South Lyon Insurance Rates:

South Lyon, MI home insurance is roughly $646 to $882, about $53-$73/month. Our exhaustive guide reveals consumers can save as much as $305 by comparing different quotes

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South Lyon Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Nationwide Insurance
Home Insurance Rate of $120/1 month for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $290,000

5 Beds, 5 Baths 2980 sqft Vacation Property Constructed In 1983 with Carpet Flooring, Tile Roof, Slab Foundation, Stucco siding, Wood Frame. Home Features Include Copper Water Pipes, Swimming Pool, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has No Pets and is a Non-Smoker

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

  • 650-699 Credit Score

Home Insurance Rate of $440/7 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $175,000

5 Beds, 5 Bath 2030 sqft Rental Property Constructed In 2014 with Carpet over wood flooring, Metal Roof, Slab Foundation, Stone Siding, Wood Frame. Home Features Include Fire Extinguisher, Central Air Conditioning, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

47 Years old Single Male who has a Full Time Job with household income of $100-$150,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $330/10 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $95,000

2 Beds, 2 Bath 1200 sqft Rental Property Constructed In 1996 with Carpet over wood flooring, Wood Shake Roof, Piers Foundation, Wood siding, Wood Frame. Home Features Include Copper Water Pipes, Central Air Conditioning, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $210/3 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $235,000

4 Beds, 4 Baths 3120 sqft Rental Property Constructed In 2013 with Wood Flooring, Membrane Roof, Chainwall Foundation, Vinyl siding, Wood Frame. Home Features Include Fire Extinguisher, Smoke Alarm, Fireplace, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

45 Years old Married Male who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $460/9 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $165,000

2 Beds, 2 Bath 1720 sqft Rental Property Constructed In 1980 with Carpet over wood flooring, Shingles Roof, Chainwall Foundation, Wood siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

46 Years old Married Female who has a Full Time Job with household income of $75-$100,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $980/6 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $370,000

5 Beds, 5 Baths 4230 sqft Primary Residence Constructed In 2011 with Hardwood Flooring, Wood Shake Roof, Chainwall Foundation, Vinyl siding, Brick Frame. Home Features Include Copper Water Pipes, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

23 Years old Single Male who has a Part 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

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $760/10 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $170,000

4 Beds, 4 Baths 2070 sqft Vacation Property Constructed In 1988 with Stone Flooring, Shingles Roof, Chainwall Foundation, Stucco siding, Wood Frame. Home Features Include Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

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

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $380/7 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $225,000

3 Beds, 3 Baths 2130 sqft Vacation Property Constructed In 1997 with Stone Flooring, Wood Shake Roof, Piers Foundation, Vinyl siding, Stucco Construction. Home Features Include Copper Water Pipes, Fire Extinguisher, Deadbolt Locks, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

61 Years old Single Male who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $480/10 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $130,000

2 Beds, 2 Bath 1470 sqft Rental Property Constructed In 1985 with Carpet Flooring, Shingles Roof, Piers Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Deadbolt Locks, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Single Female who has a Part Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $790/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $330,000

4 Beds, 4 Baths 3370 sqft Rental Property Constructed In 1998 with Linoleum, Composition Roof, Chainwall Foundation, Wood siding, Stucco Construction. Home Features Include Fireplace, Central Air Conditioning, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

23 Years old Single Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

South Lyon, MI Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
48178 $203,100 $820

South Lyon Rates & Quotes Analysis:

South Lyon Area Estimated House Insurance
Dean Dr, Browning St, Knollwood Cir, S Parkwood Dr, Stryker St, Winding Creek Dr, Glory Land St, Village Way, Longfellow St, Lyon Meadow Ct$777
Kay St, Lyon Ridge Dr, Franklin Ter, Winged Foot Way, Coach House Ln, Currie Ct, Concord Ln, Saddle Dr, Glen Meadows Dr, Clarks Ct$742
Lottie St, Corral Ln, Potomac Dr, S Reese St, Kestrel Ridge Dr, Oak Creek Dr, Chubb Rd, Parkwoods Dr, N Hagadorn St, Deaton Dr$772
Fairfield Ct, S Lyon Woods Dr, Eagle Crest Dr, Spangler Dr, Calkins, Hackney Ct, Martha Ln, Shinnecock Dr, Heritage Blvd, Cantor Ln$774
Northpark Dr, Kerry Ln, S Lafayette St, Russell Ln, Alexandria Ct, Sandra, Bud Ln, N Lafayette St, Chestnut Ln, Crest Ln E$826

Insurance rates are influenced by a number of factors including:

  • Year Built: 731 Homes (13% of total) built between 1980 to 1989 in South Lyon are paying home insurance between $1,140-$1,151 in contrast with Lyon charter (+$65), Green Oak (+$50), Salem (+$61), Whitmore Lake (-$24) and Walled Lake (-$36).
  • Bedrooms: 1,861 2 bedrooms homes (35% of total homes ) in South Lyon are paying about $742 and varies from Lyon charter (+$34), Green Oak (+$25), Salem (+$31), Whitmore Lake (-$23) and Northfield (-$5).
  • Auto Insurance Bundling: 537 Households (14% of all households) in South Lyon have 3 or more vehicles available and when it is bundled with home insurance you can save $191. Discounts for similar bundling in close by locations such as Lyon charter, Green Oak, Salem come to $202, $199, $201 respectively.
  • Senior Discounts: 1,604 seniors (more than 55 years) occupied housing units (43% of total) in South Lyon get discounts between $113 to $115. The comparative concessions in proximate regions such as Lyon charter, Green Oak and Salem are $121, $119 and $120 respectively.
  • New Homes discounts: New homes such as the 2,822 homes built between 2000 to 2009 in South Lyon can save $152 in contrast with Lyon charter ($161), Green Oak ($159), Salem ($161).

South Lyon Homeowners insurance Facts

  • South Lyon, MI has 3,665 owner occupied houses which is 76.6% of all units whereas Lyon charter, Green Oak and Salem have 84.96%, 88.34% and 92.94% respectively.
  • South Lyon, MI homeowners yearly insurance price at $764 is 0.5% of the typical house value of $152,200 which is in contrast with 0.36% in Lyon charter, 0.39% at Green Oak & 0.37% in Salem.
  • Homeowners in South Lyon, MI pay 4.37% of their income ($15,000 to $19,999) in insurance whereas homeowners in Lyon charter, Green Oak and Salem pay 4.62%, 4.56% and 4.6% respectively.
  • South Lyon, MI’s insurance is 3.8% of monthly housing costs of $1,694/month, for owners with a mortgage compared to 3.48% in Lyon charter, 3.88% at Green Oak & 3.73% in Salem. But, for households without a mortgage, insurance is 11.6% of costs ($548 in South Lyon, MI) in contrast with 12.11% in Lyon charter, 11.75% at Green Oak & 11.22% in Salem.

South Lyon, MI Home Values & Insurance rates

For example, insurance for 467 Homes (12.0% of total homes ) valued between $200,000 to $249,999 in South Lyon, MI is about $1,130. Rates in nearby areas in such as Lyon charter, Green Oak, Salem are cheaper by $314, $269, $309 respectively while Whitmore Lake and Walled Lake are costlier by $186 and $327 respectively for similar homes.

South Lyon, MI Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 471 12.0% $122
$50,000 to $59,999 72 1.0% $259
$60,000 to $69,999 205 5.0% $320
$70,000 to $79,999 206 5.0% $374
$80,000 to $89,999 128 3.0% $420
$90,000 to $99,999 51 1.0% $473
$100,000 to $124,999 337 9.0% $550
$125,000 to $149,999 312 8.0% $687
$150,000 to $174,999 569 15.0% $809
$175,000 to $199,999 345 9.0% $939
$200,000 to $249,999 467 12.0% $1130
$250,000 to $299,999 265 7.0% $1382
$300,000 to $399,999 216 5.0% $1749

Renters Insurance in South Lyon

  • Average Renters Insurance in South Lyon :  $142($11/month)

  • Median Gross Rent in South Lyon :  $759

  • South Lyon Renters Insurance to Median Rent Ratio:  1.45%

  • Average household size of renter-occupied unit :  1.97

South Lyon Renters Insurance as a Percentage of Rent

South Lyon Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 12 1.0% $335
$300 to $499 30 2.0% $1235
$500 to $749 492 44.0% $1910
$750 to $999 277 25.0% $2660
$1,000 to $1,499 247 22.0% $3785
$1,500 or more 36 3.0% $5435

Rent Affordability in South Lyon:

Approximately 38.0% (436) of households are spending more than 35% of their income on gross rent in South Lyon

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 18 1.0%
15.0 to 19.9 percent 185 16.0%
20.0 to 24.9 percent 138 12.0%
25.0 to 29.9 percent 184 16.0%
30.0 to 34.9 percent 161 14.0%
35.0 percent or more 436 38.0%

South Lyon Renters Insurance Discounts:

South Lyon Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in South Lyon, MI Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 786 70.0% $14.2
2 vehicles available 185 16.0% $21.3
3 or more vehicles available 46 4.0% $28.4

Protective device discount in South Lyon Up to :  $21

Claims-free discount in South Lyon Up to :  $28