Detroit Homeowners Insurance

The Zebra
Aug. 26, 2019

Find affordable homeowners insurance in Detroit


A critical consideration for every homeowner should be home insurance. Along with personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. With the relative frequency of such incidents -- and the high cost of rebuilding or repairing a home -- getting homeowners coverage is a wise investment.

The price of a home insurance policy factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Learn more info about what a home insurance policy covers.

Finding affordable home insurance in Detroit starts with shopping around and comparing policies. Take a look at the summary below showing average home insurance premiums in Detroit to begin your homeowners insurance search with as much information as you can. Remember: your homeowners insurance premiums may vary based on your coverage limits and other factors.


Detroit, Michigan, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Detroit by insurance company

Homeowners insurance rates in Detroit vary from one insurance company to another. AAA offers the most affordable home insurance in Detroit, at just $1,112 per year. This compares favorably to the city’s average homeowners premium of $1,942.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Detroit, Michigan.


AFFORDABLE HOME INSURANCE COMPANIES IN DETROIT
CompanyAverage Annual Rate
AAA$1,112
USAA$1,735
Allstate$1,847
State Farm$2,076
Liberty$2,191

Average homeowners insurance costs in Detroit by coverage level

Your chosen amount of homeowners coverage determines the insurance premiums you pay . Homeowners in Detroit who carry $200K in dwelling coverage pay an average of $1,466 per year, while those with coverage up to $400K pay around $2,619 per year.


HOMEOWNERS INSURANCE RATES IN DETROIT — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,466
$400K Dwelling$2,619

Speak with a homeowners insurance expert

Detroit home insurance prices by ZIP code

Home insurance premiums can vary depending on what area of Detroit in which you live. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, your home's location could have a huge impact in what you pay for home insurance.

If you're looking for the cheapest home insurance rates in Detroit, take at look at the 48242 ZIP code. In the 48242 area, homeowners policies typically cost just $1,499 per year — a full $443 less than the Detroit average. Find the best places to live in Detroit for cheap home insurance by looking at the following table.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN DETROIT
ZIP CodeAverage Annual Home Insurance Rate
48242$1,499
48236$1,512
48239$1,532

On the other hand, some areas of Detroit face higher homeowners insurance costs, on average. These areas could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. One of the costliest ZIP codes for homeowners insurance in Detroit is 48213, with an annual average rate of $2,123.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN DETROIT
ZIP CodeAverage Annual Home Insurance Rate
48213$2,123
48211$2,121
48205$2,060

Looking for a money-saving tip for insurance in Detroit? Try bundling

One way to save on insurance costs is to consider bundling your homeowners and auto insurance policies through the same company. Bundling home and auto insurance can be a good money-saving option. In fact, bundling policies in Detroit leads to average annual savings of 17%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN DETROIT
CompanyAvg. Annual Auto Insurance Rate (Bundle)
AAA$4,074
Progressive$4,314
State Farm$5,400
Allstate$7,152
American Family$1,090

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. To speak with an insurance expert, call 855-493-9728 today.


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