Charlotte Insurance Rates:

Charlotte, MI home insurance is nearly $625 to $852, about $52-$71/month. Our in depth guide shows customers can save upto $295 by comparing different quotes

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Charlotte, Michigan Homeowners Insurance Reviews reveal the good & the bad so that you can compare the cheapest quotes from the best

Charlotte Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Amica Mutual Insurance Company
Home Insurance Rate of $460/5 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $270,000

5 Beds, 5 Baths 3600 sqft Vacation Property Constructed In 1942 with Hardwood Flooring, Shingles Roof, Slab Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

25 Years old Single Female who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $590/10 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $290,000

5 Beds, 5 Bath 4420 sqft Vacation Property Constructed In 2012 with Hardwood Flooring, Composition Roof, Crawl Space Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Divorced Female who has a Full Time Job with household income of $100-$150,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $460/10 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $170,000

5 Beds, 5 Baths 2350 sqft Seasonal Residence Constructed In 1940 with Linoleum, Asphalt Shingles Roof, Crawl Space Foundation, Wood siding, Wood Frame. Home Features Include Copper Water Pipes, Fire Extinguisher, Deadbolt Locks, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

67 Years old Single Female who is Retired with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $140/5 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $115,000

4 Beds, 4 Bath 1690 sqft Vacation Property Constructed In 1983 with Carpet Flooring, Metal Roof, Chainwall Foundation, Wood siding, Stucco Construction. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

63 Years old Single Female who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $420/7 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $230,000

4 Beds, 4 Baths 2760 sqft Primary Residence Constructed In 1986 with Carpet Flooring, Metal Roof, Slab Foundation, Wood siding, Brick Frame. Home Features Include Indoor Sprinklers, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

56 Years old Married Male who has a Full Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $450/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $190,000

4 Beds, 4 Baths 2910 sqft Primary Residence Constructed In 1986 with Stone Flooring, Wood Shake Roof, Chainwall Foundation, Brick siding, Wood Frame. Home Features Include Fire Extinguisher, Deadbolt Locks, Central Air Conditioning, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

74 Years old Divorced Female who is Unemployed and has No Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $290/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $245,000

4 Beds, 4 Bath 3210 sqft Vacation Property Constructed In 2003 with Carpet Flooring, Wood Shake Roof, Crawl Space Foundation, Stone Siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Smoke Alarm, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

72 Years old Divorced Female who is a Freelancer with household income of $50-$75,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $310/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $280,000

5 Beds, 5 Baths 4030 sqft Vacation Property Constructed In 2003 with Carpet Flooring, Membrane Roof, Slab Foundation, Vinyl siding, Brick Frame. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

38 Years old Married Male who has a Full Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

Charlotte, MI Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
48813 $137,300 $770

Charlotte Rates & Quotes Analysis:

Charlotte Area Estimated House Insurance
Canterbury Dr, S Clinton St, Church, Summit St, W Shaw St, N Stine Rd, Railroad, E Kinsel Hwy, Bulling Ln, Fairview Hwy$760
Maurer Rd, N Perkey Rd, Warren Ave, Kristina Dr, Maple Leaf Ct, W 1st St, White Birch Trl, W Foote St, Kristen Way, N Cochran Ave$763
Mills Hwy, Wedgewood Dr, Tirrell Rd, Mapleview Dr, E Broadway Hwy, Butternut Dr, W Lawrence Hwy, Vansickle Dr, Cole Hwy, Twin Elms$765
Carmel Ln, Derailer Dr, Merritt St, Old Hickory Ln, High St, Brookfield Rd, Stewart Rd, Cambridge Dr, Saint Marys Blvd, High Meadows Ln$766
4th St, Cousins Ln, Paine Dr, W 5 Point Hwy, Flanders Rd, W McClure St, Crozier Dr, Gregory Ln, Montels Way, Valley Hwy$769

Insurance rates are influenced by a number of factors including:

  • Year Built: 456 Homes (11% of total homes ) built between 1990 to 1999 in Charlotte are paying home insurance between $1,066-$1,077. Places close to Charlotte, MI such as Eaton County, Eaton, Carmel are more expensive by $27, $37, $45 respectively while Potterville and Olivet are cheaper by $13 and $16 respectively for similar homes.
  • Bedrooms: 1,184 2 bedrooms homes (30% of total homes ) in Charlotte are paying about $710 in contrast with Eaton County (+$18), Eaton (+$33), Carmel (+$30), Potterville (-$9) and Olivet (-$3).
  • Auto Insurance Bundling: 481 Households (18% of all households) in Charlotte have 3 or more vehicles available and when it is bundled with home insurance you can save $184 compared to Eaton County ($189), Eaton ($191), Carmel ($192).
  • Senior Discounts: 1,159 seniors (more than 55 years) occupied housing units (45% of total) in Charlotte get discounts between $110 to $113 compared to Eaton County ($113), Eaton ($114), Carmel ($115).
  • New Homes discounts: New homes such as the 1,293 homes built between 2000 to 2009 in Charlotte can save $147 and differs from Eaton County ($151), Eaton ($153), Carmel ($154).

Charlotte Homeowners insurance Facts

  • Charlotte, MI has 2,550 owner occupied houses which is 69.3% of all units whereas Eaton County, Eaton and Carmel have 73.69%, 86.59% and 89.13% respectively.
  • Charlotte, MI homeowners yearly insurance price at $739 is 0.66% of the typical house value of $112,200 which is in contrast with 0.53% in Eaton County, 0.5% at Eaton & 0.47% in Carmel.
  • Homeowners in Charlotte, MI pay 1.34% of their income ($50,000 to $59,999) in insurance whereas homeowners in Eaton County, Eaton and Carmel pay 1.38%, 1.39% and 1.4% respectively.
  • Charlotte, MI’s insurance is 5.1% of monthly housing costs of $1,200/month, for owners with a mortgage compared to 4.54% in Eaton County, 5.1% at Eaton & 4.22% in Carmel. But, for households without a mortgage, insurance is 13.3% of costs ($463 in Charlotte, MI) in contrast with 13.47% in Eaton County, 12.45% at Eaton & 15.17% in Carmel.

Charlotte, MI Home Values & Insurance rates

For example, insurance for 157 Homes (6.0% of total homes ) valued between $70,000 to $79,999 in Charlotte, MI is about $487. Rates in nearby areas in such as Eaton County, Eaton, Carmel are cheaper by $93, $120, $141 respectively while Potterville and Olivet are costlier by $67 and $88 respectively for similar homes.

Charlotte, MI Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 255 10.0% $162
$50,000 to $59,999 73 2.0% $339
$60,000 to $69,999 134 5.0% $421
$70,000 to $79,999 157 6.0% $487
$80,000 to $89,999 98 3.0% $554
$90,000 to $99,999 257 10.0% $620
$100,000 to $124,999 615 24.0% $724
$125,000 to $149,999 311 12.0% $901
$150,000 to $174,999 418 16.0% $1064
$175,000 to $199,999 86 3.0% $1234
$200,000 to $249,999 83 3.0% $1478
$250,000 to $299,999 44 1.0% $1810

Renters Insurance in Charlotte

  • Average Renters Insurance in Charlotte :  $209($17/month)

  • Median Gross Rent in Charlotte :  $666

  • Charlotte Renters Insurance to Median Rent Ratio:  2.55%

  • Renter occupied housing units in Charlotte :  1,129

Charlotte Renters Insurance as a Percentage of Rent

Charlotte Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 58 5.0% $352
$200 to $299 15 1.0% $802
$300 to $499 157 14.0% $1252
$500 to $749 503 45.0% $1927
$750 to $999 311 27.0% $2677
$1,000 to $1,499 63 5.0% $3802

Rent Affordability in Charlotte:

Approximately 50.0% (565) of households are spending more than 35% of their income on gross rent in Charlotte

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 108 9.0%
15.0 to 19.9 percent 120 10.0%
20.0 to 24.9 percent 103 9.0%
25.0 to 29.9 percent 154 13.0%
30.0 to 34.9 percent 79 6.0%
35.0 percent or more 565 50.0%

Protective device discount in Charlotte Up to :  $31

Claims-free discount in Charlotte Up to :  $41