Our ultimate guide to home insurance in Michigan can help you find the best home and flood insurance companies in your area, learn about the average cost of home insurance in your city or town, find the right coverage for the type of property you want to insure, and more.
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Average cost of home insurance in Michigan
The average cost of home insurance in Michigan is $1,422 per year, but rates have gone up for many homeowners. According to our Policygenius Home Insurance Pricing Report, people who renewed their coverage in 2023 saw an average premium increase of 21% compared to the year before.
Rates in Michigan and in many other states will likely keep going up. As storms get stronger and bring destructive wind and flooding that affects more homes, premiums will increase. Higher rebuilding costs that stem from inflation will also play a part in pushing the cost of home insurance higher.
Learn more >> Average cost of home insurance in Michigan
Best home insurance in Michigan
The best homeowners insurance company in Michigan is State Farm for its affordable rates and coverage options, as well as its highly rated customer service and strong financial strength. We gave State Farm 4.8 out of 5 stars, but your best home insurance company will depend on the amount and kind of coverage you need, the age of your home, your budget, and other factors specific to you.
Learn more >> Best home insurance companies in Michigan in 2024
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Cheapest home insurance in Michigan
The cheapest homeowners insurance company in Michigan is Westfield Insurance, followed by AAA and Frankenmuth. Home insurance from Westfield Insurance costs about 32% less than the statewide average.
If you’re having trouble finding affordable home insurance, consider bundling your home and auto insurance, paying your premiums all at once, and outfitting your home with protective devices like deadbolted doors, a burglar alarm or security system, and intruder-proof windows.
Learn more >> Cheapest home insurance companies in Michigan in 2024
Michigan home insurance rates by city
Ann Arbor has the cheapest homeowners insurance rates in Michigan (looking at its 20 largest cities). The cost of home insurance in Ann Arbor is about 15% cheaper than the statewide average in Michigan. Other cities in Michigan with cheaper-than-average home insurance rates include Grand Rapids and Kalamazoo.
How to buy home insurance
Given the possibility of severe weather and flooding in Michigan, it’s worth keeping a few things in mind as you shop for home insurance. Here’s what you should know:
Consider adding replacement cost coverage to your policy so that you can fully rebuild your home if it’s destroyed by severe weather.
Shop for flood insurance if you live in a low-lying area.
Get a homeowners insurance policy that matches up with your home — you may have to shop for coverage designed for high-value homes, mobile homes, or buildings you own and lease.
Learn more >> How to buy home insurance in Michigan
Flood insurance in Michigan
A regular homeowners insurance policy doesn’t cover flood damage. Since Michigan has more than 10,000 lakes (not to mention the Great Lakes that surround it), there’s a good chance that your mortgage lender will require you to buy flood insurance as a condition of your loan.
About 366,735 homes in Michigan have a high chance of experiencing flood damage.
The average cost of flood insurance in Michigan is $72 a month or $886 per year.
Coverage is most expensive in East Lansing ($2,567 per year) and cheapest in New Buffalo ($353).
Most flood insurance policies are sold by the National Flood Insurance Program (NFIP), but you can also get flood insurance from a private insurer.
Learn more >> Compare quotes for flood insurance in Michigan
Mobile home insurance in Michigan
Home insurance is different from mobile or manufactured home insurance. In Michigan, American Modern, Foremost, and Michigan Farm Bureau are among the top insurance companies offering home insurance specifically designed for mobile homes.
Learn more >> Mobile home insurance companies in Michigan
Landlord insurance in Michigan
You need insurance for your rental property if you own an apartment or house you lease to short- or long-term tenants. Three of the top insurers offering landlord insurance in Michigan are Farmers, Liberty Mutual, and Obie. On average, landlord insurance costs $1,777 per year in Michigan.
Learn more >> Landlord insurance companies in Michigan
When is storm season in Michigan?
According to the National Weather Service, Michigan’s severe storm season typically lasts from June to September, peaking around the middle of summer. Michigan may also experience strong storms during the fall, specifically November, as cold air from farther north mixes with warm southern air.
Michigan’s Department of the Environment, Great Lakes, and Energy states that in the past Michigan has been affected by severe weather like windstorms and sometimes tornadoes, strong thunderstorms, and hailstorms. As the area gets warmer, its weather patterns may change and storms may get even stronger. To prepare, you should:
Consider replacement cost coverage so that you’re sure you can rebuild your home if it’s destroyed.
Purchase flood insurance if you live near a low-lying area that’s prone to flooding.
Install storm-resistant windows and shutters, and upgrade your roof.
Plan ahead for power outages by filling an emergency bag with essentials.
