Where to Get the Best Homeowners Insurance in Detroit, MI
The Hanover has the best homeowners insurance in Detroit, Mich., with the city’s cheapest rates ($1,218 a year), many discounts and few customer complaints.
Consider USAA, too, if you have military ties, and Chubb if customer service and satisfaction are especially important to you.
Cheapest home insurance companies in Detroit
With an average premium of just $1,218 a year, The Hanover Group is the best company for cheap home insurance in Detroit.
Hanover’s average premium is less than half that of the next-cheapest companies, USAA and AAA. USAA’s average premium is $3,024 a year, while AAA’s is $3,122. Only members of the military and their families can buy from USAA, however.
Both AAA and USAA offer quite a few discounts that could lower your premium, so compare home insurance quotes from all three companies if you can.
Home insurance quotes in Detroit by company
| Company | Annual rate Average rates are based on a policy with $400,000 of dwelling coverage and $200,000 of personal property coverage. | LendingTree score | |
|---|---|---|---|
 | Hanover | $1,218 |  |
 | USAA* | $3,024 |  |
 | AAA | $3,122 |  |
 | State Farm | $3,417 | |
 | Chubb | $3,632 | |
| Frankenmuth | Frankenmuth | $5,745 | Not rated |
 | Farmers | $15,104 | |
*USAA is only available to active-duty and veteran military members and their families.
Best home insurance companies in Detroit
Hanover is Detroit’s best homeowners insurance company. It has the city’s lowest rates as well as a number of discounts and optional coverages.
Chubb is a great company if you have a high-end home and you value customer service. Farmers has the best discounts of the companies we surveyed in Detroit.
| Company | Best for | Annual rate Average rates are based on a policy with $400,000 of dwelling coverage and $200,000 of personal property coverage. | Customer satisfaction Source: J.D. Power 2024 U.S. Home Insurance Study. Higher is better; 640 is average. | Complaints Source: National Association of Insurance Commissioners (NAIC) 2024 Complaint Index. Lower is better; 1.0 is average. |
|---|---|---|---|---|
| Hanover | Overall | $1,218 | 617 | 0.41 |
| Chubb | Customer satisfaction | $3,632 | 688 | 0.08 |
| Farmers | Discounts | $15,104 | 609 | 0.91 |
Best home insurance company overall: Hanover
Detroit homeowners looking for the best insurance company should get a quote from Hanover. Not only does it have the city’s cheapest rates of around $1,218 a year, but it also offers many home insurance discounts that could make it even cheaper.
Hanover also lets you customize your policy with several add-on coverages for things like equipment breakdown, water backup and sump overflow and siding or roof restoration.
Pros
Lowest home insurance rates in Detroit
Several discounts
Many optional coverages
Fewer customer complaints than most other companies
Cons
Customer satisfaction score is well below average
Best for customer satisfaction: Chubb
Make sure you compare quotes with Chubb if you want a home insurance company that offers great customer service and satisfaction.
Chubb has among the best scores from both J.D. Power and the National Association of Insurance Commissioners (NAIC) of the companies we surveyed in Detroit. This means customers are quite happy with how Chubb handles their home insurance.
Keep in mind that Chubb may not sell you a policy if your home is worth less than a certain amount. Talk with an agent to find out if you qualify.
Pros
Best customer satisfaction score besides USAA
Best complaint rating of all surveyed companies
Cons
Higher rates than some other home insurers
Not many coverage options
Few discounts
Best home insurance discounts: Farmers
Farmers offers more home insurance discounts than any other company we looked at in Detroit. It’s a good thing, too, as Farmers’ average rate is by far the most expensive of them.
Still, Farmers could be a good option for you if you qualify for several of these discounts and other aspects of your life line up, as well. This is because insurance companies consider many factors when coming up with your quote, including the age of your home, the deductible A deductible is the amount of money you pay out of your own pocket after you file a claim and before your insurance company pays the rest. you choose and your insurance history.
You might get a discount from Farmers if you:
- Bundle home and auto insurance or other policies
- Have devices like fire alarms or internal sprinklers in your home
- Haven’t filed a claim in a while
- Sign up for a monthly payment plan or pay on time
Pros
Many discount options
Several add-on coverages
Good complaint rating
Cons
Expensive rates, on average
Poor customer satisfaction score
How much is home insurance in Detroit?
Detroit home insurance costs $5,038 a year, on average, for a home with $400,000 of dwelling coverage Dwelling coverage pays to repair or rebuild the structure of your home if a fire, hail or other event damages or destroys it. .
You’ll likely pay more than this average premium if your home needs more dwelling coverage. If your home needs less dwelling coverage, your premium should be lower.
The average cost of homeowners insurance in Detroit is $5,673 a year for a home with a $450,000 dwelling coverage limit, for example. That’s nearly 13% more than the cost for a home with $400,000 in dwelling coverage.
Home insurance cost by dwelling coverage amount
| Dwelling coverage amount | Annual rate | % increase from $350,000 |
|---|---|---|
| $350,000 | $4,344 | -- |
| $400,000 | $5,038 | 16% |
| $450,000 | $5,673 | 31% |
How much your dwelling coverage limit impacts your home insurance rate depends on where you buy your policy, too.
There’s only a 19% difference between USAA’s average rate for policies with $350,000 and $450,000 in dwelling coverage, for example. With Frankenmuth, the difference is 43%.
Cost of dwelling coverage by home insurer
| Company | Annual rate ($350,000 dwelling coverage) | Annual rate ($450,000 dwelling coverage) | % increase |
|---|---|---|---|
| The Hanover | $1,077 | $1,351 | 25% |
| Farmers | $12,793 | $16,908 | 32% |
| Frankenmuth | $4,741 | $6,802 | 43% |
| Chubb | $3,192 | $4,075 | 28% |
| AAA | $2,742 | $3,462 | 27% |
| State Farm | $3,100 | $3,834 | 24% |
| USAA* | $2,761 | $3,279 | 19% |