Tip 1: Compare Rates from New Hope, MN Homeowner Insurance Providers

Compare Quotes from Top Providers and Save now!

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

Read New Hope, MN Home Insurance Reviews before buying

Tip 2: Optimize Deductibles based on New Hope, MN Home Insurance Claims

Illustrative New Hope, MN Homeowners Insurance Savings based on sample claims & choosing high deductibles.

  • House Details: 4 Beds, 3 Baths 3090 sqft Rental Property Constructed In 1987 Carpet Flooring, Metal Roof, Slab Foundation, Stone Siding, Stucco Construction
  • Coverage: $333,500
  • Typical New Hope, MN Claim Details: $3,000 for Water Damage filed once in 8 years
Low DeductibleHigh Deductible
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

Tip 3: Insure based on New Hope Home Replacement Costs

Example New Hope, MN home risks & impact of not choosing replacement value.

  • Home Near Decatur Pl N, 46 1/2 Ave N, 44th Cir N, 47th 1/2 Pl N, Fairview Ave, del Dr N, Virginia Cir N, 47 1/2 Ave N, Fairview Ave N, Independence Ave.
  • Home Value: $201,400
  • Insurance Based on Home Value: $1,925
Scenario Woodbridge, NJ Home Replacement Value MORE than Home Value Woodbridge, NJ 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 Risk Exposure from Under Insuring Coverage is $30,000 Unnecessary Home Insurance Coverage of $36,500
Premium Impact Insurance cheaper by $275/year Insurance costlier by $350/year

Example New Hope, MN Home Replacement Cost Estimates

Home Located Near Square Feet Estimated Home Replacement Value
27th Pl, 40 1/2 Ave N, Hillsboro Pl, Elm Grove Ln, Boone Pl N, Hillsboro Cir N, N Meadow Lake Rd, Wisconsin Cir N, Saint Raphael Dr, 33rd Pl N2,300$230,000
61st Avenue Cir N, Flag Ct N, 47th 1/2 Pl N, Sumter Pl N, Independence Ave, Gettysburg Cir N, Elm Grove Ave, Northwood Cir, 36 1/2 Cir N, Boone Cir N2,500$200,000
32nd Cir N, Independence Ave, 46 1/2 Ave N, W Research Center Rd, Terra Linda Dr, Valle Vista St, W Meadow Lake Rd, 61st Ave, International Pkwy, Gettysburg Ct N2,200$209,000
Independence Cir N, Aquila Cir, 35th 1/2 Ave N, Boone Cir, Independence Ave, Maryland Ave, 59 1/2 Ave N, Lamphere Dr, 45 1/2 Ave, Hillsboro Ct N2,700$243,000
Ensign Ct N, Northwood Pkwy, Hopewood Ln, Flag Cir N, 60 1/2 Ave N, Decatur Pl N, Flag Ave, Boone Cir N, Virginia Cir N, 38th Ave2,000$160,000
Allen Cir, 38 1/2 Ave N, 47 1/2 Ave N, Alice Way, 32nd Pl N, Elm Grove Ct, Ensign Cir, del Dr N, 44th Cir N, Winpark Dr1,200$120,000
Jordan Ave N, Decatur Ct N, 34th 1/2 Ave N, Science Center Dr, E Meadow Lake Rd, Viewcrest Ln, 48th Cir N, 611/2 Ave N, Fairview Ave N, Fairview Ave3,000$375,000
Lombardy Ln, E Research Center Rd, 32nd Ct N, Meadow Lake Pl, Rosalyn Ct, Angeline Dr2,600$325,000