How To Make Your Detroit, MI Home Insurance Cheaper
Detroit, MI, homeowners insurance is about $884. V Home Insurance detailed analysis provides guidance to shoppers by choosing the right insurance provider for factors such as home value, coverage, and deductible. Enter your Zip Code below and click “GO” to get multiple free quotes.
Comparison of Detroit, MI Home Insurance Rates with the Wayne County Average
| Place | Wayne County Average: $1,338.6 | $ Difference vs coutny Average | % Difference vs coutny Average | Population | Estimated Value of a Home ($) |
|---|---|---|---|---|---|
| Detroit, MI | $883.5 | -455.1 | -0.34 | 721,459 | 42,800 |
Cost of Detroit, MI Homeowners Insurance by Home Value and Household Income
| Nearby Places | Median Home value ($) | Median Household Income ($) | Premium Range |
|---|---|---|---|
| Madison Heights | 91,300 | 5,361 | $706 |
| Bloomfield Hills | 840,300 | 60,161 | $789.7 |
| Mount Clemens | 87,000 | 3,915 | $699 |
| Orion charter | 240,400 | 7,378 | $919 |
Homeowners Insurance Comparison for the Cheapest Premiums in Detroit, MI
| The Hartford | American National Property and Casualty Company | Encompass Insurance | |
| Median Home Value ($) | 42,800 | 42,800 | 42,800 |
| Age of Home | Year 50 Old | Year 40 Old | Year 40 Old |
| Home Coverage ($) | $1000,000 -$1499,999 | $500,000 -$749,999 | $750,000 -$999,999 |
| Total Premium ($) | $20,657.9 | $15,437.2 | $17,849.3 |
Cost of Detroit, MI Home insurance Premium for Different Deductibles
| Company | Deductible ($) | Coverage value | Insurance premium ($) |
|---|---|---|---|
| Foremost Insurance | 500 | $200,000-$249,999 | 4,122.9 |
| MetLife | 1500 | $150,000-$174,999 | 2,406.8 |
| Progressive | 1000 | $175,000-$199,999 | 3,417.3 |
| Allstate | 1000 | $500,000-$749,999 | 12,166.6 |
| State Farm | 500 | $250,000-$299,999 | 5,741.6 |
| Liberty Mutual | 2000 | $1000,000-$1499,999 | 13,660.9 |
| Meemic Insurance | 2500 | $1000,000-$1499,999 | 11,994.9 |
| Safeco Insurance | 1500 | $1500,000-$2000,000 | 15,739.8 |
| Universal Property & Casualty Insurance Company | 1500 | $1000,000-$1499,999 | 14,660.5 |
| Farmer's Insurance | 500 | $300,000-$399,999 | 8,051.4 |