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Home Insurance in 55616

Our rates are very competitive for homeowners living in the 55616 zip code. Many homeowners based out of Two Harbors, 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 55616 should appear in the zip code field ready to go.

55616 Average Home Insurance Rates

Are you looking for a standard HO-3 homeowners policy for your single family home in the Two Harbors area? The average homeowners premium in 55616 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 55616, you can expect to pay around $1139 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 55616 Today!

Get Home Insurance Quotes in 55616

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 55616 home insurance shopping today!

  1. Two Harbors, MN Home Insurance Quotes

55616 Home Insurance Average Premiums

Local 55616 homeowners insurance quotes comparison

$889 /yr.

Shows Zip Code: 55616 lowest rates with discounts applied on average.

For the 55616, 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)
$889 /yr.
Average Coverage:$1139 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1439 /yr.

What is the average home insurance cost for a home in 55616?

  • • The average homeowners insurance premium paid annually for a home in 55616 is around $1139 per year.

What does it cost on average per month for home insurance in 55616?

  • • Homeowners in 55616 pay a monthly average cost per month around $95.00.

What kind of discount could I get if I combine my home and auto insurance together in 55616?

  • • Autoowners in 55616 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 Two Harbors area, check out other zip codes nearby 55616.
Review average rates in another zip code:
55616 homeowners insurance rates

Home Replacement Cost Coverage in 55616

Average Building Cost Per Square Foot in 55616: $188

Location: Two Harbors, Minnesota (Lake County)

Average Square Footage in 55616: 1,085 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55616 before you start any project. Two Harbors 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 55616 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 55616 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,085 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 Two Harbors 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$1881,085$204,000
Additional Upgrades & Added Features$2351,085$255,000
Major Home Updates or Advancements$2821,085$306,000

It's important to understand that when you estimate your replacement cost of your home in the 55616 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 55616

Best Home & Auto Insurance Agencies in 55616

Miller- Donald G

Address: 1073 Highway 61 Two Harbors, MN 55616
Phone:
Website:
Info:

Housing Demographics for 55616

Population Review for 55616 Zip Code

For the city of Two Harbors, the population within 55616 has increased to over 7,476 residents in population size. The current population total is 7,024. We have broken down the population based on race below. In 55616, there are over 3574 in male population and 3450 females.

PopulationValues
Total Population7,024
White Population6633
Black Population11
Hispanic Population79
Asian Population33
Hawaiian Population0
Indian Population30
Other Population20
Male Population3574
Female Population3450
Population Estimate7476

Household Data for 55616

The average number of homes in 55616 is around 3,046, there are an average of 2.26 per household. The average house value according to local real estate values is around $204,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode3,046
Persons Per Household2.26
Average House Value$204,000
Income Per Household$67540
Median Age47.0
Median Age Male46.2
Median Age Female47.9
55616 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code218
CityTwo Harbors
City Alias NameTWO HARBORS
CountyLake
County FIPS075
State FIPS27
Time Zone6
Day Light SavingY
MSA
PMSA
CSA
CBSA
CBSA_DIV
CBSA_Type
CBSA_Name
MSA_Name
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses192
Number Of Employees2369
Business First Quarter Payroll20051
Business Annual Payroll93980
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District08
Congressional LandArea27908.13
Delivery Residential3308
Delivery Business175
Delivery Total3718
Preferred Last Line KeyY26562
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyY26562
Land Area479.730000
Water Area16.957000
City Alias Code
City Mixed CaseTwo Harbors
City Alias Mixed CaseTwo Harbors
Box Count151
SFDU3042
MFDU214
State ANSI27
County ANSI075
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number269380
Unique ZIP Name
SSA State County Code24370
Medicare CBSA Code20260
Medicare CBSA NameDuluth, MN-WI
Medicare CBSA Type
Market Rating Area ID2
County Mixed CaseLake

Minnesota Homeowners Insurance News & Information

  • 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 […]

  • 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 […]