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49506 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 49506? There are over 12,429 occupied homes in the 49506 area. With a population size of 33,050, it's not uncommon for residence of Grand Rapids, MI to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Michigan is around $771 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 49506 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: Grand Rapids, MI Home Insurance Rate Quotes

49506 Home Insurance Average Premiums

Local 49506 homeowners insurance quotes comparison

$521 /yr.

Shows Zip Code: 49506 lowest rates with discounts applied on average.

For the 49506, 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)		$521 /yr.
Average Coverage:$771 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1071 /yr.

What is the average home insurance cost for a home in 49506?

  • • The average homeowners insurance premium paid annually for a home in 49506 is around $771 per year.

What does it cost on average per month for home insurance in 49506?

  • • Homeowners in 49506 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 49506?

  • • Autoowners in 49506 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 49506.
Review average rates in another zip code:
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49504 homeowners insurance rates

Home Replacement Cost Coverage in 49506

Average Building Cost Per Square Foot in 49506: $132

Location: Grand Rapids, Michigan (Kent County)

Average Square Footage in 49506: 2,056 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 49506 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 49506 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 49506 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,056 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$1322,056$271,400
Additional Upgrades & Added Features$1652,056$339,250
Major Home Updates or Advancements$1982,056$407,100

It's important to understand that when you estimate your replacement cost of your home in the 49506 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 49506

Allstate Insurance - Shannon Gerkin

Address: 2504 Ardmore St Se Grand Rapids, MI 49506
Phone: (616)956-6975
Website: www.allstatetoolkit.com/clicks_rate.asp?MB_ID=16260

Allstate Insurance - Deborah Poff

Address: 2504 Ardmore Se Grand Rapids, MI 49506
Phone: (616)956-6975
Website:

Peter GOSS Insurance Agency

Address: 1500 East Beltline Avenue Southeast Suite 205 Grand Rapids, MI 49506
Phone: (616)940-0520
Website:

First Security Insurance Agency Inc

Address: 300 East Beltline Avenue Northeast Grand Rapids, MI 49506
Phone: (616)949-8909
Website:

Scott Slocum Agency

Address: 2165 Wealthy St SE Grand Rapids, MI 49506
Phone: (616)356-2031
Website:

Best Home & Auto Insurance Agencies in 49506

First Security Insurance Agency Inc

Address: 300 E Beltline Ave NE Grand Rapids, MI 49506
Phone:
Website:
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Jeffrey Lake-Farmers Insurance

Address: 1136 Wealthy St SE Grand Rapids, MI 49506
Phone:
Website: http://www.farmersagent.com/jlake/
Info:

Robert J Barrera Ins Agcy Inc - State Farm Insurance Agent

Address: 2750 Birchcrest Drive Southeast Indian Village Center Grand Rapids, MI 49506
Phone:
Website:
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Jordan- Craig - State Farm Insurance Agent

Address: 1550 E Beltline Ave SE, #170 Grand Rapids, MI 49506
Phone:
Website:
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Peter GOSS Insurance Agency

Address: 1500 E Beltline Ave SE, #205 Grand Rapids, MI 49506
Phone:
Website:
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Housing Demographics for 49506

Population Review for 49506 Zip Code

For the city of Grand Rapids, the population within 49506 has increased to over 32,856 residents in population size. The current population total is 33,050. We have broken down the population based on race below. In 49506, there are over 15825 in male population and 17225 females.

PopulationValues
Total Population33,050
White Population25561
Black Population3853
Hispanic Population1760
Asian Population585
Hawaiian Population4
Indian Population91
Other Population673
Male Population15825
Female Population17225
Population Estimate32856

Household Data for 49506

The average number of homes in 49506 is around 12,429, there are an average of 2.59 per household. The average house value according to local real estate values is around $271,400. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode12,429
Persons Per Household2.59
Average House Value$271,400
Income Per Household$96348
Median Age34.1
Median Age Male33.3
Median Age Female35.0
49506 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 Businesses691
Number Of Employees10610
Business First Quarter Payroll113134
Business Annual Payroll494969
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 Residential12686
Delivery Business599
Delivery Total14809
Preferred Last Line KeyY11979
Classification Code
Multi-County
CSA NameGrand Rapids-Wyoming, MI
CBSA_DIV_Name
City State KeyY11979
Land Area7.280000
Water Area0.546000
City Alias Code
City Mixed CaseGrand Rapids
City Alias Mixed CaseGrand Rapids
Box Count0
SFDU11324
MFDU1040
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 […]