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Best homeowners insurance in Michigan for 2022

Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance. Amy Sims is a managing editor for Bankrate, leading a team responsible for creating educational insurance content. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 07, 2022

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What To Know First

Collapse Caret Up Bankrate launched a study of 2022 homeowners insurance rates across the country, and for $250,000 in dwelling coverage, the average annual premium for a homeowners policy in Michigan is $1,292. However, at Bankrate, we understand that there are many facets to a quality insurance policy. After all, our insurance editorial team includes four licensed agents with 47 years of combined experience. To get a holistic view of insurance companies, we examined a wide range of metrics, including online accessibility, endorsement options, financial strength ratings and customer satisfaction. Our extensive research shows you may find the best Michigan homeowners insurance with USAA, State Farm or Allstate. Collapse

Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We've maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we're putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most - price, customer service, policy features and savings opportunities - so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we're putting accuracy first.

Bankrate launched a study of 2022 homeowners insurance rates across the country, and for $250,000 in dwelling coverage, the average annual premium for a homeowners policy in Michigan is $1,292. However, at Bankrate, we understand that there are many facets to a quality insurance policy. After all, our insurance editorial team includes four licensed agents with 47 years of combined experience. To get a holistic view of insurance companies, we examined a wide range of metrics, including online accessibility, endorsement options, financial strength ratings and customer satisfaction. Our extensive research shows you may find the best Michigan homeowners insurance with USAA, State Farm or Allstate. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

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How Bankrate chose the best homeowners insurance in Michigan

To find the best homeowners insurance companies in Michigan, we first examined average annual premiums for major carriers in the Great Lakes state to find the cheapest coverage. However, the best insurance company is not necessarily the least expensive, so we looked to other factors such as coverage add-ons, discount availability, mobile app accessibility, third-party scores and financial strength ratings. Then, we converted these metrics into a Bankrate Score that ranges from 0.0 to 5.0 (with 5.0 being the highest possible rating). Our goal is to distill a wealth of information into a score that's easy for shoppers to understand while also providing a comprehensive view of an insurance provider.

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on 40-year-old homeowners with a clean claim history and the following coverage limits: Coverage A, Dwelling: $250,000 Coverage B, Other Structures: $25,000 Coverage C, Personal Property: $125,000 Coverage D, Loss of Use: $50,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Best home insurance companies in Michigan

Proprietary rate data provided by Quadrant Information Services, customer satisfaction scores from the and other factors such as coverage and discount availability points to USAA, State Farm and Allstate as some of the best homeowners insurance companies in Michigan. If you are getting quotes for Michigan home insurance, you might want to add these companies to your list: Insurance company J.D. Power AM Best Average monthly premium Average annual premium Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power 884 /1,000 AM Best A++ (Superior) Average monthly premium $72 Average annual premium $862 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power 829 /1,000 AM Best A++ (Superior) Average monthly premium $108 Average annual premium $1,297 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power 815 /1,000 AM Best A+ (Superior) Average monthly premium $108 Average annual premium $1,291 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power 792 /1,000 AM Best A- (Excellent) Average monthly premium $195 Average annual premium $2,339 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power Not rated AM Best A (Excellent) Average monthly premium $142 Average annual premium $1,703 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Average rates are for annual policies with $250,000 in dwelling coverage. *Not officially ranked by J.D. Power due to eligibility restrictions This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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Return to form Key Takeaways Michigan homeowners pay an average of 7% less per year for home insurance than homeowners nationwide, based on 2022 rates. Based on our analysis, the best home insurance companies in Michigan are USAA, State Farm, Allstate, Farmers and The Hanover. Common causes of home damage in Michigan include severe weather, burglary and water damage. Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview USAA received the highest score for customer satisfaction from J.D. Power, but the company is not eligible for official ranking because it only serves military members, veterans and their eligible family members. If you qualify, though, you may find that USAA offers below-average rates and exceptional customer service. The company does not offer many discounts, but it does offer numerous optional endorsements that may benefit military members, including earthquake coverage and home sharing coverage. Under a USAA homeowners insurance policy, military uniforms are also covered in certain scenarios. Pros and cons CheckmarkPros Unique, military-focused coverage for members of the armed forces and their eligible family Consistently high customer satisfaction per J.D. Power Close XCons Strict eligibility requirements Does business over the phone and online, so it may not be the best choice for policyholders wanting an in-person experience Average annual premium by city Michigan city USAA average annual premium for $250K dwelling Ann Arbor $783 Detroit $1,118 Grand Rapids $803 Sterling Heights $930 Warren $992 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview State Farm has exclusive agents in communities throughout Michigan, so if you like to handle insurance in person, State Farm could be a good fit. You might also consider State Farm for homeowners insurance if you have a new or upgraded roof. The company offers discounts for roof age, material and impact resistance. State Farm also scored above average in the . However, the insurer has a number of complaints per the National Association of Insurance Commissioners (NAIC). Shoppers with customer service at top-of-mind may want to read online reviews from current policyholders to get a better feel of their State Farm experience. Pros and cons CheckmarkPros Hundreds of agents located across Michigan High claims satisfaction per J.D. Power Close XCons More complaints with the NAIC than some companies Although it offers some roof-related discounts, overall discounts may be lacking Average annual premium by city Michigan city State Farm average annual premium for $250K dwelling Ann Arbor $968 Detroit $1,894 Grand Rapids $1,061 Sterling Heights $1,214 Warren $1,298 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: + Avg. annual premium for 250k dwelling $ Company overview With Allstate, you may be able to add options like water backup coverage, electronic data recovery, business property coverage and coverage for musical instruments to your homeowners insurance policy. Allstate also offers a HostAdvantage package, which provides coverage if you rent your home as a . The company offers several discounts that might help you lower the cost of your policy. However, Allstate's complaint index from NAIC is much higher than average. A Score of 1.000 represents the average number of complaints; Allstate's home insurance index is . Pros and cons CheckmarkPros Robust coverage options Short-term rental coverage available Close XCons Scores high on the NAIC's complaint index Falls lower than segment average for overall customer satisfaction per J.D. Power Average annual premium by city Michigan city Allstate average annual premium for $250K dwelling Ann Arbor $1,071 Detroit $2,235 Grand Rapids $993 Sterling Heights $1,136 Warren $1,431 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: - Avg. annual premium for 250k dwelling $ Company overview When you get a home insurance quote from Farmers Insurance Group, you start by selecting one of its three coverage packages: Standard, Enhanced or Premier. From there, you can personalize your policy with endorsements like declining deductible, claim forgiveness and cosmetic damage coverage. Although the company did receive a below-industry-average rating from J.D. Power for overall home insurance customer satisfaction, it was ranked above average in the 2022 J.D. Power U.S. Property Claims Satisfaction Study, so policyholders appear to be generally satisfied with Farmers' claims service. Pros and cons CheckmarkPros Predetermined homeowners coverage packages make shopping easy High scores in the 2022 J.D. Power U.S. Property Claims Satisfaction study Close XCons Financial strength rating not as high as some other companies Scored second-from-last in the J.D. Power 2022 U.S. Home Insurance Study for overall customer satisfaction Average annual premium by city Michigan city Farmers average annual premium for $250K dwelling Ann Arbor $1,506 Detroit $4,954 Grand Rapids $1,850 Sterling Heights $2,000 Warren $2,655 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: Avg. annual premium for 250k dwelling $ Company overview The Hanover was named one of the best home insurance companies in Michigan for its A (Excellent) AM Best financial strength rating, thorough list of coverage options for various needs and coverage options for high-value homes. The Hanover offers a "prestige" home insurance for , which may be useful for high net worth individuals and other qualifying customers. However, The Hanover comes with the lowest Bankrate Score on our list because the company is unrated by J.D. Power and has a higher than average complaint index according to the NAIC. Additionally, The Hanover's mobile app scores a on Apple's App Store. Pros and cons CheckmarkPros Tailored coverage for high-value homes Unlimited loss of use coverage is available if your home is uninhabitable due to a covered claim Close XCons Unrated by J.D. Power Online customer reviews reveal possible technical issues with mobile app Average annual premium by city Michigan city The Hanover average annual premium for $250K dwelling Ann Arbor $863 Detroit $3,228 Grand Rapids $1,212 Sterling Heights $1,252 Warren $1,332 Explore Bankrate's review

How much is homeowners insurance in Michigan

A homeowners insurance policy with $250,000 in dwelling coverage costs an average of $1,292 per year in Michigan, which is nearly 7% less than the national average annual of $1,383. On average, home insurance in Michigan is slightly more expensive than in neighboring states. For instance, the average cost of $250,000 in dwelling coverage is $1,180 per year in Indiana and $1,119 per year in Ohio. Michigan home insurance may be costlier due to its severe winters that bring an increased risk of damage from snow, sleet and ice. While Michigan experiences extreme winters, the state does not experience as many extreme catastrophic weather events as some other states. Summer storms are relatively common across the state, but tornadoes are not nearly as widespread as they are in the Midwest’s “Tornado Alley.” However, Michigan did experience , according to the Insurance Information Institute (Triple-I). On the other hand, Michigan’s northern positioning and the surrounding Great Lakes can make winter weather particularly harsh, with numerous snow and ice events.

MICHIGAN CITY AVERAGE ANNUAL PREMIUM FOR $250K DWELLING COVERAGE Ann Arbor $926 $2,544 Grand Rapids $1,016 Sterling Heights $1,170 Warren $1,353

Common causes of home damage in Michigan

If you own a home in Michigan, you may first want to understand the common causes of home damage in the state. This information can help you choose the coverage types you may need to protect your finances from those threats.

Common causes of claims in Michigan

While extreme weather events that lead to natural disasters may be uncommon in Michigan, homeowners may want to be prepared for a wide array of weather events that can still lead to home damage on a smaller scale. With hot summers and cold winters, weather in this state can change drastically throughout the year. Even so, the weather is not the only cause of home damage. In Michigan, some common causes of property damage are: : Counties in the southeast part of the state are at a higher-than-average risk of floods, with an average claim payout of $10,900. : Winds in Michigan can be fierce all year, especially - and Michigan has plenty of coastline along four of the Great Lakes. Severe windstorms can damage roofs, siding, windows and other exterior areas of your home, as well as property stored outside. : Especially in metropolitan areas of the state, the risk of burglary and theft increases. These events can damage your home and cause the loss of your personal belongings. : Whether from heavy rains, melting snow, ice storms or water backup, water damage happens often in Michigan. Understanding the common causes of damage in your area can help you decide what coverage to add to your insurance.

Home insurance coverage options in Michigan

When you buy a homeowners policy in Michigan, the policy usually includes standard coverage types, like dwelling coverage, personal property coverage and liability coverage. But a standard policy may not cover you for all of the threats to your home. You may also want to consider these additional coverage options: : Flood damage is not covered by a standard homeowners insurance policy and coverage typically requires its own policy, although some companies offer the coverage as an endorsement. If you have a mortgage or home loan and are in a designated flood zone, your lender may require you to buy . Flood policies are available through the federally-backed NFIP and dozens of private flood insurers. All parts of Michigan have some degree of , but the Northern Peninsula and Southeastern part of the state carry the most significant risk. : This coverage is usually offered as an endorsement and provides financial protection for the damage caused by water backing up in a sewer or drain line or if your sump pump fails. This type of damage is relatively common in basements and crawl spaces, but it can happen from any water line in the house. : As more personal information is stored online, it is becoming easier for thieves to steal your identity and cause you financial and reputational harm. More than cases of identity theft were reported in Michigan in 2020.This endorsement helps provide coverage for the costs of restoring your stolen identity. Because Michigan has such unique factors for homeowners, with hot summers, long winters and lots of water, working with a professional insurance agent to help you decide what coverage options are appropriate for your situation might be beneficial.

Frequently asked questions

How much you pay for homeowners insurance depends on many individual factors, including the company you choose, the coverage types and levels you purchase, the discounts you qualify for, your claims history, the age of your home and the condition of your roof, among others. from several of the might help you find a company that offers the coverage you need for a low price. Just keep in mind that getting cheap coverage doesn't necessarily mean you are getting the coverage you need to be financially protected from claims. Reviewing your coverage needs with an insurance agent may be a helpful step when buying home insurance coverage.

You may want to start your home insurance search by requesting quotes from multiple providers. Typically, you can get quotes online, over the phone, or via the company's mobile app. You will typically need to provide information about your home, like the year it was built, square footage, roof age and details about any custom features or finishes. Once you agree to finalize a policy, you may have to sign an application and make at least one month's premium payment unless your managed by your mortgage lender.

The you buy is unique to your home and financial circumstances. Some policyholders choose to purchase dwelling coverage for the full replacement value of their home, so that they can rebuild it entirely in the event of a catastrophic loss. You may also want to consider your liability exposure. If you have a swing set, pool, dog or host guests often, you may want to consider purchasing a higher amount of liability coverage for increased financial protection. A personal , which provides a second layer of liability protection, might also be a policy worth considering. Working with an agent could help you choose the coverage options that are best for your situation.

Most standard home insurance policies cover hazards like fire, wind, hail, explosions, smoke, theft and vandalism. Standard policies also typically include , which provides coverage for temporary housing if your home is uninhabitable due to a covered loss. You can also add endorsements to your policy that could increase your coverage, such as water backup and ID theft protection. There are several different , policy variations and endorsements, so you may want to check with your insurance agent to see what your policy covers.

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Written by Carol Pope Insurance Writer Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance. Amy Sims is a managing editor for Bankrate, leading a team responsible for creating educational insurance content. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

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Best Homeowners Insurance in Michigan for 2022

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Best homeowners insurance in Michigan for 2022

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How we make money

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What To Know First

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How Bankrate chose the best homeowners insurance in Michigan

Best home insurance companies in Michigan

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How much is homeowners insurance in Michigan

Common causes of home damage in Michigan

Common causes of claims in Michigan

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