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Finest Householders Insurance coverage in Michigan of 2022 – Bankrate.com

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If you are looking for the best Michigan homeowners insurance, there are a number of factors you might want to consider. Bankrate’s insurance editorial team partnered with Quadrant Information Services to obtain up-to-date premium information for the largest companies in the state by market share. After analyzing the premiums, we reviewed each company’s coverage offerings, discounts, policy features, J.D. Power customer satisfaction scores and AM Best financial strength ratings.

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on 40-year-old homeowners with a clean claim history and the following coverage limits:
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.
To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moody’s had the most impact on the companies’ Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider.
While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

As we searched for the best home insurance in Michigan, we looked at average rates, coverage types, discounts, and third-party scores from J.D. Power and AM Best. We compiled all these aspects into a proprietary Bankrate Score on a scale of 0.0 to 5.0. The higher a company’s score, the more highly that company ranked in the scoring categories. Understanding and comparing these aspects of each homeowners insurance company could help you identify if that company is a good fit for your needs. These considerations can also demonstrate where each company excels and where it might lag behind competitors.
If you are getting quotes for Michigan home insurance, you might want to add these companies to your list:
*Rates are for annual policies with $250,000 in dwelling coverage
**Not officially ranked by J.D. Power due to eligibility restrictions
USAA received the highest score for customer satisfaction from J.D. Power, but the company is not eligible for official ranking because it only serves active-duty military members, veterans and their eligible family members. If you qualify, though, you may find that USAA offers below-average rates and exceptional customer service. The company does not offer many discounts, but it does offer numerous optional endorsements that may benefit military members, including earthquake coverage and home sharing coverage. Under a USAA homeowners insurance policy, military uniforms are also covered in certain scenarios.
Learn more: USAA Insurance review
State Farm has exclusive agents in communities throughout Michigan, so if you like to handle insurance in person, State Farm could be a good fit. You might also consider State Farm for homeowners insurance if you have a new or upgraded roof. The company offers discounts for roof age, material and impact resistance. State Farm scored below average in the 2021 J.D. Power U.S. Property Claims Satisfaction Study, which may indicate below-average claims satisfaction. However, the insurer carries an A++ (Superior) financial strength rating from AM Best.
Learn more: State Farm Insurance review
With Allstate, you may be able to add options like water backup coverage, electronic data recovery, business property coverage and coverage for musical instruments to your homeowners insurance policy. Allstate also offers a HostAdvantage package, which provides coverage if you rent your home as a short-term rental. The company offers several discounts that might help you lower the cost of your policy. Allstate has a higher-than-average complaint index from the National Association of Insurance Commissioners (NAIC), though. A score of 1.00 represents a baseline number of complaints; Allstate’s home insurance index is 1.34.
Learn more: Allstate Insurance review
When you get a home insurance quote from Farmers Insurance Group, you start by selecting one of its three coverage packages: Standard, Enhanced or Premier. From there, you can personalize your policy with endorsements like declining deductible, claim forgiveness and cosmetic damage coverage. Although the company did receive a below-industry-average rating from J.D. Power for overall home insurance customer satisfaction, it was ranked above average in the 2021 J.D. Power U.S. Property Claims Satisfaction Study, so policyholders appear to be generally satisfied with Farmers’ claims service.
Learn more: Farmers Insurance review
The Hanover is unrated by J.D. Power as its home insurance market is limited to 18 states, but has an A (Excellent) AM Best financial strength rating. This means Michigan policyholders may have better peace of mind knowing the insurance company has a history of financial stability and a strong track record of paying covered claims. While The Hanover’s average premium is higher than the state’s average, there are several valuable options for coverage, including a “prestige” option for high-value homes. You could also add service line coverage and guaranteed replacement cost for a more robust policy.
Learn more: The Hanover Insurance review

A homeowners insurance policy with $250,000 in dwelling coverage costs an average of $1,292 per year in Michigan, which is nearly 7% less than the national average annual cost of home insurance of $1,383. These home insurance rates may be surprising since Michigan auto insurance rates are much higher, on average, than in most states.
Although no state is completely safe from natural disasters, Michigan does not experience as many extreme catastrophic weather events as some other states, which likely contributes to lower homeowners insurance costs. Summer storms are relatively common across the state, but tornadoes are not nearly as widespread as they are in the Midwest’s “Tornado Alley.” However, Michigan did experience 17 tornadoes in 2021, according to the Insurance Information Institute (Triple-I). On the other hand, Michigan’s northern positioning and the surrounding Great Lakes can make winter weather particularly harsh, with numerous snow and ice events.



If you own a home in Michigan, you may first want to understand the common causes of home damage in the state. This information can help you choose the coverage types you may need to protect your finances from those threats.
While extreme weather events that lead to natural disasters may be uncommon in Michigan, homeowners should be prepared for a wide array of weather events that can still lead to home damage on a smaller scale. With hot summers and cold winters, weather in this state can change drastically throughout the year. Even so, the weather is not the only cause of home damage. In Michigan, some common causes of property damage are:
Understanding the common causes of damage in your area can help you decide what coverage to add to your insurance.
When you buy a homeowners policy in Michigan, the policy usually includes standard coverage types, like dwelling coverage, personal property coverage and liability coverage. But a standard policy may not cover you for all of the threats to your home. You may also want to consider these additional coverage options:
Because Michigan has such unique factors for homeowners, with hot summers, long winters and lots of water, working with a professional insurance agent to help you decide what coverage options are appropriate for your situation might be beneficial.


How much you pay for homeowners insurance depends on many individual factors, including the company you choose, the coverage types and levels you purchase, the discounts you qualify for, your claims history, the age of your home and the condition of your roof, among others. Getting quotes from several of the cheapest homeowners insurance companies might help you find a company that offers the coverage you need for a low price. Just keep in mind that getting cheap coverage doesn’t necessarily mean you are getting the coverage you need to be financially protected from claims. Reviewing your coverage needs with an insurance agent can be a helpful step when buying home insurance coverage.

To get a homeowners policy, you should obtain several quotes to compare prices. You can do this online with most major insurers or quote comparison sites, by phone or in a local exclusive or independent agency, depending on the homeowners insurance company you are contacting. You will need to provide information about your home, like the year it was built, square footage, roof age and details about any custom features or finishes. Once you agree to finalize a policy, you may have to sign an application and make at least one month’s premium payment unless your insurance is paid from an escrow account managed by your mortgage lender.

The level of home insurance coverage you buy is unique to your home and financial circumstances. Though it may cost more, buying dwelling coverage for the full replacement value of the home can provide financial peace of mind that you will have enough to rebuild it entirely with current construction costs in mind in the event of a catastrophic loss. You should also consider your liability exposure. If you have a swing set, pool, dog or host guests often, you may want to consider purchasing a higher amount of liability coverage for increased financial protection. A personal umbrella policy, which provides a second layer of liability protection, might also be a policy worth considering. Working with an agent could help you choose the coverage options that are best for your situation.

Coverage depends on what kind of policy you have. There are several different homeowners insurance policy forms and each has different scenarios that are covered by insurance. Typically, hazards like fire, wind, hail, explosions, smoke, theft and vandalism are covered, but each policy form can be slightly different in what it covers and excludes. Standard policies also typically include loss of use, which provides coverage for temporary housing if your home is uninhabitable due to a covered loss. You can also add endorsements to your policy that could increase your coverage, such as water backup and ID theft protection.
Homeowners insurance is designed to cover damage that is both sudden and accidental, but the best way to know what your policy covers is to talk to your local insurance agent.
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Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
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