Get multiple home insurance quotes in 55702. Our licensed 55702, MN agents are ready to serve you.

55702 Homeowners Insurance Rate Quotes

Are you shopping for homeowners insurance quotes in 55702? Our rates are very competitive for homeowners living in Alborn, MN. Many homeowners based out of your 55702 area 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 homeowners insurance quotes are free and our Minnesota 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 55702 should appear in the zip code field ready to go. For Alborn, MN Home Insurance Rate Quotes click to review the best rates and service online!

55702 Average Premium is Rated: High!

Homeowners living in 55702 can easily save up to 40% off the average home insurance premium of $1123 a year by comparing rates with us at GetHomeInsuranceQuotes.com. You don't have to do the research to find the best company, rate and coverage options. We have already done this for you. We have 12 major carriers in Alborn that are all very competitive and have the best rate and coverage option available. All you need to do is request quotes online for zip code 55702 and we will help you compare prices and apply all available discounts. If you want savings and also need help deciding which policy is best for you, than let us help you compare multiple rates today!

Get Multiple Home Insurance Rates in 55702!

55702 Home Insurance Average Premiums

Local 55702 homeowners insurance quotes comparison

$873 /yr.

Shows Zip Code: 55702 lowest rates with discounts applied on average.

For the 55702, 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)
$873 /yr.
Average Coverage:$1123 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1423 /yr.

What is the average home insurance cost for a home in 55702?

  • • The average homeowners insurance premium paid annually for a home in 55702 is around $1123 per year.

What does it cost on average per month for home insurance in 55702?

  • • Homeowners in 55702 pay a monthly average cost per month around $94.00.

What kind of discount could I get if I combine my home and auto insurance together in 55702?

  • • Autoowners in 55702 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 Alborn area, check out other zip codes nearby 55702.
Review average rates in another zip code:
55702 homeowners insurance rates

Home Replacement Cost Coverage in 55702

Average Building Cost Per Square Foot in 55702: $188

Location: Alborn, Minnesota (Saint Louis County)

Average Square Footage in 55702: 1,248 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55702 before you start any project. Alborn 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 55702 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 55702 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,248 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 Alborn 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$1881,248$234,600
Additional Upgrades & Added Features$2351,248$293,250
Major Home Updates or Advancements$2821,248$351,900

It's important to understand that when you estimate your replacement cost of your home in the 55702 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 55702

Best Home & Auto Insurance Agencies in 55702

Housing Demographics for 55702

Population Review for 55702 Zip Code

For the city of Alborn, the population within 55702 has increased to over 533 residents in population size. The current population total is 410. We have broken down the population based on race below. In 55702, there are over 198 in male population and 212 females.

PopulationValues
Total Population410
White Population362
Black Population0
Hispanic Population0
Asian Population0
Hawaiian Population0
Indian Population20
Other Population0
Male Population198
Female Population212
Population Estimate533

Household Data for 55702

The average number of homes in 55702 is around 179, there are an average of 2.29 per household. The average house value according to local real estate values is around $234,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode179
Persons Per Household2.29
Average House Value$234,600
Income Per Household$65833
Median Age50.0
Median Age Male51.1
Median Age Female47.8
55702 DetailsValues
StateMN
State Full NameMinnesota
City TypeN
City Alias Abbreviation
Area Code218
CityAlborn
City Alias NameALBORN
CountySaint Louis
County FIPS137
State FIPS27
Time Zone6
Day Light SavingY
MSA2240
PMSA
CSA228
CBSA20260
CBSA_DIV
CBSA_TypeMetro
CBSA_NameDuluth, MN-WI
MSA_NameDuluth-Superior, MN-WI MSA
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses8
Number Of Employees20
Business First Quarter Payroll170
Business Annual Payroll772
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population279771
CBSA Division Population0
Congressional District08
Congressional LandArea27908.13
Delivery Residential233
Delivery Business2
Delivery Total287
Preferred Last Line KeyY26900
Classification Code
Multi-County
CSA NameDuluth-Grand Rapids, MN-WI
CBSA_DIV_Name
City State KeyY26900
Land Area50.084000
Water Area0.681000
City Alias Code
City Mixed CaseAlborn
City Alias Mixed CaseAlborn
Box Count0
SFDU221
MFDU0
State ANSI27
County ANSI137
ZIP Intro
Alias Intro
Facility CodeN
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number268240
Unique ZIP Name
SSA State County Code24680
Medicare CBSA Code20260
Medicare CBSA NameDuluth, MN-WI
Medicare CBSA TypeMetro
Market Rating Area ID2
County Mixed CaseSaint Louis

Minnesota Homeowners Insurance News & Information

  • $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 […]

  • I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024

    According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]

  • How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024

    Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm.  Understanding the different coverages that are available to homeowners is key to making sure you […]