Michigan home insurance

Every figure below is sourced and dated. Estimates only — not quotes, and not offers of coverage.

Home insurance premium estimator

What homeowners insurance costs in your state, and whether what you pay is out of line.

Is your dwelling coverage actually enough to rebuild — and what a shortfall costs at claim time.

What a higher deductible really saves, how long it takes to pay off, and what a storm deductible actually costs.

Did your renewal go up more than premiums did across your state — and what to do about it.

All six limits on your policy against what the standard form and regulators say to expect — including the liability limit nobody looks at.

Average premium: $2,766/ yr; At $300,000 of dwelling coverage.
Standard deductible: $1,000; Applies to everyday claims.
Storm deductible: No separate wind, hail, or hurricane deductible is standard in Michigan — the deductible above applies to storm damage too.
Insurer of last resort: Michigan Basic Property Insurance Association; Michigan's FAIR plan and insurer of last resort. Organized under Act 262 of the Michigan Public Acts of 1968 - carried in chapter 29 of the Michigan Insurance Code - and writing business since October 21, 1968, MBPIA exists to provide property insurance to qualified applicants who cannot obtain it in the regular market. It writes homeowners, renters, condominium, dwelling fire and commercial property coverage, with homeowners the most common personal line it issues, on policy forms equivalent to the HO-2 and HO-3 forms used by admitted carriers - which makes it less restrictive than several other states' FAIR plans. Eligibility requires having been denied coverage by multiple private insurers. As with any residual market plan, coverage is typically more expensive and more limited than a standard voluntary-market homeowners policy, so it is a fallback rather than a shopping option.