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Compare 55448 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Minneapolis just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 10,635 neighbors looking to save on their home insurance policy in the local 55448 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 55448. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Minnesota rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Minneapolis, MN home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Minneapolis, MN

55448 Home Insurance Average Premiums

Local 55448 homeowners insurance quotes comparison

$822 /yr.

Shows Zip Code: 55448 lowest rates with discounts applied on average.

For the 55448, 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)
$822 /yr.
Average Coverage:$1072 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1372 /yr.

What is the average home insurance cost for a home in 55448?

  • • The average homeowners insurance premium paid annually for a home in 55448 is around $1072 per year.

What does it cost on average per month for home insurance in 55448?

  • • Homeowners in 55448 pay a monthly average cost per month around $89.00.

What kind of discount could I get if I combine my home and auto insurance together in 55448?

  • • Autoowners in 55448 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 55448.
Review average rates in another zip code:
55438 homeowners insurance rates
55428 homeowners insurance rates
55407 homeowners insurance rates
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55448 homeowners insurance rates
55430 homeowners insurance rates

Home Replacement Cost Coverage in 55448

Average Building Cost Per Square Foot in 55448: $188

Location: Minneapolis, Minnesota (Anoka County)

Average Square Footage in 55448: 1,299 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55448 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 55448 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 55448 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,299 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$1881,299$244,200
Additional Upgrades & Added Features$2351,299$305,250
Major Home Updates or Advancements$2821,299$366,300

It's important to understand that when you estimate your replacement cost of your home in the 55448 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 55448

Best Home & Auto Insurance Agencies in 55448

Farmers Insurance Group - Agents Offices- Coon Rapids- Executive Park Offices- Andy Wester

Address: 10600 University Ave NW Minneapolis, MN 55448
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,

Jennifer L Gohman Ins Agency Inc - Farmers Insurance

Address: 3200 Main St NW, #340 Coon Rapids, MN 55448
Phone:
Website: http://www.twincities.citysearch.com/profile/38515267/coon_rapids_mn/jennifer_l_gohman_ins_agency_inc_farmers_insurance.html
Info:

Housing Demographics for 55448

Population Review for 55448 Zip Code

For the city of Minneapolis, the population within 55448 has increased to over 29,351 residents in population size. The current population total is 28,970. We have broken down the population based on race below. In 55448, there are over 14132 in male population and 14838 females.

PopulationValues
Total Population28,970
White Population21569
Black Population2940
Hispanic Population1275
Asian Population1742
Hawaiian Population8
Indian Population216
Other Population578
Male Population14132
Female Population14838
Population Estimate29351

Household Data for 55448

The average number of homes in 55448 is around 10,635, there are an average of 2.70 per household. The average house value according to local real estate values is around $244,200. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode10,635
Persons Per Household2.70
Average House Value$244,200
Income Per Household$84572
Median Age39.2
Median Age Male38.0
Median Age Female40.5
55448 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code763
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 Businesses549
Number Of Employees7735
Business First Quarter Payroll65910
Business Annual Payroll301324
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|06
Congressional LandArea527.05|2882.22
Delivery Residential10871
Delivery Business387
Delivery Total13443
Preferred Last Line KeyY25845
Classification Code
Multi-County
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY25845
Land Area10.826000
Water Area0.170000
City Alias Code
City Mixed CaseMinneapolis
City Alias Mixed CaseMinneapolis
Box Count250
SFDU7500
MFDU841
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

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    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 […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]