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Searching for Homeowners Insurance in 55983

If you are a homeowners that lives in 55983 you may be searching for more affordable homeowners insurance in Wanamingo. Insurance rates can change on a yearly basis so if your current insurer has raised your rates recently it may be time to shop your coverage and we can help.

GetHomeInsuranceQuotes.com makes shopping your insurance policy quick and easy for residents of Wanamingo, MN. All you have to do is enter a bit of information about your home and we will gather 12 quotes from nationwide insurers, making sure that you get the best coverage levels and rates available.

Our Minnesota licensed agents will provide a free consultation to make sure you are fully protected as well as answer any questions you may have about policy options. Insurance can be complicated so it pays to have a professional walk you through your various policy choices. As always, our service is free.

Getting started is easy. Click the "Get Multiple Quotes Now" button, verify your zip code and start saving.

Get 55983 Home Insurance Rate Quotes Right Now!

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Wanamingo, MN home insurance quotes in your local city and review the most competitive coverages and premiums.

Check Out 55983 Home Insurance Costs: high!

In Wanamingo, homeowners are paying roughly $1133 per year for a HO-3 policy which is considered the standard for a single family home. In order to find the best policy at the best price, we compare rates from some of the most competitive insurers and present you with your best options for homeowners insurance coverage in 55983 zip code.

Our service is free and we never spam our clients so you only receive the information that you request. While all situations are different, in most cases, homeowners in Wanamingo are saving up to 40 percent on their policy costs by using GetHomeInsuranceQuotes.com.

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55983 Home Insurance Average Premiums

Local 55983 homeowners insurance quotes comparison

$883 /yr.

Shows Zip Code: 55983 lowest rates with discounts applied on average.

For the 55983, 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)
$883 /yr.
Average Coverage:$1133 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1433 /yr.

What is the average home insurance cost for a home in 55983?

  • • The average homeowners insurance premium paid annually for a home in 55983 is around $1133 per year.

What does it cost on average per month for home insurance in 55983?

  • • Homeowners in 55983 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 55983?

  • • Autoowners in 55983 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 Wanamingo area, check out other zip codes nearby 55983.
Review average rates in another zip code:
55983 homeowners insurance rates

Home Replacement Cost Coverage in 55983

Average Building Cost Per Square Foot in 55983: $188

Location: Wanamingo, Minnesota (Goodhue County)

Average Square Footage in 55983: 1,162 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55983 before you start any project. Wanamingo 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 55983 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 55983 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,162 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 Wanamingo 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$1881,162$218,400
Additional Upgrades & Added Features$2351,162$273,000
Major Home Updates or Advancements$2821,162$327,600

It's important to understand that when you estimate your replacement cost of your home in the 55983 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 55983

Best Home & Auto Insurance Agencies in 55983

Housing Demographics for 55983

Population Review for 55983 Zip Code

For the city of Wanamingo, the population within 55983 has increased to over 1,470 residents in population size. The current population total is 1,535. We have broken down the population based on race below. In 55983, there are over 756 in male population and 779 females.

PopulationValues
Total Population1,535
White Population1456
Black Population14
Hispanic Population30
Asian Population5
Hawaiian Population0
Indian Population2
Other Population3
Male Population756
Female Population779
Population Estimate1470

Household Data for 55983

The average number of homes in 55983 is around 631, there are an average of 2.41 per household. The average house value according to local real estate values is around $218,400. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode631
Persons Per Household2.41
Average House Value$218,400
Income Per Household$75085
Median Age41.7
Median Age Male41.7
Median Age Female41.8
55983 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code507
CityWanamingo
City Alias NameWANAMINGO
CountyGoodhue
County FIPS049
State FIPS27
Time Zone6
Day Light SavingY
MSA
PMSA
CSA378
CBSA39860
CBSA_DIV
CBSA_TypeMicro
CBSA_NameRed Wing, MN
MSA_Name
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses46
Number Of Employees552
Business First Quarter Payroll6627
Business Annual Payroll22508
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population46183
CBSA Division Population0
Congressional District01
Congressional LandArea11973.99
Delivery Residential610
Delivery Business14
Delivery Total766
Preferred Last Line KeyY26621
Classification Code
Multi-County
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY26621
Land Area37.613000
Water Area0.014000
City Alias Code
City Mixed CaseWanamingo
City Alias Mixed CaseWanamingo
Box Count92
SFDU558
MFDU52
State ANSI27
County ANSI049
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number269570
Unique ZIP Name
SSA State County Code24240
Medicare CBSA Code99924
Medicare CBSA NameRural Areas in MN
Medicare CBSA TypeMicro
Market Rating Area ID1
County Mixed CaseGoodhue

Minnesota Homeowners Insurance News & Information

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    While many state legislators, industry leaders and insurance regulators have been claiming that the insurance market in Florida has stabilized, it looks like premiums may be headed up again in the near future.  According to an analysis by the South Florida Sun Sentinel, the average statewide premium, being paid for an all-perils single-family home policy […]

  • 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 […]