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The Best Homeowners Insurance in Michigan [2023]

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Find a top-ranked Homeowners Insurance Agency in your area

Michigan isn’t just known for its lake views, college towns, and vibrant cities, it’s also a prime destination for homeowners with its above-average homeownership rates and below-average taxes. 

With the Michigan housing supply decreasing year over year, now may be your window to buy.  If you’re planning to call the great lakes state home, we recommend protecting your purchase with homeowners insurance. 

At Expertise, we’ve done the homework on insurance so that you don’t have to. If you’re a future Michigan homeowner, read on and we’ll cover any questions you may have on homeowners insurance, rates, and the best options for you. 

Average Cost of Homeowners Insurance in Michigan

The average cost of homeowners insurance in Michigan is $1,380 per year according to Insurance.com —which is significantly lower than the national average which sits at $2,779. This is based on the following:

  • $300,000 dwelling coverage 

  • $1,000 deductible 

  • $300,000 liability

The cost of homeowners insurance in Michigan can differ vastly based on a few key factors:

  • The age of your home: Is your Michigan home an older home that is at risk of more structural wear and tear?

  • The square footage of your home: How big is your home? In general, larger homes will cost more to insure.

  • The materials used to build your home: Was your Michigan home built using materials prone to things like rotting or structural damage?

  • Building costs in your area: Because insurance deals with repairs and replacement, coverage increases with increased building costs.

  • The location in which you live: What are crime rates like? How close are you to a fire department? How close are you to the water or the lakefront?

  • Any additional features: Does your house have a swimming pool or hot tub that could pose a potential risk to guests? Do you have pets, and if so, what are their breeds? Surprisingly, insurers will look at these things when assessing prices.

  • Your deductible: A higher deductible will decrease your premium, but could cost you more if you file a claim. Talk to your insurance provider about diminishing deductibles to get the best plan that suits your payment needs.

Michigan Homeowners Insurance Rates by City

Michigan offers a vast landscape ranging from city to lakeside residences, varying the cost of homeowner insurance based on where you live. 

Below is a breakdown of the average annual rate by city:

City

Average Annual Rate

      Detroit

Grand Rapids

Warren

Sterling Heights

Ann Arbor

Lansing

Clinton Township

Flint

Dearborn

Livonia

The Best Homeowners Insurance Companies in Michigan

Ready to start shopping? Below, we’ve compiled the best insurance agencies for comprehensive coverage in Michigan. 

USAA logo

USAA


Average Annual Rate: ~$860

Notes: Only available for military members, veterans, and eligible family members.

State Farm logo

State Farm


Average Annual Rate: ~$1,300

Notes: Offers some roof-related discounts, however, is limited in overall discounts.

Allstate logo

Allstate


Average Annual Rate: ~$1,290

Notes: Various coverage options, but scores high on NAIC’s complaint index. 

Farmers logo

Farmers


Average Annual Rate: ~$2,340

Notes: Predetermined coverage packages (Standard, Enhanced, Premier) make shopping for a plan simple. 

The Hanover

The Hanover


Average Annual Rate: ~$1,700

Notes: Tailored coverage for high-value homes, which may be useful for high net-worth individuals and other qualifying customers. 

Average rates are for annual policies with $250,000 in dwelling coverage.

Cheapest Homeowners Insurance Companies in Michigan

The cheapest homeowners insurance coverage in Michigan for non-military members is through State Farm with an average annual rate of $1,300. See a few more affordable insurers below: 

  • Automobile Club MI

  • Frankenmuth Insurance

  • USAA

  • Farmers Insurance

When trying to secure the best home insurance rate, we recommend shopping around for the best options for your specific needs. Begin by getting a quote below. 

Searching on phone

Find Cheap Homeowners Insurance in Your Area

FAQs

We tackle some common questions to help you make a more informed decision about which homeowners insurance to choose in Michigan, specifically. 

How to Reduce Homeowners Insurance Costs in Michigan

There are several ways to reduce your Michigan home insurance costs. For instance, many insurers will lower your bill by as much as 37% if you bundle your auto and home. But as we’ve pointed out, the price you pay for homeowners insurance can vary substantially across insurers. 

Here are a few ways to reduce costs:

  • Increase your deductible. This will help reduce monthly costs to your insurer, but it may mean paying more out of pocket should you need to make a claim. Similarly, paying your 6-month or 1-year premium in full will drive down monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save 5–15% on your premiums. Talk to your insurance provider about home and car insurance bundling options and how that helps you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Get a burglar alarm and/or deadbolt locks.

    • Install a sprinkler system.

  • Nix the high-risk accessories. Similar to the above point, rid your home of things that are considered “high risk.” For example, did the kids go off to college? Time to throw out that trampoline that’s sitting in the backyard.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may feel you’re less prone to theft or may spot a fire or flood sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Even something as simple as choosing paperless billing can help you save!

  • Keep good credit. Some agencies will look at your credit history and charge less for those with good financial strength and standings.

As always, consult your insurance agent to see which of the above discounts you qualify for.

Michigan Insurance Options in Your City

At Expertise.com, our goal is to connect Michigan residents with the best local experts and agencies, so you can find the best home insurance policy for your new home.

View our list of the 15 best homeowners insurance agencies here

Learn more about the best homeowners insurance options in your respective Michigan cities below:

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.