Get multiple home insurance quotes in 55750. Our licensed 55750, MN agents are ready to serve you.

55750 Home Insurance Rates

For homeowners living in 55750, the population estimates are increasing to well over 2,035 with 886 occupied homes within the zip code of 55750. Homeowners like you are dicovering up to 40% or more in savings when they shop their new home insurance policy online. At GetHomeInsuranceQuotes.com, we provide homeowners a free shopping service that allows you to easily compare up to 12 competitive quotes for free. Home insurance premiums in Hoyt Lakes have increased and the average home insurance premium is around $1,115 per year in 55750. With our online quoting services and hassle free consultation, we can help you apply all the available discounts you need, plus review the best coverage and carrier option for you. Enter your 55750 zip code today so we can help you find affordable Hoyt Lakes, MN home insurance premiums.

Compare Multiple Homeowners Insurance Rates in 55750

Please select one of the three options below based on your 55750 zip code to learn more about Minnesota homeowners insurance, plus review average rates and information per state, county or city.

  1. Minnesota Homeowners Insurance Quotes
  2. Saint Louis County, MN Home Insurance
  3. Hoyt Lakes, MN Home Insurance Quotes

55750 Average Home Insurance Rating Cost is: High!

Getting cheaper homeowners insurance in the 55750 zip code just got easier with GetHomeInsuranceQuotes.com of Hoyt Lakes, MN. A homeowners policy consists of a combined property and casualty coverage for your home. To insure your home for a variety of risks like fire, theft, windstorm damage or liability accidents, it's important to get the right home insurance coverage. A standard HO-3 homeowners policy will help you get the basic coverage you need. Their are multiple home insurance types and we can help you get the savings you are looking for you in your insurance cost, plus the enhanced coverage you need so you have the protection when you need it most. Shop your home in 55750 today and let us help you review the best home insurance quotes available for homeowners living in Hoyt Lakes.

Get 55750 Homeowners Insurance Rates Now!

55750 Home Insurance Average Premiums

Local 55750 homeowners insurance quotes comparison

$865 /yr.

Shows Zip Code: 55750 lowest rates with discounts applied on average.

For the 55750, 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)
$865 /yr.
Average Coverage:$1115 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1415 /yr.

What is the average home insurance cost for a home in 55750?

  • • The average homeowners insurance premium paid annually for a home in 55750 is around $1115 per year.

What does it cost on average per month for home insurance in 55750?

  • • Homeowners in 55750 pay a monthly average cost per month around $93.00.

What kind of discount could I get if I combine my home and auto insurance together in 55750?

  • • Autoowners in 55750 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 Hoyt Lakes area, check out other zip codes nearby 55750.
Review average rates in another zip code:
55750 homeowners insurance rates

Home Replacement Cost Coverage in 55750

Average Building Cost Per Square Foot in 55750: $188

Location: Hoyt Lakes, Minnesota (Saint Louis County)

Average Square Footage in 55750: 372 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55750 before you start any project. Hoyt Lakes 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 55750 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 55750 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 372 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 Hoyt Lakes 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$188372$69,900
Additional Upgrades & Added Features$235372$87,375
Major Home Updates or Advancements$282372$104,850

It's important to understand that when you estimate your replacement cost of your home in the 55750 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 55750

Best Home & Auto Insurance Agencies in 55750

Housing Demographics for 55750

Population Review for 55750 Zip Code

For the city of Hoyt Lakes, the population within 55750 has increased to over 2,127 residents in population size. The current population total is 2,035. We have broken down the population based on race below. In 55750, there are over 1017 in male population and 1018 females.

PopulationValues
Total Population2,035
White Population1912
Black Population0
Hispanic Population30
Asian Population2
Hawaiian Population0
Indian Population11
Other Population7
Male Population1017
Female Population1018
Population Estimate2127

Household Data for 55750

The average number of homes in 55750 is around 886, there are an average of 2.29 per household. The average house value according to local real estate values is around $69,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode886
Persons Per Household2.29
Average House Value$69,900
Income Per Household$61118
Median Age45.6
Median Age Male45.9
Median Age Female45.3
55750 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code218
CityHoyt Lakes
City Alias NameHOYT LAKES
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 Businesses23
Number Of Employees175
Business First Quarter Payroll3331
Business Annual Payroll8878
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 Residential929
Delivery Business13
Delivery Total983
Preferred Last Line KeyY25501
Classification Code
Multi-County
CSA NameDuluth-Grand Rapids, MN-WI
CBSA_DIV_Name
City State KeyY25501
Land Area175.067000
Water Area3.713000
City Alias Code
City Mixed CaseHoyt Lakes
City Alias Mixed CaseHoyt Lakes
Box Count24
SFDU872
MFDU24
State ANSI27
County ANSI137
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number264635
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 […]