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Detroit, MI Home Values & Insurance Rates

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

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

Example Detroit Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Farmers InsuranceAmica Mutual Insurance CompanyAllstate
Monthly Premium 593034
Year Built 195119631940
Home Details 5 Beds, 4 Baths2 Beds, 1 Baths4 Beds, 3 Baths
Coverage Amount $175000-$200000$100000-$125000$75000-$100000
Deductible $2500-$5000 Deductible$2500-$5000 Deductible$500- $1000 Deductible

Top Home Insurance Agents Near Detroit, MI

Home Insurance Company Near Detroit, MI Homeowners Insurance Agency Near Detroit, MI Address Distance from Detroit, MI (miles)
Houghtaling Agency Incorporated 168 North Saginaw St. Ste A 168 North Saginaw St. Ste A, Lapeer, MI, 48446 47.4
Somerset Insurance Agency Group 2701 Center Drive 2701 Center Drive, Troy, MI, 48316 12.5
State Farm Brian Manor 24409 Eureka Rd, Taylor, MI, 48180-5165 15.5
Allstate David Wagner 52947 Gratiot Ave, Chesterfield, MI, 48051 25.5
Allstate Steve Craft 6300 Sashabaw Rd # Buitec, Clarkston, MI, 48346 27.8

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

Estimated Home Insurance By Street Area Near Detroit, MI

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

Detroit, MI Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,700$2,700
Yearly Detroit Homeowner Insurance Premium Example $600$400
Out of Pocket Expense During Claim$1,700$2,700
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $6,500$5,900
Net Savings to Detroit Home Owner from High Deductible Plan $600

Detroit, MI Home Insurance Costs With Home Replacement Value Scenarios

Scenario Detroit, MI Home Replacement Value MORE than Home Value Detroit, MI Home Replacement Value LESS than Home Value
Replacement Value $41,500 $24,500
Insurance Premium based on Replacement Value $250 $150
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $8,000 Risk Exposure from Under Insuring Coverage is $9,000
Premium Impact Insurance cheaper by $50/year Insurance costlier by $50/year