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56227 Home Insurance Rates

For homeowners living in 56227, the population estimates are increasing to well over 178 with 71 occupied homes within the zip code of 56227. 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 Correll have increased and the average home insurance premium is around $1,111 per year in 56227. 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 56227 zip code today so we can help you find affordable Correll, MN home insurance premiums.

Compare Multiple Homeowners Insurance Rates in 56227

Please select one of the three options below based on your 56227 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. Big Stone County, MN Home Insurance
  3. Correll, MN Home Insurance Quotes

56227 Average Home Insurance Rating Cost is: High!

Getting cheaper homeowners insurance in the 56227 zip code just got easier with GetHomeInsuranceQuotes.com of Correll, 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 56227 today and let us help you review the best home insurance quotes available for homeowners living in Correll.

Get 56227 Homeowners Insurance Rates Now!

56227 Home Insurance Average Premiums

Local 56227 homeowners insurance quotes comparison

$861 /yr.

Shows Zip Code: 56227 lowest rates with discounts applied on average.

For the 56227, 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)
$861 /yr.
Average Coverage:$1111 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1411 /yr.

What is the average home insurance cost for a home in 56227?

  • • The average homeowners insurance premium paid annually for a home in 56227 is around $1111 per year.

What does it cost on average per month for home insurance in 56227?

  • • Homeowners in 56227 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 56227?

  • • Autoowners in 56227 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 Correll area, check out other zip codes nearby 56227.
Review average rates in another zip code:
56227 homeowners insurance rates

Home Replacement Cost Coverage in 56227

Average Building Cost Per Square Foot in 56227: $188

Location: Correll, Minnesota (Big Stone County)

Average Square Footage in 56227: 1,235 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 56227 before you start any project. Correll 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 56227 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 56227 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,235 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 Correll 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$1881,235$232,100
Additional Upgrades & Added Features$2351,235$290,125
Major Home Updates or Advancements$2821,235$348,150

It's important to understand that when you estimate your replacement cost of your home in the 56227 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 56227

Best Home & Auto Insurance Agencies in 56227

Housing Demographics for 56227

Population Review for 56227 Zip Code

For the city of Correll, the population within 56227 has increased to over 213 residents in population size. The current population total is 178. We have broken down the population based on race below. In 56227, there are over 92 in male population and 86 females.

PopulationValues
Total Population178
White Population176
Black Population0
Hispanic Population0
Asian Population0
Hawaiian Population0
Indian Population0
Other Population0
Male Population92
Female Population86
Population Estimate213

Household Data for 56227

The average number of homes in 56227 is around 71, there are an average of 2.51 per household. The average house value according to local real estate values is around $232,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode71
Persons Per Household2.51
Average House Value$232,100
Income Per Household$83333
Median Age49.0
Median Age Male49.5
Median Age Female45.0
56227 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code320
CityCorrell
City Alias NameCORRELL
CountyBig Stone
County FIPS011
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 Employees12
Business First Quarter Payroll75
Business Annual Payroll353
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 District07
Congressional LandArea33429.31
Delivery Residential85
Delivery Business4
Delivery Total89
Preferred Last Line KeyY25076
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY25076
Land Area55.751000
Water Area7.634000
City Alias Code
City Mixed CaseCorrell
City Alias Mixed CaseCorrell
Box Count0
SFDU85
MFDU0
State ANSI27
County ANSI011
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number262030
Unique ZIP Name
SSA State County Code24050
Medicare CBSA Code99924
Medicare CBSA NameRural Areas in MN
Medicare CBSA TypeMicro
Market Rating Area ID5
County Mixed CaseBig Stone

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 […]