Updated: November 27, 2024
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In Detroit, MI, Auto-Owners Insurance is the overall best and cheapest choice for home insurance. However, if customer service is your priority, Chubb is the best.
These companies cater to different needs, so choose based on what matters to you. Factors like coverage limits, annual premiums and claims process influence your best choice.
Best HomeInsuranceDetroit, MITable of Contents
Why Trust MoneyGeek? We used data from Michigan's Department of Insurance and Quadrant Information Services to find the top homeowners insurance in Detroit, supported by data and industry standards.
Home insurance premiums in Detroit mirror the most competitive offers as of September 2024.
MoneyGeek found that Auto-Owners Insurance is the best option in Detroit, MI, for $100K dwelling coverage, earning a MoneyGeek score of 97 out of 100.
The scores for home insurance companies in Detroit range from 43 to 97. These figures reflect MoneyGeek's scoring system, as insurers may receive different scores based on their credit history, the age of the home, etc.
| Auto-Owners Insurance | 97 | $412 |
| Chubb | 93 | $1,057 |
| State Farm | 84 | $1,498 |
| The Hanover | 71 | $2,252 |
| Farmers | 66 | $3,050 |
| ASI | 64 | $1,450 |
| Encompass | 43 | $5,418 |
MoneyGeek found that Auto-Owners Insurance is the best option for $100K dwelling coverage in Detroit, MI. The two best overall home insurance companies in the city for the same dwelling coverage are as follows:
Auto-Owners Insurance stands out as the best home insurance provider because it excels in affordability and customer satisfaction, which are major contributors to the MoneyGeek score.
In Detroit, various companies offer different cost and service experiences. While cost is important, consider factors like customer service and claim handling, as these can be crucial when making claims.
Auto-Owners Insurance scores high in affordability and customer satisfaction. It offers comprehensive home insurance coverage with guaranteed replacement and personal property replacement costs. The former ensures full home replacement if coverage limits are too low, while the latter covers damage from appliance leaks. Another coverage, building ordinance or law, helps you meet local building codes. Discounts like paperless and pay-in-full help policyholders save.
MoneyGeek found that Chubb offers the best customer service in home insurance in Detroit, MI, for $100K dwelling coverage. In terms of overall performance, the top two providers for this coverage are:
Chubb is the best due to its exceptional customer satisfaction score and solid coverage options. You will benefit from Chubb's comprehensive coverage features that meet various needs. Excellent service in home insurance involves responsive claims processing, ensuring customer needs are met promptly.
Chubb is the best for service quality because of its high customer satisfaction and coverage. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law. Other coverages include risk consulting, which uses expert advice to help prevent damage, lock replacement, which covers lost or stolen keys, and cash settlement, which lets you choose cash instead of rebuilding.
You can save with discounts like new home, which applies if your home is less than 10 years old, and home renovation.
MoneyGeek found that Auto-Owners Insurance is the best cheap home insurance provider for $100K dwelling coverage in Detroit, MI. The top two best cheapest homeowner insurance companies for $100K dwelling coverage are:
Auto-Owners Insurance garnered great scores in affordability and customer satisfaction. Choosing cheap home insurance often involves lower coverage, which can save money but might not be enough if there is an accident. In cases where saving on premiums is key, consider the cheapest companies or learn the average cost of homeowners insurance in Michigan. The best cheap insurance balances cost with coverage better than the cheapest options.
Auto-Owners Insurance scores high on MoneyGeek due to its affordability and customer satisfaction. It offers comprehensive coverage with guaranteed replacement cost and scheduled personal property. Other useful coverages include equipment breakdown, which covers home appliances, and building ordinance or law, which helps with code compliance.
You can also save with discounts like responsible payment, which you can qualify for by paying on time for 36 months, and paperless.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 03, 2024
Several factors affect homeowners insurance in Detroit, with location being one. Comparing rates is the best way to save, though it can be time-consuming — up to 15 minutes per company. Comparing three or more can take over an hour. MoneyGeek's home insurance calculator helps you save time by focusing on key factors. Enter your age, dwelling coverage, credit score, deductible, liability coverage and more for an estimate.
MoneyGeek found that Auto-Owners Insurance is the best option in Detroit, MI, for cheap home insurance. The main factor affecting home insurance costs is the dwelling coverage you select.
Auto-Owners Insurance is the most affordable provider based on its competitive pricing and top score. Its strong score is also due to being the best for dwelling coverage costs. Buying the cheapest homeowners insurance in Michigan can significantly aid in managing your finances effectively.
| Auto-Owners Insurance | $412 |
| Chubb | $1,057 |
| ASI | $1,450 |
| State Farm | $1,498 |
| The Hanover | $2,252 |
| Farmers | $3,050 |
| Encompass | $5,418 |
MoneyGeek found that Auto-Owners Insurance is the cheapest option in Detroit, MI, for high-value homes. Higher home insurance costs occur because greater dwelling coverage is needed for homes that would be costly to replace.
According to MoneyGeek, Auto-Owners Insurance stands out not only in cost but also in other policy features that make it a favorable choice.
| Auto-Owners Insurance | $903 |
| State Farm | $6,198 |
| ASI | $6,876 |
| Chubb | $7,500 |
| The Hanover | $8,134 |
| Farmers | $15,222 |
| Encompass | $19,017 |
Auto-Owners Insurance stands out as the most affordable option for new homes in Detroit, MI. It offers the cheapest annual premium for dwelling coverage of $100K.
Auto-Owners Insurance is the most affordable choice in Detroit based on cost, though the cheapest isn't always the best, according to MoneyGeek evaluations. Remember, it's important to be adequately covered regardless of your chosen provider.
| Auto-Owners Insurance | $366 |
| ASI | $710 |
| The Hanover | $774 |
| Chubb | $777 |
| State Farm | $899 |
| Farmers | $2,033 |
| Encompass | $3,032 |
The best cheap homeowners insurance providers balance quality and cost by offering great customer service and coverage with affordable premiums. In Detroit, the best cheap homeowners insurance depends on your needs. Consider factors beyond premiums, such as coverage options and customer service. Follow these steps to get the best cheap home insurance:
To determine how much home insurance coverage you need, consider your home's specifics in Detroit, such as rebuilding costs and liability needs.
Research insurance companies operating in Detroit. Prioritize those with good financial health and positive customer feedback.
After identifying necessary coverages, compare home insurance quotes. In Detroit, $100K dwelling coverage premiums range from $412 to $5,418 annually.
Inquire each insurer about potential discounts, such as bundling policies or having safety features.
Choosing a higher home insurance deductible can lower your premium, but ensure it's an amount you can afford.
Enhancing home security with systems and strong locks can lower your risk and reduce insurance costs.
Keep a strong credit score in Detroit, as it affects your insurance rates. Pay bills promptly and minimize debt.
Consider combining your homeowners insurance with other policies like auto insurance to achieve savings.
The best cheap home insurance provider in Detroit ultimately depends on what coverage you need and how much you can spend. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Detroit, MI.
The average cost of home insurance in Detroit is $1,635.
The cheapest home insurance company in Detroit is Auto-Owners Insurance, with an annual premium of $412.
The best home insurance in Michigan for Detroit residents is from Auto-Owners Insurance, with a MoneyGeek score of 97 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
