Cheapest Homeowners Insurance in Michigan (2024 Rates)


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Banner image
ByMark Fitzpatrick
Edited byBenjamar Gabawa
ByMark Fitzpatrick
Edited byBenjamar Gabawa

Updated: May 22, 2024

Advertising & Editorial Disclosure

In Michigan, home insurance rates vary as providers cater to diverse needs. Auto-Owners Insurance is the cheapest provider in Michigan overall. However, ASI is the most affordable option for those with poor credit.

MoneyGeek Logo IconCheapestHome InsuranceMichigan
2024

Why Trust MoneyGeek? MoneyGeek used information from the Michigan Department of Insurance and Financial Services and Quadrant Information Services to obtain data on insurance rates, discounts and more.

recency icon

These rates reflect the cheapest home insurance quotes in Michigan as of 2024.

Overall Cheapest Homeowners Insurance in Michigan

The most affordable home insurance provider in Michigan is** Auto-Owners Insurance**, charging an average of $264 per year for $100K in dwelling coverage. Changing your dwelling coverage limits can significantly impact insurance rates, however.

Auto-Owners Insurance also consistently ranks as the cheapest home insurance option for different coverage levels in Michigan.

See how their rates change by dwelling coverage:

  • Cheapest for $100,000: Auto-Owners Insurance at $264 per year
  • Cheapest for $250,000: Auto-Owners Insurance at $300 per year
  • Cheapest for $500,000: Auto-Owners Insurance at $371 per year

Discover more about cheap home insurance options with MoneyGeek's table and see how dwelling coverage can shape costs.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Auto-Owners InsuranceAnnual Premium$264
ASIAnnual Premium$691
ChubbAnnual Premium$737
State FarmAnnual Premium$829
FarmersAnnual Premium$1,056
EncompassAnnual Premium$1,769
The HanoverAnnual Premium$2,057

Compare Michigan Home Insurance Quotes Online

In Michigan, securing budget-friendly home insurance is best achieved by collecting quotes from various insurers. MoneyGeek’s home insurance calculator streamlines this process, allowing you get home insurance quotes in Michigan quickly without the immediate need for your personal information.

0

Low

0

Average

0

High

Edit your information

Home Insurance Cost Calculator

MoneyGeek's home insurance calculator will give you a customized estimate of your home insurance costs. It's free to use, requires no personal information and we won't send you any spam.

High
Average
Low

Rates updated:

Jun 18, 2024

Edit your information

User Info
California
26-29
Excellent (750-850)
Home
$500,000
$500
$150,000
$100,000
Shield Insurance

Why You Can Trust MoneyGeek

The MoneyGeek partners with some of the companies we write about. However, our content is written and reviewed by an independent team of editors and licensed agents. Reference our data methodology and learn more about how we make money.

Insurance Carrier

Ave. Premium Amount Monthly

Edit your information

Shield Insurance

Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

User Info
California
26-29
Excellent (750-850)
Home
$500,000
$500
$150,000
$100,000

Cheapest Home Insurance in Michigan for High-Value Homes

If you own a high-value home in Michigan and need higher dwelling coverage limits, Auto-Owners insurance is the cheapest option, costing $423 per year. Homeowners with high-value homes usually incur higher insurance costs due to dwelling coverage, the principal cost driver.

For high-value homes, Auto-Owners Insurance is the cheapest option all around. See how their costs change by dwelling coverage:

  • Cheapest for $750,000: Auto-Owners Insurance $423 per year
  • Cheapest for $1,000,000: Auto-Owners Insurance $555 per year

When selecting dwelling coverage limits, make sure to select a limit that matches your home's replacement cost, rather than the property value, to avoid under- or over-insuring. Explore costs for varying dwelling coverage using MoneyGeek's home insurance table below.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
Auto-Owners InsuranceAnnual Premium$423
ASIAnnual Premium$3,060
State FarmAnnual Premium$3,436
FarmersAnnual Premium$4,980
ChubbAnnual Premium$5,110
EncompassAnnual Premium$6,083
The HanoverAnnual Premium$7,403

Cheapest Home Insurance in Michigan for New Homes

The cheapest home insurance company in Michigan for new homes is Auto-Owners Insurance, with an annual premium of $249 for $100K in dwelling coverage. In Michigan, new homes generally receive cheaper insurance, primarily due to their modern construction standards that reduce the risk of damage.

If you have a new home, Auto-Owners Insurance is the cheapest provider across varying coverages. Take a quick look at the rates for varying coverage values:

  • Cheapest for $100,000: Auto-Owners Insurance at $249 per year
  • Cheapest for $250,000: Auto-Owners Insurance at $272 per year
  • Cheapest for $500,000: Auto-Owners Insurance at $316 per year

For detailed insights into how insurance costs fluctuate for newly constructed homes according to dwelling coverage, check out MoneyGeek's comprehensive table below.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Auto-Owners InsuranceAnnual Premium$249
ASIAnnual Premium$382
State FarmAnnual Premium$498
ChubbAnnual Premium$549
The HanoverAnnual Premium$706
FarmersAnnual Premium$719
EncompassAnnual Premium$1,016

Cheapest Home Insurance in Michigan for Low Credit Scores

In Michigan, ASI offers the most affordable home insurance for those with poor credit for $100K in dwelling coverage. Insurers use your credit score to determine your financial capability and to gauge potential risks regarding payment default.

ASI consistently ranks as the most affordable choice in Michigan for those with poor credit. Check out the rates for different coverage values:

  • Cheapest for $100,000: ASI at $1,234 per year
  • Cheapest for $250,000: ASI at $2,192 per year
  • Cheapest for $500,000: ASI at $3,773 per year

If you have a poor credit score in Michigan, expect to pay an average of $6,245 per year for $100K of dwelling coverage — $5,187 more annually than the cost if you have good credit. Examine MoneyGeek's table for a more detailed breakdown regarding varying credit scores and dwelling coverage.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
ASIAnnual Premium$1,234
State FarmAnnual Premium$1,956
ChubbAnnual Premium$2,588
EncompassAnnual Premium$2,629
The HanoverAnnual Premium$8,809
Auto-Owners InsuranceAnnual Premium$10,752
FarmersAnnual Premium$15,749

Cheapest Home Insurance in Michigan With a Claims History

Auto-Owners Insurance is the most affordable home insurance company in Michigan for homeowners with one claim filed in the past five years, charging $264 per year for $100K in dwelling coverage. If you've made a claim before, insurers might charge you more, seeing you as a higher risk for future claims.

Here are the cheapest providers for different coverages:

  • Cheapest for $100,000: Auto-Owners Insurance at $264 per year
  • Cheapest for $250,000: Auto-Owners Insurance at $300 per year
  • Cheapest for $500,000: Auto-Owners Insurance at $371 per year

Having at least two claims in the past five years can lead to higher premiums, costing an average of $1,382 per year — $324 more than the cost if you had no recent claims. Thus, Michigan homeowners must keep a claims-free record to minimize insurance expenses.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Auto-Owners InsuranceAnnual Premium$264
ChubbAnnual Premium$737
ASIAnnual Premium$872
State FarmAnnual Premium$947
FarmersAnnual Premium$1,245
EncompassAnnual Premium$1,960
The HanoverAnnual Premium$2,389

Cheapest Home Insurance in Michigan by Home and Roof Materials

Your home's construction type and roofing material affect your home insurance premiums. For instance, if you have a frame-type home and a shake-treated roof in Michigan, the cheapest provider for such a home is Auto-Owners Insurance, which costs $265 per year. Poorly constructed homes or inferior materials may lead to higher insurance premiums due to their associated risks, such as susceptibility to fire or weather damage.

Auto-Owners Insurance is the most affordable provider across different coverages for a frame-type home with a shake-treated roof. See how they change rates depending on your desired limits:

  • Cheapest for $100,000: Auto-Owners Insurance at $265 per year
  • Cheapest for $250,000: Auto-Owners Insurance at $301 per year
  • Cheapest for $500,000: Auto-Owners Insurance at $372 per year

Better materials and construction often lead to more favorable rates. For instance, a superior construction home with a tile roof costs an average of $1,131 per year — $143 less compared to a frame-type home with a shake-treated roof.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Auto-Owners InsuranceAnnual Premium$265
ChubbAnnual Premium$737
State FarmAnnual Premium$829
ASIAnnual Premium$897
FarmersAnnual Premium$1,158
EncompassAnnual Premium$1,844
The HanoverAnnual Premium$2,186

Cheapest Home Insurance in Michigan by Deductible

Having a higher deductible can save you more each year. In Michigan, Auto-Owners Insurance is the most affordable provider across deductibles, charging $264 annually for a $2,000 deductible with $100K in dwelling coverage and $271 per year for a $500 deductible for the same policy.

See how rates can change with Auto-Owners Insurance based on your deductible:

  • $2,000 deductible: Auto-Owners Insurance at $491 per year
  • $1,500 deductible: Auto-Owners Insurance at $264 per year
  • $1,000 deductible: Auto-Owners Insurance at $264 per year
  • $500 deductible: Auto-Owners Insurance at $264 per year

A deductible is your out-of-pocket cost before your insurance kicks in. Home insurance in Michigan costs an average of $174 less if you have a $2,000 deductible compared to a $500 deductible for $100K in dwelling coverage.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Auto-Owners InsuranceAnnual Premium$264
ChubbAnnual Premium$655
State FarmAnnual Premium$764
ASIAnnual Premium$787
FarmersAnnual Premium$974
EncompassAnnual Premium$1,473
The HanoverAnnual Premium$1,876

Cheapest Home and Auto Insurance Bundle in Michigan

The most affordable company for a home and auto bundle policy in Michigan is Auto-Owners Insurance Co, with an annual premium of $2,731. In some instances and with some providers, bundling your home and auto insurance offers significant savings compared to purchasing both policies with different providers.

  • Auto-Owners Insurance at $2,731 per year
  • Progressive at $3,718 per year

Through bundling, you'll also enjoy the convenience of handling both policies with the same insurer. Having all your insurance needs under one roof simplifies management and communication, giving you one less thing to worry about. To learn more, check out the best Michigan insurance bundle.

Auto-Owners Insurance CoAnnual Premium$2,731
ProgressiveAnnual Premium$3,718
State FarmAnnual Premium$5,989
EncompassAnnual Premium$8,540
FarmersAnnual Premium$11,240

Cheapest Home Insurance in Michigan by City

Auto-Owners Insurance is the most budget-friendly home insurer across many Michigan cities, offering rates from $244 to $343. Costs can vary due to local factors such as building codes, crime levels and weather patterns. Consider that:

  • A city like Grand Rapids has the lowest annual premium with Auto-Owners Insurance at $244.
  • Detroit, on the other hand, has the highest annual premium with the same company at $343.

This disparity underlines the importance of comparison shopping. Insurers calculate rates differently across areas, potentially uncovering savings.

Ann ArborCheapest CompanyAuto-Owners InsuranceAnnual Premium$282
DetroitCheapest CompanyAuto-Owners InsuranceAnnual Premium$343
Grand RapidsCheapest CompanyAuto-Owners InsuranceAnnual Premium$244
LansingCheapest CompanyAuto-Owners InsuranceAnnual Premium$244
Sterling HeightsCheapest CompanyAuto-Owners InsuranceAnnual Premium$258
WarrenCheapest CompanyAuto-Owners InsuranceAnnual Premium$268

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.