If you are looking to buy a Michigan home, you will want to know the average cost for home insurance in Michigan. Detroit homeowners pay $2,716 annually on average for home insurance, while homeowners in Ann Arbor and Westfield pay about $1,321 and $477 annually, respectively. You can tailor your coverage to fit your needs and budget.
Detroit homeowners insurance costs $2716 per annum
Detroit's average annual cost for home insurance is $2716. This is almost double the national average at $1,200. This is similar to the monthly rent for a studio apartment. However, the higher cost isn't just due to where you live; it also depends on your credit score and how much coverage that you need. A home insurance calculator can help you compare the costs of different home insurance policies in Michigan. Additionally, your insurer's financial health is crucial in the event that you need to file an insurance claim.
Ann Arbor home insurance starts at $1,321 annually
Ann Arbor's average homeowners insurance cost is $1321. Detroit has the highest average cost, at $2085. Ann Arbor has many options to reduce the cost of insurance. Higher deductibles can save you money. Ann Arbor homeowners who have a $2,500 minimum deductible will spend $230 less each year on insurance than those who have a $1,500 maximum deductible.
Westfield home insurance costs $1,477 a year
You can save money by getting quotes from multiple companies in Westfield if you're looking for home insurance. It's also possible to speak with representatives from different insurance firms. If you have questions about the cost for replacement cost dwelling coverage, you can speak to an agent in Westfield.
Farmers offers customizable coverage
Farmers offers Michigan residents customizable home insurance coverage. The company's website offers information about the types of policies it offers as well as discounts and endorsements. There are multiline, declining and green deductibles, affinity and green certification, rent to-own, good payer discounts, and timely payments. Farmers offers insurance for floods, earthquakes and identity theft.
USAA is Michigan's cheapest insurance company
If you are a military family, USAA is a great place to get car insurance at the cheapest rate in Michigan. It offers many discounts to customers including loyalty, low-mileage, new car discounts and discounts for defensive driving and driver's education. The company also offers discounts for storing a vehicle in a secure location. Michigan has a wide range of car insurance prices. Compare quotes to find the best deal.
State Farm is Michigan's cheapest insurance company
While finding cheaper auto insurance premiums is easy, the consequences are even greater if you are involved in an accident or have a policy lapse. Luckily, Michigan has liberal no-fault insurance laws, which reduce the cost of insuring your vehicle. Although you can use the phonebook to locate an independent agent, it is not a great idea. You might be better off choosing a company that has a track record.
Allstate is the best Michigan insurer for a $2,000,000 dwelling coverage
Allstate is the lowest-priced insurer in Michigan for a $2,000,000 dwelling coverage. This is based on MoneyGeek's analysis of six quotes from the top six insurance companies. The company offers quotes from a variety of ZIP codes across the state. The company calculates its quotes based on an average home, which includes $250,000 for dwelling coverage, $100,000 for liability coverage, as well $100,000 in personal property coverage.