How to find affordable homeowners insurance in Detroit
Home insurance is an important part of owning a home. Along with personal property, homeowners insurance covers your dwelling in the event of many perils, including theft, fire, wind damage, and vandalism. Incidents like this occur regularly. When paired with the high cost of repairing or rebuilding a home, investing in homeowners coverage can seem like a great idea.  The average homeowners policy costs $162 per month in Detroit, Michigan. This is higher than the national average price of home insurance.
The cost of home insurance is dependent on a number of factors. These include your dwelling's value, the value of your personal belongings, and the cost of the materials used to build your home. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Discover more info about what is covered by a homeowners insurance policy.
If you want to find cheap home insurance in Detroit, get started by looking around and comparing policies. Have a look at the summary below comparing average Detroit home insurance costs to ensure you start your search with as much background info as possible. It's important to remember that the cost of your insurance policy is based on the coverage limits you choose as well as a variety of other factors.
Table of contents:
- Rates by insurer
- Rates by coverage amount
- Rates by ZIP code
- Rates by deductible amount
- Policy bundling savings
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Detroit home insurance by company
What you pay for homeowners insurance in Detroit will depend on the insurance company you get your policy through. The most affordable home insurance in Detroit is AAA offering average annual rates of just $1,112 per year. This is considerably cheaper than the city’s average home insurance premium of $1,942.
Below you'll find a list of the cheapest homeowners insurance companies in Detroit, Michigan, to help you begin your search. Then, see our guide listing the best home insurance companies based on customer satisfaction and other factors.
AFFORDABLE HOME INSURERS IN DETROIT
| Company | Average Annual Rate |
| AAA | $1,112 |
| USAA | $1,735 |
| Allstate | $1,847 |
| State Farm | $2,076 |
| Liberty Mutual | $2,191 |
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Detroit homeowners insurance prices by coverage level
The amount of homeowners coverage you select has an impact on your insurance rates. In Detroit, carrying $200K dwelling coverage costs an average of $1,466 annually, while carrying additional coverage up to $400K costs $2,850 per year.
POPULAR COVERAGE LIMITS IN DETROIT
| Coverage Level | Average Annual Rate |
| $100,000 Dwelling | $1,035 |
| $200,000 Dwelling | $1,466 |
| $250,000 Dwelling | $1,899 |
| $400,000 Dwelling | $2,850 |
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Detroit home insurance rates by ZIP code
Not every area of Detroit has equal home insurance premiums. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, your neighborhood's location can dramatically impact your home insurance premium.
To find the cheapest home insurance premiums in the Detroit area, look no further than 48242. In the 48242 ZIP, homeowners coverage usually costs just $1,499 per year — a full $443 less than the Detroit average. If you’re looking for the areas with the most affordable homeowners premiums around Detroit, review the table below.
AFFORDABLE HOME INSURANCE IN THE DETROIT AREA
| ZIP Code | Average Annual Home Insurance Rate |
| 48242 | $1,499 |
| 48236 | $1,512 |
| 48239 | $1,532 |
Other areas of Detroit, however, face homeowners rates that surpass the citywide average. These areas might face a higher risk of perils such as severe weather and fires. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. An average annual rate of $2,123 makes 48213 the most expensive ZIP code in Detroit for homeowners insurance.
EXPENSIVE HOME INSURANCE AREAS IN DETROIT
| ZIP Code | Average Annual Home Insurance Rate |
| 48213 | $2,123 |
| 48211 | $2,121 |
| 48205 | $2,060 |
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Detroit homeowners insurance deductibles
One of the many decisions to be made when shopping for homeowners policies is your deductible. A deductible is the amount for which a homeowner is responsible before an insurance company steps in to cover costs. Choosing where to set your deductible plays a significant role in how much you pay for your coverage.
When choosing a deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. This means that those looking for lower rates will want to seriously consider a higher deductible. Remember that your deductible should not be set at an amount that you would have difficulty paying in the event of a loss.
The following table displays the average rates affiliated with standard home insurance deductibles.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN DETROIT
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $2,062 |
| $1,000 | $1,899 |
| $1,500 | $1,777 |
| $2,000 | $1,648 |
| $5,000 | $1,335 |
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Home and auto insurance bundling in Detroit
One way to save on insurance costs is to think about bundling your homeowners and auto insurance policies through the same company. Bundling homeowners and auto insurance can be a good money-saving option. In fact, bundling policies in Detroit can result in average annual savings of 17%.
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN DETROIT
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| AAA | $4,074 |
| Progressive | $4,314 |
| State Farm | $5,400 |
| Allstate | $7,152 |
| American Family | $1,090 |
Compare quotes on Detroit, MI home insurance today!
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.