Detroit Insurance Rates:

Detroit, MI home insurance is nearly $601 to $812, about $50-$67/month. Our comprehensive research reveals consumers can save as much as $282 by getting many quotes

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Detroit Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $30/1 month for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $95,000

3 Beds, 3 Baths 1760 sqft Rental Property Constructed In 1969 with Stone Flooring, Membrane Roof, Slab Foundation, Brick siding, Stucco Construction. Home Features Include Smoke Alarm, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

71 Years old Single Female who is a Freelancer with household income of $100-$150,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $210/5 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $135,000

5 Beds, 5 Bath 2400 sqft Rental Property Constructed In 1955 with Hardwood Flooring, Composition Roof, Piers Foundation, Stone Siding, Stucco Construction. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

48 Years old Divorced Female who is a Freelancer with household income of $50-$75,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $30/1 month for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $95,000

2 Beds, 2 Bath 1680 sqft Vacation Property Constructed In 1947 with Stone Flooring, Composition Roof, Slab Foundation, Wood siding, Stucco Construction. Home Features Include Swimming Pool, Fireplace, Fire Extinguisher, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $410/12 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $95,000

3 Beds, 3 Bath 1470 sqft Vacation Property Constructed In 1943 with Hardwood Flooring, Asphalt Shingles Roof, Slab Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Swimming Pool, Smoke Alarm, Central Air Conditioning, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

74 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Smoker

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

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $130/6 months for $50000-$75000 Coverage
Policy Holder Home Details :

Home Value : $65,000

2 Beds, 2 Bath 1250 sqft Seasonal Residence Constructed In 1943 with Stone Flooring, Slate Shingles Roof, Piers Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Smoke Alarm, Swimming Pool, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

28 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $170/10 months for $25,000-$50,000 Coverage
Policy Holder Home Details :

Home Value : $30,000

2 Beds, 2 Baths 1215 sqft Rental Property Constructed In 1956 with Hardwood Flooring, Asphalt Shingles Roof, Piers Foundation, Brick siding, Metal Frame Construction. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

43 Years old Divorced Female who has a Full Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $120/2 months for $300,000 Coverage
We live in quite a rough area. The crime rate & theft has come down over the years and is not much of a problem right now. Its far worse down the road.
My wife & I both go to our office for work since they are well paying non-remote full time jobs.
Home Insurance Rate of $90/2 months for $100,000 Coverage
2 story 3 bedroom/2.5 bathroom in the Palmer Park area. House is worth $100,000 & was built in the 30's. Replacement cost should be more than $100,000 but hoping that we can salvage a lot in case of any issue.
Detroit Native but looking to move out given the state of employment here. I am unemployed and looking to cut costs.

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Detroit Rates & Quotes Analysis:

Detroit Area Estimated House Insurance
Joseph Campau Ave, S M 39 Svc Rd, Bishop Ave, Healy Ave, Firwood Ave, Antietam Ave, Park Grove St, N Park St, Solvay Ave, Minden Ave$705
Gruebner St, American Way St, Magnolia St, Devonshire Rd, Brockton St, Wetherby St, Isham Ave, Fordham St, Estates Dr, Blackstone Ct$698
Schoolcraft Ave, Conrad Ave, Vicksburg St, 5 Points Rd, Sherbourne Rd, Selkirk St, Stratton St, S Waterman St, Eureka Ave, Kendall$699
Yolanda St, Kaier St, Butternut St, Brock St, Cavalry St, W Margaret St, Sproat St, Carlisle Dr, Trombly St, Ellsworth St$698
Clough St, Nancy Ave, Greater Grace Temple Blvd, Wyman St, Fleet St, W Baltimore Ave, Sauer Ave, Hill Ave, Hildale Ave W, Temptations Ln$704
Ogden St, Chandler St, Whitlock Ave, Picadilly Rd, Cedargrove Ave, Southern St, S Mc Kinstry St, Pennington Dr, E Goldengate, Prince Hall Dr$693
Lang St, Hazelridge Ave, Grover Ave, S Crossley St, Atlanta St, Neff Ave, W Montana St, Ogden St, Cecil Ave, Nardin Park$685
Perkins St, W Bethune St, 3rd Ave, W Buena Vista Ave, Hereford St, Dehner St, E Savannah St, Audubon, Trenton St, Hazelwood Ave$693
West St, E Longwood Ave, Sparta St, Whitmore Rd, Lumley St, Inverness St, Hoyt St, Marantette St, Felch St, Continental St$669
Harned St, Yonka St, Senator St, Centre St, Ridgewood Ave, Greydale Ct, Dix St, S Deacon St, Toronto St, Bliss Ave$None

Insurance rates are influenced by a number of factors including:

  • Year Built: 94,953 Homes (26% of total homes ) built between 1940 to 1949 in Detroit are paying home insurance between $1,417-$1,428. Places close to Detroit, MI such as Ferndale, Royal Oak charter, Pleasant Ridge are more expensive by $58, $24, $235 respectively.
  • Bedrooms: 157,015 3 bedrooms homes (44% of total homes ) in Detroit are paying about $833. Areas near to Detroit such as Highland Park, Ferndale, Royal Oak charter are costlier by $3, $33, $20 respectively whereas Hamtramck and River Rouge are more economical by $4, $7 respectively for similar homes.
  • Auto Insurance Bundling: 15,640 Households (11% of all households) in Detroit have 3 or more vehicles available and when it is bundled with home insurance you can save $176. Discounts for similar bundling in close by locations such as Highland Park, Hamtramck, Hazel Park come to $175, $175, $177 respectively.
  • Senior Discounts: 73,162 seniors (more than 55 years) occupied housing units (53% of total) in Detroit get discounts between $105 to $108 and varies from Highland Park ($105), Hazel Park ($106), Ferndale ($110).
  • New Homes discounts: New homes such as the 100,192 homes built between 2000 to 2009 in Detroit can save $141 and differs from Highland Park ($140), Hamtramck ($140), Hazel Park ($141).

Detroit Homeowners insurance Facts

  • Detroit, MI has 136,101 owner occupied houses which is 52.6% of all units whereas Highland Park, Hamtramck and Hazel Park have 37.39%, 52.67% and 62.26% respectively.
  • Detroit, MI homeowners yearly insurance price at $706 is 1.18% of the typical house value of $59,700 which is in contrast with 1.3% in Highland Park, 1.28% at Hamtramck & 1.12% in Hazel Park.
  • Homeowners in Detroit, MI pay 14.12% of their income (Less than $10,000) in insurance whereas homeowners in Highland Park, Hamtramck and Hazel Park pay 14.06%, 14.06% and 14.16% respectively.
  • Detroit, MI’s insurance is 5.0% of monthly housing costs of $1,175/month, for owners with a mortgage compared to 5.96% in Highland Park, 5.41% at Hamtramck & 5.51% in Hazel Park. But, for households without a mortgage, insurance is 12.8% of costs ($461 in Detroit, MI) in contrast with 12.79% in Highland Park, 13.47% at Hamtramck & 14.05% in Hazel Park.

Detroit, MI Home Values & Insurance rates

For example, insurance for 10,038 Homes (7.0% of total homes ) valued between $70,000 to $79,999 in Detroit, MI is about $882. Rates in nearby areas in such as Hazel Park, Ferndale, Royal Oak charter are cheaper by $47, $354, $187 respectively while Highland Park and Hamtramck are costlier by $88 and $74 respectively for similar homes.

Detroit, MI Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 56,064 41.0% $289
$50,000 to $59,999 12,388 9.0% $614
$60,000 to $69,999 11,889 8.0% $762
$70,000 to $79,999 10,038 7.0% $882
$80,000 to $89,999 10,740 7.0% $1002
$90,000 to $99,999 6,927 5.0% $1122
$100,000 to $124,999 11,390 8.0% $1299
$125,000 to $149,999 4,842 3.0% $1623
$150,000 to $174,999 4,178 3.0% $1920
$175,000 to $199,999 1,699 1.0% $2216
$200,000 to $249,999 2,005 1.0% $2661

Renters Insurance in Detroit

  • Average Renters Insurance in Detroit :  $296($24/month)

  • Median Gross Rent in Detroit :  $762

  • Detroit Renters Insurance to Median Rent Ratio:  3.15%

  • Renter occupied housing units in Detroit :  122,766

Detroit Renters Insurance as a Percentage of Rent

Detroit Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 2,965 2.0% $374
$200 to $299 5,428 4.0% $824
$300 to $499 12,724 11.0% $1274
$500 to $749 34,650 30.0% $1949
$750 to $999 29,311 25.0% $2699
$1,000 to $1,499 26,549 23.0% $3824
$1,500 or more 2,868 2.0% $5474

Protective device discount in Detroit Up to :  $44

Claims-free discount in Detroit Up to :  $59

Detroit, MI Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
48221 $83,500 $730
48235 $74,200 $720
48202 $72,900 $720
48219 $70,300 $720
48223 $68,700 $720
48224 $63,200 $720
48207 $62,600 $710
48227 $62,100 $710
48208 $61,300 $710
48206 $59,700 $710
48234 $57,200 $710
48205 $56,300 $710
48214 $54,600 $700
48217 $54,300 $710
48216 $53,800 $710
48228 $52,100 $700
48209 $51,400 $710
48238 $51,300 $700
48204 $49,400 $710
48215 $45,800 $700
48213 $45,200 $700
48210 $41,500 $700
48211 $34,800 $690
48201 $166,400 $780
48226 $123,200 $750