Average homeowners insurance cost in Ann Arbor, MI

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The average cost of homeowners insurance in Ann Arbor is $2,009 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $573 less than the national average of $2,582.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Ann Arbor depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Ann Arbor, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Ann Arbor.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Ann Arbor.

Key takeaways

The cost of your homeowners insurance policy in Ann Arbor can vary based on factors such as your location, the value of your home, and the coverage options you select.
Auto-Owners is the cheapest homeowners insurance company in Ann Arbor with an average annual premium of $490.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $488 more, annually for home insurance.

Average homeowners insurance cost in Ann Arbor per month

Residents of Ann Arbor pay an average of $167 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $33 less than the state average of $200 and $48 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Ann Arbor may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Ann Arbor

In Ann Arbor, MI, homeowners pay an average of $1,521 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Ann Arbor

According to Insure.com’s rate analysis, homeowners in Ann Arbor typically pay an average of $2,009 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $488. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Ann Arbor by company

Among the carriers analyzed, Auto-Owners is the most affordable homeowners insurance company in Ann Arbor, offering an average annual rate of $490.

Automobile Club MI (AAA) ranks second, while Frankenmuth Insurance holds the third spot with an average annual rate of $1,427.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Ann Arbor and compiled a list of the most affordable options.

Below are the details of home insurance companies in Ann Arbor and their average annual premiums.

Home Insurance Company	Annual rate
Auto-Owners	$490
Automobile Club MI (AAA)	$1,382
Frankenmuth Insurance	$1,427
State Farm	$1,647
Farmers	$2,063
The Hanover	$3,260
Michigan Farm Bureau	$4,297
USAA*	$2,044

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Ann Arbor for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.