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Homeowner’s Insurance in Michigan

Getting homeowners insurance in Michigan is essential to protect your property. Michigan residents know how difficult living here can be due to extreme weather. It’s common to deal with flooding, frozen pipes, and thunderstorms. But on the other hand, cities like Troy, Michigan, are simply beautiful. It has the second-highest cumulative property value in Michigan, second only to Detroit.
In 2012, Troy was ranked in the top 25 cities in America to live, based on the quality of education, economic strength, and property value.
This is why we help our customers get all the information they need before they decide to invest in a Michigan homeowner’s insurance policy.

What you need to know about Homeowners insurance

We go deeper into how this works in our Guide to Understanding Homeowners Insurance page. But for now, here are some quick notes.


Dwelling is the part of your policy that covers the repairs for your home. The cost is determined by all the factors that would come into play to repair your home. This is completely different than the market value. This is just repairs. Whenever you buy homeowners insurance, you will have to decide the dwelling coverage you want. We have a calculator that will give you an estimate of how much it may cost to repair your home. This is just a guideline, of course, and you should always consider getting an expert to do this valuation.


This part of your home insurance policy covers the medical expenses of the home residents who could get hurt in the event of your property being damaged. This also applies to damage caused to your neighbor’s property, legal fees in case you are sued, and sentencing if it comes to it, up to your policy limits.

Medical Payments

Medical payments cover injuries to guests in your home, regardless of who was at fault. This is different from the liability part of the policy because liability only applies in cases where you are legally responsible for the loss. Thus, the limits here are much higher. Medical payments are usually a couple of thousand dollars.

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How much is homeowners insurance in Michigan?

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Depending on your zip code, the average Michigan homeowners insurance cost will vary.
Specifically, for Troy, you can expect your average annual cost to be anywhere from.

$750 to $950.

These are just averages. Ultimately, it will depend on the property value and risk factors like
the elevation of the property, for example. Our job is to find the best homeowners insurance
rates, so all you have to do is choose. In many cases, we can find discounts that an
insurance company wouldn’t normally offer.

Understanding the Michigan No-Fault Insurance Law Reform

In short:

You are not legally required
to have homeowner’s
insurance for your property.

But it’s a fantastic idea.


According to the Government of Michigan, you are not required to purchase home insurance for your home or personal property. That said, Michigan has specific hazards to your home that are relevant if you live in Troy. With the permanent risk of heavy rainfall, the best thing you can do is get insurance for your home.

Get homeowners insurance for your home in Michigan today

At Signature Insurance we want to help you understand your insurance coverage options so you make the best decision. Contact us at (248) 955-9095 and we’ll be happy to get quotes for you from many of the top home insurance companies in Troy, Michigan.

Contact us at (248) 955-9095 and we’ll be happy to get quotes for you from many of the top
home insurance companies in Troy, Michigan.

Get the best rates from these insurance companies