Average homeowners insurance cost in Detroit, Michigan

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The average cost of homeowners insurance in Detroit is $3,478 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 $896 more than the national average of $2,582 .

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

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Detroit, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Detroit.

In Detroit, homeowners insurance costs $3,478 annually.
Auto-Owners offers the most affordable homeowners insurance in Detroit with an average annual premium of $899 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $694 higher.

Average homeowners insurance cost in Detroit per month

Detroit homeowners pay an average of $290 a month. It’s $90 more than the state average of $200 and $75 more than the national average for home insurance across the nation. The price of your homeowners insurance policy in Detroit may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house

In Detroit, MI, homeowners pay an average of $2,784 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

Homeowners in Detroit typically pay an average of $3,478 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 $694 . 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 Detroit by company

Among the carriers we analyzed, Auto-Owners is the most affordable homeowners insurance company in Detroit, offering an average annual rate of $899 , 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 Detroit and put together a list of the most affordable ones.

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

Home Insurance Company	Annual rate
Auto-Owners	$899
State Farm	$2,869
Frankenmuth Insurance	$3,623
The Hanover	$4,127
Farmers	$6,057
Michigan Farm Bureau	$8,521
Automobile Club MI (AAA)	$2,305
USAA*	$2,922

*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

Natural disasters are a part of life in Michigan, often leading to expensive 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.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

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.

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 Detroit for $300,000 dwelling coverage, $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.