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49512, MI Homeowners Insurance Rates
With a population size of 18,558 and with 7,724 occupied homes in the 49512 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Grand Rapids, MI are around $770 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Grand Rapids, Michigan. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-855-976-2656 so we can help you review rates today!
It's important to know that if your Michigan home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Grand Rapids, MI.
For Michigan home insurance information, including average Grand Rapids home insurance rates, coverage options or the different homeowners insurance types, please select Grand Rapids, MI Home Insurance Quotes Now!
49512 Home Insurance Average Premiums
For the 49512, 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) | $520 /yr. |
Average Coverage: | $770 /yr. |
2600 sq. ft. or higher (all discounts applied) | $1070 /yr. |
What is the average home insurance cost for a home in 49512?
- • The average homeowners insurance premium paid annually for a home in 49512 is around $770 per year.
What does it cost on average per month for home insurance in 49512?
- • Homeowners in 49512 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 49512?
- • Autoowners in 49512 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 49512.
Review average rates in another zip code:
49525 homeowners insurance rates
49512 homeowners insurance rates
49505 homeowners insurance rates
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49544 homeowners insurance rates
49503 homeowners insurance rates
49504 homeowners insurance rates
49546 homeowners insurance rates
49507 homeowners insurance rates
49508 homeowners insurance rates
Home Replacement Cost Coverage in 49512
Average Building Cost Per Square Foot in 49512: $132
Location: Grand Rapids, Michigan (Kent County)Average Square Footage in 49512: 1,711 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 49512 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 49512 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 49512 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,711 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 Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
---|---|---|---|
Basic Home Features | $132 | 1,711 | $225,800 |
Additional Upgrades & Added Features | $165 | 1,711 | $282,250 |
Major Home Updates or Advancements | $198 | 1,711 | $338,700 |
It's important to understand that when you estimate your replacement cost of your home in the 49512 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 49512
Arms Malcolm Agency
Address: 3624 29th Street Southeast Suite B Grand Rapids, MI 49512Phone: (616)954-9896
Website: www.armsinsurance.com
Doyle & Ogden
Address: 3230 Broadmoor Ave SE Grand Rapids, MI 49512Phone: (616)949-9000
Website: www.doyle-ogden.com
Arms-Malcom Ins
Address: 3624-B 29th Street Southeast Grand Rapids, MI 49512Phone: (616)954-9914
Website:
BAAS Ted J Insurance
Address: 3230 Broadmoor Avenue Southeast Grand Rapids, MI 49512Phone: (616)949-9000
Website:
Best Home & Auto Insurance Agencies in 49512
Allstate Insurance Company - Corey Gouin
Address: 4240 29th St SE Grand Rapids, MI 49512Phone:
Website: http://www.allstateagencies.com/057697?cid=OTC-YP.com-IYP&att=TL
Info:
Chad Kerr Ins Agcy Inc - State Farm Insurance Agent
Address: 2440 28th St SE Grand Rapids, MI 49512Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
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Arms-Malcom Ins
Address: 3624 29th St SE Grand Rapids, MI 49512Phone:
Website:
Info:
Blue Cross Blue Shield
Address: 5540 Glenwood Hills Pky SE Grand Rapids, MI 49512Phone:
Website:
Info:
Janice Campbell-Farmers Insurance
Address: 3835 28th St SE, #106 Grand Rapids, MI 49512Phone:
Website:
Info:
Housing Demographics for 49512
Population Review for 49512 Zip Code
For the city of Grand Rapids, the population within 49512 has increased to over 19,260 residents in population size. The current population total is 18,558. We have broken down the population based on race below. In 49512, there are over 9183 in male population and 9375 females.
Population | Values |
---|---|
Total Population | 18,558 |
White Population | 10518 |
Black Population | 3669 |
Hispanic Population | 1600 |
Asian Population | 2210 |
Hawaiian Population | 4 |
Indian Population | 85 |
Other Population | 689 |
Male Population | 9183 |
Female Population | 9375 |
Population Estimate | 19260 |
Household Data for 49512
The average number of homes in 49512 is around 7,724, there are an average of 2.27 per household. The average house value according to local real estate values is around $225,800. Please review the following demographics below for average income and media age.
Housing / Income Data | Values |
---|---|
Households Per Zipcode | 7,724 |
Persons Per Household | 2.27 |
Average House Value | $225,800 |
Income Per Household | $55346 |
Median Age | 32.9 |
Median Age Male | 31.3 |
Median Age Female | 34.8 |
49512 Details | Values |
---|---|
State | MI |
State Full Name | Michigan |
City Type | P |
City Alias Abbreviation | |
Area Code | 616 |
City | Grand Rapids |
City Alias Name | GRAND RAPIDS |
County | Kent |
County FIPS | 081 |
State FIPS | 26 |
Time Zone | 5 |
Day Light Saving | Y |
MSA | 3000 |
PMSA | |
CSA | 266 |
CBSA | 24340 |
CBSA_DIV | |
CBSA_Type | Metro |
CBSA_Name | Grand Rapids-Wyoming-Kentwood, MI |
MSA_Name | Grand Rapids-Muskegon-Holland, MI MSA |
PMSA_Name | |
Region | Midwest |
Division | East North Central |
MailingName | Y |
Economic & Growth Review | Values |
---|---|
Number Of Businesses | 1354 |
Number Of Employees | 54230 |
Business First Quarter Payroll | 682362 |
Business Annual Payroll | 2942494 |
Business Employment Flag | |
Growth Rank | 0 |
Growth Housing Units 2003 | |
Growth Housing Units 2004 | |
Growth Increase Number | 0 |
Growth Increase Percentage | 0.0 |
Metropolitan Details | Values |
---|---|
CBSA Population | 774160 |
CBSA Division Population | 0 |
Congressional District | 02|03 |
Congressional LandArea | 3281.19|2628.74 |
Delivery Residential | 8485 |
Delivery Business | 1595 |
Delivery Total | 9761 |
Preferred Last Line Key | Y11979 |
Classification Code | |
Multi-County | |
CSA Name | Grand Rapids-Wyoming, MI |
CBSA_DIV_Name | |
City State Key | Y11979 |
Land Area | 23.016000 |
Water Area | 0.275000 |
City Alias Code | |
City Mixed Case | Grand Rapids |
City Alias Mixed Case | Grand Rapids |
Box Count | 0 |
SFDU | 3098 |
MFDU | 3704 |
State ANSI | 26 |
County ANSI | 081 |
ZIP Intro | |
Alias Intro | |
Facility Code | P |
City Delivery Indicator | Y |
Carrier Route Rate Sortation | D |
Finance Number | 253920 |
Unique ZIP Name | |
SSA State County Code | 23400 |
Medicare CBSA Code | 24340 |
Medicare CBSA Name | Grand Rapids-Kentwood, MI |
Medicare CBSA Type | Metro |
Market Rating Area ID | 12 |
County Mixed Case | Kent |
Michigan Homeowners Insurance News & Information
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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 […]
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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 […]
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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 […]