Find the Best Homeowners Insurance in Detroit, MI

How to choose homeowners insurance in Detroit

Homeowners insurance protects from asset loss in case of fire, natural disasters and burglary. Your coverage should be high enough to replace your home and its contents. A policy also protects you from lawsuits if someone is injured on your property.

There's nowhere in Michigan with higher homeowners insurance rates than Detroit. Yet, rates are reasonable because the Detroit area is highly unlikely to suffer from natural disasters that raise rates in states prone to tornadoes, wildfires and hurricanes.

A typical policy in Detroit with midline coverage on a home that's 1,300 square feet will cost around $118 per month, or $1,226 per year.

Average home insurance rates in Detroit

The cost of your policy depends on the value of your home and your neighborhood. The value of houses in Detroit varies from $5,000 to more than $1 million, but the majority of homes range between $25,000 and $50,000. Therefore, home insurance prices in Detroit are usually lower than the prices listed above because home and coverage values are well below $200,000.

Other factors that affect the rate of homeowners insurance include year of construction, home security features, neighborhood crime statistics, previous claims filed, credit history and the deductible and coverage amount in the policy.

Discounts on home insurance in Detroit

While some of these factors are beyond your control, you can reduce the cost of your policy by taking the following actions:

• Adding home security features
• Increasing the amount of your deductible
• Replacing your roof
• Quitting smoking
• Bundling with car insurance
• Removing liabilities, such as trampolines and swimming pools

Policies usually cover the main dwelling, other structures on the property and your personal belongings when damages occur from specific perils, such as:

• Fire and smoke
• Lighting strikes
• Windstorms and hail
• Explosion
• Vandalism and malicious mischief
• Damage from an aircraft or vehicle
• Theft
• Falling objects
• The weight of ice, snow or sleet
• Water damage

Homeowners insurance doesn't cover flood damages, and unfortunately for those living in southeast Michigan, flooding and sewer backups are two common problems. If you want coverage for damages related to water, you'll need flood insurance and/or water backup and sump pump overflow insurance. FEMA is a great resource for more information on flood insurance.

For more information on buying home insurance in Detroit, check out the state's Guide to Homeowners Insurance.