Best Homeowners Insurance In Michigan For 2024

State Farm made the top of our list based on its strong agent presence in Michigan, along with high satisfaction ratings from customers, plus premiums that are affordable. This company’s excellent J.D. Power customer service ratings are important because of the presence of local agents in the aftermath of extreme weather, such as a tornado. These ratings are also critical because they’re a reflection of the numerous State Farm claims adjusters and claims offices located in Michigan.

With State Farm home insurance, you can select a standard home insurance policy and tack on extra coverage options to suit your personal needs. These options may include protection for meeting standards and new ordinances and laws when rebuilding, ID theft, and your  valuables such as jewelry and collectibles. Of note is that State Farm has the highest financial strength rating from AM Best, with an A++.

If you’re ready to begin the process of obtaining a quote for coverage from State Farm, you can start online. But to actually purchase a policy, you’ll need to contact a local agent. Policyholders have easy access to their accounts on the the website or State Farm app. These tools may be used to file claims, make payments, enroll in paperless billing and other tasks. In addition, the website has a resource library that is helpful if you want to learn more about your insurance.

Farmers home insurance ranks highest for multiple perks offered. Additionally, it also has a top score for online experience based on how thorough its explanations of these perks, along with the discounts for established or prospective policyholders. Some of these home insurance perks include:

• Multi-policy savings: If you have multiple policies with Farmers, such as home and auto, you’ll save as much as 34% on your premium
• Claim Forgiveness: When you’ve gone 5 years with no claims, your premiums won’t be raised if you do file a claim
• Guaranteed replacement cost: No matter the price, Farmers will pay you the full cost to rebuild or repair your home
• Claim free discount: No claims for a period of 3 years means that you get a discount on your homeowners insurance

• Declining deductible: For every year that your policy is in force, you receive a $50 discount toward your deductible.

Farmers’ overall score of 9.3/10 is a reflection of its lower J.D. Power ratings for policyholder service and  customer satisfaction.

Chubb has the most affordable homeowners insurance in Michigan. An average policy will cost you about $1,362 a year, which is $1,170 less than the statewide average cost.

Although Chubb has the least expensive homeowners insurance rates in Michigan, there’s no compromise on quality. Chubb’s policies are made for higher value homes. The company is well known for financial stability and strength. Add to that their outstanding customer service and it’s easy to see why this may be an insurer worth looking into if you’re shopping for home insurance. You don’t only get lower premiums, but also extended replacement cost coverage that repairs or replaces your items even if they’re not worth as much as you originally paid for them.

AM Best gives Nationwide an A+ (Superior) rating for its financial strength. However, it falls down a little in customer satisfaction based on multiple unfavorable reviews left online by policyholders. Nationwide has a strong presence of both agents and offices in Michigan, plus claims adjusters.

With their standard homeowners policy, you can take advantage of coverage that isn’t offered by most insurers. This coverage includes things such as ordinance or law coverage in the event you have to rebuild and comply with stricter codes. It also provides reimbursement for credit or debit card fraud.

If you would like to customize your coverage with Nationwide, they offer some options that are unique. An example is their Better Roof Replacement option, which pays for upgrading your roofing materials if they have to be replaced after a covered loss.

Yet another option, called Brand New Belongings, pays you the cost of your personal belongings. You’re reimbursed for the depreciated value of your belongings if they’re  destroyed or damaged. You are then able to buy replacements, and then send receipts to Nationwide to be reimbursed for the difference in cost.

Allstate has eleven homeowners insurance discounts. This is a significantly higher number than the industry average of seven discounts. Most homeowners insurance analysts, and I, think that some of Allstate’s multiple discounts are unique.

Allstate’s discounts include:

• Protective device: The installation of fire and theft protection
• Responsible Payment: You receive a discount for having a good payment history
• Claims Forgiveness: This is extra coverage that will prevent your rate from going up after you have a claim
• Claims Free: You can receive 5% back on renewal if you haven’t filed a claim all  year
• Early Payment: If you buy a new insurance policy at least 7 days before your old one expires, you can get up to a 10% discount
• Deductible Reward: $100 off your deductible on taking out a policy
• Bundle: As much as a 25% discount if you bundle home and car insurance
• Automatic Payment: Sign up for auto pay and have your premium deducted from your bank account automatically, and get up to a 5% discount
• Loyalty: Renew with Allstate and receive a 5% discount
• Home Buyer: Recent homebuyers receive a discount
• New Home: This is a discount for insuring a newly built home

Nearly twice the insurance industry average of 5, Allstate has 9 optional coverage types for home insurance. Besides the common options like scheduled personal property and identity theft, Allstate has unique insurance coverage for home owners who have a yard and garden. This option ups coverage limits for the replacement of equipment like riding mowers and landscaping, too.