Find the Best Homeowners Insurance Rates & Companies in Michigan
The current average cost of homeowners insurance in Michigan is $1,527 per year or around $127.25 per month. Michigan's home insurance rates are just slightly higher than the current national average of $1,428 per year. However, home insurance is critical to protect against numerous potential financial losses caused by threats ranging from vandalism to fire damage.
Luckily, a Michigan independent insurance agent can help you get matched to the right home insurance. They can compare quotes for Michigan home insurance from many different carriers. But first, here's an overview of Michigan home insurance rates and more.
Best Homeowners Insurance Companies in Michigan
Many different carriers sell home insurance in Michigan. However, you'll understandably want to find the best coverage available. That's why we've compiled this list of a few of the best home insurance companies in Michigan for you. Start your coverage journey by checking out these top-rated carriers.
- USAA: USAA's coverage is only available to active and retired military members and their families. The carrier provides highly affordable coverage compared to Michigan's average rate, at an average of only $886 per year for a policy with $250,000 in dwelling coverage. USAA also ranks high on J.D. Power's customer satisfaction survey and provides many discounts to help reduce your rates even further.
- Allstate: Allstate also sells coverage for much lower than Michigan's overall average, with policies that include $250,000 in dwelling coverage for about $1,452 annually. Allstate provides a lot of customizable options for home insurance, such as optional electronic data recovery coverage, yard and garden coverage, sports and musical equipment coverage, and business property coverage. The carrier also offers a ton of discounts.
- The Hanover: The Hanover provides affordable coverage in Michigan, though its rates are a bit higher than the previous two carriers on our list, with average policies going for about $1,524 for $250,000 in dwelling coverage. The carrier provides options for extended dwelling replacement cost coverage for high-net-worth homeowners, as well as other options like water backup coverage, lock replacement coverage, and identity theft coverage. The Hanover is also known for its excellent customer service and financial strength ratings.
A Michigan independent insurance agent can help you get set up with home insurance coverage from one of these outstanding local carriers.
What Homeowners Insurance in Michigan Can Cover
Michigan sees its fair share of natural disasters. Some of the most common disasters that impact the state are floods, severe storms like thunderstorms, severe winter storms, and wildfires. It's critical to understand that having a standard home insurance policy may not provide the coverage necessary to reimburse you for some of these natural disasters.
Severe Storms
Michigan suffers from severe thunderstorms quite often. Fortunately, home insurance includes standard coverage for losses caused by a few elements in thunderstorms, including wind, hail, lightning, and resulting fires. While these protections are included in standard home policies, coverage for natural flood damage is not.
Winter Storms
Michigan can also face frequent severe winter storms that dump tons of snow and ice. Fortunately, home insurance includes standard protection for snow and ice damage, including incidents of roof collapse under the added weight. But keep in mind that incidents of natural flooding, such as those accompanying melting snow and ice, are excluded by home insurance.
Wildfires
Michigan can also suffer from wildfires. Luckily, your Michigan home insurance includes standard coverage for many kinds of fire damage, including wildfires. Be sure to review your policy's specific terms to be certain of your coverage limits for each type of potential natural disaster damage.
What Homeowners Insurance in Michigan Will Not Cover
Your Michigan home insurance comes with its own set of exclusions. Remember that natural flood damage is excluded by Michigan home insurance. Damage caused by earthquake disasters is also excluded. You'd need separate earthquake insurance to have this protection. Since Michigan doesn't typically experience earthquakes, you may decide to forgo this coverage. However, Michigan can be prone to flooding, so you may want to work with a local independent insurance agent to add the protection provided only by flood insurance.
Flood Damage in Michigan
Flood damage caused by natural sources is excluded by home insurance in Michigan. You need a separate flood insurance policy to get any reimbursement for damage to your home or contents caused by heavy rainfall, snowmelt, etc. It can be expected to find natural flood damage as a standard exclusion by home insurance policies across the US.
Average Cost of Homeowners Insurance in Michigan
The current average cost of home insurance in Michigan is $1,527 per year or a little over $127 per month. Since the current national average rate of home insurance is $1,428 per year, Michigan's rates are a bit over this in comparison. Michigan's slightly more expensive home insurance can be due to the state's increased risk of certain natural disasters like thunderstorms, as well as the area's property values and crime rates. Fortunately, discounts and other options to save money on home insurance coverage are available in Michigan.
Average Michigan Home Insurance Costs by City
The average home insurance rate in Michigan also varies by city. A policy with the exact same coverage might have a completely different rate in one Michigan town vs. another. Currently, the cheapest home insurance in Michigan can be found in Alpena, at an average of just $568 per year. Here are some Michigan cities and their average cost of home insurance.
Average Michigan Home Insurance Costs by City
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,428 year
| City | Annual insurance cost | Avg. home value | Burglaries (per 1k residents) |
| Adrian | $739 | $76,800 | 7.96 |
| Alpena | $568 | $88,053 | 2.57 |
| Ann Arbor | $1,194 | $297,700 | 2.22 |
| Battle Creek | $869 | $92,358 | 11.1 |
| Bay City | $654 | $70,899 | 9.4 |
| Big Rapids | $729 | $101,750 | 2.3 |
| Birmingham | $1,375 | $514,421 | 0.95 |
| Bloomfield Hills | $1,893 | $931,114 | 2 |
| Brighton | $942 | $194,497 | 3.99 |
| Charlotte | $736 | $110,006 | 2.98 |
| Clarkston | $1,156 | $299,044 | 1.98 |
| Clinton Township | $854 | $143,500 | 3.99 |
| Dearborn | $1,145 | $136,400 | 3.16 |
| Detroit | $1,183 | $147,100 | 13.06 |
| DeWitt | $989 | $207,144 | 0.85 |
| East Lansing | $1,008 | $191,319 | 3.95 |
| Escanaba | $623 | $94,499 | 3.18 |
| Farmington Hills | $1,128 | $243,500 | 1.84 |
| Fenton | $867 | $126,347 | 2.52 |
| Flint | $759 | $28,200 | 12.72 |
| Flushing | $872 | $133,196 | 2.23 |
| Grand Rapids | $828 | $134,500 | 4.29 |
| Grayling | $653 | $78,960 | 3.81 |
| Grosse Pointe | $1,284 | $353,612 | 1.54 |
| Hancock | $779 | $125,461 | 1.76 |
| Hillsdale | $831 | $94,153 | 2.57 |
| Holt | $921 | $161,402 | 2.84 |
| Howell | $863 | $161,206 | 2.52 |
| Jackson | $657 | $66,287 | 9.14 |
| Kalamazoo | $720 | $98,000 | 10 |
| Lansing | $708 | $79,200 | 7.82 |
| Livonia | $1,053 | $175,600 | 3.14 |
| Marquette | $913 | $187,676 | 1.85 |
| Mount Clemens | $868 | $95,462 | 6.64 |
| Mount Pleasant | $874 | $133,968 | 1.58 |
| Muskegon | $787 | $67,219 | 7.8 |
| New Baltimore | $1,083 | $223,447 | 0.89 |
| Novi | $1,231 | $311,699 | 1 |
| Okemos | $922 | $222,754 | 2.13 |
| Ortonville | $925 | $171,083 | 0.88 |
| Petoskey | $925 | $195,097 | 1.91 |
| Plymouth | $1,124 | $294,105 | 1.32 |
| Port Huron | $742 | $84,727 | 6.94 |
| Portage | $952 | $164,329 | 3.11 |
| Rogers City | $703 | $78,845 | 1.86 |
| Saginaw | $598 | $42,088 | 7.66 |
| Sault Ste Marie | $621 | $94,959 | 2.98 |
| Southfield | $1,061 | $147,000 | 4.88 |
| St. Clair Shores | $842 | $119,796 | 2.36 |
| St. Joseph | $948 | $183,872 | 1.81 |
| Sterling Heights | $1,021 | $173,400 | 1.36 |
| Traverse | $1,011 | $241,722 | 2.82 |
| Troy | $1,131 | $286,800 | 1.17 |
| Waterford | $1,099 | $184,891 | 2.24 |
| Westland | $859 | $113,200 | 3.68 |
Popular Questions about Michigan Home Insurance
In Michigan, the average annual cost of homeowners insurance is $1,527, which is a bit higher than the current national average. The current US average rate of home insurance is $1,428 annually.
Your Michigan home insurance policy should include a few standard coverages, but you can customize your policy to meet your needs. The standard coverages you can expect to find in most every policy include dwelling coverage, contents coverage, personal liability coverage, and loss of use coverage.
In Michigan, the most commonly reported home insurance disasters are from severe storms like thunderstorms and wildfires. Other common home insurance claims in Michigan are due to winter storm damage and property crimes like vandalism.
Home insurance rates in Michigan are calculated by factoring in a number of different elements. These often include your home's value, your personal claims history, the amount of coverage you need, the area's risk of crimes and natural disasters, and more.
Yes. Currently, Michigan has hundreds of independent insurance agents who can help you find the coverage you need. Work together with a local Michigan independent insurance agent to get matched to the right home insurance and any additional policies you're looking for today.
We found that USAA, Allstate, and The Hanover are the best home insurance companies in Michigan. We chose these Michigan home insurance carriers because of their coverage options, affordable rates, discounts available, customer service reviews, and more.
A Michigan independent insurance agent can easily shop and compare quotes for home insurance from multiple different local carriers. This can help you find the right policy at the most affordable rate. These agents also know which carriers near you have the best reputation for delivering quality coverage, so they'll be sure to get you matched to a policy that delivers what you need.
Home insurance in Michigan is not required by state law. But if you have a mortgage on your property, the lender will most likely require you to have coverage in your contract.
Do You Know What Your Home Insurance Covers in Michigan?
How Does Your Michigan City Measure Up?
The average monthly cost of home insurance in Charlotte is $61. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in Clarkston is $96. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in DeWitt is $82. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in Fenton is $72. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in Flushing is $73. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in Grosse Pointe is $107. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in Holt is $77. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in Mt. Pleasant is $73. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in Ortonville is $77. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
The average monthly cost of home insurance in Rogers City is $78. However, your home insurance rates may vary depending on the value of your home and personal property, the amount of coverage you need, your personal claims history, your credit score, and several other factors.
https://www.bankrate.com/insurance/homeowners-insurance/michigan/#cost
https://www.thezebra.com/homeowners-insurance/michigan-home-insurance/
https://crisisequipped.com/what-natural-disasters-occur-in-michigan/