Lansing ,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 Lansing, 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 Lansing, MI is $1517. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Lansing, MI. VHome Insurance will help you navigate the world of homeowners insurance coverages in Lansing, MI.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $607 |
| $200,000 | $1,032 |
| $300,000 | $1,274 |
| $400,000 | $1,942 |
| $500,000 | $2,442 |
Home insurance costs in Lansing 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 |
|---|---|
| 048911 | $1,444 |
| 48912 | $1,456 |
| 48906 | $1,451 |
| 48910 | $1,434 |
| 48933 | $1,453 |
| 48915 | $1,432 |
| 48917 | $1,498 |
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 Lansing, MI, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,555 |
| $1000 Deductible | $1,391 |
| $1500 Deductible | $1,312 |
| $2500 Deductible | $1,183 |
| $5000 Deductible | $1,001 |
| Home Insurance Company Near Lansing, MI | Homeowners Insurance Agency Near Lansing, MI | Address |
|---|---|---|
| Liberty Mutual Independent | Michael Kirgis/A Ins Assoc | 340 LOVELL ST, IONIA, MI, 48846 |
| NA | The Stark Agency, Inc | 431 N Clippert, Lansing, MI, 48912 |
| NA | Cadwallader Lord Hahn Incorporated | 200 West Exchange Street, Owosso, MI, 48867 |
| NA | Robin Chase Insurance Agency | 2666 Jordan Lake St , Lake Odessa, MI, 48849 |
| NA | W J Phillips, Inc. | 6045 Corunna Rd. , Flint, MI, 48532 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Lansing charter township, Ingham County, Michigan | $92 | $123 | $184 |
| Edgemont Park CDP, Michigan | $92 | $123 | $184 |
| Waverly CDP, Michigan | $95 | $127 | $190 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Lansing, MI | 5.5% | 13.6% |
| Lansing charter | 5.31% | 13.79% |
| Edgemont Park | 5.2% | 13.22% |
| Waverly | 4.41% | 12.03% |
| Lansing Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 647 | 3.0% | $361 |
| $200 to $299 | 856 | 4.0% | $811 |
| $300 to $499 | 2,247 | 10.0% | $1261 |
| $500 to $749 | 8,485 | 40.0% | $1936 |
| $750 to $999 | 5,449 | 25.0% | $2686 |
| $1,000 to $1,499 | 3,016 | 14.0% | $3811 |
| $1,500 or more | 403 | 1.0% | $5461 |
| Streets in Lansing Area | Homeowners Insurance Cost |
|---|---|
| Centennial Way, Bridgeport Dr, Ravenna Trl, Williams Rd, Wildon Way W, Barretta Way, Portman Pl, Heathgate Dr, Ambassador Ave, Wellington Dr | $716 |
| Sweetgrass Ln, Millett Hwy, Guinea, Blue Lagoon Dr, I- 69, Brickand Dr, Old Farm Ln, Arbor Vitae Dr, Vernon Dr, Rockingham Dr | $735 |
| Hibiscus Ln, Pine Ridge Dr, River Cove Dr, Killarney Ct, Bobsyl Ln, Creekside Dr, Hart Hwy, Thornapple Ln, Jimson Dr, Madonna Dr | $776 |
| Chellmar Dr, Truxton Ln, Ballinalee Ln, Echo Ln, W Mt Hope Ave, Westshire St, S Arlington Dr, Barnett Cir, Chubby Dr, Hidden Pond Dr | $753 |
| Glen Terra Dr, Vicksburg Dr, Vermillion, Apple Blossom Ln, Cornerstone Dr, Woodlane Dr, W Greenfield Rd, Prestwick Dr, Legend Woods Dr, Newberry Dr | $782 |
| Countryside Dr, Royal Cove Dr, Kelly Ln, Yellowstone Ln, Saxon Dr, Courtland Dr, Williamsburg Rd, Westhill Dr, Huckleberry Ln, E Mount Hope Hwy | $780 |
| Central Cir, Ryder Rd, Dove Ln, Burt Hwy, Marketplace Blvd, Lanac St, Ellstone Cir, Audrey Ln, Pebble Pl, Doe Pass | $772 |
| Centerline Dr, Wild Spirit Dr, Steeplechase Way, Roaring Brook Cir, Gold Fields Dr, Jordan Ct, Bridge Hwy, Old Castle Cir, Ember Glen Pass, Woodbridge Dr | $772 |
| Hartland Dr, Bittersweet Ln, Firwood St, Gettysburg Dr, Delta Market Dr, N River Hwy, Pares Rd, E Libbie Dr, Merryman Way, Wheatdale Ln | $773 |
| Meade Dr, Seaway Dr, Rockbridge Rd, Municipal Way, Teller Trl, Sandpiper Ln, Dickson Rd, Hearthstone Rd, Coneflower Ct, Granger Dr | $774 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Lansing | $108 to $110 |
| Lansing charter | $110 |
| Waverly | $114 |
| East Lansing | $117 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,100 | $2,100 |
| Yearly Lansing Homeowner Insurance Premium Example | $600 | $400 |
| Out of Pocket Expense During Claim | $1,100 | $2,100 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $5,900 | $5,300 |
| Net Savings to Lansing Home Owner from High Deductible Plan | $600 | |
| Scenario | Lansing, MI Home Replacement Value MORE than Home Value | Lansing, MI Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $132,000 | $87,000 |
| Insurance Premium based on Replacement Value | $750 | $500 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $26,000 | Risk Exposure from Under Insuring Coverage is $19,000 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $150/year |
| Insurance Company | Chubb Group of Insurance | Liberty Mutual | State Farm |
| Monthly Premium | 39 | 51 | 79 |
| Year Built | 1985 | 1950 | 1944 |
| Home Details | 3 Beds, 2 Baths | 5 Beds, 4 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $75000-$100000 | $200000-$250000 | $150000-$175000 |
| Deductible | $500 Deductible | $5000 to $10,000 Deductible | $500 Deductible |