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Michigan homeowners insurance: what you need to know

In Michigan, homeowners insurance costs average around $1,176 annually or $98 pe month.  The best way to acquire cheap home insurance in Michigan is to get quotes from as many insurance companies as possible.

Unlike car insurance, homeowners insurance isn't controlled by state legislation. Even so, major gaps exist in home insurance rates on a state-by-state basis. Policy prices in states, including Michigan, may vary based on the total number and value of homeowners claims filed in that particular state, and depend on the value of the belongings and structures covered by the policy.

Learn more about home insurance rates in Michigan by referencing the below data.

Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage

The cheapest 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.

Insurance CompanyAverage Yearly Rate in Michigan

Michigan home insurance prices by coverage levels

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.

Coverage LevelAverage Annual Cost
$100,000 Dwelling$527
$200,000 Dwelling$836
$250,000 Dwelling$940
$400,000 Dwelling$1,387

Homeowners 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.

Deductible TierAverage Annual Homeowners Insurance Rate


Michigan homeowners insurance costs 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.

CityAverage 12-Month Home Insurance Rate
Ann Arbor$856
Grand Rapids$915

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


Home and auto insurance bundling 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.


Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)



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.



Natural disaster coverage in Michigan


Does homeowners insurance cover flooding in Michigan?

Flood damage — regardless of cause —is not covered by homeowners insurance policies. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. 

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.

Find an affordable homeowners policy in Michigan today!

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Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer.

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, Car and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.