Average homeowners insurance cost in Grand Rapids, MI

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In Grand Rapids, homeowners pay an average annual rate of $2,256 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $326 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Grand Rapids depends on various factors, such as:

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

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Grand Rapids, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Grand Rapids.

Key takeaways

The cost of your homeowners insurance policy in Grand Rapids can vary based on factors such as your location, the value of your home, and the coverage options you select.
Auto-Owners is the cheapest homeowners insurance company in Grand Rapids with an average annual premium of $393.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $561 more, annually for home insurance.

Average homeowners insurance cost in Grand Rapids per month

Residents of Grand Rapids pay an average of $188 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $12 less than the state average of $200 and $27 less than the national average for home insurance across the United States.

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

In Grand Rapids, MI, homeowners pay an average of $1,695 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Grand Rapids

According to Insure.com’s rate analysis, homeowners in Grand Rapids typically pay an average of $2,256 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 $561. It is advisable to 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 Grand Rapids by company

After evaluating several carriers, Auto-Owners is the least expensive homeowners insurance provider in Grand Rapids. It’s average annual rate for homeowners in Grand Rapids is $393.

Automobile Club MI (AAA) holds the second position, while Frankenmuth Insurance secures the third spot with an average annual home insurance rate of $1,561.

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

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.