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56572 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 56572? There are over 2,262 occupied homes in the 56572 area. With a population size of 5,747, it's not uncommon for residence of Pelican Rapids, 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 $1,065 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 56572 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: Pelican Rapids, MN Home Insurance Rate Quotes

56572 Home Insurance Average Premiums

Local 56572 homeowners insurance quotes comparison

$815 /yr.

Shows Zip Code: 56572 lowest rates with discounts applied on average.

For the 56572, 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)
$815 /yr.
Average Coverage:$1065 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1365 /yr.

What is the average home insurance cost for a home in 56572?

  • • The average homeowners insurance premium paid annually for a home in 56572 is around $1065 per year.

What does it cost on average per month for home insurance in 56572?

  • • Homeowners in 56572 pay a monthly average cost per month around $89.00.

What kind of discount could I get if I combine my home and auto insurance together in 56572?

  • • Autoowners in 56572 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 Pelican Rapids area, check out other zip codes nearby 56572.
Review average rates in another zip code:
56572 homeowners insurance rates

Home Replacement Cost Coverage in 56572

Average Building Cost Per Square Foot in 56572: $188

Location: Pelican Rapids, Minnesota (Otter Tail County)

Average Square Footage in 56572: 1,291 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 56572 before you start any project. Pelican Rapids 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 56572 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 56572 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,291 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 Pelican Rapids 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$1881,291$242,700
Additional Upgrades & Added Features$2351,291$303,375
Major Home Updates or Advancements$2821,291$364,050

It's important to understand that when you estimate your replacement cost of your home in the 56572 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 56572

Best Home & Auto Insurance Agencies in 56572

Jeff Morgan Ins Agcy Inc - State Farm Insurance Agent

Address: 15 W Mill Ave Pelican Rapids, MN 56572
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Housing Demographics for 56572

Population Review for 56572 Zip Code

For the city of Pelican Rapids, the population within 56572 has increased to over 6,460 residents in population size. The current population total is 5,747. We have broken down the population based on race below. In 56572, there are over 2912 in male population and 2835 females.

PopulationValues
Total Population5,747
White Population4245
Black Population423
Hispanic Population935
Asian Population107
Hawaiian Population0
Indian Population38
Other Population586
Male Population2912
Female Population2835
Population Estimate6460

Household Data for 56572

The average number of homes in 56572 is around 2,262, there are an average of 2.51 per household. The average house value according to local real estate values is around $242,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,262
Persons Per Household2.51
Average House Value$242,700
Income Per Household$70026
Median Age45.7
Median Age Male45.6
Median Age Female45.8
56572 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias AbbreviationPEL RAPIDS
Area Code218
CityPelican Rapids
City Alias NamePELICAN RAPIDS
CountyOtter Tail
County FIPS111
State FIPS27
Time Zone6
Day Light SavingY
MSA
PMSA
CSA
CBSA22260
CBSA_DIV
CBSA_TypeMicro
CBSA_NameFergus Falls, MN
MSA_Name
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses152
Number Of Employees1379
Business First Quarter Payroll13880
Business Annual Payroll61422
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population57303
CBSA Division Population0
Congressional District07
Congressional LandArea33429.31
Delivery Residential2574
Delivery Business59
Delivery Total3176
Preferred Last Line KeyY26072
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyY26072
Land Area171.363000
Water Area31.857000
City Alias Code
City Mixed CasePelican Rapids
City Alias Mixed CasePelican Rapids
Box Count408
SFDU2228
MFDU163
State ANSI27
County ANSI111
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number267310
Unique ZIP Name
SSA State County Code24550
Medicare CBSA Code99924
Medicare CBSA NameRural Areas in MN
Medicare CBSA TypeMicro
Market Rating Area ID6
County Mixed CaseOtter Tail

Minnesota Homeowners Insurance News & Information

  • 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 […]

  • 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 […]