Novi Insurance Rates:

Novi, MI homeowners insurance is approximately $692 to $947, about $57-$78/month. Our detailed analysis indicates shoppers can save as much as $328 by getting different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

Allstate
I don't like that the rates and deductibles are higher than other local insurance companies that are of equal value in plan coverage.
State Farm
I like that i can bundle my insurance products into one policy which gives me a discount. when i renew the additional discounts are added for me and i don't have to travel to the agent's office.
Peninsula Insurance
I do not like the fact that peninsula took over my account from citizens without my knowledge and then raised my premium by 20 percent.
Foremost
I've only had communication with them two times. The first time to set up my policy, which was okay. The second was to file a claim, which was good. Other than that, I have had no communication with them except to online pay them every month.
Grange Insurance
Slow Loading Time, take too long time Slow loading time irritates the user, harms the conversions and brand image, especially in the case of mobile users who are dependent on slower cellular data for surfing the net
Ameriprise
I like that the website for my homeowner's insurance is connected to my auto insurance page (Progressive) but I do not like that documents and other information are not easily accessible and must be requested instead of ready to view.
Foremost Insurance
There really is nothing that we dislike about the insurance company (Foremost) that we have chosen to insure our home. All of our experiences have been positive.
Auto Owners
It's very user-friendly. I can read about our coverage and make payments, find contact information, etc.

Novi, MI Homeowners Insurance By Home Value

Novi, MI Home Value Total Homes % of Total Average Novi, MI Homeowners Insurance
Less than $50,000 1,056 8.0% $82
$50,000 to $59,999 240 1.0% $172
$60,000 to $69,999 444 3.0% $213
$70,000 to $79,999 148 1.0% $246
$80,000 to $89,999 252 2.0% $287
$90,000 to $99,999 141 1.0% $319
$100,000 to $124,999 865 6.0% $369
$125,000 to $149,999 807 6.0% $459
$150,000 to $174,999 1,040 8.0% $541
$175,000 to $199,999 1,021 8.0% $631
$200,000 to $249,999 1,877 15.0% $754
$250,000 to $299,999 2,066 16.0% $926
$300,000 to $399,999 2,511 20.0% $1180

Top Home Insurance Agents Near Novi, MI

Home Insurance Company Near Novi, MI Homeowners Insurance Agency Near Novi, MI Address
NA Mike Hammer Inc Dba Lankford Agency Llc 1135 Round Lake Road, Suite 2 , White Lake, MI, 48386
NA Binder Underwriters, Inc. 4144 Oakman Blvd, Detroit, MI, 48204
State Farm Chris Fitzsimmons 47686 Van Dyke Ave, Shelby Twp, MI, 48317-3302
State Farm Don Beardsley 26455 W Eight Mile Road, Redford, MI, 48240-1140
Nationwide Tim Crawford Insurance Agency Inc 1415 Walton Blvd., Rochester Hills, MI, 48309

Cost Of Homeowners Insurance By Street Near Novi, MI

Streets in Novi Area Homeowners Insurance Cost
Eagle Dr, Westchester Ct, Wheaton Ln, Plaisance Blvd, Worthington Ct, Barola Dr, Cliffside Ct, Brenda Ln, Ashbury Dr, Sunbury Ct$821
Roundview Dr, O'Connor Ln, Belmont Dr, Veranda Dr, Harrington Way, Foxton Dr, Faulkner Dr, Glenda St, Leeds, Vero Ct$832
Nilan Dr, Dunnabeck Ct, Concord Dr, Paddington Ct, Hewes Ln, Warwick Ct, Mystic Forest, Tower Ct, Petros Blvd, Jaslyn Ln$927
Chedworth Ct, Village Lake St, Glamorgan Dr, Andes Hills Ct, Westridge Ln, Deer Run, Delaware Ave, Crescent Blvd, Denby Ct, Foxmoor Dr$846
Falls Blvd, Clermont Ave, Highlands Dr, Warrington Dr, Blakestone St, Hallfield St, Hillsdale Dr, Sarnia Dr, Holyoke Ct, Connemara Dr$848

Novi, MI Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Novi$122 to $125
Wixom$117
Walled Lake$111
Northville$130

Novi, 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
Wixom city, Michigan $118 $157 $236
Walled Lake city, Michigan $111 $148 $222
Northville township, Wayne County, Michigan $131 $174 $261

Novi, 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
Novi, MI3.2%10.5%
Wixom3.78%10.96%
Walled Lake4.58%12.33%
Northville2.85%9.55%

Novi Renters Insurance as a Percentage of Rent

Novi Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$500 to $749 1,207 15.0% $1873
$750 to $999 2,683 35.0% $2623
$1,000 to $1,499 1,653 21.0% $3748
$1,500 or more 2,034 26.0% $5398

Novi, MI Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$900$1,900
Yearly Novi Homeowner Insurance Premium Example $1,600$1,100
Out of Pocket Expense During Claim$900$1,900
Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim $5,700$5,200
Net Savings to Novi Home Owner from High Deductible Plan $500

Novi, MI Home Insurance Costs With Home Replacement Value Scenarios

Scenario Novi, MI Home Replacement Value MORE than Home Value Novi, MI Home Replacement Value LESS than Home Value
Replacement Value $473,000 $343,000
Insurance Premium based on Replacement Value $2,175 $1,575
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $75,500 Risk Exposure from Under Insuring Coverage is $54,500
Premium Impact Insurance cheaper by $250/year Insurance costlier by $350/year

Example Novi Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Farmers InsuranceState FarmAllstate
Monthly Premium 695591
Year Built 200919812010
Home Details 3 Beds, 2 Baths2 Beds, 1 Baths5 Beds, 3 Baths
Coverage Amount $200000-$250000$150000-$175000$300000-$350000
Deductible $500- $1000 Deductible$500 Deductible$5000 to $10,000 Deductible

Sample Home Insurance Rates for Novi, MI from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1991 220,000 Composition Roof 1,700 2 $5000 to $10,000 Deductible 240 5 Fiber-Cement Siding No
1987 215,000 Tile Roof 1,400 2 > $10,000 Deductible 130 3 Vinyl siding No
2013 180,000 Composition Roof 1,720 5 $500 Deductible 800 10 Fiber-Cement Siding No
1991 235,000 Shingles Roof 1,550 2 $1000-$2500 Deductible 560 7 Wood siding No
2010 325,000 Membrane Roof 2,540 5 $500- $1000 Deductible 880 7 Brick siding No
1992 655,000 Slate Shingles Roof 4,770 5 $500 Deductible 2600 10 Brick siding yes
1980 275,000 Metal Roof 2,060 3 $2500-$5000 Deductible 420 4 Stucco siding No
1991 175,000 Asphalt Shingles Roof 1,240 3 $5000 to $10,000 Deductible 360 8 Stucco siding No
1992 415,000 Wood Shake Roof 2,880 4 $2500-$5000 Deductible 350 3 Stucco siding No
2008 200,000 Slate Shingles Roof 1,450 2 $2500-$5000 Deductible 560 8 Wood siding yes
1997 205,000 Wood Shake Roof 1,690 2 $500- $1000 Deductible 690 8 Fiber-Cement Siding No
2010 435,000 Membrane Roof 2,790 5 $5000 to $10,000 Deductible 590 6 Vinyl siding No
2014 215,000 Wood Shake Roof 1,990 5 $5000 to $10,000 Deductible 560 8 Stone Siding yes
2007 340,000 Tile Roof 2,300 3 $500 Deductible 1680 10 Vinyl siding yes
1986 180,000 Slate Shingles Roof 1,510 2 $5000 to $10,000 Deductible 280 6 Stone Siding No
2008 390,000 Membrane Roof 2,850 5 > $10,000 Deductible 600 7 Vinyl siding No
2013 140,000 Slate Shingles Roof 970 2 $500- $1000 Deductible 680 12 Stone Siding No
1995 285,000 Wood Shake Roof 1,980 3 > $10,000 Deductible 420 7 Stone Siding yes
1990 170,000 Tile Roof 1,350 3 $5000 to $10,000 Deductible 650 12 Vinyl siding No
1990 230,000 Slate Shingles Roof 1,930 3 $1000-$2500 Deductible 910 10 Fiber-Cement Siding No
1995 480,000 Wood Shake Roof 3,340 4 > $10,000 Deductible 210 2 Fiber-Cement Siding No
1984 230,000 Slate Shingles Roof 2,000 5 $2500-$5000 Deductible 390 6 Fiber-Cement Siding yes
1983 160,000 Tile Roof 1,250 2 $1000-$2500 Deductible 140 3 Wood siding No
1985 145,000 Tile Roof 940 2 $500 Deductible 70 1 Wood siding No
1987 225,000 Membrane Roof 1,760 2 $2500-$5000 Deductible 480 6 Stone Siding No
2014 175,000 Metal Roof 1,190 2 $2500-$5000 Deductible 500 7 Fiber-Cement Siding No