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Compare 49507 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Grand Rapids just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 12,796 neighbors looking to save on their home insurance policy in the local 49507 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 49507. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Michigan rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Grand Rapids, MI home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Grand Rapids, MI

49507 Home Insurance Average Premiums

Local 49507 homeowners insurance quotes comparison

$521 /yr.

Shows Zip Code: 49507 lowest rates with discounts applied on average.

For the 49507, 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 49507?

  • • The average homeowners insurance premium paid annually for a home in 49507 is around $771 per year.

What does it cost on average per month for home insurance in 49507?

  • • Homeowners in 49507 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 49507?

  • • Autoowners in 49507 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 49507.
Review average rates in another zip code:
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Home Replacement Cost Coverage in 49507

Average Building Cost Per Square Foot in 49507: $132

Location: Grand Rapids, Michigan (Kent County)

Average Square Footage in 49507: 1,028 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 49507 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 49507 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 49507 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,028 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$1321,028$135,700
Additional Upgrades & Added Features$1651,028$169,625
Major Home Updates or Advancements$1981,028$203,550

It's important to understand that when you estimate your replacement cost of your home in the 49507 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 49507

Best Home & Auto Insurance Agencies in 49507

Nationwide Insurance & Finance

Address: 2435 Eastern Ave SE Grand Rapids, MI 49507
Phone:
Website:
Info:

Best Buy Insurance Agency Inc

Address: 2421 Eastern Ave SE Grand Rapids, MI 49507
Phone:
Website: http://www.bestbuyins.com
Info:

Allstate Insurance Companies - Sales Offices- Grand Rapids

Address: 2435 Eastern Ave SE, #101 Grand Rapids, MI 49507
Phone:
Website: http://www.allstate.com
Info: Allstate Car Insurance Quotes, Home Insurance, Financial Products and More
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Housing Demographics for 49507

Population Review for 49507 Zip Code

For the city of Grand Rapids, the population within 49507 has increased to over 38,210 residents in population size. The current population total is 38,137. We have broken down the population based on race below. In 49507, there are over 18660 in male population and 19477 females.

PopulationValues
Total Population38,137
White Population12478
Black Population13467
Hispanic Population11811
Asian Population373
Hawaiian Population11
Indian Population556
Other Population7082
Male Population18660
Female Population19477
Population Estimate38210

Household Data for 49507

The average number of homes in 49507 is around 12,796, there are an average of 2.96 per household. The average house value according to local real estate values is around $135,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode12,796
Persons Per Household2.96
Average House Value$135,700
Income Per Household$47216
Median Age30.3
Median Age Male29.6
Median Age Female30.8
49507 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 Businesses432
Number Of Employees6753
Business First Quarter Payroll76220
Business Annual Payroll336785
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 Residential12909
Delivery Business714
Delivery Total13930
Preferred Last Line KeyY11979
Classification Code
Multi-County
CSA NameGrand Rapids-Wyoming, MI
CBSA_DIV_Name
City State KeyY11979
Land Area5.540000
Water Area0.000000
City Alias Code
City Mixed CaseGrand Rapids
City Alias Mixed CaseGrand Rapids
Box Count0
SFDU12074
MFDU744
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 […]