Pontiac, MI Homeowners Insurance Rate Quotes!

Thank you for searching for Pontiac homeowners insurance quotes online with GetHomeInsuranceQuotes.com. We can offer competitive rates for your home in Pontiac, MI. Our quick quoting process allows homeowners to compare and review multiple coverage and policy options, we can usually help you compare the top 12 best rates in your area. Pontiac is a great place to live and has over 27084 homes that are currently insured by a standard homeowners policy. Although the Pontiac population is 59,515, many homeowners have found that they are paying too much for a single family home and would like to make sure they have affordable coverage to help save them money on recent mortgage costs. Getting the right coverage provides the protection you need from expensive repairs that a fire, wind or theft may cause. Wouldn’t you like a dependable company to provide the financial support and reassurance you need if something happened to your home? Easily shop and compare up to 12 rate quotes all in one place.

Best Rates & Coverages in Pontiac

Lowering your homeowners insurance rates is a big ticket item these days, as rates increase, we help you shop and compare the best rates and coverage options. Our free consulting process helps you get the answers you need fast to help make the best decision for your home and family. Average rates in Pontiac are around $63 per month ($754/yr.). Homes less than 1800 square feet can see rates as low as $504 per year. Larger homes in Pontiac cost more to insure so homeowners are paying around $1,054 a year, mainly because of the risk coverage needed to rebuild or replace the home.

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Average Rates Nearby Pontiac

Are you looking for homeowners insurance in a city near Pontiac? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Pontiac, MI

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Pontiac.

48340,     48341,     48342,     

Pontiac, MI Home Insurance Average Premiums

$504 /yr.

For the city of Pontiac, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

What is the average home insurance cost for a home in Pontiac, MI?

What does it cost on average per month for home insurance in Pontiac, MI?

Pontiac, MI Coastal Wind, Hail & Flood Information

Pontiac is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Pontiac, MI - 2023 Housing Information

Homeowners insurance will help cover the cost to repair or replace your Pontiac home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Get up to 12 competitive Pontiac, MI homeowners insurance rates all in one place!

Saving Money Tips on Pontiac Home Insurance

A great way to save money on Pontiac homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Are you shopping for the best rate near or wihin the Pontiac area? Check out what homeowners are paying on average for Michigan homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Pontiac, Michigan.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home. Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Pontiac, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Oakland County.

Michigan Homeowners Insurance News & Information

While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states.  In most states, insurers are allowed to consider credit scores when setting […]

If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it.  A.M. Best is a credit rating […]

A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase.  Currently, a Broward commissioner is asking Congress to pass legislation he claims […]

North Carolina is a fantastic place to live with plenty of cultural activities, beautiful beaches, world-class cities as well as great restaurants and shopping. The only disadvantage to living in North Carolina, particularly if your home is located in coastal area is the cost of homeowners insurance. The average premium for a standard homeowners insurance […]

Making renovations to your home can have a major impact on your insurance coverages as your risk profile changes. Adding square footage, putting in a swimming pool, outbuilding or upgrading your electrical may change the value of your home which could leave your underinsured.  Major upgrades such as adding square footage to your home or […]

Pontiac, MI Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Pontiac so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Pontiac, MI?

- The average square footage in Pontiac is around 502 Sq. Ft. which would cost you around $66,325 to replace the home if you base the home on the price to build per square foot of $132.

Minimum Replacement Cost Total: $66,325

Location: Pontiac, Michigan (Oakland County)

Average Building Cost Per Square Foot in Pontiac: $132 (low end)

Average Square Footage in Pontiac: 502 Sq. Ft.

The dwelling coverage is calculated by the average cost per square foot ($132) in Pontiac, Michigan times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $412,500 (Media price to build of $165 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.

Pontiac, MI Home Insurance Quotes!

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