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The Best Home Insurance Companies in Michigan for 2022

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    Homeowners insurance in Michigan provides financial protection against unexpected damages or injuries and is commonly required by mortgage companies, even though it’s not a legal requirement. Given the number of insurers in the state, finding the best home insurance company may require comparing quotes from a few companies. 

    To help in your search for the best home insurance companies in Michigan, Reviews evaluated some of the biggest companies based on 2021 average annual premiums from Bankrate.com and third party industry rating agencies like J.D. Power and AM Best. Based on this research, we determined that the best homeowners insurance providers in Michigan include USAA, Chubb, Allstate, and Cincinnati Insurance.

    The 4 Best Homeowners Insurance Companies in Michigan

    Compare the Best Michigan Homeowners Insurance Companies

    Average Annual Premiums* AM Best Financial Strength AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. 2021 J.D. Power Overall Satisfaction J.D. Power scores are based on surveys for customer satisfaction and product quality.
    Pin USAA$845A++ (Superior)882/1,000**
    Pin Chubb$1,116A++ (Superior)801/1,000
    Pin Allstate$1,291A+ (Superior)829/1,000
    Pin Cincinnati Insurance$901A+ (Superior)N/A

    Information accurate as of December 2021

    *Based on $250,000 dwelling coverage

    **USAA not officially ranked by J.D. Power due to eligibility restrictions

    USAA

    If you’re an active duty or retired military service member or an immediate family member, you may be eligible to purchase home insurance through USAA. The company stands out for its exceptional J.D. Power scores for overall customer satisfaction, high financial strength scores from AM Best, and competitive rates for Michigan homeowners.

    Best for Military-Focused Coverage

    WHY WE CHOSE IT

    USAA may be the best home insurance company for military families in Michigan because of its third party ratings, competitive premiums, and the fact that policies are built with the needs of a military lifestyle in mind. However, because eligibility is restricted, not all Michigan homeowners will find that USAA is a viable option to consider.
    • $845 Average Premium Pricing data comes from our partners at Bankrate.com.
    • A++ (Superior) AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 882** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    USAA may be the best home insurance company for military families in Michigan because of its third party ratings, competitive premiums, and the fact that policies are built with the needs of a military lifestyle in mind. However, because eligibility is restricted, not all Michigan homeowners will find that USAA is a viable option to consider.

    Pros

    • Affordable average premiums
    • Military-specific coverages
    • Excellent customer service ratings

    Cons

    • Only available to military service members
    Read More

    DISCOUNTS AVAILABLE

    • Claim-free
    • Security device
    • Policy bundling

    ADD-ON COVERAGES

    • Home sharing coverage
    • Military uniform coverage
    • Personal property replacement cost coverage

    USAA INSURANCE REVIEW

    **USAA not officially ranked by J.D. Power due to eligibility restrictions

    Chubb

    Chubb is widely considered one of the best home insurance companies on the market for high-value homes, backed by Superior financial strength ratings from AM Best. Standard homeowners insurance policies come with features like extended replacement cost coverage and free home assessment services. However, Chubb’s J.D. Power scores for overall satisfaction fall below average for the industry.

    Best for High-Value Homes

    WHY WE CHOSE IT

    If you own a high-value or luxury home, Chubb may be a great option to consider for home insurance. Chubb’s standard home insurance policies are geared towards higher value dwellings and include unique coverages designed to financially protect high-value homeowners.
    • $1,116 Average Premium Pricing data comes from our partners at Bankrate.com.
    • A++ (Superior) AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 801 J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    If you own a high-value or luxury home, Chubb may be a great option to consider for home insurance. Chubb’s standard home insurance policies are geared towards higher value dwellings and include unique coverages designed to financially protect high-value homeowners.

    Pros

    • Extended coverage geared towards high-value homes
    • Cash settlement option
    • Replacement cost coverage for personal property

    Cons

    • Lower-than-average overall customer satisfaction scores
    • Higher average premium than other companies on our list
    Read More

    DISCOUNTS AVAILABLE

    • Policy bundling
    • Safety devices
    • New homes
    • Gated community
    • Claim-free
    • Storm shutter
    • Sprinkler system
    • Fire-resistant construction

    ADD-ON COVERAGES

    • Credit card and forgery coverage
    • Identity theft coverage
    • Kidnap and ransom coverage

    Allstate

    Allstate is one of the largest home insurance providers in the country by market share. In addition to numerous discounts, Allstate also offers a wide variety of add-on coverages, which can help homeowners build a policy that provides robust coverage for their unique situation.

    Best for Discounts

    WHY WE CHOSE IT

    Allstate has plenty of discounts available if you are looking for ways to lower your premium. If Michigan homeowners want to customize their policy with endorsements, Allstate may also be worth considering.
    • $1,291 Average Premium Pricing data comes from our partners at Bankrate.com.
    • A+ (Superior) AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829 J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Allstate has plenty of discounts available if you are looking for ways to lower your premium. If Michigan homeowners want to customize their policy with endorsements, Allstate may also be worth considering.

    Pros

    • Numerous discounts available
    • Highly-rated mobile app

    Cons

    • Lower third-party ratings than other Michigan insurers
    Read More

    DISCOUNTS AVAILABLE

    • Policy bundling
    • Responsible payer
    • Claim-free
    • Welcome and loyalty
    • New homebuyer
    • Automatic payments
    • Protective devices
    • Early signing

    ADD-ON COVERAGES

    • Identity theft restoration coverage
    • Water backup coverage
    • Scheduled personal property coverage
    • Business property coverage
    • Sports equipment coverage
    • Green improvement reimbursement coverage
    • Yard and garden coverage
    • Electronic data recovery coverage
    • Musical instrument coverage
    • HostAdvantage coverage

    ALLSTATE INSURANCE REVIEW

    Cincinnati Insurance

    For Michigans looking for a home insurance company with plenty of options to personalize coverage, Cincinnati Insurance could be a good choice. The insurer offers a few different levels of coverage, including the Executive and Executive Capstone options, which allow homeowners to easily choose coverage packages that work for their needs.

    Best for Personalized Protection

    WHY WE CHOSE IT

    Cincinnati Insurance offers several different coverage packages to allow homeowners to easily and quickly choose an option that meets their needs. Each package comes with its own group of optional coverages that you could add, including increased water damage limits and the Homeowners Plus endorsement, which includes several different coverage types.
    • $901 Average Premium Pricing data comes from our partners at Bankrate.com.
    • A+ (Superior) AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Cincinnati Insurance offers several different coverage packages to allow homeowners to easily and quickly choose an option that meets their needs. Each package comes with its own group of optional coverages that you could add, including increased water damage limits and the Homeowners Plus endorsement, which includes several different coverage types.

    Pros

    • Several coverage packages to choose from
    • Superior financial strength

    Cons

    • Fewer discounts than some other companies
    • No official J.D. Power customer satisfaction score
    Read More

    DISCOUNTS AVAILABLE

    • Home security
    • Multi-policy
    • Retired

    ADD-ON COVERAGES

    • Homeowners Plus
    • Extended replacement cost
    • Identity theft
    • Personal cyber protection

    Average Cost of Homeowners Insurance in Michigan

    In Michigan, the average home insurance premium is $1,120 per year for $250,000 dwelling coverage, based on 2021 quoted annual premium data from Bankrate.com. The average cost of home insurance in Michigan is cheaper than the average rate nationwide. For comparison, the  national average is $1,312 per year. 

    However, keep in mind that these rates are averages based on a sample profile and $250,000 dwelling coverage. A variety of factors contribute to how your home insurance premiums are priced, including your claim history, policy limits, and deductible, among other factors. 

    Average Annual Premium from Homeowners Insurance Companies in Michigan

    Another factor that affects home insurance rates is the insurance company from which you purchase coverage. In the table below, you can see just how much the average home insurance premiums from various companies in Michigan vary. Because rates can be significantly different between home insurers, insurance experts recommend comparing quotes from at least three to see which offers the best rate for your insurance needs.

    CompanyAverage Annual Premium*
    Westfield$523
    Frankenmuth$710
    Pioneer State$780
    AAA$831
    USAA$845
    Cincinnati Insurance$901
    Grange$921
    Hastings Mutual$1,019
    Michigan Farm Bureau Grp$1,030
    Chubb$1,116
    State Farm$1,273
    Allstate$1,291
    PURE$1,331
    The Hanover$1,910
    Farmers$2,116

    *Based on $250,000 dwelling coverage

    Top 3 Most Expensive Companies for Michigan Homeowners Insurance 

    • Farmers: $2,116
    • The Hanover: $1,901
    • PURE: $1,331

    Top 3 Cheapest Companies for Michigan Homeowners Insurance

    • Westfield: $523
    • Frankenmuth: $710
    • Pioneer State: $780

    Michigan Home Insurance Considerations

    Homeowners in Michigan face a number of risks that could potentially damage or destroy their dwelling or personal belongings. These risks may include winter storms, tornadoes, and wildfires. It’s important to speak with a licensed agent to determine which risks your home is most vulnerable to and ensure your coverage reflects the necessary financial protection.

    For example, many homes in Michigan may be at risk of flooding, particularly around the Great Lakes or in state flood zones. Because home insurance policies do not cover flooding, Michigan homeowners are typically advised to consider purchasing a separate flood insurance policy.

    Helpful Resources for Michigan Homeowners

    If you’re purchasing home insurance for the first time, it may be helpful to review some Michigan home insurance resources before you secure a policy. The state’s Department of Insurance and Financial Services (DIFS) maintains several guides explaining what home insurance covers, how to file claims, how to navigate flood insurance, and how to spot claim misrepresentation.

    Frequently asked questions

    Methodology 

    We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers. 

    To compare home insurance companies across the board, we considered the following factors:

    • Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using 2021 J.D. Power Home Insurance Study ratings.
    • Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available. 
    • Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength ratings indicate a positive history of being able to pay out claims. We measured this using AM Best ratings.
    • Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the National Association of Insurance Commissioners National Complaint Index.

    Rates are based on quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.

    The coverage limits for home insurance rates reflect the following coverage and limits:

    • Coverage A, Dwelling: $250,000
    • Coverage B, Other Structures: $25,000
    • Coverage C, Personal Property: $125,000
    • Coverage D, Loss of Use: $50,000
    • Coverage E, Liability: $300,000
    • Coverage F, Medical Payments: $1,000

    The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

    About the Authors

    Elizabeth Rivelli

    Elizabeth Rivelli Contributing Writer

    Elizabeth Rivelli is an insurance writer for Reviews.com. Over the last year, she has covered insurance providers, best policies, industry trends and more. Elizabeth has been featured in The Simple Dollar, Bankrate and Coverage.com, among others. She holds a bachelor's degree in Communication Studies from Northeastern University in Boston, MA. The Best Term Life Insurance Companies is Elizabeth’s favorite review on Reviews.com.

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