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Spring Arbor, MI Home Values & Insurance Rates

Spring Arbor, MI Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 282 14.0% $121
$50,000 to $59,999 76 3.0% $266
$60,000 to $69,999 74 3.0% $327
$70,000 to $79,999 52 2.0% $381
$80,000 to $89,999 32 1.0% $434
$90,000 to $99,999 116 5.0% $480
$100,000 to $124,999 185 9.0% $556
$125,000 to $149,999 270 13.0% $701
$150,000 to $174,999 344 17.0% $830
$175,000 to $199,999 236 11.0% $960
$200,000 to $249,999 190 9.0% $1150
$250,000 to $299,999 99 4.0% $1409
$300,000 to $399,999 50 2.0% $1790

Spring Arbor Renters Insurance as a Percentage of Rent

Spring Arbor Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 16 3.0% $337
$200 to $299 26 5.0% $787
$300 to $499 15 3.0% $1237
$500 to $749 181 40.0% $1912
$750 to $999 41 9.0% $2662
$1,000 to $1,499 127 28.0% $3787
$1,500 or more 36 8.0% $5437

Example Spring Arbor Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Chubb Group of InsuranceNationwide InsuranceFarmers Insurance
Monthly Premium 897854
Year Built 201219821976
Home Details 3 Beds, 1 Baths4 Beds, 1 Baths5 Beds, 2 Baths
Coverage Amount $200000-$250000$200000-$250000$200000-$250000
Deductible $1000-$2500 Deductible$2500-$5000 Deductible$2500-$5000 Deductible

Top Home Insurance Agents Near Spring Arbor, MI

Home Insurance Company Near Spring Arbor, MI Homeowners Insurance Agency Near Spring Arbor, MI Address Distance from Spring Arbor, MI (miles)
Lighthouse Insurance Group Inc 203 South Michigan Avenue, Hastings, MI, 49058 48.9
Decker & Sons Insurance Agency Inc 12830 E Chicago Rd Center, Somerset, MI, 49282 12.7
State Farm Chris Birk 3003 Washtenaw Ave Ste 5, Ann Arbor, MI, 48104-5107 43.0
Allstate Joseph Dunn 248 E Saginaw St Ste 1, East Lansing, MI, 48823 37.5
State Farm Mike Gage 5735 S Cedar St Ste C, Lansing, MI, 48911-5154 32.3


Estimated Home Insurance By Street Area Near Spring Arbor, MI

Spring Arbor Area Estimated House Insurance
Ivan Dr, Horst Ct, Engelhardt Strasse, Van Wert Rd, Earl Dr, Lockerbie Dr, Mulberry Cir, Parsons Rd, Paddock St, Moscow Rd$744
W Arbor View Dr, Elwood Blvd, King Rd, Baldwin, Carter Rd, Schultz Rd, Roundtree Rd, Cross Rd, Scotch Blue Dr, J Dr$744
French Rd, Faith Dr, Little Dr, Albion Rd, S Sandstone Rd, W Gordon Dr, Star Rd, Liberty St, Reiniche Rd, Weeks Rd$756
Stonehaven Dr, Farwell Lake, Noble St, Noble Rd, Preston Rd, Rimers Dr, W Court St, Chapel Rd, Warriner Rd, Tripp Rd$758
E Court St, S Harrington Rd, Litle Rd, Obrien Rd, Swains Lake Dr, Renfrew Blvd, Stonecreek Dr, Weir Rd, River St, Village Green Ln$749

Spring Arbor, MI Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$600$1,600
Yearly Spring Arbor Homeowner Insurance Premium Example $1,600$1,100
Out of Pocket Expense During Claim$600$1,600
Total Home Insurance Premium for 4 years + Out of Pocket Expense for Claim $7,000$6,000
Net Savings to Spring Arbor Home Owner from High Deductible Plan $1,000

Spring Arbor, MI Home Insurance Costs With Home Replacement Value Scenarios

Scenario Spring Arbor, MI Home Replacement Value MORE than Home Value Spring Arbor, MI Home Replacement Value LESS than Home Value
Replacement Value $139,500 $108,000
Insurance Premium based on Replacement Value $775 $600
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $14,500 Risk Exposure from Under Insuring Coverage is $17,000
Premium Impact Insurance cheaper by $100/year Insurance costlier by $75/year