Grand Rapids Insurance Rates:

Grand Rapids, MI home insurance is nearly $629 to $851, about $52-$70/month. Our thorough guide indicates shoppers can save upto $296 by comparing different quotes

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Grand Rapids Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
American Family Insurance
Home Insurance Rate of $340/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $185,000

5 Beds, 5 Baths 2400 sqft Rental Property Constructed In 1976 with Stone Flooring, Tile Roof, Chainwall Foundation, Stucco siding, Metal Frame Construction. Home Features Include Swimming Pool, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

43 Years old Married Male who has a Full Time Job with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $100/7 months for $25000-$50000 Coverage
Policy Holder Home Details :

Home Value : $60,000

2 Beds, 2 Bath 940 sqft Rental Property Constructed In 1967 with Ceramic Tile Flooring, Slate Shingles Roof, Slab Foundation, Vinyl siding, Brick Frame. Home Features Include Swimming Pool, Fireplace, Smoke Alarm, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

37 Years old Divorced Male who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

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

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $330/9 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $160,000

3 Beds, 3 Bath 2040 sqft Rental Property Constructed In 1964 with Carpet Flooring, Metal Roof, Crawl Space Foundation, Brick siding, Brick Frame. Home Features Include Fireplace, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

26 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $260/12 months for $50000-$75000 Coverage
Policy Holder Home Details :

Home Value : $80,000

2 Beds, 2 Bath 940 sqft Seasonal Residence Constructed In 1946 with Wood Flooring, Membrane Roof, Slab Foundation, Stone Siding, Stucco Construction. Home Features Include Deadbolt Locks, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

54 Years old Divorced Male who is a Freelancer with household income of more than $150,000 and has 2 Pets and is a Non-Smoker

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

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $210/2 months for $150,000-$175,000 Coverage
Policy Holder Home Details :

Home Value : $140,000

2 Beds, 2 Bath 1570 sqft Primary Residence Constructed In 1957 with Linoleum, Slate Shingles Roof, Chainwall Foundation, Brick siding, Metal Frame Construction. Home Features Include Smoke Alarm, Fire Extinguisher, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

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

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Grand Rapids, MI Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
49507 $90,700 $740
49546 $210,700 $810
49506 $173,600 $800
49525 $157,300 $780
49544 $133,600 $770
49505 $116,500 $750
49503 $105,600 $740

Grand Rapids Rates & Quotes Analysis:

Grand Rapids Area Estimated House Insurance
Campau NW, Emerson Ave NW, Crescent Dr NE, Cambridge St SE, Ridgeway Rd SE, Riverview Ave NE, Benson Ave NE, Nixon Ave NW, Belknap Ave NE, Whitmore Ave NW$739
Casimer Ave NE, Ramona St SE, Aleda Ave SE, Thelma Ave SE, Lakeside Dr SE, Embassy Dr SE, Corinne St SW, Pheasant Ave NW, Donnybrook Ct NE, Summer Ave NW$725
Ashland Ave NE, Danbury Dr SE, Buckley St SW, Royal Point Dr NW, Belmar Dr SE, Northwood St NE, Oakdale St SE, Holland Ave NE, Aberdeen St NE, Gerald Ave NE$742
Oak Park Dr SE, Courtyard Pl SE, Skyline Cir NW, Stanwood St NW, Hollis Dr NE, Congress Ave SE, Winchester Pl NE, Evernia Ave SE, Calkins Ave SE, Rolling Hills Dr SE$757
Dunlin Ct NE, Cranbrook Dr NE, Brook Hollow Pl SE, Bartlett St SW, Cloverleaf Dr SE, Robinson Rd SE, Bradford Farms Ln NE, Greenings St NE, Old Grand River Trl NE, Race St NE$835
Martin Ave SE, Haines Ave NW, Myrtle St NW, Van Portfliet Dr NW, Red Bud Cir NW, Blackberry Ct, Maplegrove Dr NW, Winesap Ct NE, Timothy St SE, Mc Reynolds Ave NW$753
Bransford St, Dean Lake Ave NE, Bradford Ct NE, Mount Vernon Ave SW, Moreland Ct NW, Stewart St SW, Spanish Ct SE, Ottillia St SE, Newberg Ave NW, Rurah Ave NE$730
Otsego Dr SE, Simmons Ave NE, Cavalcade Dr SE, Ken-O-Par St SE, Butler Ave SE, Forest Hill Ave SE, Pearl St NW, Crescent St NE, Riva Ridge Dr SE, Grandville Ave SW$780
Martindale Ave SW, Virginia St SE, Antebellum Ct NW, Scott Ave NW, Sterling Ave NW, Monique Dr NE, N Blodgett Aly SE, Foot Hills Ct NE, Gabrielle Ct NE, Avalon Ter SE$762
Wendler Ave SW, Meadowfield Dr NE, Walker Pl NW, Meadow Dale Dr NW, Coach Ln SE, Briar Hills Dr NE, Appleton Ct NE, Woodcrest Dr NW, Wellington Ave SE, Ridgecrest Rd SE$742

Insurance rates are influenced by a number of factors including:

  • Year Built: 30,483 Homes (37% of total homes ) built between 1939 or earlier in Grand Rapids are paying home insurance between $1,584-$1,595. Places close to Grand Rapids, MI such as East Grand Rapids, Grand Rapids charter, Walker are more expensive by $174, $130, $50 respectively while Wyoming and Lowell are cheaper by $10 and $13 respectively for similar homes.
  • Bedrooms: 30,919 3 bedrooms homes (39% of total homes ) in Grand Rapids are paying about $873 and differs from East Grand Rapids (+$98), Grand Rapids charter (+$71), Walker (+$27), Wyoming (-$4) and Lowell (-$6).
  • Auto Insurance Bundling: 19,249 Households (46% of all households) in Grand Rapids have 2 vehicles available and when it is bundled with home insurance you can save $148. Discounts for similar bundling in close by locations such as East Grand Rapids, Grand Rapids charter, Wyoming come to $164, $160, $147 respectively.
  • Senior Discounts: 17,254 seniors (more than 55 years) occupied housing units (41% of total) in Grand Rapids get discounts between $110 to $113 and varies from East Grand Rapids ($123), Grand Rapids charter ($120), Wyoming ($110).
  • New Homes discounts: New homes such as the 23,236 homes built between 2000 to 2009 in Grand Rapids can save $148 compared to East Grand Rapids ($164), Grand Rapids charter ($160), Wyoming ($147).

Grand Rapids Homeowners insurance Facts

  • Grand Rapids, MI has 41,197 owner occupied houses which is 56.6% of all units whereas East Grand Rapids, Grand Rapids charter and Wyoming have 91.16%, 88.64% and 66.59% respectively.
  • Grand Rapids, MI homeowners yearly insurance price at $740 is 0.65% of the typical house value of $113,900 which is in contrast with 0.33% in East Grand Rapids, 0.38% at Grand Rapids charter & 0.68% in Wyoming.
  • Homeowners in Grand Rapids, MI pay 1.1% of their income ($60,000 to $74,999) in insurance whereas homeowners in East Grand Rapids, Grand Rapids charter and Wyoming pay 1.22%, 1.19% and 1.09% respectively.
  • Grand Rapids, MI’s insurance is 5.3% of monthly housing costs of $1,156/month, for owners with a mortgage compared to 3.61% in East Grand Rapids, 3.75% at Grand Rapids charter & 5.11% in Wyoming. But, for households without a mortgage, insurance is 14.7% of costs ($420 in Grand Rapids, MI) in contrast with 9.94% in East Grand Rapids, 11.82% at Grand Rapids charter & 14.76% in Wyoming.

Grand Rapids, MI Home Values & Insurance rates

For example, insurance for 640 Homes (1.0% of total homes ) valued between $300,000 to $399,999 in Grand Rapids, MI is about $2,271. Rates in nearby areas in such as East Grand Rapids, Grand Rapids charter, Walker are cheaper by $1,111, $951, $501 respectively while Wyoming and Middleville are costlier by $94 and $135 respectively for similar homes.

Grand Rapids, MI Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 3,411 8.0% $155
$50,000 to $59,999 1,307 3.0% $340
$60,000 to $69,999 2,012 4.0% $421
$70,000 to $79,999 2,598 6.0% $481
$80,000 to $89,999 3,259 7.0% $547
$90,000 to $99,999 2,951 7.0% $614
$100,000 to $124,999 9,112 22.0% $710
$125,000 to $149,999 6,878 16.0% $888
$150,000 to $174,999 3,642 8.0% $1050
$175,000 to $199,999 2,084 5.0% $1213
$200,000 to $249,999 1,956 4.0% $1457
$250,000 to $299,999 952 2.0% $1783
$300,000 to $399,999 640 1.0% $2271

Renters Insurance in Grand Rapids

  • Average Renters Insurance in Grand Rapids :  $205($17/month)

  • Median Gross Rent in Grand Rapids :  $749

  • Grand Rapids Renters Insurance to Median Rent Ratio:  2.27%

  • Average household size of renter-occupied unit :  2.47

Grand Rapids Renters Insurance as a Percentage of Rent

Grand Rapids Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 687 2.0% $351
$200 to $299 1,425 4.0% $801
$300 to $499 2,491 8.0% $1251
$500 to $749 10,839 35.0% $1926
$750 to $999 8,057 26.0% $2676
$1,000 to $1,499 6,084 19.0% $3801
$1,500 or more 1,146 3.0% $5451

Rent Affordability in Grand Rapids:

Approximately 51.0% (16,370) of households are spending more than 35% of their income on gross rent in Grand Rapids

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,521 7.0%
15.0 to 19.9 percent 2,923 9.0%
20.0 to 24.9 percent 3,631 11.0%
25.0 to 29.9 percent 3,382 10.0%
30.0 to 34.9 percent 2,761 8.0%
35.0 percent or more 16,370 51.0%

Protective device discount in Grand Rapids Up to :  $30

Claims-free discount in Grand Rapids Up to :  $41