New Hope Insurance Rates:

New Hope, MN home insurance is about $876 to $1,190, about $73-$99/month. Our complete research indicates shoppers can save upto $413 by comparing multiple quotes

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New Hope Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Chubb Group of Insurance
Home Insurance Rate of $420/5 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $195,000

3 Beds, 3 Baths 1440 sqft Primary Residence Constructed In 1979 with Stone Flooring, Shingles Roof, Slab Foundation, Brick siding, Wood Frame. Home Features Include Indoor Sprinklers, Copper Water Pipes, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

44 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $590/5 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $195,000

4 Beds, 4 Baths 2120 sqft Rental Property Constructed In 1973 with Stone Flooring, Asphalt Shingles Roof, Chainwall Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Smoke Alarm, Fire Extinguisher, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

68 Years old Single Female who has a Full Time Job with household income of $25-50,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $510/5 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $340,000

4 Beds, 4 Baths 2710 sqft Vacation Property Constructed In 1981 with Ceramic Tile Flooring, Tile Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

49 Years old Married Male who has a Full Time Job with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $920/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $270,000

4 Beds, 4 Baths 2910 sqft Primary Residence Constructed In 1989 with Ceramic Tile Flooring, Tile Roof, Crawl Space Foundation, Stone Siding, Stucco Construction. Home Features Include Fireplace, Copper Water Pipes, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

64 Years old Single Male who has a Full Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $590/5 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $205,000

4 Beds, 4 Baths 1730 sqft Rental Property Constructed In 1975 with Wood Flooring, Slate Shingles Roof, Crawl Space Foundation, Stucco siding, Wood Frame. Home Features Include Copper Water Pipes, Swimming Pool, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

66 Years old Married Female who is Retired with household income of less than $25,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $660/5 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $285,000

5 Beds, 5 Baths 3090 sqft Rental Property Constructed In 1981 with Stone Flooring, Wood Shake Roof, Slab Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Swimming Pool, Fire Extinguisher, Fireplace, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

70 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $520/7 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $185,000

5 Beds, 5 Baths 1630 sqft Rental Property Constructed In 1987 with Stone Flooring, Tile Roof, Piers Foundation, Stucco siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Indoor Sprinklers, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

64 Years old Single Male who has a Full Time Job with household income of more than $150,000 and has 3 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $480/7 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $155,000

3 Beds, 3 Baths 1450 sqft Rental Property Constructed In 1962 with Carpet Flooring, Metal Roof, Crawl Space Foundation, Brick siding, Brick Frame. Home Features Include Central Air Conditioning, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Divorced Male who has a Full Time Job with household income of more than $150,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $330/2 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $265,000

4 Beds, 4 Baths 2010 sqft Primary Residence Constructed In 1969 with Linoleum, Asphalt Shingles Roof, Slab Foundation, Brick siding, Brick Frame. Home Features Include Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

33 Years old Married Female who is a Freelancer with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1300/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $245,000

4 Beds, 4 Baths 2150 sqft Vacation Property Constructed In 1980 with Hardwood Flooring, Tile Roof, Chainwall Foundation, Stucco siding, Stucco Construction. Home Features Include Smoke Alarm, Central Air Conditioning, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Divorced Male who is a Freelancer with household income of $50-$75,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $360/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

4 Beds, 4 Bath 1880 sqft Rental Property Constructed In 1983 with Hardwood Flooring, Metal Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Smoke Alarm, Swimming Pool, Central Air Conditioning, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Single Female who is Unemployed and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

New Hope Rates & Quotes Analysis:

New Hope Area Estimated House Insurance
47th 1/2 Pl N, Maryland Ave, Virginia Cir N, 46 1/2 Ave N, Decatur Pl N, Allen Cir, Terra Linda Dr, Boone Cir N, 61st Ave, 33rd Pl N$1,036
32nd Pl N, 38th Ave, 59 1/2 Ave N, Elm Grove Ave, Independence Cir N, Lombardy Ln, 32nd Cir N, 45 1/2 Ave, E Research Center Rd, Science Center Dr$1,044
Jordan Ave N, 32nd Ct N, Gettysburg Cir N, Boone Cir N, 61st Avenue Cir N, Fairview Ave N, 48th Cir N, 27th Pl, Elm Grove Ln, 60 1/2 Ave N$1,023
611/2 Ave N, Hillsboro Ct N, Northwood Pkwy, Northwood Cir, Independence Ave, Hopewood Ln, Rosalyn Ct, Lamphere Dr, Flag Cir N, Hillsboro Pl$1,049
Boone Cir, 38 1/2 Ave N, Viewcrest Ln, W Research Center Rd, Wisconsin Cir N, W Meadow Lake Rd, 47 1/2 Ave N, Decatur Ct N, Sumter Pl N, Aquila Cir$1,031

Insurance rates are influenced by a number of factors including:

  • Year Built: 985 Homes (11% of total homes ) built between 1950 to 1959 in New Hope are paying home insurance between $1,943-$1,959. Places close to New Hope, MN such as Medicine Lake, Golden Valley, Plymouth are more expensive by $525, $73, $105 respectively while Crystal and Robbinsdale are cheaper by $27 and $20 respectively for similar homes.
  • Bedrooms: 2,234 2 bedrooms homes (26% of total homes ) in New Hope are paying about $672 and varies from Medicine Lake (+$181), Golden Valley (+$25), Plymouth (+$36), Crystal (-$9) and Robbinsdale (-$7).
  • Auto Insurance Bundling: 903 Households (19% of all households) in New Hope have 3 or more vehicles available and when it is bundled with home insurance you can save $258 compared to Crystal ($254), Robbinsdale ($255), Medicine Lake ($328).
  • Senior Discounts: 2,327 seniors (more than 55 years) occupied housing units (49% of total) in New Hope get discounts between $154 to $157 compared to Crystal ($152), Robbinsdale ($153), Medicine Lake ($196).
  • New Homes discounts: New homes such as the 1,544 homes built between 2000 to 2009 in New Hope can save $206 and similar new home insurance discounts in nearby towns and cities like Crystal, Robbinsdale and Medicine Lake are $203, $204 and $262 respectively.

New Hope Homeowners insurance Facts

  • New Hope, MN has 4,748 owner occupied houses which is 56.3% of all units whereas Crystal, Robbinsdale and Medicine Lake have 73.54%, 70.99% and 64.29% respectively.
  • New Hope, MN homeowners yearly insurance price at $1,033 is 0.52% of the typical house value of $199,700 which is in contrast with 0.58% in Crystal, 0.56% at Robbinsdale & 0.19% in Medicine Lake.
  • Homeowners in New Hope, MN pay 1.88% of their income ($50,000 to $59,999) in insurance whereas homeowners in Crystal, Robbinsdale and Medicine Lake pay 1.85%, 1.86% and 2.39% respectively.
  • New Hope, MN’s insurance is 5.2% of monthly housing costs of $1,642/month, for owners with a mortgage compared to 5.51% in Crystal, 5.4% at Robbinsdale & 3.78% in Medicine Lake. But, for households without a mortgage, insurance is 17.1% of costs ($505 in New Hope, MN) in contrast with 18.22% in Crystal, 18.33% at Robbinsdale & 11.27% in Medicine Lake.

New Hope, MN Home Values & Insurance rates

For example, insurance for 724 Homes (15.0% of total homes ) valued between $150,000 to $174,999 in New Hope, MN is about $836. Rates in nearby areas in such as Golden Valley, Plymouth, Hennepin County are cheaper by $193, $248, $118 respectively while Crystal and Robbinsdale are costlier by $101 and $74 respectively for similar homes.

New Hope, MN Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 178 3.0% $123
$100,000 to $124,999 207 4.0% $568
$125,000 to $149,999 260 5.0% $702
$150,000 to $174,999 724 15.0% $836
$175,000 to $199,999 873 18.0% $960
$200,000 to $249,999 1,537 32.0% $1156
$250,000 to $299,999 642 13.0% $1415
$300,000 to $399,999 146 3.0% $1807

Renters Insurance in New Hope

  • Average Renters Insurance in New Hope :  $125($10/month)

  • Median Gross Rent in New Hope :  $865

  • New Hope Renters Insurance to Median Rent Ratio:  1.16%

  • Average household size of renter-occupied unit :  2.33

New Hope Renters Insurance as a Percentage of Rent

New Hope Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 152 4.0% $781
$300 to $499 154 4.0% $1231
$500 to $749 666 18.0% $1906
$750 to $999 1,512 41.0% $2656
$1,000 to $1,499 903 24.0% $3781
$1,500 or more 224 6.0% $5431

Rent Affordability in New Hope:

Approximately 46.0% (1,729) of households are spending more than 35% of their income on gross rent in New Hope

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 253 6.0%
15.0 to 19.9 percent 380 10.0%
20.0 to 24.9 percent 587 15.0%
25.0 to 29.9 percent 370 10.0%
30.0 to 34.9 percent 370 10.0%
35.0 percent or more 1,729 46.0%

Protective device discount in New Hope Up to :  $18

Claims-free discount in New Hope Up to :  $25