Westfield Insurance is the cheapest home insurance company in Michigan, with rates as low as $965 per year — $500 cheaper than the state average of $1,422 annually.
Cheapest homeowners insurance companies in Michigan
Based on our analysis of home insurance rates in every Michigan ZIP code, we found that the cheapest home insurance companies in Michigan are Westfield Insurance, AAA, and Frankenmuth Insurance, with statewide annual premiums ranging from $965 to $1,118.
Hastings Mutual and Pioneer State Mutual are also among the most affordable home insurance carrier options for Michigan residents in 2024, as detailed in the table below.
Company | Average annual cost |
|---|---|
Westfield Insurance | $965 |
$1,040 | |
Frankenmuth Insurance | $1,118 |
Hastings Mutual Insurance | $1,247 |
Pioneer State Mutual | $1,256 |
$1,372 | |
$1,393 | |
$1,484 | |
$1,587 | |
$1,683 | |
$1,717 | |
$1,890 | |
$2,628 | |
$4,348 |
Cheapest home insurance rates with a history of claims
If you have multiple claims on your record, you'll typically pay more for home insurance, as insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.
With an average annual premium of $1,281, Westfield Insurance offers the cheapest home insurance rates in Michigan if you've filed three claims within a five-year period.
Company | Average annual cost |
|---|---|
Westfield Insurance | $1,281 |
AAA | $1,786 |
Pure Insurance | $1,887 |
State Farm | $1,922 |
Progressive | $1,951 |
Chubb | $2,056 |
USAA | $2,056 |
Hastings Mutual Insurance | $2,456 |
Cincinnati Insurance | $2,681 |
Farmers | $2,765 |
Frankenmuth Insurance | $3,044 |
Pioneer State Mutual | $4,505 |
The Hanover | $4,562 |
Farm Bureau Insurance | $11,039 |
Cheapest home insurance rates if you have poor credit
Insurance companies use your credit score as a factor in determining your premium, with lower scores resulting in higher rates. While they don’t look into your whole credit report, they will use your payment and credit history as an indicator of whether you're likely to file claims or pay your bills on time.
Not all insurers rely on credit scores, however, so it’s still possible to get an affordable rate if you have a low credit score.
With an average rate of $1,510 per year, Frankenmuth Insurance has the cheapest home insurance rates in Michigan for a homeowner with poor credit.
Company | Average annual cost |
|---|---|
Frankenmuth Insurance | $1,510 |
Hastings Mutual Insurance | $1,670 |
Westfield Insurance | $1,730 |
AAA | $1,731 |
USAA | $1,795 |
Pioneer State Mutual | $1,951 |
Progressive | $2,036 |
Auto-Owners Insurance | $2,195 |
Pure Insurance | $2,266 |
Cincinnati Insurance | $2,788 |
State Farm | $2,886 |
Farmers | $3,909 |
Chubb | $4,910 |
Farm Bureau Insurance | $7,162 |
The Hanover | $7,178 |
Cheapest home insurance rates if you have an older home
The median age of homes in Michigan is 49 years old, according to an analysis of U.S. census data by House Method. And like everything else, the age of your home plays a role in how much you pay for home insurance in Michigan.
Older and historic homes are usually more expensive to insure than newer homes. This is because they're more prone to structural damage than new homes. Older homes are also often constructed out of materials and have features that would be expensive to replace if they were damaged.
With an average annual premium of $1,080, AAA offers the cheapest home insurance rates in Michigan for a home over 100 years old.
Company | Average annual cost |
|---|---|
AAA | $1,080 |
Westfield Insurance | $1,088 |
Frankenmuth Insurance | $1,149 |
Hastings Mutual Insurance | $1,247 |
Pioneer State Mutual | $1,290 |
USAA | $1,423 |
Progressive | $1,457 |
Farmers | $1,488 |
Pure Insurance | $1,587 |
State Farm | $1,685 |
Chubb | $1,705 |
Cincinnati Insurance | $1,714 |
The Hanover | $3,024 |
Farm Bureau Insurance | $5,909 |
Common home insurance discounts in Michigan
Many insurance companies offer discounts for bundling home and auto insurance, paying your premium up front, not filing claims, and more. These are just some of the discounts that can add up to big savings on your policy:
Bundling discount
Claims-free discount
Affiliation discount
Protective devices discount
New construction discount
Learn more >> 13 homeowners insurance discounts
How to lower the cost of home insurance in Michigan
You can save money on your home insurance bytaking advantage of available discounts, maintaining a good credit score, and raising your deductible. But the fastest and easiest way to save money on home insurance in Michigan is to reach out to our experts at Policygenius to compare quotes from multiple companies.
Why are home insurance rates in Michigan going up?
A combination of inflation and severe weather are driving up the cost of insurance all across the country, and Michigan is no exception. For example, although the average number of tornadoes per year in Michigan hasn’t changed much, the tornadoes have been more severe, causing significantly more damage than previous years.
