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The Best Michigan Homeowners Insurance Companies
For the top picks for the best home insurance providers in Michigan, we used our SimpleScore system that measures and reviews insurance providers based on discounts, coverage, customer satisfaction, accessibility and customer support.
The 6 best home insurance companies in Michigan
- Best Mobile Tools: State Farm
- Best Coverage: Progressive
- Best for Military Members: USAA
- Best Customization: Farmers
- Best Discounts: Auto-Owners Insurance
- Best Local Provider: Meemic Insurance
How much does home insurance cost in Michigan?
Progressive considers Michigan a medium cost-state with an average monthly rate of $101 for home insurance.
The cost of insurance in Michigan depends on a variety of factors. Where you live is one major determinant. Some locations face worse weather conditions, crime and other hazards that can affect the safety of your home more than other sheltered or well-policed areas. The type of home that you own can impact your insurance rates, because insurance providers will look at things like your home’s size, value and how it is built. Some homes may be more susceptible to damage than others.
Your insurance provider will also consider your claims history to determine how frequently you have filed claims in the past. This will give them a good idea of how likely you are to file claims in the future.
Michigan average full coverage home insurance cost per carrier
|Insurance Company||Michigan Full avg. cost||Michigan Full monthly avg. cost||Michigan full weekly average.|
The cheapest home insurance in Michigan
The cost of home insurance in Michigan varies wildly depending on which provider you choose. Auto-Owners Insurance offers the cheapest homeowners insurance by far, beating the next cheapest policy rate by several hundred dollars.
Many of the cheapest insurance providers in Michigan are also local and regional providers, offering greater personalized care with your purchase.
|Rank||Company name||Avg. annual premium|
|2||Meemic Insurance Company||$915|
|4||American Select Insurance Company||$1,038|
|6||Frankenmuth Mutual Insurance Company||$1,498|
The cheapest home insurance in Michigan, by city
Michigan has many pockets and corners throughout the state, and not all areas cost the same for your home insurance. Ann Arbor and Holland come in as the cities with the cheapest home insurance in Michigan, but Portage, Kentwood and Midland all offer rates below $1,155 for your policy.
|City||Avg. annual premium|
Choosing your provider
There are many local home insurance providers available in the state of Michigan, which raises an important question. Which is better for your home insurance: a regional or national insurance carrier?
There are some distinct differences between the two.
- Tend to offer better customer service with higher ratings than national carriers
- Representatives have personalized knowledge of the area and its risks
- Slower claims processing
- More cases of fraud or bankruptcy
- More advanced resources especially where online and mobile tools are concerned
- Can have super-fast claims processing
- Can have poor customer service with limited or lack of personal support
- Offer more generalized coverage and support without local know-how
Things to know about home insurance in Michigan
The basic homeowners insurance policy generally comes standard with certain protections. Your dwelling insurance usually ranges from $100,000 to $300,000 in coverage, and can include a combination of more specific types of coverage like other structures, personal property and loss of use. Policies also typically include liability and medical payment coverage. The amount of your deductible can also affect how much you pay for your insurance premium each month.
Michigan is one of the more inexpensive states to buy a homeowners insurance policy, so you always have the option to purchase additional insurance as needed. Flood insurance is one kind of coverage that does not typically come included with a basic homeowners policy, and lack of coverage can be a costly mistake should you experience a bad storm. With snow, ice and regular rain, floods can easily occur in Michigan and cause significant damage to your property.
Additional home insurance coverage in Michigan
While Michigan does not place high for hurricanes and earthquakes, it does experience some of the worst winters in the country. It is prone to high winds, cold temperatures and heavy precipitation, all of which can cause severe damage to your home if caught in the wrong storm. Because of this, Michigan homeowners tend to file more claims for storm-related damages and also face higher premiums than other states that experience less severe weather.
That is why it is important to consider weather-related damages when you are shopping for home insurance. You should explore the available insurance options from your provider, including things like flood insurance and roof coverage. Even if it is not included in basic coverage, you may be able to purchase extra insurance coverage from your insurance provider to protect your home from these elements. Even if it carries a deductible that is higher than you are used to, it will still save you hundreds and even thousands of dollars should your home be affected by a bad storm.
We welcome your feedback on this article and would love to hear about your experience with the home insurance companies we recommend. Contact us at firstname.lastname@example.org