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49505 Home Insurance Rates & Premiums

Did you know there are over 31,444 people living within the 49505 zip code area? There are over 13,620 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 49505.

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 $764 a year for a standard homeowners insurance policy in Grand Rapids. You can find out more information about home insurance premiums, discounts and crime rate information by clicking your city below.

City: Grand Rapids, MI Homeowners Insurance Quotes Online

49505 Home Insurance Average Premiums

Local 49505 homeowners insurance quotes comparison

$514 /yr.

Shows Zip Code: 49505 lowest rates with discounts applied on average.

For the 49505, 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)		$514 /yr.
Average Coverage:$764 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1064 /yr.

What is the average home insurance cost for a home in 49505?

  • • The average homeowners insurance premium paid annually for a home in 49505 is around $764 per year.

What does it cost on average per month for home insurance in 49505?

  • • Homeowners in 49505 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 49505?

  • • Autoowners in 49505 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 Grand Rapids area, check out other zip codes nearby 49505.
Review average rates in another zip code:
49512 homeowners insurance rates
49508 homeowners insurance rates
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49534 homeowners insurance rates
49546 homeowners insurance rates
49525 homeowners insurance rates
49544 homeowners insurance rates
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49507 homeowners insurance rates
49548 homeowners insurance rates

Home Replacement Cost Coverage in 49505

Average Building Cost Per Square Foot in 49505: $132

Location: Grand Rapids, Michigan (Kent County)

Average Square Footage in 49505: 1,273 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 49505 before you start any project. Grand Rapids 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 49505 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 49505 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,273 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 Grand 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$1321,273$168,100
Additional Upgrades & Added Features$1651,273$210,125
Major Home Updates or Advancements$1981,273$252,150

It's important to understand that when you estimate your replacement cost of your home in the 49505 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 49505

B W B Insurance Agency

Address: 1553 Plainfield Avenue Northeast Grand Rapids, MI 49505
Phone: (616)364-6293
Website: www.bwbagency.com

Gould Dale Insurance Agency Inc

Address: 2100 Plainfield Avenue Northeast Grand Rapids, MI 49505
Phone: (616)364-6149
Website:

Best Home & Auto Insurance Agencies in 49505

Alexis- N Keith - State Farm Insurance Agent

Address: 1555 Diamond Ave NE Grand Rapids, MI 49505
Phone:
Website:
Info:

B W B Insurance Agency

Address: 1553 Plainfield Ave NE Grand Rapids, MI 49505
Phone:
Website: http://www.bwbagency.com
Info:

Dalgleish Thomas A Insurance

Address: 3001 Fuller Ave NE Grand Rapids, MI 49505
Phone:
Website:
Info:

O'Donnell- Michael J - State Farm Insurance Agent

Address: 1235 Fuller Ave NE Grand Rapids, MI 49505
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

Gould Dale Insurance Agency Inc

Address: 2100 Plainfield Ave NE Grand Rapids, MI 49505
Phone:
Website:
Info:

Housing Demographics for 49505

Population Review for 49505 Zip Code

For the city of Grand Rapids, the population within 49505 has increased to over 31,668 residents in population size. The current population total is 31,444. We have broken down the population based on race below. In 49505, there are over 15243 in male population and 16201 females.

PopulationValues
Total Population31,444
White Population23294
Black Population4117
Hispanic Population2273
Asian Population687
Hawaiian Population8
Indian Population171
Other Population875
Male Population15243
Female Population16201
Population Estimate31668

Household Data for 49505

The average number of homes in 49505 is around 13,620, there are an average of 2.27 per household. The average house value according to local real estate values is around $168,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode13,620
Persons Per Household2.27
Average House Value$168,100
Income Per Household$59261
Median Age35.4
Median Age Male34.2
Median Age Female36.6
49505 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code616
CityGrand Rapids
City Alias NameGRAND RAPIDS
CountyKent
County FIPS081
State FIPS26
Time Zone5
Day Light SavingY
MSA3000
PMSA
CSA266
CBSA24340
CBSA_DIV
CBSA_TypeMetro
CBSA_NameGrand Rapids-Wyoming-Kentwood, MI
MSA_NameGrand Rapids-Muskegon-Holland, MI MSA
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses505
Number Of Employees9814
Business First Quarter Payroll161559
Business Annual Payroll655972
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population774160
CBSA Division Population0
Congressional District03
Congressional LandArea2628.74
Delivery Residential13951
Delivery Business585
Delivery Total15044
Preferred Last Line KeyY11979
Classification Code
Multi-County
CSA NameGrand Rapids-Wyoming, MI
CBSA_DIV_Name
City State KeyY11979
Land Area8.756000
Water Area0.218000
City Alias Code
City Mixed CaseGrand Rapids
City Alias Mixed CaseGrand Rapids
Box Count0
SFDU10996
MFDU1367
State ANSI26
County ANSI081
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number253920
Unique ZIP Name
SSA State County Code23400
Medicare CBSA Code24340
Medicare CBSA NameGrand Rapids-Kentwood, MI
Medicare CBSA TypeMetro
Market Rating Area ID12
County Mixed CaseKent

Michigan Homeowners Insurance News & Information

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]