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Searching for Homeowners Insurance in 38641

If you are a homeowners that lives in 38641 you may be searching for more affordable homeowners insurance in Lake Cormorant. 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 Lake Cormorant, MS. 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 Mississippi 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 38641 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 Lake Cormorant, MS home insurance quotes in your local city and review the most competitive coverages and premiums.

Check Out 38641 Home Insurance Costs: very high!

In Lake Cormorant, homeowners are paying roughly $1282 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 38641 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 Lake Cormorant are saving up to 40 percent on their policy costs by using GetHomeInsuranceQuotes.com.

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38641 Home Insurance Average Premiums

Local 38641 homeowners insurance quotes comparison

$1032 /yr.

Shows Zip Code: 38641 lowest rates with discounts applied on average.

For the 38641, 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)
$1032 /yr.
Average Coverage:$1282 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1582 /yr.

What is the average home insurance cost for a home in 38641?

  • • The average homeowners insurance premium paid annually for a home in 38641 is around $1282 per year.

What does it cost on average per month for home insurance in 38641?

  • • Homeowners in 38641 pay a monthly average cost per month around $107.00.

What kind of discount could I get if I combine my home and auto insurance together in 38641?

  • • Autoowners in 38641 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 Lake Cormorant area, check out other zip codes nearby 38641.
Review average rates in another zip code:
38641 homeowners insurance rates

Home Replacement Cost Coverage in 38641

Average Building Cost Per Square Foot in 38641: $96

Location: Lake Cormorant, Mississippi (Desoto County)

Average Square Footage in 38641: 1,554 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 38641 before you start any project. Lake Cormorant homeowners pay on average around $96 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 38641 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 38641 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,554 sq. ft. and the average cost to rebuild the home in this area is around $96 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 Lake Cormorant 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$961,554$149,200
Additional Upgrades & Added Features$1201,554$186,500
Major Home Updates or Advancements$1441,554$223,800

It's important to understand that when you estimate your replacement cost of your home in the 38641 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 38641

Best Home & Auto Insurance Agencies in 38641

Housing Demographics for 38641

Population Review for 38641 Zip Code

For the city of Lake Cormorant, the population within 38641 has increased to over 2,538 residents in population size. The current population total is 2,424. We have broken down the population based on race below. In 38641, there are over 1177 in male population and 1247 females.

PopulationValues
Total Population2,424
White Population1895
Black Population317
Hispanic Population94
Asian Population32
Hawaiian Population0
Indian Population8
Other Population55
Male Population1177
Female Population1247
Population Estimate2538

Household Data for 38641

The average number of homes in 38641 is around 856, there are an average of 2.75 per household. The average house value according to local real estate values is around $149,200. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode856
Persons Per Household2.75
Average House Value$149,200
Income Per Household$65739
Median Age40.5
Median Age Male40.3
Median Age Female40.8
38641 DetailsValues
StateMS
State Full NameMississippi
City TypeP
City Alias AbbreviationLK CORMORANT
Area Code662
CityLake Cormorant
City Alias NameLAKE CORMORANT
CountyDesoto
County FIPS033
State FIPS28
Time Zone6
Day Light SavingY
MSA4920
PMSA
CSA368
CBSA32820
CBSA_DIV
CBSA_TypeMetro
CBSA_NameMemphis, TN-MS-AR
MSA_NameMemphis, TN-AR-MS MSA
PMSA_Name
RegionSouth
DivisionEast South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses22
Number Of Employees139
Business First Quarter Payroll1810
Business Annual Payroll7128
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population1316100
CBSA Division Population0
Congressional District01
Congressional LandArea10572.8
Delivery Residential923
Delivery Business24
Delivery Total972
Preferred Last Line KeyY13850
Classification Code
Multi-County
CSA NameMemphis-Clarksdale-Forrest City, TN-MS-AR
CBSA_DIV_Name
City State KeyY13850
Land Area76.604000
Water Area4.498000
City Alias Code
City Mixed CaseLake Cormorant
City Alias Mixed CaseLake Cormorant
Box Count20
SFDU900
MFDU0
State ANSI28
County ANSI033
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number274043
Unique ZIP Name
SSA State County Code25160
Medicare CBSA Code32820
Medicare CBSA NameMemphis, TN-MS-AR
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseDesoto

Mississippi 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 […]