Mark

Address: 3145 Fernbrook Ln N Minneapolis, MN 55447
Phone:
Website:
Info:

Gehlen- Joseph R - State Farm Insurance Agent

Address: 17610 19th Ave N Plymouth, MN 55447
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Housing Demographics for 55447

Population Review for 55447 Zip Code

For the city of Minneapolis, the population within 55447 has increased to over 21,874 residents in population size. The current population total is 21,357. We have broken down the population based on race below. In 55447, there are over 10276 in male population and 11081 females.

PopulationValues
Total Population21,357
White Population16984
Black Population1338
Hispanic Population771
Asian Population1385
Hawaiian Population6
Indian Population71
Other Population278
Male Population10276
Female Population11081
Population Estimate21874

Household Data for 55447

The average number of homes in 55447 is around 8,555, there are an average of 2.47 per household. The average house value according to local real estate values is around $377,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode8,555
Persons Per Household2.47
Average House Value$377,600
Income Per Household$113640
Median Age40.2
Median Age Male38.6
Median Age Female41.6
55447 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code612/763/651/952
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 Businesses883
Number Of Employees19409
Business First Quarter Payroll321474
Business Annual Payroll1440014
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
Congressional LandArea527.05
Delivery Residential8856
Delivery Business693
Delivery Total14712
Preferred Last Line KeyY25845
Classification Code
Multi-County
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY25845
Land Area8.931000
Water Area0.577000
City Alias Code
City Mixed CaseMinneapolis
City Alias Mixed CaseMinneapolis
Box Count57
SFDU5200
MFDU1781
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

  • 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 […]