Grand Rapids Insurance Rates:

Grand Rapids ,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 Grand Rapids, 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 Grand Rapids, MI is $1581. Enter your zipcode below and click “GO” to get multiple free quotes.

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Home Insurance Companies in Grand Rapids, MI: Customer-Reviewed Options


Grand Rapids, MI Homeowners Insurance Rates by Coverage Level

It is important to understand the different coverage options available in Grand Rapids, MI. VHome Insurance will help you navigate the world of homeowners insurance coverages in Grand Rapids, MI.

Coverage Level Average Annual Premium
$100,000 $632
$200,000 $1,075
$300,000 $1,328
$400,000 $2,024
$500,000 $2,545


Grand Rapids, MI Homeowners Insurance Rates by ZIP Code

Home insurance costs in Grand Rapids 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
049507 $1,471
49546 $1,619
49506 $1,589
49525 $1,560
49544 $1,520
49505 $1,499
49503 $1,504


Grand Rapids, MI Homeowners Insurance Deductibles

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 Grand Rapids, MI, and how to choose the right one for your needs.

Deductible Level Average Annual Premium
$500 Deductible $1,621
$1000 Deductible $1,450
$1500 Deductible $1,368
$2500 Deductible $1,233
$5000 Deductible $1,043



Top Home Insurance Agents Near Grand Rapids, MI

Home Insurance Company Near Grand Rapids, MI Homeowners Insurance Agency Near Grand Rapids, MI Address
Travelers Carr Agency Inc 115 W MAIN ST, IONIA, MI, 48846
Allstate Darryl Rauhoff 5050 Gull Rd, Kalamazoo, MI, 49048
State Farm Kelly Schmidtke 4211 Clyde Park Ave SW, Wyoming, MI, 49509-5474
State Farm Ken Visser 9505 Cherry Vly Ave SE, Caledonia, MI, 49316-9524
Allstate Roger Vroegindewey 4300 Plainfield Ave NE Ste C, Grand Rapids, MI, 49525

Grand Rapids, MI Home Insurance Agents for Top Companies


Grand Rapids, MI Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
East Grand Rapids city, Michigan $123 $164 $246
Grand Rapids charter township, Kent County, Michigan $120 $160 $240
Wyoming city, Michigan $110 $147 $221


Grand Rapids, MI Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Grand Rapids, MI5.3%14.7%
East Grand Rapids3.61%9.94%
Grand Rapids charter3.75%11.82%

Grand Rapids Renters Insurance as a Percentage of Rent

Grand Rapids Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 687 2.0% $351
$200 to $299 1,425 4.0% $801
$300 to $499 2,491 8.0% $1251
$500 to $749 10,839 35.0% $1926
$750 to $999 8,057 26.0% $2676
$1,000 to $1,499 6,084 19.0% $3801
$1,500 or more 1,146 3.0% $5451

Cost Of Homeowners Insurance By Street Near Grand Rapids, MI

Streets in Grand Rapids Area Homeowners Insurance Cost
Campau NW, Emerson Ave NW, Crescent Dr NE, Cambridge St SE, Ridgeway Rd SE, Riverview Ave NE, Benson Ave NE, Nixon Ave NW, Belknap Ave NE, Whitmore Ave NW$739
Casimer Ave NE, Ramona St SE, Aleda Ave SE, Thelma Ave SE, Lakeside Dr SE, Embassy Dr SE, Corinne St SW, Pheasant Ave NW, Donnybrook Ct NE, Summer Ave NW$725
Ashland Ave NE, Danbury Dr SE, Buckley St SW, Royal Point Dr NW, Belmar Dr SE, Northwood St NE, Oakdale St SE, Holland Ave NE, Aberdeen St NE, Gerald Ave NE$742
Oak Park Dr SE, Courtyard Pl SE, Skyline Cir NW, Stanwood St NW, Hollis Dr NE, Congress Ave SE, Winchester Pl NE, Evernia Ave SE, Calkins Ave SE, Rolling Hills Dr SE$757
Dunlin Ct NE, Cranbrook Dr NE, Brook Hollow Pl SE, Bartlett St SW, Cloverleaf Dr SE, Robinson Rd SE, Bradford Farms Ln NE, Greenings St NE, Old Grand River Trl NE, Race St NE$835
Martin Ave SE, Haines Ave NW, Myrtle St NW, Van Portfliet Dr NW, Red Bud Cir NW, Blackberry Ct, Maplegrove Dr NW, Winesap Ct NE, Timothy St SE, Mc Reynolds Ave NW$753
Bransford St, Dean Lake Ave NE, Bradford Ct NE, Mount Vernon Ave SW, Moreland Ct NW, Stewart St SW, Spanish Ct SE, Ottillia St SE, Newberg Ave NW, Rurah Ave NE$730
Otsego Dr SE, Simmons Ave NE, Cavalcade Dr SE, Ken-O-Par St SE, Butler Ave SE, Forest Hill Ave SE, Pearl St NW, Crescent St NE, Riva Ridge Dr SE, Grandville Ave SW$780
Martindale Ave SW, Virginia St SE, Antebellum Ct NW, Scott Ave NW, Sterling Ave NW, Monique Dr NE, N Blodgett Aly SE, Foot Hills Ct NE, Gabrielle Ct NE, Avalon Ter SE$762
Wendler Ave SW, Meadowfield Dr NE, Walker Pl NW, Meadow Dale Dr NW, Coach Ln SE, Briar Hills Dr NE, Appleton Ct NE, Woodcrest Dr NW, Wellington Ave SE, Ridgecrest Rd SE$742

Grand Rapids, MI Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Grand Rapids$110 to $113
East Grand Rapids$123
Grand Rapids charter$120

Grand Rapids, MI Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Grand Rapids Homeowner Insurance Premium Example $800$600
Out of Pocket Expense During Claim$1,700$2,700
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $8,100$7,500
Net Savings to Grand Rapids Home Owner from High Deductible Plan $600


Grand Rapids, MI Home Insurance Costs With Home Replacement Value Scenarios

Scenario Grand Rapids, MI Home Replacement Value MORE than Home Value Grand Rapids, MI Home Replacement Value LESS than Home Value
Replacement Value $296,000 $193,500
Insurance Premium based on Replacement Value $1,450 $950
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $34,000 Risk Exposure from Under Insuring Coverage is $68,500
Premium Impact Insurance cheaper by $325/year Insurance costlier by $175/year


Example Grand Rapids Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Farmers InsuranceState FarmChubb Group of Insurance
Monthly Premium 274335
Year Built 196319711948
Home Details 2 Beds, 1 Baths3 Beds, 1 Baths4 Beds, 2 Baths
Coverage Amount $75000-$100000$100000-$125000$100000-$125000
Deductible $1000-$2500 Deductible$500 Deductible$500- $1000 Deductible