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56060, MN Home Insurance

In the zip code of 56060, the population size is around 431, which consists of 193 occupied homes in your area. We often hear homeowners ask us what the average home insurance premiums are for residence living in Lewisville, MN. A few years ago, a study was done and found that the average home insurance rates for Minnesota are around $1,108 per year for a standard homeowners policy. At GetHomeInsuranceQuotes.com, we help homeowners find cheaper rates and better coverage for an existing or new home purchase opportunity. We have partnered with 12 major home insurance companies that have the most competitive rates for homes in the 56060 zip code location. Our savings model helps you not only save up to 40% or more, but also includes enhanced coverage options to help protect your home and family while livings in Lewisville. If you enter your zip code for the home you would like to shop and compare rates for today, we can help you review the premiums and coverage online or over the phone. Give us a call now at 1-855-976-2656 so we can help you compare rates today!

If you would like to review more information on rates within your area, please click Lewisville, MN Homeowners Insurance Online Rates Today!

56060 Home Insurance Average Premiums

Local 56060 homeowners insurance quotes comparison

$858 /yr.

Shows Zip Code: 56060 lowest rates with discounts applied on average.

For the 56060, 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)
$858 /yr.
Average Coverage:$1108 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1408 /yr.

What is the average home insurance cost for a home in 56060?

  • • The average homeowners insurance premium paid annually for a home in 56060 is around $1108 per year.

What does it cost on average per month for home insurance in 56060?

  • • Homeowners in 56060 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 56060?

  • • Autoowners in 56060 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 Lewisville area, check out other zip codes nearby 56060.
Review average rates in another zip code:
56060 homeowners insurance rates

Home Replacement Cost Coverage in 56060

Average Building Cost Per Square Foot in 56060: $188

Location: Lewisville, Minnesota (Watonwan County)

Average Square Footage in 56060: 314 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 56060 before you start any project. Lewisville 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 56060 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 56060 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 314 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 Lewisville 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$188314$59,100
Additional Upgrades & Added Features$235314$73,875
Major Home Updates or Advancements$282314$88,650

It's important to understand that when you estimate your replacement cost of your home in the 56060 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 56060

Best Home & Auto Insurance Agencies in 56060

Housing Demographics for 56060

Population Review for 56060 Zip Code

For the city of Lewisville, the population within 56060 has increased to over 209 residents in population size. The current population total is 431. We have broken down the population based on race below. In 56060, there are over 216 in male population and 215 females.

PopulationValues
Total Population431
White Population406
Black Population3
Hispanic Population17
Asian Population2
Hawaiian Population0
Indian Population0
Other Population10
Male Population216
Female Population215
Population Estimate209

Household Data for 56060

The average number of homes in 56060 is around 193, there are an average of 2.23 per household. The average house value according to local real estate values is around $59,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode193
Persons Per Household2.23
Average House Value$59,100
Income Per Household$58125
Median Age45.8
Median Age Male44.7
Median Age Female49.6
56060 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code507
CityLewisville
City Alias NameLEWISVILLE
CountyWatonwan
County FIPS165
State FIPS27
Time Zone6
Day Light SavingY
MSA
PMSA
CSA
CBSA
CBSA_DIV
CBSA_Type
CBSA_Name
MSA_Name
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses6
Number Of Employees24
Business First Quarter Payroll171
Business Annual Payroll844
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District01
Congressional LandArea11973.99
Delivery Residential94
Delivery Business3
Delivery Total410
Preferred Last Line KeyY25668
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyY25668
Land Area35.676000
Water Area0.083000
City Alias Code
City Mixed CaseLewisville
City Alias Mixed CaseLewisville
Box Count103
SFDU94
MFDU0
State ANSI27
County ANSI165
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number265550
Unique ZIP Name
SSA State County Code24820
Medicare CBSA Code99924
Medicare CBSA NameRural Areas in MN
Medicare CBSA TypeMicro
Market Rating Area ID3
County Mixed CaseWatonwan

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 […]