Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Michigan Average homeowners insurance cost in Michigan Homeowners insurance in Michigan costs $2,396 per year or $200 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. | Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.On average, Michigan homeowners insurance costs $2,396 a year, based on Insure.com’s data. Learn more about the average homeowners insurance rates by company and ZIP code in Michigan. Key Takeaways Homeowners insurance costs an average of $2,396 a year, based on Insure.com analysis.Of all the ZIP codes in Michigan, 49682 has the most affordable home insurance rates at around $1,927 annually.In Michigan, Auto-Owners provides the most affordable home insurance at an average annual premium of $425. Average home insurance cost in Michigan by coverage levelIn Michigan, the annual homeowners insurance cost is $2,396, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $3,047 in Michigan, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Michigan based on dwelling coverage limits of $300,000, $400,000, and $500,000.Coverage Average annual rate Average monthly rate$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible$1,809 $151 $200,000 with $1,000 Deductible and $300,000 Liability and None Deductible$1,825 $152 $300,000 with $1,000 Deductible and $100,000 Liability and None Deductible$2,396 $200 $300,000 with $1,000 Deductible and $300,000 Liability and None Deductible$2,411 $201 $400,000 with $1,000 Deductible and $100,000 Liability and None Deductible$3,047 $254 $400,000 with $1,000 Deductible and $300,000 Liability and None Deductible$3,063 $255 $600,000 with $1,000 Deductible and $100,000 Liability and None Deductible$4,186 $349 $600,000 with $1,000 Deductible and $300,000 Liability and None Deductible$4,203 $350 $1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible$6,627 $552 $1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible$6,646 $554 In Michigan, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in MichiganIt’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.We have compared the insurers in Michigan using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Michigan. Based on the analysis, Auto-Owners received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.Company Average annual premiumAM Best rating NAIC Complaint IndexOverall scoreAuto-Owners$425A++0.335Frankenmuth Insurance$1,728B++0.034.82Michigan Farm Bureau$6,232A-0.254.78Auto Club Group – ACG (AAA)$1,468A0.294.66Farmers$2,800A0.543.99The Hanover$3,284A0.53.95State Farm$2,026A++0.953.74Average homeowners insurance cost by company in MichiganAuto-Owners has the cheapest homeowners insurance rates in Michigan. Its average annual cost for Michigan homeowners is $425. Auto Club Group – ACG (AAA) and Frankenmuth Insurance also offer affordable insurance.By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.The table below shows the average annual and monthly insurance rates for homeowners in Michigan with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.Company Average annual rate Average monthly rateAuto-Owners$425$35Auto Club Group – ACG (AAA)$1,468$122Frankenmuth Insurance$1,728$144State Farm$2,026$169Farmers$2,820$235The Hanover$3,284$274Michigan Farm Bureau$6,585$549USAA$2,140$178Michigan homeowners insurance rates by ZIP codeIn Michigan, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.Shop around and compare quotes from different insurance companies to find the best home insurance rates in Michigan. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.Most affordable ZIP codes for home insurance rates in MichiganNot every area in Michigan has the same home insurance cost. How much you pay for homeowners insurance in Michigan depends on many factors, including your ZIP code. Our data shows that 49682 ZIP has low-cost home insurance rates in Michigan, at about $1,927 a year or $161 monthly.Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Michigan.ZIP codeAverage annual rateAverage monthly rate49682$1,927$16149654$1,937$16149870$1,950$16348109$1,962$16349877$1,965$16449783$1,966$16449835$1,972$16449876$1,974$16549719$1,980$16548104$1,981$165Most expensive ZIP codes for home insurance rates in MichiganIn Michigan, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.Homeowners in 48226 ZIP pay the highest insurance rates in Michigan, with an average annual premium of $5,518.Below is a list of some of the most expensive ZIP codes in Michigan for homeowners insurance.ZIP codeAverage annual rateAverage monthly rate48226$5,518$46048205$5,491$45848234$5,425$45248223$5,343$44548213$5,331$44448221$5,258$43848235$5,232$43648224$5,213$43448219$5,168$43148227$5,133$428Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Michigan by cityAnn ArborDetroitGrand RapidsSterling HeightsWarrenHome insurance rate trend in MichiganWe analyzed home insurance rate trends in Michigan and found that homeowners insurance rates experienced an overall increase of 4% or $90, from 2022 to 2023.The following data highlights the changes in homeowners insurance rates since 2019.2019 rates2022 rates2023 rates$1,889$2,306$2,396Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Michigan.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Michigan How much is renters insurance in Michigan Average car insurance cost in Michigan Non-owner auto insurance in Michigan How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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