GITNUX MARKETDATA REPORT 2024
Statistics About The Average Cost Of Homeowners Insurance In Michigan
The average cost of homeowners insurance in Michigan is approximately $1,100 per year.
In this post, we will explore the average cost of homeowners insurance in Michigan based on various statistics and data. From the monthly average cost in the state to specific city breakdowns, we will dive into the numbers to give you a comprehensive view of homeowners insurance rates in different areas of Michigan.
Statistic 1
"The monthly average cost of homeowners insurance in Michigan is approximately $89."
Statistic 2
"Michigan homeowners pay 14.3% less than the national average for home insurance."
Statistic 3
"In Westland, Michigan, homeowners insurance rates are among the highest in the state with annual premiums that often reach $2,087."
Statistic 4
"In Mount Pleasant, Michigan, the average cost of homeowners insurance is relatively low, around $956 per year."
Statistic 5
"For homes valued under $200,000, the average cost of homeowners insurance in Michigan is $852 per year."
Statistic 6
"For homes valued over $400,000, the average homeowners insurance cost is $2,285 per year in Michigan."
Statistic 7
"In Detroit, the average home insurance premium costs are around $1,231 annually."
Statistic 8
"East Lansing has the lowest average homeowners insurance rates in Michigan, at around $820 per year."
Statistic 9
"Homeowners insurance rates in Flint, Michigan are on average $2,090 per year."
Statistic 10
"In Grand Rapids, the average homeowners insurance premium is approximately $1,146 annually."
Statistic 11
"Traverse City is reported to have the lowest home insurance in Michigan, averaging $765 per year."
Statistic 12
"The average home insurance premium in Ann Arbor is estimated around $936."
Statistic 13
"Frankenmuth insurance company has the cheapest homeowners insurance policy in Michigan at an average of $745 per year."
Statistic 14
"Warren, Michigan homeowners insurance costs are among the highest, averaging $1,258 per year."