Besthome insuranceMichigan2022The Best Homeowners Insurance Companies in Michigan (2022)
The best home insurance companies in Michigan balance quality and affordability. When looking for an insurer, you’ll want to consider their customer satisfaction ratings, claims experience and financial stability in addition to prices. MoneyGeek researched the top insurance providers in Michigan and found that Auto-Owners Insurance Co. is the best option overall. However, the best option for you may differ, depending on your needs.
Last Updated: 6/22/2022
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Mark Fitzpatrick
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Overall, the best home insurance in Michigan is Auto-Owners Insurance Co. Of course, the top option for you may differ depending on your specific needs.
For example, State Farm offers better options if you own an expensive home. USAA is usually the best for military members.
Allstate is worth considering if you plan to buy several insurance products, because you may qualify for discounts.
MoneyGeek’s evaluated the best home insurance in Michigan for different types of homeowners. We reviewed the policies and considered their available coverages and discounts to help you find the best option.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in Michigan.
Besthome insuranceMichigan2022The Best Homeowners Insurance in Michigan
Best overall - Auto-Owners Insurance Co
Best for service quality - Auto-Owners Insurance Co
Best on a budget - Auto-Owners Insurance Co
Best for expensive homes - State Farm
Best for veterans - USAA
Best for bundling - Allstate
The Best Overall Homeowners Insurance Companies in Michigan
When you’re shopping for homeowners insurance, you’ll likely want to consider service quality and affordability. MoneyGeek ranked the top providers based on customer satisfaction ratings, claims reputations, financial stability and affordability.
According to our rankings, the best-rated home insurance companies in Michigan are:
- Auto-Owners Insurance Co.: MoneyGeek score is 90 out of 100
- Chubb: MoneyGeek score is 85 out of 100
While USAA scored higher than the above policies at 100, it was excluded from the rankings because it is only available to military families.
MoneyGeek shares why Auto-Owners Insurance and Chubb scored the highest and lists the companies' unique coverage and discounts.
The Top Home Insurance Companies in Michigan
1
Auto-Owners Insurance Co
Score:95
On average, Auto-Owners Insurance’s policies cost $1,844 annually. It has a perfect financial stability score and high affordability and satisfaction scores. Auto-owners Insurance covers major appliances against electrical and mechanical failures.
More About Auto-Owners Insurance Co
In addition to scoring high for stability and affordability, Auto-Owners offers coverage against equipment breakdowns like air conditioners, heating units and computers. They also offer discounts for having no mortgage or line of credit on your home, which not every insurer provides.
2
Chubb
Score:93
The second-best option in Michigan is Chubb, which earned perfect financial stability and affordability scores. Policies cost $1,656 annually on average. It offers cash settlement up to your policy limit after a total loss if you decide not to rebuild or if you rebuild at a new location.
More About Chubb
In addition to covering the restoration of data destroyed by a computer virus, and water damage caused by interior sewers and drains backing up, Chubb’s risk consultants offer a sort of concierge service. They will visit to evaluate what turns your house into your home to make sure you are fully covered.
HOW WE DETERMINED THE BEST MICHIGAN HOME INSURANCE
MoneyGeek collected home insurance quotes from across the country and balanced them against property claims ratings and customer satisfaction scores from J.D. Power. We used these figures to find the best home insurance nationally and in the state of Michigan.
That said, actual insurance costs and customer experience may vary depending on your circumstances. Read MoneyGeek’s methodology for more information.
The Best Homeowners Companies in Michigan for Service Quality
Some homeowners are less concerned about the price of a policy than with customer service and claims experience. If that is the case for you, MoneyGeek ranked the best insurance providers in Michigan based almost entirely on customer satisfaction and claims experience.
The best home insurance companies in Michigan with excellent service quality are:
- Auto-Owners Insurance Co: MoneyGeek score of 89 out of 100
- Chubb: MoneyGeek score of 82 out of 100
USAA scored 100 out of 100, making it the best home insurance option for active-duty military and veterans, but we did not include it in our analysis because it is only available to military families.
MoneyGeek broke down why Auto-Owners Insurance and Chubb scored the highest for homeowners looking for the best service experience regardless of rates.
The Top Home Insurance Companies in Michigan for Quality Service
1
Auto-Owners Insurance Co
Score:95
On average, Auto-Owners Insurance costs $1,844 annually. It provides customers with an excellent service experience while filing claims. Its off-premises personal property coverage is helpful for homeowners who frequently travel.
More About Auto-Owners Insurance Co
Auto-Owners Co has unique additional coverage options. It protects you by extending coverage for damage to underground piping or wiring that connects your home to a public utility service provider or a private system. It also covers you for equipment and some appliances in your home.
2
Chubb
Score:93
Chubb policies cost $1,656 per year on average. Customers filing claims usually get excellent service from this insurer. It offers a unique coverage where a risk consultant surveys your property.
More About Chubb
Chubb provides some unique options that put it at the top in terms of service and quality. It covers the restoration of data destroyed by a computer virus, and water damage caused by interior sewers and drains backing up. Chubb’s trained specialists will visit to evaluate what turns your house into your home to make sure you are fully covered.
The Best Homeowners Companies in Michigan on a Budget
Cost is one of the biggest factors for many people choosing home insurance. MoneyGeek rated the top companies for those who want to save money while benefiting from great quality and service.
The following companies offer the best home insurance in Michigan for homeowners on a budget:
- Auto-Owners Insurance Co: MoneyGeek score of 93 out of 100
- Chubb: MoneyGeek score of 93 out of 100
The average annual premium for Auto-Owners Insurance Co is $1,844 per year. In comparison, the average yearly premium from Chubb costs $1,656 per year.
USAA received top marks at 100 out of 100 and premiums of $1,659 per year, but we excluded it from our rankings since its policies are only available to military families.
MoneyGeek evaluates why Auto-Owners Insurance is the highest-scoring company for homeowners on a budget and highlights some unique coverages and discounts it offers.
The Top Home Insurance Companies in Michigan on a Budget
pros
Affordable home insurance coverage at about $1,844 per year
Discounts including claims-free and bundle
MoneyGeek satisfaction rating of 4.23 out of 5
cons
No new home and home renovation coverages
COMPANY HIGHLIGHTS
Auto-Owners Insurance ranked the highest in Michigan in terms of affordability. It received a 4.79 out of 5 score. Additionally, policyholders receive discount offers that range from standard to rare.
For example, you could receive a discount for bundling with other insurance types, and you may be eligible for a lower premium if you have a favorable loss history. Homeowners can qualify for a discount if they have a good payment history for the prior 36 months, and paying in full and on time means additional savings.
The Best Homeowners Companies in Michigan for Expensive Homes
Additional insurance is typically required to insure more costly homes. MoneyGeek scored the best home insurance companies that balance cost and service quality for expensive homes in Michigan.
The top-rated companies for expensive homes in Michigan are:
- State Farm: MoneyGeek score of 84 out of 100
- Auto-Owners Insurance Co: MoneyGeek score of 81 out of 100
While USAA scored 100 out of 100, we excluded it from our rankings because its policies are only available to military families.
To show you why State Farm ranked the highest for companies offering coverage for pricey homes in Michigan, MoneyGeek broke down the company’s coverages and discounts, pros and cons.
The Top Home Insurance Companies in Michigan for High-Value Homes
pros
Ranks in the top half of the state for affordability for expensive homes
MoneyGeek satisfaction score of 4.09 out of 5
cons
No extended reimbursement and contents replacement cost
COMPANY HIGHLIGHTS
State Farm got a high customer satisfaction rating at 4.09 out of 5. It offers relatively affordable policies for expensive homes.
The company also offers certain coverages that tend to be good for high-value homeowners. These include the following:
- Cyber Event or Identity Theft: State Farm’s optional Identity Restoration and Fraud Loss coverage provides additional protection by offering case management services and expense reimbursement to policyholders whose identities were used in fraudulent activities. If you have this coverage, you can get reimbursement for expenses related to data recovery and system restoration.
- Scheduled Personal Property: State Farm policyholders can get additional protection for valuables. The standard limits are $2,500 for jewelry and furs, $2,500 for silverware and goldware, $1,500 for business property, $2,500 for firearms and $500 for Fire Department service charge.
The Best Homeowners Companies in Michigan for Veterans
MoneyGeek evaluated homeowner’s insurance providers for Michigan. USAA scored 100 out of 100, making it a top choice in the state.
USAA is highly rated in terms of affordability. A USAA home insurance policy for Michigan costs $1,659 per year on average. The company is also highly rated for customer satisfaction and financial stability.
USAA tailors its services to current and former military members and their families.
The Top Home Insurance Companies in Michigan for Veterans
pros
Coverage is tailored to military families.
MoneyGeek affordability score of 4.09 out of 5.
cons
Not available if you don’t have a military background.
MoneyGeek satisfaction rating 3.95 out of 5.
COMPANY HIGHLIGHTS
USAA ranks well for affordability in Michigan and offers unique coverages and discounts beneficial to military families, especially with bundling.
For instance, its policies include Contents Replacement Cost coverage, which pays for the cost of replacing your belongings at today’s prices, without depreciation. You can add optional coverage, like the Home Sharing Coverage, which protects homeowners and guests.
The Best Homeowners Companies in Michigan for Bundling
If you own a vehicle, you may also be thinking about getting auto insurance as well as homeowners insurance, and often bundling these options through one provider can lead to discounts.
MoneyGeek ranked the best auto and home insurance bundles in Michigan. We found companies that balance the best home insurance policies with the best car insurance in Michigan.
In Michigan, the best insurance companies with the best bundling offers are:
- Allstate: MoneyGeek score of 82 out of 100
- State Farm: MoneyGeek score of 81 out of 100
Getting insurance from a single provider not only saves you money, but it’s convenient too. Allstate, for example, allows policyholders to make one-time payments for multiple products.
The Top Home Insurance Companies in Michigan for Bundling
pros
Auto MoneyGeek score of 4.05 out of 5
38% Discount
cons
Homeowners MoneyGeek score of 3.73 out of 5
COMPANY HIGHLIGHTS
Allstate scored a bit higher for auto insurance than it did for home insurance. Regardless, it offers a high discount of 38% when you bundle these products.
Allstate has a list of unique home insurance coverage options. Home Sharing Insurance protects you against damage to your belongings while renting out your home. The Energy Efficiency Upgrade offers to pay the additional cost of damaged or replaced items if you choose an energy-efficient replacement.
Auto insurance policies from Allstate offer new car replacements for cars that are not older than two model years, and Custom Parts Coverage pays for damage to custom equipment.
How to Find the Best Home Insurance in Michigan
Affordability, customer service and a company’s financial stability are all important factors that you’ll want to balance when shopping for homeowners insurance.
MoneyGeek looked at all these factors to find the best home insurance in Michigan. If you want to know how a particular company compares with those on our list, you can emulate our research process.
1
Research Customer Service Reputations in Michigan
J.D. Power satisfaction scores and NAIC complaint ratios can give you an idea of the company’s customer service and claims rating. You can also visit Michigan’s Department of Insurance and Financial Services website to answer your state-specific questions about home insurance.
2
Compare Quotes for Yourself
The average rates MoneyGeek used in this analysis are based on a sample homeowner in Michigan, and your specific needs may be different. Comparing quotes from at least three different providers can help you better understand how much your insurance policy will cost.
3
Make Sure the Company Has Coverages You Want in Michigan
Certain coverage and discount offers are not necessarily available in every state. Before you sign up for a policy, verify with the provider whether a particular coverage that you need is indeed included in your policy.
4
Double-Check Financial Stability Ratings
A company’s financial stability rating can tell you whether this insurer can pay your claims. Large companies tend to be financially stronger, while regional ones may have lower ratings.
FAQs About the Best Home Insurance in Michigan
MoneyGeek answers some of the most common questions about home insurance in Michigan.
Methodology
MoneyGeek scores for homeowners insurance in Michigan were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30%, and financial stability 10%, adjusting weightings in the sections focused specifically on affordability and service experience.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Michigan that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Michigan. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
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