Michigan’s Most Affordable Homeowners Insurance Policy

The average cost of homeowners’ insurance can vary significantly depending on your choice of coverage. Here’s an overview of the average cost in Michigan based on common coverage types.

• Dwelling Coverage: On average, a policy covering the dwelling alone costs around $1,422 per year for $300,000 coverage. This coverage primarily protects the structure of your home.
• Dwelling, Personal, and Liability Coverage: A combined homeowners insurance policy including dwelling, personal property, and liability coverage averages around $1,853 to $2,095 per year, based on a policy with $250,000 dwelling coverage, $125,000 personal property coverage, and $200,000 liability coverage. This type of policy provides broader protection for your home, belongings, and financial liability.

Note: Your homeowners’ insurance cost can vary depending on your home value, location, and other risk factors.

To apply for homeowners’ insurance, you’ll need to provide key details about yourself, your home, your financial and insurance history, and any security or safety features in place. Here’s a brief overview of the information typically required.

Personal Information:

• Full name, date of birth, contact info 
• Social Security number 
• Marital status and household occupants 
• Occupation and income 
• Drivers in the household

Home Details:

• Address and type of home (single-family, condo, etc.) 
• Year built, construction type 
• Square footage and number of rooms 
• Property lot size and features (garage, pool, etc.) 
• Age of roof and major systems (HVAC, plumbing, electrical)

Financial & Insurance History:

• Previous insurance coverage and claims
• Outstanding mortgages or liens
• Credit score
• Bankruptcy or foreclosure history
• Prior insurance cancellations or denials

Home Safety Features (optional): 

• Smoke detectors and fire alarms 
• Security systems and deadbolt locks 
• Sprinkler systems and fire extinguishers 
• Fencing or gated entry