How much is homeowners insurance in Grand Rapids,OH

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The average cost of homeowners insurance in Grand Rapids is $2,242 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 $340 less than the national average of $2,582.

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

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

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Grand Rapids, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Grand Rapids.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Grand Rapids.

Key takeaways

The average cost of homeowners insurance in Grand Rapids is $2,242 per year.
Allstate is the cheapest homeowners insurance company in Grand Rapids with an average annual premium of $1,516.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $471 more a year for home insurance.

How much is homeowners insurance in Grand Rapids per month

According to our rate analysis, homeowners in Grand Rapids pay an average of $187 per month. It’s $8 more than the state average of $179 and $28 less than the national average for home insurance across the United States.

In Grand Rapids, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

How much is homeowners insurance for a $200,000 house in Grand Rapids

In Grand Rapids, OH, homeowners pay an average of $1,771 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.

How much is homeowners insurance for a $300,000 house in Grand Rapids

According to Insure.com’s rate analysis, homeowners in Grand Rapids typically pay an average of $2,242 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 $471. 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.

How much is homeowners insurance in Grand Rapids by company

Among the carriers analyzed, Allstate is the most affordable homeowners insurance company in Grand Rapids. It’s average annual rate for homeowners in Grand Rapids is $1,516.

Auto-Owners, ranks second and Erie Insurance makes it to the third spot with an average annual home insurance rate of $1,807.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Grand Rapids and compiled a list of the most affordable home insurance companies.

Below are details of Grand Rapids home insurance companies and their average annual premiums.

Home insurance company	Annual rate
Allstate	$1,516
Auto-Owners	$1,622
Erie Insurance	$1,807
State Farm	$1,862
Nationwide	$1,922
American Family	$2,058
Grange Mutual	$2,266
Farmers	$2,512
Travelers	$7,166
USAA*	$1,536

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.