Sterling Heights ,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 Sterling Heights, 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 Sterling Heights, MI is $1620. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Sterling Heights, MI. VHome Insurance will help you navigate the world of homeowners insurance coverages in Sterling Heights, MI.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $648 |
| $200,000 | $1,102 |
| $300,000 | $1,361 |
| $400,000 | $2,074 |
| $500,000 | $2,608 |
Home insurance costs in Sterling Heights 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 |
|---|---|
| 048314 | $1,581 |
| 48313 | $1,529 |
| 48310 | $1,543 |
| 48312 | $1,530 |
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 Sterling Heights, MI, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,661 |
| $1000 Deductible | $1,486 |
| $1500 Deductible | $1,401 |
| $2500 Deductible | $1,264 |
| $5000 Deductible | $1,069 |
| Home Insurance Company Near Sterling Heights, MI | Homeowners Insurance Agency Near Sterling Heights, MI | Address |
|---|---|---|
| State Farm | Georgia Burger | 724 W 11 Mile Rd, Royal Oak, MI, 48067-2411 |
| Allstate | Jill Gale Underwood | 8130 N Canton Center Rd, Canton, MI, 48187 |
| Allstate | Ray Moulden | 26013 Coolidge Hwy, Oak Park, MI, 48237 |
| NA | Brad Hoffman Agency Incorporated | 102 S Leroy, Fenton, MI, 48430 |
| NA | Wells Fargo Insurance Services Usa | 4000 Town Center 4000 Town Center, Southfield, MI, 48075 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Utica city, Michigan | $94 | $125 | $187 |
| Fraser city, Michigan | $93 | $124 | $186 |
| Clinton charter township, Macomb County, Michigan | $94 | $125 | $188 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Sterling Heights, MI | 4.2% | 12.5% |
| Utica | 4.54% | 12.38% |
| Fraser | 4.48% | 12.65% |
| Clinton charter | 4.41% | 11.48% |
| Sterling Heights Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 363 | 3.0% | $785 |
| $300 to $499 | 438 | 3.0% | $1235 |
| $500 to $749 | 3,005 | 27.0% | $1910 |
| $750 to $999 | 3,319 | 29.0% | $2660 |
| $1,000 to $1,499 | 2,647 | 23.0% | $3785 |
| $1,500 or more | 1,215 | 10.0% | $5435 |
| Streets in Sterling Heights Area | Homeowners Insurance Cost |
|---|---|
| Gemini Dr, Pollard Dr, Urbana Dr, Helena Ave, Charity Dr, Clearview Cir, Gannett Dr, Brockham Way, la Grange Dr, Hartwell Dr | $777 |
| Mystic Forest Dr, Remie Dr, Curwood Dr, Kebbe Dr, Coachwood Dr, Amberwood Dr, Mary Grove Dr, Chesley Dr, Ridgecroft Dr, Groth Dr | $757 |
| Vega Dr, Kent Dr, Martha St, Radner Dr, Peachtree Dr, Mandale Dr, Meadowlake Dr, Darlene Dr, Trellis Dr, Wilmette Dr | $779 |
| Balfour Dr, Manning Ct, Dogwood Dr, Heidi Dr, Duke Dr, Burningbush Dr, N Central Dr, Cherry Creek Ln, Southpointe Dr, Minster Ct | $808 |
| Carmel Dr, Triangle Dr, Marne Ave, Roxbury Dr, Salvatore Dr, Whispering Ln, Carriage Dr, Blackstone Dr, Monticello Dr, Reese Dr | $757 |
| Almont Dr W, Fairmont Ct, Noll St, Harvard Dr, Chris Dr, Bangor Dr, Sebring Dr, Juanita Dr, Westminister Dr, Fallen Tree Dr | $779 |
| Angeline Dr, Winona Dr, Engleside Dr, Constitution, Hazelwood Dr, Shaver Ct, Zofia, Essen Dr, Parkwood Ave, Eva Ct | $775 |
| Ketsin St, Lords Dr, Winterfield Dr, Camden Dr, Sterritt St, Commerce Dr, Daily Dr, Geraldine Ct, Timmy Dr, Sesame Dr | $787 |
| Whitehall Dr, Little John Dr, Brightside Ct, Oxford Ct, Early St, Malibu Dr, Garden Way Dr, Dylan, Davison St, Xavier Dr | $772 |
| Grindley Dr, Le Mans Ave, Orion Dr, Creek Dr, Silver Dr, Cullen, Kirkton Dr, Burlington Dr, Kerner Dr, Viola Dr | $820 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Sterling Heights | $114 to $116 |
| Utica | $112 |
| Fraser | $111 |
| Troy | $121 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $2,000 |
| Yearly Sterling Heights Homeowner Insurance Premium Example | $700 | $500 |
| Out of Pocket Expense During Claim | $1,000 | $2,000 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $6,600 | $6,000 |
| Net Savings to Sterling Heights Home Owner from High Deductible Plan | $600 | |
| Scenario | Sterling Heights, MI Home Replacement Value MORE than Home Value | Sterling Heights, MI Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $254,000 | $167,500 |
| Insurance Premium based on Replacement Value | $1,250 | $825 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $39,000 | Risk Exposure from Under Insuring Coverage is $47,500 |
| Premium Impact | Insurance cheaper by $250/year | Insurance costlier by $175/year |
| Insurance Company | Amica Mutual Insurance Company | Nationwide Insurance | State Farm |
| Monthly Premium | 86 | 46 | 61 |
| Year Built | 1981 | 2009 | 1971 |
| Home Details | 5 Beds, 2 Baths | 2 Beds, 1 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $250000-$300000 | $125000-$150000 | $150000-$175000 |
| Deductible | $5000 to $10,000 Deductible | $1000-$2500 Deductible | $500- $1000 Deductible |