Call our licensed agents toll free 844.855.0163
Why you should trust Insurance.com
Insurance.com is dedicated to informing, educating, and empowering you to make confident insurance decisions. Our content is carefully reviewed by insurance experts, and we rely on a data-driven approach to create unbiased, accurate insurance recommendations. Insurance.com maintains editorial integrity through strict independence from insurance companies.

Condo insurance isn’t required by law in Michigan, but your mortgage company likely requires it. Condo insurance is a home insurance policy that covers everything inside your condo, while the homeowners association’s insurance covers the outside of your building and common areas.

Depending on your HOA’s rules, your condo insurance may cover not only personal property, but also provides dwelling coverage known as building property coverage, for the interior of the structure. Make sure you know how much condo insurance you need before you buy condo insurance.

To find the best condo insurance in Michigan, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in Michigan with average annual rates.

Key takeaways

  • The residents of Michigan pay an average of $659 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
  • Based on the analysis by Insurance.com, Auto-Owners is the top pick for the best condo insurance company in Michigan.
  • Auto-Owners offers the cheapest condo insurance in Michigan at an average of $89 per year.

Best condo insurance companies in Michigan

In Michigan, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction ratings of major insurers in Michigan. Below are the best condo insurance companies in Michigan based on Insurance.com’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
Auto-Owners825A++
4.2
USAA884A++
4.1
State Farm829A++
4.0
Automobile Club MI (AAA)817A+
3.6
Allstate815A+
3.5
Farmers792A
2.0

Average cost of condo insurance in Michigan

The average cost of condo insurance in Michigan is $659 a year or $55 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average Annual PremiumAverage Monthly Premium
$659$55

CONDO INSURANCE CALCULATOR

Average condo insurance rates in MICHIGAN

$60,000
$1,000
$100,000
48227 - Detroit
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $1,388

HIGHEST RATE: $4,965 LOWEST RATE: $183

Most & least expensive zip codes for condo insurance in Michigan

Most Expensive

Zip CodeCityHighest Rate
48238Detroit$1,482
48212Detroit$1,459
48208Detroit$1,445
48217Detroit$1,405

Least Expensive

Zip CodeCityLowest Rate
49221Adrian$679
48060Port Huron$683
49431Ludington$689
49420Hart$712

Condo insurance rates by company in Michigan

Rates for condo insurance by company in Michigan vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in Michigan. The cheapest company for condo insurance in Michigan is Auto-Owners. Frankenmuth Insurance, and Automobile Club MI (AAA), are the second and third cheapest options.

CompanyAverage Annual Rate
Auto-Owners$89
Frankenmuth Insurance$172
Automobile Club MI (AAA)$283
State Farm$338
Allstate$378
The Hanover$796
USAA$990
Farmers$1,244
Michigan Farm Bureau$1,314

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.

Tip icon You might also be interested in
See How Much You Can Save
See How Much You Can Save
Please enter valid zip
Want to bundle home and auto insurance for potential discounts?

You may also like to explore