Cheapest Homeowners Insurance in Michigan (2024)

Auto-Owners offers some of the cheapest homeowners insurance policies in Michigan, with premiums starting at $408 per year.

Emily Guy Birken
Emily Guy Birken
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Ashley Cox
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Ashley CoxSenior Managing Editor
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Andrew Huang
Data reviewed byAndrew Huang
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Andrew HuangVP, Marketing & Analytics
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Updated May 30, 2024

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Michigan residents pay an average of $1,840 per year for $300,000 worth of dwelling coverage. This is lower than the national average premium price of $2,377 per year for the same level of coverage.

Michigan experiences harsh winter weather and severe winds. Homeowners should be aware of the weather conditions in their area that could cause a claim to know if they need any additional coverage or riders to protect their houses.

Here’s what you should know about comparing quotes and finding home insurance coverage in Michigan.

Quick Facts
  • The homeownership rate for Michigan is 72.5%, higher than the national rate of 64.8%.[1]

  • The Grand River flood of 2013 caused an estimated $43 million ($58 million in 2024) in property damage.[2]

  • The cheapest homeowners insurance company in Michigan, Auto-Owners, has its current headquarters in Lansing and was founded in Mount Pleasant, Michigan.

Best home insurance companies in Michigan

A number of good home insurance companies serve Michigan homeowners. The right insurer for your needs may vary depending on the type of house you have, the value of your personal property, the typical weather in your area, and other factors.

To start your search for your homeowners insurance policy, you may want to consider one of these four companies:

Insurance CompanyIQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual PremiumBest For
Auto-Owners3.7$408Cheapest rates
Hastings MutualN/A$876Retirees
WestfieldN/A$975Bundling auto and home insurance
Allstate4.1$1,414Home sharing
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1-to-5 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Cheapest rates: Auto-Owners

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.0
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
837
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$25/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$28/mo

With excellent rates and a number of available discounts, Auto-Owners tops Insurify’s list as the cheapest homeowners insurance company in Michigan. Headquartered in Lansing, this 108-year-old company focuses on providing customer service that goes above and beyond and fostering relationships between agents and policyholders.

Pros
  • Many available discounts

  • AM Best financial strength rating of A++ (Superior)

Cons
  • Poorly rated mobile app on App Store (3.1 out of 5 stars) and Google Play Store (3.4 out of 5 stars)

  • Quotes only available through an agent

Best insurer for retirees: Hastings Mutual

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated

Founded in Hastings, Michigan, in 1885, Hastings Mutual offers insurance in its home state of Michigan and five other Midwestern states.

The company prides itself on its excellent customer service, boasting that 98% of customers would recommend Hastings to family and friends. A unique benefit of getting your homeowners insurance through Hastings Mutual is its “experienced homeowner” discount, which offers savings to homeowners older than 50.

Pros
  • AM Best financial strength rating of A (Excellent)

  • NAIC score of 0.55, meaning significantly fewer complaints for a company of its size compared to the national average

Cons
  • Quotes only available through an agent

  • No mobile app

Best insurer for bundling auto and home insurance: Westfield

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$66/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$80/mo

Michigan is one of the 10 states Ohio-based Westfield serves. While Westfield’s home insurance products offer great protection for your residence, personal belongings, and personal liability, the company really shines in its Wespak bundling option. This auto and home insurance bundle gives you automatic inclusion of replacement cost coverage and roadside assistance as part of its perks.

Pros
  • AM Best financial strength rating of A (Excellent)

  • NAIC score of 0.62, meaning significantly fewer complaints for a company of its size compared to the national average

Cons
  • Relatively few available endorsements

  • No mobile app

Best insurer for home sharing: Allstate

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.2
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$98/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$138/mo

Homeowners in Michigan are taking advantage of the sharing economy in a big way, with more than 2,700 short-term rentals available just in the northwest region of the lower peninsula.

But renting out a room can open you up to unique insurance issues — which is where Allstate’s HostAdvantage comes in. This additional coverage will protect you from theft or damage that a short-term renter causes. Allstate also stands out with its robust menu of discounts and its user-friendly mobile app.

Pros
  • Highly rated mobile app

  • No dog breeds banned from homeowners insurance

Cons
  • NAIC score of 3.57, meaning the company received nearly four times the number of complaints compared to the national average

  • Below-average J.D. Power customer satisfaction rating

Cheapest home insurance in Michigan

Auto-Owners offers the cheapest home insurance in the state of Michigan, with average premiums that are a fraction of the national average cost of home insurance. Michiganders interested in saving money on their homeowners insurance may want to check out Auto-Owners or one of the following insurers:

Insurance CompanyAverage Annual Premium
Auto-Owners$408
Hastings Mutual$876
Westfield$975
Meemic Insurance$1,070
Chubb$1,251
ASI Progressive$1,334
Allstate$1,414
Fremont Mutual$1,756
State Farm$1,791
Farmers$1,820

Cost of homeowners insurance in Michigan

The average cost of homeowners insurance in Michigan for a home with $300,000 in dwelling coverage is $1,840 per year, or about $153 per month. This is less than the national average premium cost of $2,377 per year.

A number of factors can affect the price you pay for homeowners insurance, including things like your ZIP code, whether you live in an older home or a new home, and the value of your personal possessions.[3]

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Cost of homeowners insurance by dwelling coverage amount

Setting the coverage limit for your dwelling coverage affects your other home insurance coverages since insurers generally set them as percentages of your dwelling coverage. That means higher limits will also increase the other structures coverage, personal property coverage, personal liability coverage, and additional living expenses coverage (also known as loss of use coverage).

It’s a good idea to make sure you have enough dwelling coverage to cover the replacement cost to rebuild your home — but a higher coverage limit will mean higher premiums. Consider the average annual premium in Michigan with the following dwelling coverage amounts. Rates are for a policy with a $1,000 deductible:

Coverage LimitAverage Annual Premium
$100,000$1,014
$200,000$1,484
$300,000$1,840
$400,000$2,655
$500,000$3,263
Read More: Types of Homeowners Insurance Policies

Read More: Types of Homeowners Insurance Policies

Cost of homeowners insurance by deductible

A home insurance deductible is the amount of money you have to pay before your homeowners policy kicks in after a covered loss. If you have a low deductible, you’ll pay higher rates, while a high deductible will lower your premium costs. The right homeowners insurance policy is one where you can easily afford the premium rates and the cost of the deductible.

Here’s an example of how adjusting your deductible can affect your average annual premium in Michigan with a dwelling coverage amount of $300,000:

Deductible AmountAverage Annual Premium
$500$1,903
$1,000$1,840

How to get cheap homeowners insurance in Michigan

You can use a number of savings strategies in the Wolverine State to help lower your homeowners insurance costs, including:[4]

  • Raise your deductible. A higher deductible means a lower premium. If you’re in a financial position to cover a higher deductible in the event of a covered loss, raising your deductible could be a great way to save money.

  • Request a discount. A number of insurance companies offer money-saving options through discounts. You may be able to lower the cost of your homeowners policy by paying in full, enrolling in auto pay, or remaining a loyal customer. Be sure to research what discounts you may be eligible for before selecting a policy.

  • Bundle your insurance policies. If you can get your auto insurance, umbrella insurance, personal liability coverage, life insurance, or other coverage options in addition to a standard homeowners policy, your insurer is likely to give you a discount on all the insurance products.

  • Mitigate risks. Not only does risk mitigation offer you peace of mind, but it can also save you money. The best homeowners insurance companies often offer discounts for things like burglar alarms and smoke detectors because they reduce your risk of loss.

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How much homeowners insurance do you need in Michigan?

Michigan doesn’t legally require home insurance, but when you take out a mortgage to purchase a home, your mortgage lender will require you to purchase homeowners insurance as a condition of the loan. You should carry enough homeowners insurance to repair or replace your home and personal belongings in the event of a claim.

It’s also important that you understand exactly what your home insurance policy covers to make certain you have all the coverage you need. For example, most homeowners insurance policies don’t cover flood damage, so any homes in areas that are prone to flooding will need separate flood insurance coverage.

Similarly, if you have a lot of valuable personal property, such as jewelry, artwork, or computer equipment, you may need to increase your personal property coverage to make sure your property has adequate coverage since a standard policy may not be enough.

What are some of the biggest risks when owning a home in Michigan?

The specific risks facing a particular home can vary a great deal depending on your location. In Michigan, several higher-probability perils and natural disasters could affect your house and may require a rider or additional coverage on top of your standard home insurance policy.

  • illustration card https://a.storyblok.com/f/162273/150x150/0a25826e6f/weather-96x96-yellow_010-windy.svg

    Wind damage

    Though excessive wind and tornadoes may not be the first hazard you think of in Michigan, many counties in the Great Lakes state have either very high or moderately high risk of very strong winds from severe storms and tornadoes.[5] The good news is that standard homeowners insurance generally covers wind damage, although homeowners in Michigan should also follow Federal Emergency Management Agency (FEMA) guidelines for protecting their home from severe winds.

  • illustration card https://a.storyblok.com/f/162273/x/68ed522f01/windstorm-and-hail.svg

    Winter storms

    Michiganders are used to dealing with harsh winters that include cold waves, heavy snowfall, and ice storms. Standard homeowners insurance covers any damage to your house caused by the state’s frigid winter weather, but it may be worthwhile to look over your current policy to make sure it covers the most common types of winter events that occur in your area.

  • illustration card https://a.storyblok.com/f/162273/150x150/56dd10ca36/climate-change-96x96-yellow_013-flood.svg

    Floods

    While Michigan isn’t as prone to flooding as other states, it has experienced several devastating floods over the years. For example, the Grand River flood of 2013 caused an estimated $43 million in property damage (nearly $58 million in 2024 dollars). Homeowners in Michigan who want to protect their homes from flooding will need to get separate flood insurance coverage, either through a private insurer or the National Flood Insurance Program.

Michigan homeowners insurance FAQs

If you’re shopping for home insurance in the Wolverine State, this additional information may help as you research your coverage options.

  • How much is home insurance in Michigan?

    Home insurance in Michigan costs $1,840 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data.

  • Which company has the cheapest homeowners insurance in Michigan?

    Auto-Owners has the cheapest homeowners insurance in Michigan, with an annual premium of $408 per year, or $34 per month.

    Other affordable insurers include Hastings Mutual and Westfield, with respective annual premiums of $876 and $975.

  • Does Michigan require homeowners insurance?

    No. Michigan doesn’t require homeowners insurance. But if you have a mortgage on your home, your lender will require you to have home insurance to protect its investment.

    Home insurance is important even if you’ve paid off your home because it protects you financially if something damages your home and you have to make extensive repairs.

  • What is the 80% rule in home insurance?

    The 80% rule in home insurance states that homeowners should insure their home for at least 80% of its total replacement cost. If your home is damaged or destroyed and you don’t have your home insured for at least this amount, your insurance company might not pay your full claim.

Sources

  1. State of Michigan Housing Data Portal. "Michigan Data Portal."
  2. National Weather Service. "Flooding in Michigan."
  3. National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
  4. Insurance Information Institute. "12 Ways to Lower Your Homeowners Insurance Costs."
  5. Federal Emergency Management Agency. "National Risk Index."
Emily Guy Birken
Emily Guy Birken

Emily Guy Birken is a former educator, lifelong money nerd, and a Plutus Award-winning freelance writer who specializes in the scientific research behind irrational money behaviors. Her background in education allows her to make complex financial topics relatable and easily understood by the layperson.

Her work has appeared on The Huffington Post, Business Insider, Kiplinger's, MSN Money, and The Washington Post online.

She is the author of several books, including The 5 Years Before You Retire, End Financial Stress Now, and the brand new book Stacked: Your Super Serious Guide to Modern Money Management, written with Joe Saul-Sehy.

Emily lives in Milwaukee with her family.

Ashley Cox
Edited byAshley CoxSenior Managing Editor
Headshot of Managing Editor Ashley Cox
Ashley CoxSenior Managing Editor
  • 7+ years in content creation and management

  • 5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

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Andrew Huang
Data reviewed byAndrew HuangVP, Marketing & Analytics
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

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