Best Homeowners Insurance In Michigan For 2024

The best homeowners insurance policy in Michigan is provided by State Farm, in my professional opinion.

min read
Updated: 17 May 2024
Written by
Bob Phillips
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I can relate to the difficulties of finding and choosing the right insurance company to protect your home and belongings should unexpected damages occur. Through my personal research and experience, I’ve learned that State Farm stands out as being the best overall homeowners company. I’ll encourage you, though, to research other homeowners insurance companies in Michigan that we’ve reviewed for you, and then make your own decision.

Best Home Insurance Companies In Michigan, 2024

Best Home Insurance, Michigan, 2024

Compare The Best Homeowners Insurance Companies In Michigan

Overall Rating Best For A.M Best Rating J.D Power Rating Online Experience Get A Quote
State Farm
4.9

Best Overall

A++

829

9/10

Instant Quote
Farmers
4.4

Policy Perks

A+

792

9/10

Instant Quote
Chubb
4.8

Cheap Rates

A+

809

7/10

Instant Quote
Allstate
4.7

Discounts

A+

816

9/10

Instant Quote
Nationwide
4.6

Best Coverage Options

A++

815

8/10

Instant Quote
Scroll to see comparisons

Our Methodology

To make a determination of the top home insurance companies in the state of Michigan, we used unbiased data from well known rating services like AM Best for financial strength, and J.D. Power for customer satisfaction. We also looked at customer feedback from various consumer websites, along with the author's personal experience.

46

Quotes Analyzed

17

Brands Reviewed

15+

Years Of Experience

28+

Research Hours

Best Homeowners Insurance Companies In Michigan 2024


Best Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
10/10 Coverage Level

Why We Like Them

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.

Benefits & Drawbacks

Benefits
  • Offers affordable, competitive premiums
  • Has a high number of local agents in Michigan
  • Earns the highest financial strength rating available from AM Best
Drawbacks
  • Policies are not available through independent insurance brokers or agents

Best For Policy Perks

Overall Rating
4.4

Key Statistics

9/10 Affordability
6/10 Customer Reviews
7/10 Claims
9/10 Coverage Level

Why We Like Them

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.

Benefits & Drawbacks

Benefits
  • Numerous Farmers agents in Michigan
  • Affordable policy rates
  • More than 12 discounts available
Drawbacks
  • J.D. Power's customer satisfaction ratings are a bit low

Best For Cheapest Coverage

Overall Rating
4.8

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
8/10 Coverage Level

Why We Like Them

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.

Benefits & Drawbacks

Benefits
  • Long list of coverage options so you can personalize home insurance coverage to fit your needs
  • Specialized policies for high end homes
  • Lowest rates in Michigan
  • Has a long list of coverage options to personalize home insurance coverage for every need
Drawbacks
  • Doesn't have a schedule for coverage of personal property
  • Doesn't offer an online quote tool

Best Coverage Options

Overall Rating
4.6

Key Statistics

8/10 Affordability
6/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like 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.

Benefits & Drawbacks

Benefits
  • Numerous agents in your area to provide sales and service
  • High rating from AM Best for financial security
  • Many high quality coverage options
Drawbacks
  • No coverage for short term rentals such as Airbnb
  • A lot of negative reviews from customers online

Best For Discounts

Overall Rating
4.7

Key Statistics

8/10 Affordability
7/10 Customer Reviews
8/10 Claims
8/10 Coverage Level

Why We Like Them

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.

Benefits & Drawbacks

Benefits
  • Strong and stable financially
  • Numerous local agents and claims adjusters in Michigan
  • Has multiple discounts available
Drawbacks
  • Has more customer complaints than average

How To Find The Best Home Insurance Company For You

Finding the best homeowners insurance company for your needs in Michigan takes time and  effort, but it’s a good investment. If you’re like most people, your home is your most valuable asset. Protecting your home and safeguarding it as well as your belongings is critical for the  financial security of you and your family.

Here are five simple steps for finding the best policy for your needs:

  1. Conduct research online about home insurance carriers in Michigan, and then narrow your list down to 3 carriers that sound good for you.
  2. Decide what coverage limits you will need. This is something that you might need an agent to assist with.
  3. Obtain quotes for the needed coverage from the 3 insurers on your list.
  4. Based on financial strength, rates, coverage and customer reviews, select your top insurer.
  5. The last step is to complete your application to the insurer for insurance coverage.

Many companies have online options to get quotes and complete an application, but other companies may require that you speak to an agent.

How Much Does Homeowners Insurance Cost In Michigan?

Homeowners insurance in Michigan costs an average of $1,326 per year.

Cheapest Home Insurance Companies In Michigan

Insurer Annual Rate
Progressive $1,105
State Farm $1,325
Allstate $1,002
USAA $1,141
Chubb $1,197
Farmers $865

Cheapest Cities For Homeowners Insurance In Michigan

City Annual Rate
Holland $990
Grand Rapids $1,043
Niles $1,300
Bay City $1,074
Houghton $1,071

Most Expensive Cities For Homeowners Insurance In Michigan

City Highest Rate
Detroit $2,812
Ecorse $2,352
Benton Heights $1,487
Hamtramck $2,512

Home Insurance Premiums In Michigan – By Deductible

Deductible Average Annual Rate
$500 $1,520
$1,000 $1326
$1,500 $1,329
$2,000 $1,242
$5,000 $1,074

Home Insurance Rates In Michigan – By Coverage Level

Coverage Level Average Annual Rate
$100,000 Dwelling $711
$200,000 Dwelling $1,078
$250,000 Dwelling $1,232
$400,000 Dwelling $1,815

The Most Affordable Areas For Homeowners Insurance In Michigan

Rates for homeowners insurance in Michigan may vary by zip code, with rates ranging from a low of $908 in Ann Abor, zip code 48103, to a high of $2,804 in Detroit, zip code 48201. The least expensive rates by zip code in Michigan are:

ZIP Code City Lowest Rate
48103 Ann Abor $908
48901 Lansing $1,024
49001 Kalamazoo $1,066
48060 Pontiac $1,218

How To Get An Online Home Insurance Quote In Michigan

It has never been any easier to get quotes and choose the right home insurance for your needs in Michigan. Just follow these 3 steps:

  1. Answer the questions on your quote form regarding the value of your home and its contents, square feet of your home, age of your home, and its exterior composition, your zip code, and other information requested.
  2. Then submit your information and get your quotes.
  3. Choose the insurer you prefer and finish the application.

In some instances, there might be other homeowners insurance carriers in Michigan that you’re interested in, but that don’t provide quotes online. If that happens, you will have to contact a licensed insurance broker or agent in your area who is a representative of those companies.

Factors That Impact Cost Of Your Home Insurance Policy In Michigan

Numerous factors determine how much home insurance in Michigan costs, such as:

  • Coverage amounts & deductible: The higher your home’s value, the higher its replacement cost. This means that your insurer will charge you a higher premium. You may offset that with a higher deductible, as a low deductible will also increase your rates
  • The (zip code) location of the home: You will pay higher policy rates if your home is in a zip code that is subject to extreme weather events like hurricanes or damage from hail
  • Your claim history: if you have filed home insurance claims before, most carriers will charge you a higher rate than someone who hasn’t
  • Proximity to flood zones, such as flood zone AH: Living near one of the many lakes in Michigan increases the possibility of flood related claims
  • The age of your home: Home insurance rates for homes more than thirty years old are usually up to 75% higher than newer homes. This is due to the increased expense of rebuilding caused by newer code restrictions along with inflation and the upgraded materials needed

Home Insurance Discounts In Michigan

When you are purchasing homeowners insurance in Michigan, be sure to ask your agent about discounts that might help lower the cost of your policy. You can often receive multiple discounts on one policy, including:

  • Claims-free: If you don’t file a claim for a year, you may receive a discount upon renewal, as long as you remain free of claims
  • Early payment: A discount for buying a new policy at least a week before your existing policy expires
  • Bundle: Some insurers will give you as much as a 25% discount if you “bundle” more than one type of insurance with them, home and car insurance for example
  • New home: discount for insuring a newly constructed home
  • Automatic payment: A discount if your insurance premium is automatically drawn from your bank account
  • Responsible payment: An extra discount for maintaining a good payment history

Michigan Home Insurance Laws To Know

If you are eligible under the law you can’t be denied insurance based on the age of your house, the location of your house, or the neighborhood you may live in.

FAQs

Is home insurance more expensive in Michigan?

Yes, in that it has the 6th highest homeowners insurance rates in the nation. According to a recent study, a Michigan home insurance policy with $250,000 worth of dwelling coverage is $1,527 a year, which is about 7% higher than the national average of $1,428.

How much per month is a million-dollar home insurance policy in Michigan?

Insurers carriers that have the lowest homeowners insurance rates in Michigan are Progressive at $1,105 per year and State Farm at $1,325 per year.

What is the average monthly cost of home insurance in Michigan?

That will depend on the home’s value, but $250,000 in dwelling coverage will average around $2,558 per year.

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