Ann Arbor ,MI Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Ann Arbor, MI homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Ann Arbor, MI is $1754. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Ann Arbor, MI. VHome Insurance will help you navigate the world of homeowners insurance coverages in Ann Arbor, MI.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $702 |
| $200,000 | $1,193 |
| $300,000 | $1,473 |
| $400,000 | $2,245 |
| $500,000 | $2,824 |
Home insurance costs in Ann Arbor can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 048105 | $1,703 |
| 48103 | $1,694 |
| 48104 | $1,726 |
| 48108 | $1,616 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Ann Arbor, MI, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,798 |
| $1000 Deductible | $1,608 |
| $1500 Deductible | $1,517 |
| $2500 Deductible | $1,368 |
| $5000 Deductible | $1,158 |
| Home Insurance Company Near Ann Arbor, MI | Homeowners Insurance Agency Near Ann Arbor, MI | Address |
|---|---|---|
| Travelers | Kraft Food Employees | 4 PARKLANE BLVD SUITE 414, DEARBORN, MI, 48126 |
| Allstate | Renee Sitarski | 1509 N Opdyke Rd, Auburn Hills, MI, 48326 |
| State Farm | Steve Dombrowski | 2515 S Dye Rd, Flint, MI, 48532-4154 |
| NA | Brighton Insurance & Financial Services | 4750 Old Us 23 , Brighton, MI, 48114 |
| NA | America One Inc. | 2380 Science Parkway Ste 106, Okemos, MI, 48864 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Barton Hills village, Michigan | $178 | $237 | $356 |
| Ann Arbor charter township, Washtenaw County, Michigan | $135 | $180 | $270 |
| Pittsfield charter township, Washtenaw County, Michigan | $122 | $162 | $243 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Ann Arbor, MI | 3.6% | 9.5% |
| Barton Hills | 2.47% | 9.87% |
| Ann Arbor charter | 2.81% | 8.19% |
| Pittsfield charter | 3.36% | 10.19% |
| Ann Arbor Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 359 | 1.0% | $303 |
| $200 to $299 | 394 | 1.0% | $753 |
| $300 to $499 | 960 | 3.0% | $1203 |
| $500 to $749 | 3,565 | 14.0% | $1878 |
| $750 to $999 | 7,515 | 30.0% | $2628 |
| $1,000 to $1,499 | 8,121 | 33.0% | $3753 |
| $1,500 or more | 3,547 | 14.0% | $5403 |
| Streets in Ann Arbor Area | Homeowners Insurance Cost |
|---|---|
| Dogwood Ct, 3rd St, Lancashire Dr, Honey Creek Dr, N Division St, Tappan Ave, E William St, Georgetown Blvd, S Green Rd, Kenilworth Dr | $790 |
| Dorset Rd, Vaughn St, Ticknor Ct, Wayside Dr, Heatherbrook Ln, Sciomeadows Dr, W William St, Northwood St, Breckland Dr, Hall Ave | $839 |
| Bolgos Cir, E Park Pl, Rockland Ct, Katie Jo Ct, Williamsburg Rd, Dolph Dr, Pear St, Kuebler Dr, Maynard St, White Oak Ct | $908 |
| Commonwealth Dr, Valhalla Dr, N Revena Blvd, Apple St, Plum Hollow Dr, Heatherway St, Millbrook Dr, Morton Ave, Krause St, N Glendale Dr | $971 |
| Cloverdale St, S University Ave, Tacoma Cir, 8th St, Country Club Rd, Runnymede Blvd, Parkridge Dr, Devonshire Rd, Lake Shore Dr, Shady Ln | $873 |
| Rolling Meadows Dr, Dean Rd, Phoenix Dr, Westaire Ct, Foster Ave, Forest, Old Pear Tree Ct, Manitou Ct, Eton Ct, Pleasant Pl | $738 |
| Whitshire Ct, Kim St, Ironwood Dr, John A Woods Dr, W Liberty Rd, Manhattan Dr, Nottingham Rd, Alpine Dr, Starwick Dr, Christine Dr | $788 |
| Riverview Dr, W Summit St, Turnberry Ln, Perennial Ln, Springbrook, Drappatz Hts, Brooks St, Lohr Cir, Watersedge Dr, Starak Ln | $792 |
| Rockport Ct, Oswego St, E Huron River Svc Rd, Shirley Ln, Fuller St, E Summit St, Mystic Dr, Varsity Dr, Brentwood Dr, Verle Ave | $835 |
| Baldwin Pl, Day St, Hilton Blvd, au Sable Pl, Edgewood Pl, Severn Ct, King George Blvd, Bending Rd, Dewey Ave, Hidden Brook Ln | $964 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Ann Arbor | $121 to $124 |
| Barton Hills | $177 |
| Ann Arbor charter | $135 |
| Pittsfield charter | $121 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $5,000 |
| Yearly Ann Arbor Homeowner Insurance Premium Example | $2,200 | $1,400 |
| Out of Pocket Expense During Claim | $1,000 | $5,000 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $14,200 | $13,400 |
| Net Savings to Ann Arbor Home Owner from High Deductible Plan | $800 | |
| Scenario | Ann Arbor, MI Home Replacement Value MORE than Home Value | Ann Arbor, MI Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $249,000 | $192,500 |
| Insurance Premium based on Replacement Value | $1,400 | $1,075 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $34,000 | Risk Exposure from Under Insuring Coverage is $22,500 |
| Premium Impact | Insurance cheaper by $125/year | Insurance costlier by $200/year |
| Insurance Company | Farmers Insurance | Amica Mutual Insurance Company | State Farm |
| Monthly Premium | 86 | 97 | 66 |
| Year Built | 2008 | 1961 | 1974 |
| Home Details | 3 Beds, 1 Baths | 5 Beds, 3 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $250000-$300000 | $300000-$350000 | $125000-$150000 |
| Deductible | $2500-$5000 Deductible | $5000 to $10,000 Deductible | $500 Deductible |