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New Hope, MN Home Values & Insurance Rates

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

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

Example New Hope Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Chubb Group of InsuranceAllstateTravelers
Monthly Premium 14529391
Year Built 196319711982
Home Details 3 Beds, 2 Baths5 Beds, 2 Baths2 Beds, 1 Baths
Coverage Amount $200000-$250000$400000-$500000$125000-$150000
Deductible $500- $1000 Deductible$500- $1000 Deductible$500 Deductible

Top Home Insurance Agents Near New Hope, MN

Home Insurance Company Near New Hope, MN Homeowners Insurance Agency Near New Hope, MN Address Distance from New Hope, MN (miles)
Allstate Mary E. Prosser 4900 Highway 169 N Ste 110, New Hope, MN, 55428 0.8
Farmers Michael Halonen 600 Twelve Oaks Center Dr Ste 101, Wayzata, MN, 55391 6.1
Wiser Insurance Agency 2345 Commerce Blvd , Mound, MN, 55364 15.3
Insurance Brokers Of Mn, Inc. 1650 11Th Ave Sw Ste 205 Forest Lake, Forest Lake, MN, 55025 24.5
Choice Insurance Agency, Inc. 419 3Rd St Se Osseo, Minnetonka, MN, 55369 5.6


Estimated Home Insurance By Street Area Near New Hope, MN

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

New Hope, MN Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,400$2,400
Yearly New Hope Homeowner Insurance Premium Example $2,300$2,100
Out of Pocket Expense During Claim$1,400$2,400
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $19,800$19,200
Net Savings to New Hope Home Owner from High Deductible Plan $600

New Hope, MN Home Insurance Costs With Home Replacement Value Scenarios

Scenario New Hope, MN Home Replacement Value MORE than Home Value New Hope, MN Home Replacement Value LESS than Home Value
Replacement Value $231,500 $165,000
Insurance Premium based on Replacement Value $2,200 $1,575
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $36,500 Risk Exposure from Under Insuring Coverage is $30,000
Premium Impact Insurance cheaper by $275/year Insurance costlier by $350/year