Michigan homeowners insurance calculator -Insure.com

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Michigan home insurance averages $2,411 for a policy with $300,000 in dwelling and liability coverage with a $1,000 deductible, which is below the national average of $2,601. However, rates vary based on location and the coverage you need.

The higher the replacement cost of your home, the higher your dwelling coverage needs and thus the higher your home insurance rates.

Read on to learn more about Michigan home insurance rates and use the Michigan home insurance calculator to estimate what you’ll pay for coverage.

Michigan home insurance calculator

See how the average annual home insurance rates vary with the options chosen.

State

Average Annual Home Insurance Rates In Michigan

$2,513 Average rate

$9,994 Highest
rate

$320 Lowest
rate

Home insurance companies in Michigan

Company	Average annual rate
Auto-Owners	$425
Automobile Club MI (AAA)	$1,468
Frankenmuth Insurance	$1,728
State Farm	$2,026
USAA	$2,140
Farmers	$2,800
The Hanover	$3,284
Michigan Farm Bureau	$6,232

Key Takeaways

Average homeowners insurance rates in Michigan are $2,411 for $300,000 in dwelling and liability coverage with a $1,000 deductible.
The cost of home insurance in Michigan varies by location and by your coverage nees.
Ann Arbor has the cheapest homeowners insurance rates on average, and Detroit has the most expensive.

How to use the Michigan home insurance calculator

Average homeowners insurance rates vary based on location, home, and coverage limits. Use the home insurance calculator below to see the average costs in Michigan. Follow these steps:

Choose how much dwelling coverage you need, ensuring it’s high enough to cover rebuilding your home if necessary.
Choose your liability coverage. Standard home insurance comes with $100,000, but experts recommend at least $300,000.
Select your deductible. You’ll pay this amount out of pocket if you file a claim, so make sure you can afford it. Note that a higher deductible means lower rates.

How does dwelling coverage affect homeowners insurance in Michigan?

The dwelling coverage portion of your homeowners insurance pays for damage to your house from a covered event, such as hail or lightning. The amount of dwelling coverage on your home should equal the calculated replacement cost of the home, which is the amount required to rebuild it at today’s prices.

Although dwelling coverage gets more expensive as you increase coverage, you need enough coverage to replace your home if necessary. Without enough coverage, you could be left with significant out-of-pocket expenses.

The following table shows average rates for varying amounts of coverage. All of these rates include $300,000 in liability and a $1,000 deductible.

Dwelling coverage	Average annual rate	Average monthly rate
$200,000	$1,825	$152
$300,000	$2,411	$201
$400,000	$3,063	$255
$600,000	$4,203	$350
$1,000,000	$6,646	$554

Average homeowners insurance cost in Michigan

The average homeowners insurance cost in Michigan is $2,411, which is below the national average. However, some homeowners need additional coverage, such as flood insurance, to protect their homes against damage, which can increase rates significantly.

Other factors affecting Michigan insurance rates include your home’s age and building materials, local crime rates, and your credit score.

The table below shows the difference between average Michigan home insurance rates and the national average.

Dwelling coverage	Liability	Average annual rate	Difference compared to the national average
$300,000	$300,000	$2,411	$190

Average cost of home insurance in major Michigan cities

Cities that experience frequent weather-related events or have a high crime rate have higher home insurance rates. Ann Arbor has the lowest Michigan homeowners insurance rates on average, and Detroit has the highest average rates.

Compare the average rates in major Michigan cities below for $300,000 in dwelling and liability coverage with a $1,000 deductible.

City	Average annual rate	Average monthly rate
Ann Arbor	$2,025	$169
Dearborn	$3,210	$267
Detroit	$3,475	$290
Grand Rapids	$2,271	$189
Lansing	$2,298	$192
Livonia	$2,497	$208
Sterling Heights	$2,573	$214
Troy	$2,358	$196
Warren	$2,875	$240
Westland	$2,867	$239

What our expert says

Q: What should Michigan homeowners know about insurance?

Anita FoxDirector, Michigan Department of Insurance and Financial Services.

“Having homeowners or renters insurance in place can help provide peace of mind and financial protection if disasters or accidents strike. Though many types of storm damage are covered by homeowners insurance, flood damage is typically not covered unless you have purchased private or federal flood insurance. In addition, water and sewer back-up is also not automatically covered under a homeowners or renters policy, though many companies offer this coverage as an optional endorsement. Anyone with questions or concerns about their coverage needs and options should talk with an insurance agent or insurance company before flooding or damage occurs.”

Methodology

Insure.com commissioned home insurance rates from Quadrant Date Services in late 2023 for a homeowners insurance policy with dwelling coverage levels ranging from $200,000 – $1 million and liability coverage of $100,000 and $300,000. Sample rates were requested using a $1,000 deductible and a 2% hurricane deductible where applicable.