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55920 Homeowners Insurance Rate Quotes

Are you shopping for homeowners insurance quotes in 55920? Our rates are very competitive for homeowners living in Byron, MN. Many homeowners based out of your 55920 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 55920 should appear in the zip code field ready to go. For Byron, MN Home Insurance Rate Quotes click to review the best rates and service online!

55920 Average Premium is Rated: High!

Homeowners living in 55920 can easily save up to 40% off the average home insurance premium of $1139 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 Byron 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 55920 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 55920!

55920 Home Insurance Average Premiums

Local 55920 homeowners insurance quotes comparison

$889 /yr.

Shows Zip Code: 55920 lowest rates with discounts applied on average.

For the 55920, 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 55920?

  • • The average homeowners insurance premium paid annually for a home in 55920 is around $1139 per year.

What does it cost on average per month for home insurance in 55920?

  • • Homeowners in 55920 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 55920?

  • • Autoowners in 55920 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 Byron area, check out other zip codes nearby 55920.
Review average rates in another zip code:
55920 homeowners insurance rates

Home Replacement Cost Coverage in 55920

Average Building Cost Per Square Foot in 55920: $188

Location: Byron, Minnesota (Olmsted County)

Average Square Footage in 55920: 1,519 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55920 before you start any project. Byron 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 55920 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 55920 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,519 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 Byron 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$1881,519$285,600
Additional Upgrades & Added Features$2351,519$357,000
Major Home Updates or Advancements$2821,519$428,400

It's important to understand that when you estimate your replacement cost of your home in the 55920 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 55920

Best Home & Auto Insurance Agencies in 55920

Housing Demographics for 55920

Population Review for 55920 Zip Code

For the city of Byron, the population within 55920 has increased to over 9,017 residents in population size. The current population total is 8,512. We have broken down the population based on race below. In 55920, there are over 4255 in male population and 4257 females.

PopulationValues
Total Population8,512
White Population7895
Black Population57
Hispanic Population202
Asian Population121
Hawaiian Population5
Indian Population9
Other Population71
Male Population4255
Female Population4257
Population Estimate9017

Household Data for 55920

The average number of homes in 55920 is around 3,073, there are an average of 2.75 per household. The average house value according to local real estate values is around $285,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode3,073
Persons Per Household2.75
Average House Value$285,600
Income Per Household$112841
Median Age37.9
Median Age Male37.2
Median Age Female38.6
55920 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code507
CityByron
City Alias NameBYRON
CountyOlmsted
County FIPS109
State FIPS27
Time Zone6
Day Light SavingY
MSA6820
PMSA
CSA462
CBSA40340
CBSA_DIV
CBSA_TypeMetro
CBSA_NameRochester, MN
MSA_NameRochester, MN MSA
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses162
Number Of Employees1523
Business First Quarter Payroll13760
Business Annual Payroll68083
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population186011
CBSA Division Population0
Congressional District01
Congressional LandArea11973.99
Delivery Residential3279
Delivery Business85
Delivery Total3605
Preferred Last Line KeyY24949
Classification Code
Multi-CountyY
CSA NameRochester-Austin-Winona, MN
CBSA_DIV_Name
City State KeyY24949
Land Area68.722000
Water Area0.000000
City Alias Code
City Mixed CaseByron
City Alias Mixed CaseByron
Box Count179
SFDU2701
MFDU219
State ANSI27
County ANSI109
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number261400
Unique ZIP Name
SSA State County Code24540
Medicare CBSA Code40340
Medicare CBSA NameRochester, MN
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseOlmsted

Minnesota Homeowners Insurance News & Information

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  • 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 […]