Compare Michigan Home Insurance Quotes
Are you a Michigan homeowner searching for the best homeowners insurance companies to keep your property safe?
You can stop your search because we can provide the best Michigan homeowners insurance!
Our agents at Insurance Geek are eager to link you to the best possible insurance policies and insurance providers based on your ZIP code.
We match you with the homeowners insurance quote that’s right for you by taking ALL the different facets of your home into consideration, from the type of structure or dwelling you live in, to natural disasters in your area, to the crime rate.
If you’re ready, let’s explore ways in which a Michigan homeowners insurance policy can help you stay safe and secure!
Michigan Home Insurance: The Basics
Majestic landscapes toppled with the most breathtaking lakes located in the American Midwest aren’t the only things that make Michigan one of the most popular states to live in.
Cities like Ann Arbor have high-rated schools and universities, and the state itself is on the upswing from a property bubble that lasted a substantial number of years. There’s truly no better time to think about moving to Michigan than right now.
While property owners in Michigan are aware of the outdoor gems of their state, they are also alert to possible problems.
One of the main things to worry about in the state of Michigan is the crime rate. Michigan tops out at 5.53 violent crimes per 1000 people, higher than the national average of 4.49. This is mostly due to crime in the metro areas of Michigan as opposed to smaller towns and suburbs.
All of this, of course, affects the average cost and your home insurance rate.
While crime is one of the major issues you’ll face in Michigan, there are also wind, hail, snowstorms, and other natural disasters.
This is why it is crucial for all Michigan homeowners to have home insurance policies.
In the homeowners insurance world, a PERIL refers to anything that could damage your home, no matter how significant.
Perils are also called risks. Your homeowners insurance policy should encompass the perils that could be potentially hazardous to your household and home.
Bear in mind that you will be able to file claims for the perils that are included within your policy. Insurance companies will, in turn, reimburse you for all the damages caused by the perils that are covered.
Some notable perils to mention in Michigan include:
- Property damage to others
- Sewer, drain, and water backup – most bathroom flooding situations are due to drain and sewer backups
- Natural disasters
Based on all of this, while you are choosing your home insurance in Michigan, you should be sure that your home insurance policy covers all of the mentioned perils in order to file claims for them.
To learn about what’s included in your existing policy, your declarations page is one of the most important documents that will tell you the necessary info.
The deductible is the amount you will have to pay out of pocket before your insurance pays.
In general, this is the formula:
The higher the deductible, the lower the premium.
So, when discussing your case with us, you should decide whether you’d want a higher deductible or not. It all depends on whether you are willing to pay more each month or pay more upfront when you need to file a claim!
How are Premiums Determined in Michigan?
Michigan has some of the most affordable property rates in the country these days. After the government bailout, cities like Detroit are in the process of restoring auto jobs and recovering from a massive recession to return to a time of prosperity.
Michigan homeowners should be aware of the fact that home insurance rates differ from one insurance company to another. Plus, your ZIP code, as well as the very location of your home, affect the home insurance rates that you get.
So, while it is true that premiums may vary by state, it’s much more complex, as a number of factors may impact your rate, including:
Insurance companies in Michigan pay attention to your credit score.
If you’re wondering why, here’s an answer – a good credit score means that you will pay less for your homeowners insurance in Michigan.
Not only that, but insurance companies can tell just by one glance at your credit score whether you are reliable or not.
This is how they determine whether you can or cannot pay your premium and your deductible.
If your credit score isn’t as high as you want it to be, don’t worry because there are a number of methods to raise your score and reduce the average cost of your policy.
Value of dwelling;
Another important aspect of consideration of homeowners insurance companies is the overall value of your dwelling.
An important term to remember is the replacement cost, which encompasses the amount necessary for the entire rebuilding of your home.
To get more info on how replacement cost is different from the market value of your property, you can consult our article.
Whether or not you’ve filed a claim before;
If your property has claims filed before attached to it, an insurance company may give you a higher premium.
What this basically signals to home insurance companies is that your property is at greater risk to them.
Auto credit and other discounts.
Discounts are one of our favorite things, and the good news is that you can get many of them!
Our experience with customers says that the most effective way to obtain discounts is to get multiple types of insurance policies within the same insurance company. You can obtain discounts if you combine life and auto insurance in addition to your existing homeowners policy.
So, auto owners should make sure to inform us if they wish to secure their vehicles too and qualify for discounts!
Bear in mind that these are just some of the factors to consider.
Stay with us, and we’ll help you find the best insurance rate within the best homeowners insurance company!
What is the Best Option for Home Insurance in Michigan?
With an abundance of options readily available to pick and choose from, searching for Michigan home insurance can be a tough task to handle.
Varying home insurance costs, insurance premiums, the deductible, and a wide range of coverage options can be all too confusing.
This is why we’ve curated this comprehensive guide. Now we will get you acquainted with two main kinds of policies: a named and an all peril policy.
Specifically stated perils only are included by the NAMED home insurance policy.
Our concurrent experience with this policy type dictates that the customers use it to encompass missing areas of their existing insurance.
ALL PERIL Policy
If you truly want to guard yourself against all the types of homeowner perils mentioned above, an ALL PERIL policy can help. This kind of insurance will keep you safe from loss in all the situations above that are relevant for Michigan, unless specifically excluded.
This is why we recommend that you ensure that all is taken care of under an all peril policy, regardless of where you are in Michigan!
Get Home Insurance Quotes Today
Home insurance companies look at various factors to determine the price of your premium as well as the price of your home insurance rate.
Getting a specific price down can be hard, but our tool can help you with this!
This is the best, easiest way to find the homeowners insurance you’re looking for in Michigan. We work with carriers via our Fat Agent app to assist agents in bringing you the best homeowners insurance quotes in Michigan. We can’t wait to show you!
Our agents will contact the carriers to ensure that you get not only the best protection possible but also the cheapest homeowners insurance rates!
You can utilize our tool to get a quote; you just need to enter some basic info, like your ZIP code and address.
If you’re looking for homeowners insurance, we offer it through Nationwide, Safeco, a Liberty Mutual company, and other carriers, which offer competitive rates. They all have excellent customer service, and we are also here for any additional questions you may have!
Once you get quotes with our tool, you can look at discounts.
As our carriers value customer service and appreciate their loyal clients, they offer a multitude of ways to obtain various discounts.
Combining two or more policies, like life insurance and home coverage, within the same insurance company, will get you significantly lower prices! Auto owners can get auto insurance.
So, while you are here, make sure to talk to your agent and let them know what types of protection you want for your home and yourself.
Top Cities & Metro Suburbs in Michigan for Homeowners
Our insurance clients come from various ZIP codes all over the Great Lake State.
Some of them include various metropolitan cities, such as:
- Grand Rapids
- Sterling Heights
- Ann Arbor
It is a well-known fact that you can obtain a significantly lower home insurance rate in the suburbs. So, here are the top metro suburbs in Michigan:
- Bloomfield Charter Township
- Huntington Woods
- East Grand Rapids
- Grosse Pointe Park
- Beverly Hills
Contact us to get home insurance rates for any area you’re interested in, not just the abovementioned ones. We will cater to your needs no matter where your ZIP code puts you in the state of Michigan.
Both of the companies carry insurance that caters to the needs of their clients across all the US at a competitive rate.
Who Should Get Michigan homeowners insurance?
Both new and existing homeowners will need homeowners insurance in Michigan.
Home insurance companies that we handpick for our clients will make sure to obtain the most affordable home insurance rates and the cheapest homeowners insurance for your conditions.
Don’t forget that homeowners insurance is mandatory and very much required by your mortgage lender!
What Does Home Insurance Coverage Include?
If you’ve ever wondered what home insurance coverage entails, we are here to show you all of the home insurance coverage options.
The structure of a policy includes coverage listings, including:
- Coverage A – Dwelling Coverage
Dwelling coverage includes the physical parts of your home structure, such as roofs, walls, etc., that you can file a claim for.
Homeowners insurance companies determine the dwelling amount of your policy depending on the overall value of your home. Dwelling coverage limit should be able to cover the entirety of the cost for a complete reconstruction of your home.
- Coverage B – Separate Structures
In addition to the actual physical structure of your home, there exists a separate structure coverage that accounts for the structures that aren’t attached to the structure of your home. These can include mailboxes, attached garages, fences, sheds, etc.
Homeowners tend to initially disregard the separate structures, so they come back to upgrade their existing policies to include them, too.
If this is the case with you, feel free to contact one of our agents so that we can update your insurance policy!
- Coverage C – Personal Property
While home security is one of our top priorities, personal property is important, too. Property inside of your home can be damaged too (furniture, appliances, etc.), and it doesn’t mean that it should be left out.
Personal property coverage can help you cover the cost of damaged personal property. Safeco has a Valuable Articles Coverage, while Nationwide includes the Valuables Plus deal in case your belongings surpass the coverage limits.
- Coverage D – Loss of Use
Loss of use comes in when you are unable to use your home for a specific amount of time, say – during repairs or while it is being rebuilt.
And once bills start lining up, no matter how small they seem in the beginning, they turn out to be more than costly. Loss of use coverage can cover the additional expenses that you face during this period of time, e.g., a place to stay or transportation.
- Coverage E – Personal Liability Coverage
In the event of your or a member of your family being legally found responsible for injuries or property damage, personal liability insurance will protect you.
Personal liability coverage covers the legal as well as medical fees that you need.
- Coverage F – Medical Payments
This segment of insurance is similar to the previous one, with its main difference being that you don’t have to be legally found guilty of an accident.
In the event that someone is injured while on your property, this part of your coverage will reimburse you for their medical fees.
What Isn’t Included in Your Home Policy?
A home insurance policy, however necessary and mandatory, maybe will not encompass all of the services you might need.
Here are some other insurance products that our clients frequently buy:
Auto Insurance (or Car Insurance)
Auto owners know just how important it is to own auto insurance. To ensure the safety of your passengers as well as your vehicle while it’s parked, it’s good to consider auto insurance. Our carriers have amazing insurance options that pertain to car insurance, so auto owners can generate cheap quotes for car insurance here.
Flood insurance isn’t a standard part of home insurance, and you will have to get it separately. However, noting that water-related damages are quite frequent, you can obtain water backup damage protection add-on Nationwide and Safeco.
Identity Theft Coverage
Sadly, even if you pick a safe neighborhood, you cannot fully isolate yourself from crime. With cybercrime at its peak, identity theft insurance is becoming more and more of a necessity. In case your information gets stolen, this part of insurance makes the rehabilitation of your identity much easier.
Home Insurance in Michigan: FAQ
Q: How much is homeowners insurance in Michigan?
A: Michigan’s average homeowners insurance rate is around $1,073, depending on a homeowners unique situation and needs. This comes with the common coverage of $200,000 with a deductible of $1 000, and it is slightly lower than the national average of $1 211.
Q: What are the best insurance companies in Michigan?
A: The best insurance companies in Michigan are Safeco and Nationwide. Besides the excellent customer service, they offer a great assortment of insurance products for home and auto owners, as well as life coverage. Regardless of which insurance company you choose, we’ll help you score the best rate for your insurance.
If you enter your info in our quote tool, you’ll get the most affordable homeowners insurance policy based on your ZIP code!
Here at Insurance Geek, we take all the necessary steps to connect clients to the most trusted insurance company. We treat every client as an irreplaceable member of our team, which is why we make sure your insurance costs as cheap as possible.