Read our guide on homeowners insurance in Michigan and learn how to find the best policy for your home.
Unexpected events, like fire or theft, can occur at any time and leave you footing the bill for damage to your home. In this guide on homeowners insurance in Michigan, we examine the top providers in the state so you can find the best home insurance company for you.
Best Homeowners Insurance Companies in Michigan
We compared Michigan home insurance providers based on cost, coverage, and customer service. See why Allstate, Amica, and Lemonade are three of the best homeowners insurance providers in Michigan.
Allstate is the top home insurance company in Michigan because of its 24/7 customer service and nine discounts. While Allstate’s policy is standard and includes dwelling, other structures, personal property, loss of use, liability, and medical payments coverage, the company goes above and beyond to make its policies affordable with multiple discounts.
If you’re looking for customizable liability coverage, go with an Amica homeowners insurance policy. While Amica offers standard dwelling, other structures, personal property, loss of use, and medical payments to others coverage, its liability coverage can be tailored to your home protection needs. You can purchase as much as $1 million of coverage or as little as $25,000.
Lemonade offers some of the most affordable policies, advertising policies that start as low as $25 per month. When our Reviews team requested a free quote from Lemonade, we received a quote for $64 per month, which is lower than both the national average and the sample quotes we received from Allstate and Amica.
To get a free quote from Lemonade, visit the company’s website.
Michigan Homeowners Insurance Coverage
Michigan homeowners insurance will typically include these areas of coverage:
- Liability—Liability coverage protects you when you’re responsible for causing bodily injury or property damage. If your dog bites someone or you start a fire that reaches your neighbor, your policy will cover the damages. We recommend purchasing at least $300,0000 of this type of protection.
- Medical payments to others—If someone is injured in your home or on your property, your policy will cover their medical bills. Most policies start with $1,000 of protection per person.
- Dwelling—This part of your policy will cover the cost of rebuilding your home. For dwelling coverage to cover the complete cost of rebuilding, you have to estimate your rebuilding cost by talking to a local appraiser or using the estimate provided by your home insurance company.
- Other structures—This covers detached structures on your property, like a shed or fence, and is usually 10% of dwelling coverage.
- Personal property—This will replace your personal belongings if they’re damaged by an event. If you want to replace your items with new ones, purchase a replacement cash value policy instead of an actual cash value policy, which determines your items’ value based on depreciation. Most companies offer at least 50% of dwelling coverage for personal property coverage.
- Additional living expenses—This will cover living expenses if you can’t live in your home during repairs. You will be reimbursed for any expenses that exceed the normal amount you spend per month, so expect your policy to cover the cost of a hotel room or the cost of meals. You usually get 20% of dwelling coverage for this type of coverage.
Insurance companies will also offer endorsements that add additional coverage to your policy at an increased premium. Common endorsements include protection for valuable items, identity theft, earthquakes, and water backup.
How Much Does a Homeowners Insurance Policy Cost in Michigan?
According to the Insurance Information Institute, the average cost of homeowners insurance in Michigan is $78.50 per month in 2017. That made Michigan the 13th-cheapest state for home insurance.
Note: The cost of your home insurance policy will vary based on where you live, the size of your home, and the coverage you choose.
Factors to Consider Before Buying Homeowners Insurance
Before buying a home insurance policy, consider the following factors:
- Climate—Though rare, extreme winter weather can cause frozen pipes and structural damage. Before purchasing a policy, read through the list of covered perils in your policy to ensure these damages are covered.
- Claims history—If you’ve filed more than two or three claims in the past five years, an insurance provider may consider you riskier to insure. The company will either decide not to insure you or they will increase your insurance premiums under the assumption that you will continue to file a lot of claims.
- Cost of living—If you live in an area with a high cost of living, your policy will cost more. Because the cost of living is based on the housing market, a more expensive housing market means that homes cost more to rebuild, which affects dwelling, other structures, personal property, and loss of use coverage.
Safety features—Having safety features in your home, like a fire extinguisher and security system, will decrease your premium.
*Based on sample quotes our team received
Frequently Asked Questions About Homeowners Insurance in Michigan
What other insurance companies offer homeowners insurance in Michigan?
If you want to get quotes from other national companies, look into companies like Liberty Mutual, Farmers, State Farm, Progressive, AAA, and Geico. For smaller companies with a more personalized customer service experience, consider The Hanover Insurance Group and Michigan Farm Bureau.
What are covered perils?
Covered perils are events that you can file a claim for if they cause damage to your home or personal belongings. Most insurance policies will cover 16 covered perils, including frozen plumbing, smoke, theft, vandalism, and falling objects.
How do I file a claim?
You can file a claim by calling the claims center, logging into your customer portal, or using a mobile app. You will likely hear back within 48 hours about whether your claim is approved or denied. If your claim is approved, you pay your deductible and a company representative will walk you through the rest of the claims process.
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