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Best homeowners insurance companies in Michigan for 2026
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Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare the best homeowners insurance companies in Michigan
Finding the best homeowners insurance in Michigan starts with knowing which companies offer the strongest mix of coverage, service and value. Bankrate analyzed average rates from Quadrant Information Services, and found that Michigan homeowners pay $2,368 per year for a home insurance policy with $300K in dwelling coverage.
The top 5 home insurance companies in Michigan
Bankrate Score
Avg. annual premium
$300K dwelling coverage
Avg. monthly premium
$300K dwelling coverage
Why USAA made our list: USAA is only available to active-duty military, veterans and their eligible family members. However, if you qualify, you may find that USAA offers below-average rates, exceptional customer service and unique military-focused endorsements such as military uniform and equipment coverage. Additionally, if your personal property is damaged, destroyed or lost in a war, USAA may waive your deductible.
| Bankrate Score | 4.8 |
| J.D. Power | 737/1,000 |
| AM Best Rating | A++ |
USAA standout features
- Identity theft coverage
- Wildfire protection
- Electronics coverage
Bankrate Score
Avg. annual premium
$300K dwelling coverage
Not available
Avg. monthly premium
$300K dwelling coverage
Not available
Why Allstate made our list: Allstate offers one of the most extensive lists of optional endorsements of all the Michigan home insurance companies we analyzed. With Allstate, you may be able to add options like water backup coverage, electronic data recovery, business property coverage and coverage for musical instruments. Allstate also offers a HostAdvantage package, which provides coverage if you rent your home as a short-term rental.
| Bankrate Score | 4.2 |
| J.D. Power | 633/1,000 |
| AM Best Rating | A+ |
Allstate standout features
- Offers Green improvement reimbursement
- Claims free bonus
- Claim Rateguard option
Bankrate Score
Avg. annual premium
$300K dwelling coverage
Avg. monthly premium
$300K dwelling coverage
Why State Farm made our list: State Farm has exclusive agents in communities throughout Michigan and is the largest home insurance company in the U.S. by market share, so if you like to handle insurance in person, State Farm could be a good fit. State Farm also offers robust digital options for policyholders who prefer the convenience of hands-on policy management.
| Bankrate Score | 4.1 |
| J.D. Power | 657/1,000 |
| AM Best Rating | A++ |
State Farm standout features
- Inflation guard standard in home policies
- Farm and ranch coverage available
- Offers water backup protection and home systems protection
Bankrate Score
Avg. annual premium
$300K dwelling coverage
Avg. monthly premium
$300K dwelling coverage
Why The Hanover made our list: The Hanover was named one of Michigan's best home insurance companies for its thorough list of endorsements and coverage options for high-value homes. High-net-worth individuals may be especially interested in The Hanover’s Platinum coverage package. Depending on which Platinum tier you choose, this pre-built package could include up to 150 percent of extended dwelling replacement cost, identity theft protection, water backup coverage, lock replacement and more.
| Bankrate Score | 3.4 |
| J.D. Power | 633/1,000 |
| AM Best Rating | A |
The Hanover standout features
- Service line coverage
- Siding and roof restoration
- Guaranteed replacement cost
Bankrate Score
Avg. annual premium
$300K dwelling coverage
Avg. monthly premium
$300K dwelling coverage
Why Farmers made our list: Farmers Insurance Group offers three coverage packages: Standard, Enhanced and Premier. After selecting a package, you can personalize your policy with endorsements like declining deductible and claim forgiveness. This shopping approach makes it easy for shoppers to compare options quickly and tailor coverage without getting overwhelmed by add-ons.
| Bankrate Score | 3.6 |
| J.D. Power | 631/1,000 |
| AM Best Rating | A |
Farmers standout features
- Offers earthquake and flood endorsements
- Bundling allows for joint renewal dates
- Offers cosmetic damage coverage
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Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Common Michigan home insurance problems
Michigan homeowners insurance rates have risen over recent years along with general widespread inflation across the economy. Paired with increased cases of severe and inclement weather, it may be challenging for homeowners in the state to secure an affordable policy that provides them with adequate home coverage.
Cheapest home insurance companies in Michigan
With home insurance rates climbing across Michigan, many homeowners are searching for the most affordable options. The table below highlights some of the cheapest home insurance companies in the state to help you compare choices quickly.
How to get cheap Michigan home insurance
While mortgage companies require homeowners to carry home insurance, even Michiganders who own their home outright should strongly consider maintaining continuous coverage. A home is one of the most significant purchases you make in your lifetime, and a robust home insurance policy can provide vital financial protection for this investment. However, just because a policy is expensive, doesn’t mean it's the best. Here are some steps to help you choose a cheap home insurance policy in Michigan:
- Determine your coverage needs: Start by figuring out how much coverage you need. Skimping on coverage can help lower your rate, but leaves you vulnerable to a hefty out-of-pocket expense if you file a claim. On the other hand, purchasing limits higher than you need or adding unnecessary endorsements can cause you to pay too much for your policy. Home appraisals and inventories are good tools to make sure you're getting the right level of coverage.
- Establish your priorities: Think about what matters most to you in an insurer. Are you most concerned with customer service? If so, look for companies with higher J.D. Power customer satisfaction scores. Prefer to manage your policy online? Then tailor your search to companies that offer a highly-rated mobile app or self-service customer portal. Knowing what benefits and perks you’re looking for can help narrow down carriers.
- Request quotes: Once you’ve nailed down your coverage and priorities, get quotes from several insurers. Always compare identical coverage limits to ensure a true apples-to-apples comparison, and confirm that available discounts are factored in — they can make a big difference in price.
- Take advantage of savings opportunities: Each insurance company offers its own set of unique discounts, and depending on what you qualify for, you could save a significant amount of money. You may want to ask your agent to look over your quote to make sure you aren’t missing any discounts that apply to you.
How to choose the right, cheap home insurance for your budget
How to get homeowners insurance discounts
How to save on homeowners insurance premiums in 2025
How much is home insurance in Michigan?
Michigan homeowners pay an average of $2,368 per year for $300,000 in dwelling coverage. With the national cost of home insurance averaging $2,424 per year, Michiganders pay 2 percent less than the national average.
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|
|
|
|
|
|---|---|---|---|---|
|
$845
|
$1,073
|
$1,337
|
$1,932
|
|
|
$835
|
$1,271
|
$1,699
|
$2,424
|
|
|
$763
|
$1,113
|
$1,413
|
$1,950
|
|
|
$1,130
|
$1,839
|
$2,491
|
$3,899
|
|
|
$983
|
$1,914
|
$2,795
|
$5,099
|
Michigan homeowners insurance rates by city
Home insurance rates change from state to state and from city to city. Along with local weather variations, other risk factors that impact rates between cities are crime rates, distance to fire protection services and construction rate and labor costs. In the table below, you can compare your rates to those of homeowners in other cities in Michigan.
Sorry, we don't have enough data yet on this city yet!
But these other cities in the state may give you some insight.
| City | Avg. annual full coverage premium | Avg. monthly full coverage premium | Avg. savings vs. state average |
|---|---|---|---|
| Utica | $2,089 | $174 | -13% |
| Waterford | $2,442 | $203 | +3% |
| Oxford | $2,039 | $170 | -15% |
| Novi | $2,096 | $175 | -12% |
| Wixom | $2,174 | $181 | -9% |
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze November 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage limits:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
If otherwise specified, the base profile has been modified with the following homeowner characteristics:
Bankrate Scores
Our Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
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