Best Homeowners Insurance in Michigan (2024)

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Updated: December 4, 2024

Advertising & Editorial Disclosure

Auto-Owners is the best home insurance provider in Michigan, tailored to meet various needs. Whether seeking affordability or customer service, it is also the most favorable option overall.

Unless otherwise stated, quotes collected are based on a $100,000 dwelling coverage limit. When considering the amount of dwelling coverage you need for your home in Michigan, the chosen limit significantly affects your insurance premium. MoneyGeek has also evaluated the cheapest home insurance in Michigan for budget-conscious homeowners prioritizing cost.

Key Takeaways

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In Michigan, Auto-Owners is the top homeowner's insurance provider, earning a MoneyGeek score of 99 out of 100, with an annual premium of $301. It excels in affordability, customer service, and comprehensive coverage, making it an ideal choice for various homeowner needs. The runner-up, Chubb, provides superior service quality with a MoneyGeek score of 94 out of 100 and a premium of $793 per year, catering particularly to those prioritizing premium service and reliability.

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In Michigan, Auto-Owners is the cheapest homeowners insurance provider with an average annual premium of $301. It not only excels in affordability but also maintains a strong customer service reputation, making it a top choice for budget-conscious homeowners. The runner-up for affordable home insurance in Michigan is Chubb, which also offers high-quality service though at a higher cost. Opting for Auto-Owners ensures a balance between low premiums and reliable coverage.

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For the best customer service in homeowners insurance in Michigan, Chubb stands out with a MoneyGeek score of 94 out of 100. The runner-up for excellent service is Auto-Owners, with a close score of 93 out of 100. Both providers offer reliable service, ensuring peace of mind in times of home emergencies.

Why Trust MoneyGeek? To determine the best homeowners insurance options in Michigan, we compiled quotes and information from the Michigan Department of Insurance and Financial Services and Quadrant Information Services, ensuring that data and industry standards back our recommendations.

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Home insurance rates in Michigan represent the latest quotes as of July 2024.

1,555,200Quotes Analyzed
 
8Companies Compared
 
16ZIP Codes

Overall Best Homeowners Insurance in Michigan

Auto-Owners is the best homeowners insurance provider in Michigan. For those seeking top-tier protection for their homes, these are the top two best overall homeowners insurance providers:

  • Auto-Owners: MoneyGeek score of 97 out of 100 ($301 per year)
  • Chubb: MoneyGeek score of 88 out of 100 ($793 per year)

In Michigan, various companies offer different cost and service experiences for home insurance. Striking the right balance between affordability and quality service to meet your specific needs as a homeowner is essential. Careful consideration of both elements ensures that you secure the protection your home deserves, aligning with your financial and coverage preferences.

Company logo for Auto-Owners Insurance
Best OverallAuto-Owners Insurance
MoneyGeek Score:
97/ of 100
Overview

Auto-Owners stands out in Michigan with the highest affordability score. Its average annual premium is $301.

Auto-Owners offers several valuable coverage options. The scheduled personal property coverage ensures your high-value items are fully protected beyond standard policy limits. The personal property replacement cost coverage builds upon traditional policies by offering the full cost to replace personal items without factoring in depreciation. This coverage provides homeowners peace of mind, knowing their possessions are well-protected in the event of a loss.

Best Homeowners Insurance in Michigan for Customer Service

Chubb provides top-notch home insurance in Michigan, particularly excelling in service quality. Homeowners seeking the most reliable and responsive service will find the best protection with these leading providers:

  • Chubb: MoneyGeek score of 94 out of 100 ($793 per year)
  • Auto-Owners: MoneyGeek score of 93 out of 100 ($301 per year)

Prioritizing service quality in a homeowners insurance provider means ensuring that the response is swift, efficient and customer-focused when an issue arises. Homeowners should choose insurers known for good service quality. They provide peace of mind, especially in times of distress, such as following storm damage or other unexpected home emergencies.

Company logo for Chubb
Best for ServiceChubb
MoneyGeek Score:
94/ of 100
Overview

Chubb exemplifies service excellence in Michigan with a stellar customer satisfaction score. Its average annual premium is $793.

Chubb's guaranteed replacement cost coverage affords homeowners the peace of mind that their property will be reconstructed in case of a total loss, even if the costs exceed the policy limits. The company's cash settlement option gives homeowners the flexibility to opt for a cash payout instead of replacement in the event of a total covered loss. These coverages illustrate Chubb's commitment to accommodating the varying needs of homeowners.

Best Cheap Homeowners Insurance in Michigan

Auto-Owners offers the cheapest homeowners insurance in Michigan for those on a budget. These are the top two providers of affordable home insurance:

  • Auto-Owners: MoneyGeek score of 99 out of 100 ($301 per year)
  • Chubb: MoneyGeek score of 86 out of 100 ($793 per year)

Remember that having the cheapest premiums doesn't always equate to the best service. Consider the average cost of home insurance in Michigan when choosing a company like Auto-Owners, which balances affordability and quality service. For example, having a responsive insurer could be critical in the event of a major storm.

Company logo for Auto-Owners Insurance
Best CheapAuto-Owners Insurance
MoneyGeek Score:
99/ of 100
Overview

Auto-Owners boasts an exceptional affordability score and an average annual premium of $301. These features make it the top choice for budget-conscious homeowners seeking efficient coverage at a reasonable cost.

Auto-Owners offers discounts like bundle and protective device, further enhancing premium affordability. Bundle discounts incentivize maintaining multiple policies with the company. Protective device discounts are for homes with safety features like smoke detectors, which aid in risk mitigation and potential loss prevention. Both options provide effective ways for homeowners to reduce their insurance expenses while maintaining robust protection for their property.

Best Homeowners Insurance in Michigan for Expensive Homes

Auto-Owners is the premier choice for those with expensive homes in Michigan. These are the top two providers for homeowners seeking $1 million in dwelling coverage:

  • Auto-Owners: MoneyGeek score of 97 out of 100 ($704 per year)
  • State Farm: MoneyGeek score of 72 out of 100 ($5,354 per year)

With a perfect affordability score, Auto-Owners offers cost-effective solutions. Since luxury homes often necessitate comprehensive protection, selecting an insurer that balances affordability with robust coverage is critical.

Company logo for Auto-Owners Insurance
Best for Expensive HomesAuto-Owners Insurance
MoneyGeek Score:
97/ of 100
Overview

Auto-Owners is the top pick for homeowners with expensive homes in Michigan. It boasts a perfect affordability score and an average annual premium of $704.

Auto-Owners offers common discounts, such as protective device, which can help further reduce costs for expensive homes needing broader coverage. This discount rewards installing smoke alarms and security systems, enhancing safety and potentially lowering premiums.

Auto-Owners has a comprehensive package that includes guaranteed replacement cost, which ensures your home is rebuilt even if costs exceed policy limits. Scheduled personal property protects high-value items like jewelry, providing added security and peace of mind. These tailored options cater to the unique needs of upscale properties.

Best Homeowners Insurance in Michigan for New Homes

Auto-Owners is the top home insurance provider in Michigan for new homes. These are the best providers for those seeking high-quality homeowners insurance for $500K dwelling coverage:

  • Auto-Owners: MoneyGeek score of 95 out of 100 ($372 per year)
  • Chubb: MoneyGeek score of 63 out of 100 ($2,700 per year)

Auto-Owners has a perfect affordability score and a commendable customer service score. These high scores provide homeowners with an excellent mix of cost efficiency and reliable customer service.

Company logo for Auto-Owners Insurance
Best for New HomesAuto-Owners Insurance
MoneyGeek Score:
95/ of 100
Overview

Auto-Owners is the best home insurance provider for new homes in Michigan, with a perfect affordability score and an average annual premium of $372. Its scheduled property coverage enhances protection by individually covering specific high-value possessions.

New homeowners can benefit from sensible savings through Auto-Owners, which offers paperless billing options and responsible payment opportunities. Paperless billing rewards those who opt for electronic document management, while the responsible payment discount favors timely payment history.

Best Homeowners Insurance in Michigan for Veterans

For military members and veterans seeking homeowners insurance in Michigan, Auto-Owners tops the list with the highest MoneyGeek score. It offers an average annual premium of $301. These are the best and cheapest home insurance providers:

  • Auto-Owners: MoneyGeek score of 91 out of 100 ($301 per year)
  • Chubb: MoneyGeek score of 82 out of 100 ($793 per year)

The best homeowners insurance companies recognize the specialized needs of veterans and military members. These include accommodating frequent moves and deployments and guaranteeing that their homes and possessions are safeguarded in every situation.

Company logo for Auto-Owners Insurance
Best for VeteransAuto-Owners Insurance
MoneyGeek Score:
91/ of 100
Overview

Auto-Owners is the best homeowners insurance provider for Michigan's veterans, with top scores for affordability and customer satisfaction. Its average annual premium is $301.

Auto-Owners offers various coverages, including equipment breakdown. This coverage extends protection against mechanical or electrical breakdowns beyond the homeowner's standard warranty. The company also has several premium discounts, including a discount for responsible payment behavior and savings with paperless billing. Veterans can benefit from disciplined financial habits and modern conveniences, reducing their insurance costs while enjoying efficient service.

How to Find the Best Homeowners Insurance in Michigan for You

Identifying the best homeowners insurance involves finding providers that balance cost and quality, ensuring that excellent customer service and comprehensive coverage are available at affordable premiums. Your ideal insurance policy may vary, as it should cater to your coverage requirements and financial considerations. These steps will help you pinpoint the homeowner insurance that fits your needs.

  1. 1

    Assess Your Insurance Needs

    Begin by determining how much home insurance coverage you need. Consider factors such as the value of your home, personal belongings and potential risks specific to your location. An accurate assessment will serve as the foundation for selecting the appropriate coverage.

  2. 2

    Research Various Providers

    Gather information on multiple insurance companies. Research their reputation, track record of customer satisfaction and the policies they offer. Take a deeper dive into each provider's strengths and shortcomings.

  3. 3

    Compare Coverage and Costs

    After shortlisting potential providers, scrutinize the details of their policies. Compare home insurance quotes to ensure you get the best deal. Look beyond the premiums and consider deductibles, policy limits and exclusions.

  4. 4

    Understand the Policy Details

    Ensure that you have a thorough understanding of the policy's specifics. Pay close attention to the extent of coverage, whether it includes replacement cost or actual cash value for personal property, the types of covered perils and any additional coverage options that may be necessary for your situation.

  5. 5

    Consult With an Independent Agent

    An independent insurance agent can help clarify the finer points of different policies and provide expert advice tailored to your needs. They possess a broad market view and can be a personalized resource throughout your decision-making process.

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DOES HOME INSURANCE COVER FLOOD DAMAGE IN MICHIGAN?

Flood insurance isn’t legally mandated for Michigan homeowners. Nonetheless, it’s beneficial to acquire flood insurance in Michigan to cover potential flood damages.

FAQ: Homeowners Insurance in Michigan

Finding the best homeowners insurance provider in Michigan hinges on your individual needs and preferences. These frequently asked questions will guide you through the selection process, ensuring you make an informed decision.

Which insurance company is best for home insurance in Michigan?

Who has the most affordable homeowners insurance in Michigan?

About Mark Fitzpatrick

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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.

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