Who Has the Cheapest Homeowners Insurance Quotes in Michigan?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Whether you live near a Great Lake or are in more of a rural area, Michigan homeowners get to enjoy nice scenery, a growing tourism industry, and plenty of other benefits. Yet there are also issues with heavy storms, house fires, crime, and other problems that persist no matter where you live. That’s why we want every homeowner to at least consider an insurance plan. They aren’t as expensive or difficult to come by as you might believe, so we ask you to check out our notes below on some of the cheapest providers in the state.

Here are the four cheapest homeowners insurance providers operating in Michigan:

The Four Cheapest Quotes:

Michigan homes vary, and so will the quotes people get. While we try to get as accurate a read as possible, your experience will differ from what you read below. We ask that you consider the general trends instead when you review the following information.

The number listed next to each provider is the average annual rate for a standard policy.

1) Liberty Mutual: $583

We aren’t sure what kind of spell Liberty Mutual cast to get an average rate this low in Michigan, but we are sure that you should at least get a quote from them if you are concerned about price at all. Generally, you can count on them to provide adequate service and an acceptable policy for your home. You might even be able to get an even lower rate via the discounts and partnerships they offer.

Naturally, you will want to check to see what they have to offer, as we would like to remind you that in most cases you get what you pay for. Make sure you have all of the coverages (and coverage levels) your home needs. Unsatisfactory homeowners insurance is nearly as bad as none. Furthermore, there are reports of people having issues making claims, more so than with other companies.

You can expect the following working with Liberty Mutual:

  • A series of partnerships with thousands of companies and organizations to potentially get you a discount.
  • Optional coverages for valuables, water backup damage, and identity fraud expenses.
  • Plenty of different customer support options to choose from.

2) State Farm: $1,427 

The second cheapest option in the state, and still a very reasonable one if you take into account average prices across the country, State Farm is a massive insurance company that serves millions. They issue relatively basic and simple to understand policies for your home, which can be great if you don’t want to worry too much about the process or are just looking to fulfill a requirement. If something bothers you about Liberty Mutual, then State Farm is worth your attention.

Simple isn’t always perfect if you have a unique home or unique needs, however, and you won’t find many customization options within State Farm’s policy. Similarly, there aren’t many discount options, so don’t expect your rate to get much lower than your quote, as much as you might try.

You can expect the following working with State Farm:

  • An online quoting system that’s quick, accurate, and just hard to bear.
  • A large library of online resources to help you better understand your policy and how insurance works.
  • The benefits of working with a very large and stable company.

3) Allstate: $1,766

Another extremely large insurance company that operates nationally, Allstate might be a bit most costly but they have some special options that might make them entirely worth it to you, so check out a list of their optional coverages. They are also perhaps the best option if you are looking to bundle or have an older home, as the discounts offered in those instances are very competitive.

What isn’t worth the price of admission is the customer service you will likely receive, which pales compared to Farmers and most other policy providers. You might deal with pushy agents, slow response times, and other issues.

You can expect the following working with Allstate:

  • Plenty of tools and resources online to answer any questions you might have, help you perform insurance-related tasks, and let you more clearly understand your policy.
  • Some special endorsements available for expensive items.
  • Optional coverages including water backup, garden and landscape, identity theft restoration, scheduled personal property, and business property.

4) Farmers: $1,872

The most expensive on this list is Farmers, but we ask that you don’t simply write off the company for that, as you’re getting more for that price. With Farmers, you will be on the receiving end of excellent customer service, and furthermore, you’ll get that in conjunction with more customization options than some people know what to do with. They might not be the simplest, but Farmers is one of the best. See what packages they offer and determine if they are worth the price.

They might not be the best, however, at sticking the landing after you sign up with them. Some customers are not satisfied with their coverage after the fact, and other people might experience rate spikes for their policy, offsetting their finances. At an already relatively high rate, this can make Farmers unacceptably expensive for some.

You can expect the following working with Farmers:

  • Discounts for living in a new home, making recent renovations, bundling, not smoking, using strong roofing materials, and installing preventative measures in your home.
  • Options specifically for townhomes, condos, and other types of housing.
  • The ability to replace or repair your damaged home with environmentally friendly materials.

Conclusion

Not every day in Michigan is going to be easy, and for the very worst of those days, we recommend homeowners insurance to protect your home and belongings. Among the above four companies, you are sure to find a good fit, and we ask you to take your time when doing a comparison. The cheapest company might not be a good fit for you, and they might not even be the cheapest. Whatever your choice, though, we hope that you can get the protection your home deserves.