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South Lyon, MI Home Values & Insurance Rates

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

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

Example South Lyon Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Chubb Group of InsuranceState FarmAllstate
Monthly Premium 4510253
Year Built 200619881993
Home Details 2 Beds, 1 Baths5 Beds, 1 Baths4 Beds, 3 Baths
Coverage Amount $150000-$175000$400000-$500000$150000-$175000
Deductible $1000-$2500 Deductible$5000 to $10,000 Deductible$500- $1000 Deductible

Top Home Insurance Agents Near South Lyon, MI

Home Insurance Company Near South Lyon, MI Homeowners Insurance Agency Near South Lyon, MI Address Distance from South Lyon, MI (miles)
R & A Insurance Services Inc 8061 21 Mile Road 8061 21 Mile Road Twp, Shelby, MI, 48317 34.0
Travelers Hantz Agency Llc 26200 AMERICAN DR 5TH FLOOR, SOUTHFIELD, MI, 48034 18.0
State Farm Kenya Wells 20021 Kelly Rd, Detroit, MI, 48225-1921 36.1
State Farm Marty O'Neill 22637 Woodward Ave, Ferndale, MI, 48220-1801 26.5
Travelers Ponta Castle Ingram Agency Inc 14061 13 MILE RD STE 2, WARREN, MI, 48088 34.4


Estimated Home Insurance By Street Area Near South Lyon, MI

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

South Lyon, MI Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,500$2,500
Yearly South Lyon Homeowner Insurance Premium Example $800$600
Out of Pocket Expense During Claim$1,500$2,500
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $7,900$7,300
Net Savings to South Lyon Home Owner from High Deductible Plan $600

South Lyon, MI Home Insurance Costs With Home Replacement Value Scenarios

Scenario South Lyon, MI Home Replacement Value MORE than Home Value South Lyon, MI Home Replacement Value LESS than Home Value
Replacement Value $219,000 $143,500
Insurance Premium based on Replacement Value $975 $625
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $27,500 Risk Exposure from Under Insuring Coverage is $48,000
Premium Impact Insurance cheaper by $225/year Insurance costlier by $125/year