Best Homeowners Insurance In Michigan For 2024

Farmers ranks at the top for its home insurance perks and also achieves a high score for its “online experience,” which is praised for clearly explaining these benefits and discounts to current and prospective customers. Some of these perks are:

• Guaranteed Replacement Cost: Farmers will cover the entire cost to rebuild your home, regardless of how much it costs.
• Declining Deductible: For each year your policy is active, you’ll receive $50 toward your deductible.
• Claim Forgiveness: Your premiums won’t increase after filing a claim if you’ve been claim-free with Farmers for five years.
• Multi-Policy Savings: Bundle multiple Farmers policies to save up to 34% on your home insurance.
• Claim-Free Discount: If you’ve been claim-free for three years, you’ll qualify for a discount on your home insurance.

Farmers’ overall score of 9.3/10 reflects the lower customer satisfaction ratings for policyholder service it received from J.D. Power.

While Nationwide is rated A+ (Superior) for financial strength by AM Best, it scores low in customer satisfaction due to multiple negative reviews from policyholders online. However, they maintain a strong agent presence throughout Michigan with many neighborhood offices.

A standard home insurance policy from Nationwide provides additional protection that many carriers don’t, including coverage for credit card fraud and rebuilding to comply with newer, stricter building codes.

Customize your policy with features like Better Roof Replacement, which covers the cost of premium roofing materials if a qualifying event leads to replacement.

With Brand New Belongings, you’re covered for the replacement cost of your personal items. You’ll first receive compensation for the depreciated value, then after buying replacements, send the receipts to Nationwide to be reimbursed for the remaining amount.

Allstate offers 11 discounts for home insurance, significantly more than the average of seven in the industry. In my view as a home insurance analyst, several of these discounts are quite unique.

Allstate includes these discounts:

Claims forgiveness: Extra protection that prevents your premium from increasing after a claim.
Claims-free: Earn 5% back on renewal for staying claims-free each year.
Deductible reward: Receive $100 off your deductible when you sign up.
Bundle: Save up to 25% by combining your home and car insurance.
Automatic payment: Save 5% by setting up automatic payments.
Loyalty: Get up to 10% off for sticking with Allstate.
Home buyer: Discount for recent homebuyers.
New home: Discount for insuring a new house.
Responsible payment: Get extra savings for paying on time.
Early payment: Save up to 10% by buying a policy at least seven days before your current one ends.
Protective device: Discount for installing fire or theft protection systems.

Allstate offers homeowners nine optional coverage types, nearly doubling the industry’s average of five. Beyond common choices like ID theft and scheduled personal property coverage, Allstate also provides a unique yard and garden insurance option, enhancing coverage limits for landscaping and riding lawnmowers.

Based on its extensive agent presence in Michigan, high customer satisfaction ratings, and reasonable premiums, State Farm was our top overall option. Its strong J.D. Power service ratings are important not only for its large agent network during a tornado or severe storm but also for the numerous claims adjusters and offices it maintains in Michigan.

State Farm allows you to customize a standard homeowners policy with additional coverage options to match your needs. You can add protection for compliance with new ordinances, identity theft, or coverage for valuable items like jewelry and collectibles. It’s also important to note that State Farm holds the highest financial strength rating from AM Best, with an A++.

You can begin getting a quote from State Farm online, but you’ll need to work with a local agent to complete the purchase. State Farm policyholders can easily manage their accounts via the app or website, file claims, and enroll in paperless billing. The website also features a resource library with helpful insurance information.

Chubb’s home insurance is the most affordable in Michigan, with an average policy priced at $1,362 per year—$1,170 less than the state average.

Chubb has the most budget-friendly home insurance rates in Michigan while still offering comprehensive coverage. Tailored for high-value homes, their policies are backed by strong financial security and superior customer service. In addition to low premiums, Chubb offers extended replacement cost coverage, ensuring your belongings are replaced or repaired regardless of their current value.