- Best condo insurance companies in Michigan
- Average condo insurance cost in Michigan
- Condo insurance rates in Michigan by company and coverage level
- Condo insurance rates by company in Michigan
- Compare condo insurance rates by city in Michigan
- Methodology
- FAQ
- Compare Michigan condo insurance rates with other states
Best condo insurance companies in Michigan
Based on our analysis, Auto-Owners is the best condo insurance company in Michigan among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Michigan, based on our research.
| Company | Annual annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Auto-Owners | $122 | A+ | 0.39 | |
| Frankenmuth Insurance | $207 | A | 0.23 | |
| State Farm | $432 | A+ | 1.15 | |
| Auto Club Group - ACG (AAA) | $387 | A | 0.89 | |
| The Hanover | $636 | A | 0.81 | |
| Farmers | $1,544 | A | 0.89 | |
| Michigan Farm Bureau | $1,843 | A- | 0.3 | |
| USAA | $1,105 | A++ | 0.46 |
Average condo insurance cost in Michigan
The average cost of condo insurance in Michigan is $838 per year or $70 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $838 |
| Average monthly premium | $70 |
Condo insurance rates in Michigan by company and coverage level
Auto-Owners provides the lowest condo insurance rates in Michigan for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is Frankenmuth Insurance, with an annual rate of $207. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Auto-Owners | $114 | $115 | $121 | $122 | $127 | $128 | $134 | $135 |
| Frankenmuth Insurance | $190 | $207 | $190 | $207 | $190 | $207 | $198 | $215 |
| Auto Club Group - ACG (AAA) | $300 | $353 | $334 | $387 | $369 | $422 | $403 | $456 |
| State Farm | $362 | $370 | $424 | $432 | $474 | $482 | $520 | $529 |
| Allstate | $473 | $493 | $540 | $560 | $596 | $616 | $639 | $659 |
| The Hanover | $537 | $539 | $634 | $636 | $734 | $737 | $832 | $835 |
| Farmers | $1,409 | $1,427 | $1,545 | $1,563 | $1,685 | $1,703 | $1,826 | $1,844 |
| Michigan Farm Bureau | $1,633 | $1,672 | $2,229 | $2,268 | $2,782 | $2,821 | $3,344 | $3,383 |
| USAA | $1,031 | $1,031 | $1,105 | $1,105 | $1,168 | $1,168 | $1,220 | $1,220 |
Condo insurance rates by company in Michigan
The cheapest option is Auto-Owners, followed by Frankenmuth Insurance and Auto Club Group - ACG (AAA) as the second and third most affordable choices. However, condo insurance rates in Michigan vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Michigan.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Auto-Owners | $122 | $10 |
| Frankenmuth Insurance | $207 | $17 |
| Auto Club Group - ACG (AAA) | $387 | $32 |
| State Farm | $432 | $36 |
| Allstate | $560 | $47 |
| The Hanover | $636 | $53 |
| Farmers | $1,563 | $130 |
| Michigan Farm Bureau | $2,268 | $189 |
| USAA | $1,105 | $92 |
Compare condo insurance rates by city in Michigan
Condo insurance rates in Michigan vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in Michigan?
No, condo insurance is not require by law in Michigan, but your mortgage company will require it.
What does condo insurance typically cover in Michigan?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Michigan?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
