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48464 Home Insurance Rates & Premiums

Did you know there are over 2,077 people living within the 48464 zip code area? There are over 832 occupied dwellings which means many homeowners like you that are interested in lower premiums or better coverage options. At GetHomeInsuranceQuotes.com, we provide a free shopping services online or over the phone. Our process includes the following:

  1. We will shop up to 12 home insurance companies for free.
  2. We will apply all discounts and credits to help you save up to 40% or more.
  3. We will answer any questions that you may.
  4. We will review the best policy and coverage option in 48464.

Let us help you shop and compare rates today, just enter your zip code to get your free online home insurance quotes. Please give us a call now at 1-855-976-2656, and easily get up to 12 rates over the phone in minutes.

Average homeowners insurance premiums in Michigan are on the rise. The estimated average premium is around $769 a year for a standard homeowners insurance policy in Otter Lake. You can find out more information about home insurance premiums, discounts and crime rate information by clicking your city below.

City: Otter Lake, MI Homeowners Insurance Quotes Online

48464 Home Insurance Average Premiums

Local 48464 homeowners insurance quotes comparison

$519 /yr.

Shows Zip Code: 48464 lowest rates with discounts applied on average.

For the 48464, 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)		$519 /yr.
Average Coverage:$769 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1069 /yr.

What is the average home insurance cost for a home in 48464?

  • • The average homeowners insurance premium paid annually for a home in 48464 is around $769 per year.

What does it cost on average per month for home insurance in 48464?

  • • Homeowners in 48464 pay a monthly average cost per month around $64.00.

What kind of discount could I get if I combine my home and auto insurance together in 48464?

  • • Autoowners in 48464 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.

You can easily shop and compare home insurance rates within Otter Lake, check out other zip codes nearby 48464.
To review average rates in another zip code, click on a zip code below:
48464  | 

Home Replacement Cost Coverage in 48464

Average Building Cost Per Square Foot in 48464: $132

Location: Otter Lake, Michigan (Lapeer County)

Average Square Footage in 48464: 1,025 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48464 before you start any project. Otter Lake homeowners pay on average around $132 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 48464 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 48464 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,025 sq. ft. and the average cost to rebuild the home in this area is around $132 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 Otter Lake 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$1321,025$135,300
Additional Upgrades & Added Features$1651,025$169,125
Major Home Updates or Advancements$1981,025$202,950

It's important to understand that when you estimate your replacement cost of your home in the 48464 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 48464

Best Home & Auto Insurance Agencies in 48464

Housing Demographics for 48464

Population Review for 48464 Zip Code

For the city of Otter Lake, the population within 48464 has increased to over 2,022 residents in population size. The current population total is 2,077. We have broken down the population based on race below. In 48464, there are over 1050 in male population and 1027 females.

PopulationValues
Total Population2,077
White Population1892
Black Population2
Hispanic Population87
Asian Population6
Hawaiian Population0
Indian Population7
Other Population4
Male Population1050
Female Population1027
Population Estimate2022

Household Data for 48464

The average number of homes in 48464 is around 832, there are an average of 2.50 per household. The average house value according to local real estate values is around $135,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode832
Persons Per Household2.50
Average House Value$135,300
Income Per Household$57857
Median Age45.8
Median Age Male44.4
Median Age Female47.6
48464 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code810
CityOtter Lake
City Alias NameOTTER LAKE
CountyLapeer
County FIPS087
State FIPS26
Time Zone5
Day Light SavingY
MSA2162
PMSA2160
CSA220
CBSA19820
CBSA_DIV47664
CBSA_TypeMetro
CBSA_NameDetroit-Warren-Dearborn, MI
MSA_NameDetroit-Ann Arbor-Flint, MI CMSA
PMSA_NameDetroit, MI PMSA
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses16
Number Of Employees61
Business First Quarter Payroll286
Business Annual Payroll1477
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population4296250
CBSA Division Population2475666
Congressional District08|09|10
Congressional LandArea1503.18|183.59|4140.44
Delivery Residential809
Delivery Business4
Delivery Total1070
Preferred Last Line KeyY12533
Classification Code
Multi-CountyY
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12533
Land Area17.026000
Water Area0.504000
City Alias Code
City Mixed CaseOtter Lake
City Alias Mixed CaseOtter Lake
Box Count105
SFDU809
MFDU0
State ANSI26
County ANSI087
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number257190
Unique ZIP Name
SSA State County Code23430
Medicare CBSA Code47664
Medicare CBSA NameWarren-Troy-Farmington Hills, MI
Medicare CBSA TypeMetro
Market Rating Area ID5
County Mixed CaseLapeer

Michigan Homeowners Insurance News & Information

  • Homeowners in Florida Finally See Relief From Higher Insurance Costs Posted on Wednesday 27th August, 2025

    According to a recent Realtor.com article, homeowners in Florida, at least some of them, may finally seem some relief from higher homeowner insurance costs.  Florida Peninsula Insurance which is one of the largest private party property insurers recently announced that it is hoping to significantly lower premiums for roughly 170,000 policyholders.  Florida Peninsula has filed […]

  • How can I lower my homeowners insurance rate? Posted on Monday 18th August, 2025

    According to a recent report from the National Association of Realtors, homeowner insurance premiums have jumped up 10% since last year which follows a similar increase in 2023. Premium increases were even higher in states where severe weather and wildfires were more common.  In a recent AOL.com article, Paul Burns commented on how he had […]

  • 5 Perils Not Covered by Homeowners Insurance Posted on Tuesday 29th July, 2025

    Homeowners insurance is an absolute necessity to protect your home and its contents. If you have a mortgage on your home, it is also required. While homeowners insurance offers plenty of protection, there are gaps in coverage that you should be aware of because they can lead to massive out of pocket costs if you […]