Whether you’re looking for unique policy perks, a company to bundle your home and flood insurance policies with, or the cheapest rates, we rounded up the best home insurance companies in Michigan.
Check home insurance rates in Michigan
Check out the best homeowners insurance companies in Michigan in 2024
According to our analysis, State Farm, Cincinnati Insurance, Farmers, the Hanover and AAA are the best homeowners insurance companies in Michigan.
Policygenius analyzed thousands of quotes from the largest Michigan insurers to find the average cost of homeowners insurance at each company. We then looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of the state's residents to find the best homeowners insurance in Michigan.
Company | Best for … | Average monthly cost | Policygenius rating |
---|---|---|---|
Flood coverage | $140 | 4.8 out of 5 | |
High-value homes | $143 | 4.8 out of 5 | |
Discounts | $116 | 4.5 out of 5 | |
Policy add-ons | $219 | 4.3 out of 5 | |
Cheap rates | $87 | 4.3 out of 5 |
Methodology and 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: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Best for cheap rates: AAA
2024 Policygenius award winner
AAA
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.3
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
New homebuyer discount
Mobile app
Bundle home & auto
All 50 states
Offers earthquake insurance
Offers flood insurance
Offers extended replacement cost
Why we chose it
AAA is among the best home insurance companies in Michigan for its cheap rates (and its range of discounts), coverage options, and membership extras offered by AAA.
Pros and cons
Pros
Affordable rates, plus 15+ home insurance discounts available
20+ policy coverages and add-ons
Slew of other perks and discounts that come with AAA membership
Cons
AAA membership required to purchase home insurance
Coverages, discounts, and claims experience will vary by region
Below-average customer satisfaction scores
More details
Why we chose it
AAA is one of the best homeowners insurance companies in Michigan. The company offers cheaper-than-average rates for Michigan homeowners, plus more than one dozen discounts (like a non-smoking discount, auto-pay discount, and paperless billing discount) that can lower your rates even more.
Besides low rates, AAA also offers a range of coverage options that you can add to a basic policy. AAA's add-ons include extended and guaranteed replacement cost coverage, water backup protection, and all of the perks that come with a AAA membership.
How do AAA home insurance rates compare to the Michigan average?
The average cost of AAA home insurance in Michigan is $1,040 per year, which is around 27% cheaper than the annual statewide average.
How to get a quote
Online or by calling AAA. Keep in mind that membership is required to get a home or auto insurance quote AAA.
Best for policy add-ons: The Hanover
2024 Policygenius award winner
The Hanover
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.3
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Good student discount
Mobile app
New homebuyer discount
Why we chose it
The Hanover home insurance policies come with a slew of quality coverage add-ons and high customer service marks — though coverage from the Hanover can cost much more than average.
Pros and cons
Pros
Offers three tiers of coverage for all types of homes, including a specialized policy for high-value homes
Received 85% fewer complaints in 2021 according to the NAIC complaint index
Mobile app allows you to manage your policy, contact your agent, and report claims on the go
Cons
Rates are much higher than average in Michigan
No online quote tool or live-chat feature on its website
More details
Why we chose it
The Hanover is one of the best home insurance companies in Michigan, especially for buyers who value highly-rated customer service. According to the National Association of Insurance Commissioners, the Hanover receives only a fraction of the complaints expected for its size.
We also like the number of coverages that the Hanover offers. For example, homeowners can add protection to their basic policies, including guaranteed and extended replacement cost coverage, valuable items coverage, equipment breakdown coverage, and water backup protection.
How do the Hanover home insurance rates compare to the Michigan average?
The average cost of home insurance from the Hanover in Michigan is $2,628 per year, which is 85% more expensive than the statewide average.
How to get a quote
You can get a home insurance quote by contacting a local Hanover insurance agent.
Best for discounts: Farmers
2024 Policygenius award winner
Farmers
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.5
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Farmers is one of the best home insurance companies in Michigan for those who want to add coverage to their policies. Farmers also has a range of discounts, slightly cheaper-than-average rates, and high claims satisfaction scores.
Pros and cons
Pros
Optional extended or guaranteed replacement cost dwelling coverage
Receives few complaints from policyholders and has a high claims satisfaction score
Lots of available discounts
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
Rates are about average in Michigan
More details
Why we chose Farmers
Farmers is one of the best home insurance companies in Michigan, especially if you want to add coverage to a basic policy. Optional coverages from Farmers include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.
Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.
Farmers is one of the best companies for bundling home and auto coverage (you could save up to 18% on your premiums by bundling). The company also offers more than a dozen other discounts, many of which are easy for most homeowners to qualify for.
How do Farmers home insurance rates compare to the average in Michigan?
The average cost of Farmers home insurance in Michigan is $1,393 per year, which is 2% cheaper than the state's average annual premium.
How to get a quote
Online through Farmers
Best for high-value homes: Cincinnati Insurance
2024 Policygenius award winner
Cincinnati Insurance
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.8
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A+
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Mobile app
Good student discount
New homebuyer discount
Offers classic car insurance
Offers earthquake insurance
Offers extended replacement cost
Offers gap coverage
Offers wildfire insurance
Why we chose it
Cincinnati Insurance is one of the best home insurance companies in Michigan if your home is worth at least $750,000. If you have a high-value home, Cincinnati Insurance is a great choice for its range of coverage offerings and affordable rates.
Pros and cons
Pros
Earns 5-star ratings for customer service, financial stability, and coverage options
Offers a lot of valuable add-ons, including extended replacement cost coverage
Cons
Best coverage only available to higher-value homes
No online quote tool
More expensive than average in Michigan
More details
Why we chose Cincinnati Insurance
Cincinnati Insurance is one of the top home insurance companies in Michigan for its Executive Select Plan. If your house is worth at least $750,000, you could add extended replacement cost coverage for your home, replacement cost coverage for your personal property, water backup protection, identity theft coverage, and more to your policy.
While Cincinnati Insurance's home insurance rates are more expensive than average in Michigan, the company also offers a few discounts, like a bundling and new home discount, that could offset the its higher rates.
How do Cincinnati Insurance rates compare to the Michigan average?
We found that the cost of home insurance from Cincinnati Insurance in Michigan is $1,064 per year, which is 21% more expensive than average.
How to get a quote
Find an agent via Cincinnati Insurance's website
Learn more about home insurance in Michigan
Check home insurance rates in Michigan