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56295 Homeowners Insurance Quotes & Coverage Options

For homeowners like you shopping online for home insurance quotes in the 56295 zip code it's important to know that our rates are very competitive for homeowners living in Watson, MN. Many homeowners based out of your 56295 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Minnesota licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 56295 should appear in the zip code field ready to go. For Watson, MN Homeowners Insurance Quotes nearby, we offer the best rates and service.

56295: Average Home Insurance Rates

For homeowners living in the great city of Watson, the average homeowners policy is considered high in comparison to other states. Minnesota premiums are estimated to be around $1116 per year for homeowners insurance rates. You can easily save up to 40% or more, let us help you shop multiple home insurance quotes for free.

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56295 Home Insurance Average Premiums

Local 56295 homeowners insurance quotes comparison

$866 /yr.

Shows Zip Code: 56295 lowest rates with discounts applied on average.

For the 56295, 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)		$866 /yr.
Average Coverage:$1116 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1416 /yr.

What is the average home insurance cost for a home in 56295?

  • • The average homeowners insurance premium paid annually for a home in 56295 is around $1116 per year.

What does it cost on average per month for home insurance in 56295?

  • • Homeowners in 56295 pay a monthly average cost per month around $93.00.

What kind of discount could I get if I combine my home and auto insurance together in 56295?

  • • Autoowners in 56295 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 Watson, check out other zip codes nearby 56295.
To review average rates in another zip code, click on a zip code below:
56295  | 

Home Replacement Cost Coverage in 56295

Average Building Cost Per Square Foot in 56295: $188

Location: Watson, Minnesota (Chippewa County)

Average Square Footage in 56295: 402 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 56295 before you start any project. Watson 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 56295 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 56295 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 402 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 Watson 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$188402$75,600
Additional Upgrades & Added Features$235402$94,500
Major Home Updates or Advancements$282402$113,400

It's important to understand that when you estimate your replacement cost of your home in the 56295 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 56295

Best Home & Auto Insurance Agencies in 56295

Housing Demographics for 56295

Population Review for 56295 Zip Code

For the city of Watson, the population within 56295 has increased to over 238 residents in population size. The current population total is 290. We have broken down the population based on race below. In 56295, there are over 147 in male population and 143 females.

PopulationValues
Total Population290
White Population270
Black Population2
Hispanic Population6
Asian Population1
Hawaiian Population9
Indian Population0
Other Population4
Male Population147
Female Population143
Population Estimate238

Household Data for 56295

The average number of homes in 56295 is around 131, there are an average of 2.21 per household. The average house value according to local real estate values is around $75,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode131
Persons Per Household2.21
Average House Value$75,600
Income Per Household$55000
Median Age40.5
Median Age Male40.9
Median Age Female38.4
56295 DetailsValues
StateMN
State Full NameMinnesota
City TypeP
City Alias Abbreviation
Area Code320
CityWatson
City Alias NameWATSON
CountyChippewa
County FIPS023
State FIPS27
Time Zone6
Day Light SavingY
MSA
PMSA
CSA
CBSA
CBSA_DIV
CBSA_Type
CBSA_Name
MSA_Name
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses11
Number Of Employees26
Business First Quarter Payroll86
Business Annual Payroll1536
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District07
Congressional LandArea33429.31
Delivery Residential108
Delivery Business3
Delivery Total144
Preferred Last Line KeyY26638
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY26638
Land Area22.625000
Water Area3.538000
City Alias Code
City Mixed CaseWatson
City Alias Mixed CaseWatson
Box Count26
SFDU100
MFDU8
State ANSI27
County ANSI023
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number269635
Unique ZIP Name
SSA State County Code24110
Medicare CBSA Code99924
Medicare CBSA NameRural Areas in MN
Medicare CBSA TypeMicro
Market Rating Area ID5
County Mixed CaseChippewa

Minnesota Homeowners Insurance News & Information

  • Homeowners in Florida Finally See Relief From Higher Insurance Costs Posted on Wednesday 27th August, 2025

    According to a recent Realtor.com article, homeowners in Florida, at least some of them, may finally seem some relief from higher homeowner insurance costs.  Florida Peninsula Insurance which is one of the largest private party property insurers recently announced that it is hoping to significantly lower premiums for roughly 170,000 policyholders.  Florida Peninsula has filed […]

  • How can I lower my homeowners insurance rate? Posted on Monday 18th August, 2025

    According to a recent report from the National Association of Realtors, homeowner insurance premiums have jumped up 10% since last year which follows a similar increase in 2023. Premium increases were even higher in states where severe weather and wildfires were more common.  In a recent AOL.com article, Paul Burns commented on how he had […]

  • 5 Perils Not Covered by Homeowners Insurance Posted on Tuesday 29th July, 2025

    Homeowners insurance is an absolute necessity to protect your home and its contents. If you have a mortgage on your home, it is also required. While homeowners insurance offers plenty of protection, there are gaps in coverage that you should be aware of because they can lead to massive out of pocket costs if you […]