Average homeowners insurance cost in Ann Arbor, MI

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The average cost of homeowners insurance in Ann Arbor is $2,009 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $573 less than the national average of $2,582 .

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Ann Arbor depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

Auto-Owners is the cheapest homeowners insurance company in Ann Arbor with an average annual premium of $490 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Ann Arbor. Keep reading to learn about the monthly cost of homeowners insurance in Ann Arbor, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Ann Arbor.

Key Takeaways

The average cost of homeowners insurance in Ann Arbor is $2,009 per year.
Auto-Owners is the cheapest homeowners insurance company in Ann Arbor with an average annual premium of $490 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $488 more a year for home insurance.

Average homeowners insurance cost per month

Residents of Ann Arbor pay an average of $167 per month for homeowners insurance. This is $33 less than the state average of $200 and $48 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Ann Arbor can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $1,521 per year in Ann Arbor. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house

Homeowners in Ann Arbor typically pay an average of $2,009 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $488 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Ann Arbor by company

Among the carriers we analyzed, Auto-Owners is the most affordable homeowners insurance company in Ann Arbor, offering an average annual rate of $490 , while Automobile Club MI (AAA) ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Ann Arbor and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Ann Arbor and what you can expect to pay with each one on average.

Home Insurance Company	Annual rate
Auto-Owners	$490
Automobile Club MI (AAA)	$1,382
Frankenmuth Insurance	$1,427
State Farm	$1,647
Farmers	$2,063
The Hanover	$3,260
Michigan Farm Bureau	$4,297
USAA*	$2,044

*USAA is only available to military community members and their families.

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Michigan that can impact your home insurance

Living in Michigan means facing the risk of natural disasters that can seriously damage your home and belongings. These events can lead to expensive repairs and major insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

Being aware of your local risks helps you choose the right level of protection, from setting appropriate coverage limits to deciding on deductibles or adding extra coverage. Taking the time to tailor your policy to those risks can help you avoid being underinsured and give you peace of mind if you’re impacted by a natural disaster.

Michigan is commonly affected by Strong wind.

How home insurance protects you against natural disasters

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Ann Arbor for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.