How can I find affordable Michigan home insurance?


Michigan is one of the states where home insurance premiums are around the national average. According to statistics provided by the National Association of Insurance Commissioners, the average annual Michigan home insurance premium is $715. Recent years have seen a gradual increase in the cost of Michigan home insurance which is why you need to shop around to get a comprehensive and inexpensive policy.

Tips for Saving Money on Michigan Home Insurance

Michigan home insurance rates vary significantly from company to company depending on the home insurance providers' particular experience in certain areas of the state. Here is what you can do to ensure you get the best coverage for the best price:

  • Shopping around doesn't necessarily have to be a daunting task. With the abundance of websites offering online insurance quote tools, you can comparison-shop for home insurance easily and absolutely for free. All you need to do is fill out an application form, providing information about yourself, your home and your home insurance coverage preferences. After submitting the form, you will receive offers from a dozen home insurance companies. This makes it easy for you to compare the quotes yourself, without the help of an insurance agent.
  • Make sure that you set appropriate limits of your home insurance coverage: they shouldn't be too low or too high. To determine the right coverage limits, you can get an evaluation by a realtor.
  • Take advantage of all available discounts that you may be eligible for. This is a very important home insurance money-saving strategy. Michigan insurance providers typically offer a non-smoker discount, a multi-line policy discount, a senior citizen discount, a security features discount, etc.
  • Another money-saving tip is getting a high - yet, still affordable - deductible. You can shave up to 25 percent off your annual home insurance premium by simply raising your deductible - $1,000 is a good amount if you think you are ready to pay it out of your pocket.
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