Average homeowners insurance cost in Grand Rapids, Michigan

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Our data shows that the average cost of homeowners insurance in Grand Rapids is $2,256 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $326 less than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Grand Rapids depend on several 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 Grand Rapids, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Grand Rapids.

Key Takeaways

Homeowners insurance costs $2,256 per year in Grand Rapids.
At $393 per year, Auto-Owners offers the cheapest homeowners insurance in Grand Rapids.
Your home insurance rates increase by $561 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Grand Rapids per month

Residents of Grand Rapids pay an average of $188 a month for homeowners insurance. It’s $12 less than the state average of $200 and $27 less than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Grand Rapids may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Grand Rapids, MI, homeowners pay an average of $1,695 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

As per rate analysis by Insure.com, homeowners residing in Grand Rapids typically pay an average of $2,256 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $561 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Grand Rapids by company

After comparing several homeowners insurance companies, Auto-Owners offers the lowest rates in Grand Rapids. Its average annual rate for homeowners in Grand Rapids is $393 , while Automobile Club MI (AAA) is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Grand Rapids and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Grand Rapids and their average annual premiums.

Home Insurance Company	Annual rate
Auto-Owners	$393
Automobile Club MI (AAA)	$1,334
Frankenmuth Insurance	$1,561
State Farm	$1,717
Farmers	$2,444
The Hanover	$2,920
Michigan Farm Bureau	$6,490
USAA*	$2,087

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

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in Michigan that can impact your home insurance

Living in Michigan comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

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.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Grand Rapids 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.