Michigan Homeowners Insurance

Get a full analysis of Michigan home insurance costs, companies & coverages.

The Best Homeowners Insurance Companies in Michigan

Average Cost of Homeowners Insurance in Michigan

Home Insurance in Michigan - FAQs

Average Cost of Insurance Near Me

Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.

Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.

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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.

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

Popular Questions about Michigan Home Insurance

How much does Michigan home insurance cost? $1,527/yr.

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.

What does Michigan homeowners insurance cover?

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.

What are common home insurance disasters in Michigan?

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.

How is my Michigan homeowners insurance calculated?

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.

Are there any independent insurance agents in Michigan?

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.

Who are the best insurance companies in Michigan?

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.

Why work with an independent insurance agent when shopping for home insurance in Michigan?

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.

Is homeowners insurance required in Michigan?

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?

Charlotte, MI Homeowners Insurance

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.

Clarkston, MI Homeowners Insurance

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.

DeWitt, MI Homeowners Insurance

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.

Fenton, MI Homeowners Insurance

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.

Flushing, MI Homeowners Insurance

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.

Grosse Pointe, MI Homeowners Insurance

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.

Holt, MI Homeowners Insurance

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.

Mt. Pleasant, MI Homeowners Insurance

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.

Ortonville, MI Homeowners Insurance

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.

Rogers City, MI Homeowners Insurance

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.

More in Michigan Insurance Guide:

Sources ©2024 , Consumer Agent Portal, LLC. All rights reserved.

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/

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