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55933 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 55933? There are over 98 occupied homes in the 55933 area. With a population size of 247, it's not uncommon for residence of Elkton, MN to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Minnesota is around $1,107 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 55933 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Elkton, MN Home Insurance Rate Quotes

55933 Home Insurance Average Premiums

Local 55933 homeowners insurance quotes comparison

$857 /yr.

Shows Zip Code: 55933 lowest rates with discounts applied on average.

For the 55933, 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)		$857 /yr.
Average Coverage:$1107 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1407 /yr.

What is the average home insurance cost for a home in 55933?

  • • The average homeowners insurance premium paid annually for a home in 55933 is around $1107 per year.

What does it cost on average per month for home insurance in 55933?

  • • Homeowners in 55933 pay a monthly average cost per month around $92.00.

What kind of discount could I get if I combine my home and auto insurance together in 55933?

  • • Autoowners in 55933 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 Elkton area, check out other zip codes nearby 55933.
Review average rates in another zip code:
55933 homeowners insurance rates

Home Replacement Cost Coverage in 55933

Average Building Cost Per Square Foot in 55933: $188

Location: Elkton, Minnesota (Mower County)

Average Square Footage in 55933: 869 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55933 before you start any project. Elkton 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 55933 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 55933 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 869 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 Elkton 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$188869$163,300
Additional Upgrades & Added Features$235869$204,125
Major Home Updates or Advancements$282869$244,950

It's important to understand that when you estimate your replacement cost of your home in the 55933 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 55933

Best Home & Auto Insurance Agencies in 55933

Housing Demographics for 55933

Population Review for 55933 Zip Code

For the city of Elkton, the population within 55933 has increased to over 262 residents in population size. The current population total is 247. We have broken down the population based on race below. In 55933, there are over 129 in male population and 118 females.

PopulationValues
Total Population247
White Population230
Black Population1
Hispanic Population5
Asian Population0
Hawaiian Population0
Indian Population0
Other Population6
Male Population129
Female Population118
Population Estimate262

Household Data for 55933

The average number of homes in 55933 is around 98, there are an average of 2.52 per household. The average house value according to local real estate values is around $163,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode98
Persons Per Household2.52
Average House Value$163,300
Income Per Household$58250
Median Age42.2
Median Age Male42.2
Median Age Female42.5
55933 DetailsValues
StateMN
State Full NameMinnesota
City TypeN
City Alias Abbreviation
Area Code507
CityElkton
City Alias NameELKTON
CountyMower
County FIPS099
State FIPS27
Time Zone6
Day Light SavingY
MSA
PMSA
CSA462
CBSA12380
CBSA_DIV
CBSA_TypeMicro
CBSA_NameAustin, MN
MSA_Name
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses4
Number Of Employees8
Business First Quarter Payroll54
Business Annual Payroll211
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population39163
CBSA Division Population0
Congressional District01
Congressional LandArea11973.99
Delivery Residential104
Delivery Business3
Delivery Total115
Preferred Last Line Key013503
Classification Code
Multi-County
CSA NameRochester-Austin-Winona, MN
CBSA_DIV_Name
City State Key013503
Land Area21.075000
Water Area0.000000
City Alias Code
City Mixed CaseElkton
City Alias Mixed CaseElkton
Box Count0
SFDU82
MFDU0
State ANSI27
County ANSI099
ZIP Intro
Alias Intro
Facility CodeN
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number262450
Unique ZIP Name
SSA State County Code24490
Medicare CBSA Code99924
Medicare CBSA NameRural Areas in MN
Medicare CBSA TypeMicro
Market Rating Area ID1
County Mixed CaseMower

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 […]