Low-Cost Homeowners Insurance in Michigan


WRITTEN BY: Mark Romero

UPDATED: SEPTEMBER 09, 2022 | 2 MIN READ

Homeowners in Michigan invest in homeowners insurance to protect themselves from financial risk and potential damage or losses. However, if you don’t know what kind of home insurance policy you need, it can leave you with more questions than answers.

Don’t panic—we’re here to help by revealing our top choices for Michigan home insurance companies, tips on how to find the right coverages, and what coverage Michigan homeowners need most.

Best Michigan Home Insurance Companies

With so many different companies and options out there, it can be difficult to figure out which one is best for you. That’s why we decided to make this list of the best home insurance companies in Michigan:

  • Farmers
  • Auto-Owners 
  • Frankenmuth
  • Allstate

Overall Best Michigan Homeowners Insurance Company

Our overall top choice for the best Michigan home insurance company is Farmers. That’s because you can choose your policy coverage packages:

Standard, Enhanced, or Premier. You can add more personalization to your packages by adding a declining deductible or claim forgiveness. In the 2021 J.D. Power U.S. Property Claims Satisfaction Study, Farmers were ranked above average.

Best Value Michigan Home Insurance Company

If you want the most bang for your buck, Auto-Owners has the cheapest homeowners insurance policies in Michigan. You’ll get great coverage for low rates, providing the best value in the state.

Michigan Home Insurance Company With the Best Customer Service

Frankenmuth is the best home insurance company if you value customer service above all else.  It’s important to have a great customer service experience because it can make all the difference when you’re facing an emergency or trying to get your insurance issues resolved.

Michigan Home Insurance Company Best For Bundling

Allstate is our top choice for homeowners who want to bundle their home insurance policies with other insurance policies, such as auto. Allstate has a generous bundling discount. Plus, you can easily manage your insurance online with Allstate.  

Michigan Insurance Demographics

Every state has different demographics, which affect the average price of home insurance. Here are Michigan’s demographics:

  • Average Home Value: $234,954
  • Crime Rates: 2,022 crimes per 100,000 residents
  • Average Household Income: $80,803
  • Median Age Range: 39.5 years of age
  • Education: 1.36 million Michigan residents above 25 years held a four-year college degree

Is Michigan Home Insurance Required?

Homeowners insurance isn’t required in Michigan. However, you’ll need it to take out a mortgage. 

What Does Michigan Home Insurance Cover?

A home is more than just a place to live. It’s an investment that you’ve worked hard to build up. That’s why it’s so important to make sure you have the right kind of coverage in place to keep your home safe and secure. Michigan home insurance typically covers:

  • Theft
  • Fire 
  • Weather damage

Common Home Risk Factors

Here are the most common risks to your home in Michigan:

  • Floods
  • Wind damage
  • Theft
  • Water damage 

Given the risks to Michigan homeowners, we recommend:

How Much Does Home Insurance In Michigan Cost?

In Michigan, the average homeowners insurance policy costs $1,958 per year. That’s an average rate of $163 per month. Of course, your rate will also vary depending on what city you’re in.

Cost of Home Insurance By City

CityAverage Michigan Home Insurance CostDifference From Michigan Average
Acme$1,197 per year-2%
Addison$1,226 per year0%
Adrian$1,091 per year-11%
Afton$1,220 per year0%
Ahmeek$1,138 per year-7%

FAQs

How much does house insurance cost in Michigan?

The average cost of homeowners insurance in Michigan is $1,958 per year.

Is homeowner’s insurance mandatory in Michigan?

No, homeowners insurance is not mandatory in Michigan. 

How much is home insurance in Detroit?

Detroit has a typical rate of $2,800 per year.

What’s the cheapest homeowners insurance in Michigan?

Auto-Owners has the cheapest policies.

Flood insurance, water backup, and identity theft coverage. 

How To Purchase Michigan Homeowners Insurance?

Homeowners insurance is a necessary investment for homeowners in Michigan. By understanding the different types of policies and coverages available, you can find the right policy to protect your home and belongings.

We’ve provided information on some of the best homeowners insurance companies in Michigan, as well as tips on how to find the right coverage for your needs. Don’t wait—compare rates today and get covered!