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55388 Homeowners Insurance Quotes & Coverage Options
If you are looking to lower the cost of your homeowners insurance policy you have come to the right place. We have helped thousands of shoppers in 55388 zip code find a great new policy that offers the coverage they need at a price they can afford.
GetHomeInsuranceQuotes.com makes shopping for a new policy in Watertown, MN quick and easy. Our rates are super competitive and our agents can advise you on what coverages you need in 55388.
Shopping for insurance quotes on GetHomeInsuranceQuotes.com is always free and we will provide you with a free consultation to answer any questions you may have about coverages and rates.
If you are ready to start shopping for a great policy simply click the "Get Multiple Quotes Now" button, enter 55388 and start shopping.
Quickly and Easily Compare Average Rates for 55388
You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Watertown, MN home insurance quotes in your local city and review the most competitive coverages and premiums.
Average Policy Rates in 55388
Homeowners in Watertown are paying roughly $1064 per year for a homeowners policy. We can help you shave up to 40 percent off of your current homeowners premium. Get started now and shop up to 12 insurance quotes from nationwide insurers right now.
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55388 Home Insurance Average Premiums
$814 /yr.
Shows Zip Code: 55388 lowest rates with discounts applied on average.
For the 55388, 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) | $814 /yr. |
| Average Coverage: | $1064 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1364 /yr. |
What is the average home insurance cost for a home in 55388?
- • The average homeowners insurance premium paid annually for a home in 55388 is around $1064 per year.
What does it cost on average per month for home insurance in 55388?
- • Homeowners in 55388 pay a monthly average cost per month around $89.00.
What kind of discount could I get if I combine my home and auto insurance together in 55388?
- • Autoowners in 55388 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.
You can easily shop and compare home insurance rates within Watertown, check out other zip codes nearby 55388.
To review average rates in another zip code, click on a zip code below:
55388 |
Home Replacement Cost Coverage in 55388
Average Building Cost Per Square Foot in 55388: $188
Location: Watertown, Minnesota (Carver County)Average Square Footage in 55388: 1,419 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 55388 before you start any project. Watertown 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 55388 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 55388 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,419 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 Watertown 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 | $188 | 1,419 | $266,700 |
| Additional Upgrades & Added Features | $235 | 1,419 | $333,375 |
| Major Home Updates or Advancements | $282 | 1,419 | $400,050 |
It's important to understand that when you estimate your replacement cost of your home in the 55388 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 55388
Best Home & Auto Insurance Agencies in 55388
American Family Insurance
Address: 201 Lewis Ave S Watertown, MN 55388Phone:
Website:
Info:
Housing Demographics for 55388
Population Review for 55388 Zip Code
For the city of Watertown, the population within 55388 has increased to over 5,649 residents in population size. The current population total is 5,984. We have broken down the population based on race below. In 55388, there are over 2981 in male population and 3003 females.
| Population | Values |
|---|---|
| Total Population | 5,984 |
| White Population | 5593 |
| Black Population | 59 |
| Hispanic Population | 141 |
| Asian Population | 24 |
| Hawaiian Population | 0 |
| Indian Population | 10 |
| Other Population | 63 |
| Male Population | 2981 |
| Female Population | 3003 |
| Population Estimate | 5649 |
Household Data for 55388
The average number of homes in 55388 is around 2,213, there are an average of 2.67 per household. The average house value according to local real estate values is around $266,700. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 2,213 |
| Persons Per Household | 2.67 |
| Average House Value | $266,700 |
| Income Per Household | $93145 |
| Median Age | 39.3 |
| Median Age Male | 39.1 |
| Median Age Female | 39.5 |
| 55388 Details | Values |
|---|---|
| State | MN |
| State Full Name | Minnesota |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 952 |
| City | Watertown |
| City Alias Name | WATERTOWN |
| County | Carver |
| County FIPS | 019 |
| State FIPS | 27 |
| Time Zone | 6 |
| Day Light Saving | Y |
| MSA | 5120 |
| PMSA | |
| CSA | 378 |
| CBSA | 33460 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Minneapolis-St. Paul-Bloomington, MN-WI |
| MSA_Name | Minneapolis-St. Paul, MN-WI MSA |
| PMSA_Name | |
| Region | Midwest |
| Division | West North Central |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 171 |
| Number Of Employees | 932 |
| Business First Quarter Payroll | 9049 |
| Business Annual Payroll | 45127 |
| 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 | 3279833 |
| CBSA Division Population | 0 |
| Congressional District | 03|06 |
| Congressional LandArea | 527.05|2882.22 |
| Delivery Residential | 2116 |
| Delivery Business | 53 |
| Delivery Total | 3496 |
| Preferred Last Line Key | Y26634 |
| Classification Code | |
| Multi-County | Y |
| CSA Name | Minneapolis-St. Paul, MN-WI |
| CBSA_DIV_Name | |
| City State Key | Y26634 |
| Land Area | 37.645000 |
| Water Area | 1.763000 |
| City Alias Code | |
| City Mixed Case | Watertown |
| City Alias Mixed Case | Watertown |
| Box Count | 312 |
| SFDU | 1835 |
| MFDU | 62 |
| State ANSI | 27 |
| County ANSI | 019 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | N |
| Carrier Route Rate Sortation | D |
| Finance Number | 269620 |
| Unique ZIP Name | |
| SSA State County Code | 24090 |
| Medicare CBSA Code | 33460 |
| Medicare CBSA Name | Minneapolis-St. Paul-Bloomington, MN-WI |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 8 |
| County Mixed Case | Carver |
Minnesota Homeowners Insurance News & Information
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Texas Homeowner Insurance Claims Were Closed Without Any Payment Posted on Monday 14th July, 2025
According to a recent study that was reported on in the Houston Chronicle, almost half of all Texas homeowner insurance claims were closed without any payment to the homeowner. A company called Weiss Ratings was in charge of the study and they found that 47% of claims filed by Texas homeowners have been closed by […]
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What causes North Carolina home insurance to go up? Posted on Monday 7th July, 2025
A homeowner in North Carolina was greeted with a nasty surprise this year, a 41% increase in his insurance premium. On average, homeowners in North Carolina saw a rate jump of 7.5% on June 1st due to a settlement reached by the North Carolina Department of Insurance but this certainly doesn’t explain a 41% increase. Doug Corkhill is […]
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Is the U.S. Home Buying Market Going to Drop in 2025? Posted on Friday 4th July, 2025
A recent report from the Harvard Joint Center for Housing Studies found that U.S. homebuying has dropped to its lowest levels since the mid-1990s. The report, The State of the Nation’s Housing 2025 blames record high real estate prices combined with higher interests for the drop in home sales. While high home prices and elevated interest rates […]