Warren ,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 Warren, 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 Warren, MI is $1559. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Warren, MI. VHome Insurance will help you navigate the world of homeowners insurance coverages in Warren, MI.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $624 |
| $200,000 | $1,060 |
| $300,000 | $1,310 |
| $400,000 | $1,996 |
| $500,000 | $2,510 |
Home insurance costs in Warren 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 |
|---|---|
| 048091 | $1,445 |
| 48089 | $1,426 |
| 48092 | $1,499 |
| 48093 | $1,485 |
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 Warren, MI, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,598 |
| $1000 Deductible | $1,430 |
| $1500 Deductible | $1,349 |
| $2500 Deductible | $1,216 |
| $5000 Deductible | $1,029 |
| Home Insurance Company Near Warren, MI | Homeowners Insurance Agency Near Warren, MI | Address |
|---|---|---|
| NA | K. R. Howard Insurance Agency, Inc. | 3229 Mcclure, Troy, MI, 48084 |
| State Farm | Brad Baynai | 16121 Eureka Rd, Southgate, MI, 48195-2943 |
| State Farm | Carla A Gerhardt | 5900 E Dunbar, Monroe, MI, 48161-3755 |
| Travelers | Ch2m Hill Employees | 4 PARKLANE BLVD SUITE 414, DEARBORN, MI, 48126 |
| Allstate | Jennifer Biewer | 67411 S Main St, Richmond, MI, 48062 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Center Line city, Michigan | $107 | $143 | $215 |
| Madison Heights city, Michigan | $109 | $145 | $218 |
| Hazel Park city, Michigan | $106 | $141 | $212 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Warren, MI | 4.9% | 13.6% |
| Center Line | 4.96% | 12.36% |
| Madison Heights | 4.98% | 12.98% |
| Hazel Park | 5.51% | 14.05% |
| Warren Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 163 | 1.0% | $357 |
| $200 to $299 | 197 | 1.0% | $807 |
| $300 to $499 | 709 | 5.0% | $1257 |
| $500 to $749 | 4,371 | 33.0% | $1932 |
| $750 to $999 | 4,116 | 31.0% | $2682 |
| $1,000 to $1,499 | 2,792 | 21.0% | $3807 |
| $1,500 or more | 528 | 4.0% | $5457 |
| Streets in Warren Area | Homeowners Insurance Cost |
|---|---|
| Buster Dr, Sherman Ave, la Grande Plz, Tecla Dr, Girard Dr, Coventry Pl, Hawaii St, Forterra Dr, Charles Dr, Dodge Ave | $738 |
| Ehlert Ave, Dennis Ln, Lawson Ave, Paige Ave, Cunningham Dr, Rubin Rd, Waltz Ave, Trailwood Dr, Shelley Dr, Aspen Dr | $710 |
| Sylvan Dr, Menge Ave, Villa Pointe Dr, Mac St, Sankuer Dr, Blancke Dr, Raphael Ter, la Chene Ave, Matilda Ct, Riggs Ave | $712 |
| Walter Ave, Tefft Dr, Cloie Dr, Hartford Dr, Edna Dr, Derray, Easy St, Alger Ave, Kelly Dr, New Horizon Blvd | $752 |
| Jan Dr, Hettenberger Ave, Hillcrest Ave, Sutherland, Cadillac Ave, Green Ct, Timken Ave, Prairie Ln, Michael Ave, Underwood Dr | $709 |
| Brander Dr, Walter Ave, Lee St, Memphis Ave, Tecla Dr, Villa Ln, Hollingsworth Ave, Sunset Ave, Julius Ave, Matilda Ave | $745 |
| Albert J Dr, N Civic Center Dr, Cloverly Ct, Universal Dr N, Jade Ct, Constitution Blvd, Cosgrove Dr, Wasmund Ave, Zerita St, Garbor Dr | $745 |
| Desmond Dr, Norbert Ave, Joliet Ave, Arden Ave, Birch, Castle Ave, Bates Ct, Hanford Ct, Herbert Ave, Tecla Dr | $723 |
| Irene Ave, Wick Ave, 7th St, Concept Dr, Winfield Ave, Marian Ave, Dohran Dr, Orr Ave, Masch Ave, Sidonie Ave | $740 |
| Ohmer Dr, Rivard Ave, Sunburst Ave, Sylvan Ave, Concord Ave, Ready Ave, Caradonna St, Keller Dr, Dearden Dr, Jackson Ave | $726 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Warren | $109 to $111 |
| Center Line | $107 |
| Madison Heights | $109 |
| Hazel Park | $106 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $900 | $2,900 |
| Yearly Warren Homeowner Insurance Premium Example | $1,800 | $1,400 |
| Out of Pocket Expense During Claim | $900 | $2,900 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $15,300 | $14,100 |
| Net Savings to Warren Home Owner from High Deductible Plan | $1,200 | |
| Scenario | Warren, MI Home Replacement Value MORE than Home Value | Warren, MI Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $75,500 | $46,000 |
| Insurance Premium based on Replacement Value | $325 | $200 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $15,000 | Risk Exposure from Under Insuring Coverage is $14,500 |
| Premium Impact | Insurance cheaper by $50/year | Insurance costlier by $75/year |
| Insurance Company | Chubb Group of Insurance | Liberty Mutual | State Farm |
| Monthly Premium | 33 | 30 | 48 |
| Year Built | 1961 | 1970 | 1987 |
| Home Details | 4 Beds, 2 Baths | 3 Beds, 1 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $100000-$125000 | $100000-$125000 | $100000-$125000 |
| Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible | $500 Deductible |