How to get affordable insurance for your home in Michigan

 

The best way to acquire cheap home insurance in Michigan is to get quotes from as many insurance companies as possible. Learn more about home insurance rates in Michigan by referencing the below data. Remember: your rates will vary, depending on your coverage limits.

 
Michigan home insurance — table of contents:
  1. The cheapest companies
  2. Rates by coverage amount
  3. Rates by deductible level
  4. Bundling
  5. The cheapest cities
  6. FAQs
 

The top 5 home insurance companies in Michigan

Prices for home insurance in Michigan will vary depending on the insurance company you use. Meemic offers the most affordable home insurance in Michigan: $635 per year. This compares favorably to the state average cost of $1,176, providing a $541 price break on the state's average rate.

Get a head start on looking for affordable coverage by reviewing the most affordable Michigan insurance companies, listed below.

 
CHEAPEST HOME INSURANCE COMPANIES IN MICHIGAN
Insurance CompanyAverage Annual Rate in Michigan
Meemic$635
Farmers$884
Safeco$914
AAA$954
Frankenmuth$990
 

Home insurance costs in Michigan by coverage limit

The amount of home coverage you select has an impact on the insurance premiums you pay. In Michigan, carrying $100K dwelling coverage costs an average of $527 per year, while carrying additional coverage up to $400K costs $1,387/year.

 
HOMEOWNERS INSURANCE RATES IN MICHIGAN — COMMON COVERAGE AMOUNTS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$527
$200,000 Dwelling$836
$250,000 Dwelling$940
$400,000 Dwelling$1,387
 

Home insurance deductibles in Michigan

One of the decisions available when buying a homeowners insurance policy is how high to set your deductible. The deductible is the total dollar amount that the insured must contribute toward a covered loss. Choosing where to set your deductible plays a significant role in how much you pay for your home policy.

When considering your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. As such, if you want lower insurance rates, aim for a higher deductible. Keep in mind that your deductible should only be set as high as you can reasonably afford if you suffer a loss.

Below you'll find some standard deductibles offered on most home policies alongside with related average insurance costs.

 
HOME INSURANCE RATES BY DEDUCTIBLE LEVEL IN MICHIGAN
Deductible AmountAverage Annual Home Insurance Rate
$500$1,033
$1,000$940
$1,500$868
$2,000$806
$5,000$640
 

Homeowners and auto insurance bundles in Michigan

If you want to save on home insurance, consider purchasing your homeowners and car insurance policies from the same company. A home and car insurance bundle in Michigan can lead to substantial savings on your auto insurance policy. Bundling home and auto policies in Michigan leads to average annual savings of $299.

 
HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN MICHIGAN

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$2,599$2,300$29913%
 

 

Michigan home insurance prices by city

Home insurance rates in Michigan vary depending on the city. Rates depend on city-specific variables, such as the number of local claims filed, giving your ZIP code weight in deciding how much you pay.

The cheapest home insurance rates in Michigan are in Ann Arbor. In the home of the Michigan Wolverines, the typical home insurance policy costs $856 per year — $320 less than the statewide average. The below cities have the most affordable homeowners insurance in Michigan.

 
CHEAPEST HOME INSURANCE CITIES IN MICHIGAN
CityAverage Annual Home Insurance Rate
Ann Arbor$856
Wyoming$863
Kentwood$911
Grand Rapids$915
Kalamazoo$955

Looking for information on homeowners insurance in Detroit? See our data-driven analysis.

 

 

Michigan homeowners insurance FAQs

 

Can you get homeowners insurance on a land contract in Michigan?

Yes, you can get homeowners insurance on a land contract but keep in mind the policy might be canceled if the property is not occupied.

Does homeowners insurance cover sinkholes in Michigan?

Sinkholes are viewed and categorized in the same way as earthquakes - as "ground movement, " which will not be covered under homeowners insurance. You might be able to add an endorsement depending on your insurance company, or get a separate sinkhole policy.

 

Compare homeowners insurance online today.

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Kristine Lee
Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has contributed to numerous publications focused on the nuances of insurance, including Automoblog, USInsuranceAgents.com, and BestCompany.com.

About The Zebra

The Zebra is not an insurance company. We’re an independent, unbiased partner for consumers, on a mission to help you compare insurance options apples-to-apples, so you can make a truly informed decision. We’re proud because: