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Compare 55114 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Saint Paul just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 2,654 neighbors looking to save on their home insurance policy in the local 55114 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 55114. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Minnesota 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 Saint Paul, MN 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 Saint Paul, MN

55114 Home Insurance Average Premiums

Local 55114 homeowners insurance quotes comparison

$846 /yr.

Shows Zip Code: 55114 lowest rates with discounts applied on average.

For the 55114, 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)
$846 /yr.
Average Coverage:$1096 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1396 /yr.

What is the average home insurance cost for a home in 55114?

  • • The average homeowners insurance premium paid annually for a home in 55114 is around $1096 per year.

What does it cost on average per month for home insurance in 55114?

  • • Homeowners in 55114 pay a monthly average cost per month around $91.00.

What kind of discount could I get if I combine my home and auto insurance together in 55114?

  • • Autoowners in 55114 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 Saint Paul area, check out other zip codes nearby 55114.
Review average rates in another zip code:
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Home Replacement Cost Coverage in 55114

Average Building Cost Per Square Foot in 55114: $188

Location: Saint Paul, Minnesota (Ramsey County)

Average Square Footage in 55114: 1,328 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 55114 before you start any project. Saint Paul homeowners pay on average around $188 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 55114 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 55114 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,328 sq. ft. and the average cost to rebuild the home in this area is around $188 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 Saint Paul 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$1881,328$249,700
Additional Upgrades & Added Features$2351,328$312,125
Major Home Updates or Advancements$2821,328$374,550

It's important to understand that when you estimate your replacement cost of your home in the 55114 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 55114

Best Home & Auto Insurance Agencies in 55114

Housing Demographics for 55114

Population Review for 55114 Zip Code

For the city of Saint Paul, the population within 55114 has increased to over 6,682 residents in population size. The current population total is 5,012. We have broken down the population based on race below. In 55114, there are over 2517 in male population and 2495 females.

PopulationValues
Total Population5,012
White Population2633
Black Population1338
Hispanic Population184
Asian Population644
Hawaiian Population0
Indian Population28
Other Population85
Male Population2517
Female Population2495
Population Estimate6682

Household Data for 55114

The average number of homes in 55114 is around 2,654, there are an average of 1.85 per household. The average house value according to local real estate values is around $249,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,654
Persons Per Household1.85
Average House Value$249,700
Income Per Household$63651
Median Age29.1
Median Age Male29.6
Median Age Female28.5
55114 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code651
CitySaint Paul
City Alias NameSAINT PAUL
CountyRamsey
County FIPS123
State FIPS27
Time Zone6
Day Light SavingY
MSA5120
PMSA
CSA378
CBSA33460
CBSA_DIV
CBSA_TypeMetro
CBSA_NameMinneapolis-St. Paul-Bloomington, MN-WI
MSA_NameMinneapolis-St. Paul, MN-WI MSA
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses586
Number Of Employees12610
Business First Quarter Payroll208505
Business Annual Payroll883364
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population3279833
CBSA Division Population0
Congressional District04
Congressional LandArea332.49
Delivery Residential3612
Delivery Business807
Delivery Total5587
Preferred Last Line KeyY26254
Classification Code
Multi-County
CSA NameMinneapolis-St. Paul, MN-WI
CBSA_DIV_Name
City State KeyY26254
Land Area1.326000
Water Area0.030000
City Alias Code
City Mixed CaseSaint Paul
City Alias Mixed CaseSaint Paul
Box Count66
SFDU435
MFDU3101
State ANSI27
County ANSI123
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number268360
Unique ZIP Name
SSA State County Code24610
Medicare CBSA Code33460
Medicare CBSA NameMinneapolis-St. Paul-Bloomington, MN-WI
Medicare CBSA TypeMetro
Market Rating Area ID8
County Mixed CaseRamsey

Minnesota Homeowners Insurance News & Information

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    Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]

  • 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 […]