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If you call the Great Lakes State home, you could benefit from a homeowners insurance policy. Not only do these policies satisfy your mortgage lenders’ requirements, but they can also provide you and your home with extensive financial protection.
We at the Home Media reviews team have ranked the top homeowners insurance companies serving Michigan, evaluating their coverage, rates, discounts and customer reviews. Read on to compare the best homeowners insurance providers in Michigan and get quotes for your home.
After in-depth research, the Home Media reviews team found the following to be Michigan’s best homeowners insurance providers:
According to a 2021 study from the Insurance Information Institute (III), the average annual cost of homeowners insurance in Michigan was $981 per year in 2018. That figure is lower than the national cost of homeowners insurance, which was $1,249, and it is significantly lower than some states’ average costs. Homeowners insurance rates vary based on your location, square footage and other factors.
Newer to the industry than other providers in this review, Lemonade is revolutionizing the industry with its tech-forward approach to insurance coverage. The company uses artificial intelligence to provide simple quotes and a rapid claims process through its mobile app and website.
Lemonade is not featured in the most recent J.D. Power homeowners insurance survey, nor does it have an AM Best rating available. However, many of the company’s most complimentary customer reviews on the Better Business Bureau (BBB) are centered around its rapid claims process, which is what puts it at the top of our list. Lemonade states that its goal is to pay out straightforward claims, such as stolen personal property, instantly.
Additionally, the company’s website has an exhaustive FAQ page that details its plans, endorsements and discounts. You can learn what coverages and discounts are available in your area when you get a quote.
* All AM Best and JD Power ratings are accurate as of August, 2022.
+ Offers cheaper coverage than most providers in this review, on average + Has nearly instant claim payouts for basic claims, such as a stolen computer + Donates excess premiums to nonprofits at the end of each year
– Doesn’t sell flood insurance, which could be an essential separate policy for some Michigan residents to carry – Doesn’t connect you with a local agent, limiting human customer service with its AI-based platform
Lemonade provides discounts for security devices, wind protection, water leak detection systems, fire alarms and sprinkler systems.
Lemonade features additional coverages for earthquakes, appliance breakdowns, water backup, jewelry, ordinance/law coverage, bikes, musical instruments, fine art and cameras.
Get a Quote: Get your personalized home insurance quote from Lemonade .
To Learn More: Lemonade Home Insurance Review
Another company that performed well across our review standards, Allstate is one of the nation’s largest providers of home, auto and life insurance. The company was founded in 1931, building a strong reputation for its financial strength and customer service.
Allstate has an A+ rating from both AM Best and the BBB . It also earned the highest J.D. Power score of any provider in this review, thanks to its 24/7 customer service availability and an extensive network of agents in Michigan and across the nation.
The company stands out most for offering a long list of endorsements, such as yard and garden coverage and business property protection.
Allstate hosts a range of educational online tools, including a resource that informs you of common and costly claims based on your zip code.
+ Provides more discounts than most home insurance providers in this review + Offers extended coverage for roof repairs, which not all providers do + Locks in rates with Claim Rateguard endorsement, regardless of whether you’ve filed a claim in the previous year or not
– Offers limited customization in comparison to competitors – Features higher rates on average than some providers in this review, based on comparing quotes we obtained from providers
Allstate offers a multi-policy discount, responsible payment discount, claim-free discount, welcome and loyalty discount, recent home buyer discount, Easy Pay Plan discount, protective device discount and an early signing discount.
Allstate provides several additional coverages, including identity theft restoration, green improvement restoration, manufactured/mobile home, water backup, home-sharing, yard and garden, scheduled personal property, business property, musical instruments, sports equipment, electronic data recovery, flood insurance and personal umbrella insurance.
Get a Quote: Get your personalized home insurance quote from Allstate .
To Learn More: Allstate Home Insurance Review
Founded in 1864, the longest-standing provider in this review holds an A++ from AM Best and an A rating from the BBB. Like Allstate, Travelers employs local agents nationwide, and its claims center is open 24/7.
Travelers is ideal for customers looking for customizable coverage with flexible deductibles. The company offers nine deductible options, from as low as $1,000 to as high as $50,000. This wide range of deductibles allows you to tailor your policy to your budget and decide how much to pay out-of-pocket when you file a claim.
Travelers also has an endorsement called the Decreasing Deductible, which trims $100 off your deductible when you renew your policy, even if you filed a claim in the previous year.
+ Has been in the home insurance industry longer than its competitors in this review + Does not require your Social Security number or phone number to get a quote, while many companies demand this information upfront + Claims center is open 24/7, allowing you to file claims on the weekend
– Scored below the industry average for overall customer satisfaction in the J.D. Power survey – Provides fewer discounts than Allstate, Lemonade and other providers in this review
Travelers extends the following discounts: multi-policy, home buyer, loss-free, protective device and green home.
Travelers provides extra coverage for special personal property, additional replacement cost protection, water backup, sump pump discharge or overflow, jewelry and valuable items, identity fraud, green home and valuable personal articles.
Get a Quote: Get your personalized home insurance quote from Travelers .
To Learn More: Travelers Insurance Review
While Liberty Mutual earned a lower score than some competitors in the J.D. Power survey, it has an A rating from AM Best, which suggests it is likely to pay claims as promised.
Liberty Mutual has a full suite of financial products, including home, pet, umbrella, life and car insurance. It is our top recommendation for homeowners searching for savings, with a wide variety of discounts.
For instance, Liberty Mutual lowers your rates when you insure at least 100% of your home’s value or purchase a new policy before your current coverage expires.
The company’s website is simple to use, but its quote process is lengthy and asks for more details about the home than some providers. However, you can get assistance if you’re stuck, with a live online chat tool and educational blog content.
+ Has live chat throughout the quote process and the option to connect with an insurance agent over the phone if you have questions + Features a 10% discount when you buy coverage online + Offers inflation protection, which bases coverage amounts on inflation rates
– Earned a below-average J.D. Power score for customer satisfaction – Has a more complicated quoting process than some competitors
Liberty Mutual has claims-free, safe homeowner, newly purchased home, early shopper, new/renovated home, multi-policy, new roof, insured to value, preferred payment and paperless discounts.
Liberty Mutual offers additional coverage for hurricanes, fine jewelry, total replacement cost, water backup and overflow and inflation protection.
Get a Quote: Get your personalized home insurance quote from Liberty Mutual .
To Learn More: Liberty Mutual Insurance Review
Opening its doors in 1928, Farmers is another long-standing provider with A-level ratings from AM Best and the BBB. It’s also featured in J.D. Power’s survey of the top home insurance providers by customer satisfaction.
Farmers stands out the most for how customizable its coverage is. While some providers calculate your dwelling coverage, personal property and loss of use coverage for you, Farmers allows you to adjust each coverage amount, with several coverage limits and deductibles.
By tweaking these coverage amounts and your deductibles, you can change your rates and get exactly the amount of protection your home needs.
F armers’ website is simple and direct, providing you with the basics about its three policy levels, discounts and endorsements all in one place.
+ Provides more customizable deductibles, dwelling, loss of use and personal property coverage than other providers + Offers as much as $2 million in liability protection, which can be a smart purchase for high-income policyholders + Has a unique discount for non-smokers, which none of the other providers in this review do
– Scored below the industry average in the J.D. Power customer satisfaction survey – Can be more expensive than competitors
Farmers has the following discounts: multiline, declining deductible, non-smoker, affinity, e-Policy, UL-approved roofing materials, new home, protective device, home safety, green certification, claims-free, rent to own, preferred payment/EFT and good payer discount for timely payments.
Farmers provides additional coverage for eco-rebuilds, mobile and manufactured homes, earthquake, flood, replacement cost coverage and identity theft protection.
Get a Quote: Get your personalized home insurance quote from Farmers .
To Learn More: Farmers Home Insurance Review
Homeowners insurance rates are determined by how risky your home is to insure.
Specifically, your home insurance company’s underwriters will look at the following factors:
Some of the most common causes of home insurance claims in Michigan are weather-related, both in the warmth of summer and the chill of winter.
Specifically, Michigan residents commonly file home insurance claims for the following:
Fortunately, home insurance will cover damage from wind, snow and some sudden accidental water damage. It also covers theft and vandalism.
However, flooding is typically excluded from standard homeowners insurance policies. Michigan homeowners can purchase a flood insurance plan from the federal government’s National Flood Insurance Program or through a private provider such as Allstate.
We recommend Lemonade to homeowners in Michigan for its affordable coverage, simple quoting process and quick claims processing.
However, each of the companies in this review stood the test of our rigorous review process and has solid advantages for Michigan residents. To get the best rates and secure coverage from the right provider for your needs, we suggest comparing quotes from at least three providers.
Get insurance quotes from insurers by entering your zip code here or calling 855-948-5219 .
You may be required to purchase flood insurance in Michigan if you live in a high-risk flood zone area. You can learn more using FEMA’s flood map service center . Flood insurance is not included in your home insurance plan but can be purchased as a stand-alone policy.
Homeowners insurance usually covers the cost of repairing or replacing your home and belongings if they are damaged by a covered peril such as fire, lightning, hail or theft. It also provides liability coverage and living expenses if you have to move while your home is being rebuilt after a claim.
Homeowners insurance is not based on your property value or your mortgage amount. Instead, it’s determined by the cost of rebuilding the home. According to Zillow’s home value index , the average property value of a home in Michigan is $219,930. However, that number factors in the land your home is built on, while home insurance solely looks at the replacement cost of the structure itself.
Our team surveyed dozens of home insurance providers and created a scoring system to judge each company’s quality and service. We reach out for sample quotes, both over the phone and on the internet, to simulate an authentic customer experience. Here are the factors that account for our provider reviews:
Companies with the best customer service exhibit 24/7 availability, educational resources on their website, useful digital tools and a seamless claims-filing process. Providers that offer extensive discount options, endorsements, customizable coverage options and unique features score significantly higher than those that don’t, putting them toward the top of our recommendations to readers.
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