Less than an hour outside of Detroit, Brighton, MI is a growing suburb with a charm all its own. With great access to jobs in the western suburbs and the country alike, Brighton still has an affordable small-town feel. It’s Michigan’s good life at its finest. To own and enjoy a home here is to insure a home here, and thankfully Brighton home insurance is more affordable than in many other parts of the metro area. But you have to shop around to get the best deal. Your Independent Insurance Agent will help you navigate the options and find the policy you need to cover your risks so that you can enjoy the good life worry-free. By obtaining multiple quotes from many different companies, your agent will get you the coverage you need at the most affordable price.
The relatively low rates for good homeowners insurance aren’t just a feature of Brighton but of Michigan as a whole. On average homeowners spend $1,034 per year on insurance premiums, but in Michigan, the average is only $802. This ranks the state 37th overall, which is very low. A mild climate with few natural disasters is the main reason for the low cost. Many considerations go into determining the cost of insuring your home, however, including the following:
- Home's age and type of construction: Wooden homes are more likely to suffer damage, and older homes are more likely to have electrical fires.
- Home’s location: How likely are disasters? Crime?
- Claims history: More claims will make your cost higher.
- Risk factors on the property: Swimming pools and trampolines figure prominently in the cost.
- Credit score: A low credit score makes you a high risk.
That’s why shopping around for the right insurance for your home and your lifestyle is so critical to finding the right insurance for you.
Brighton Second Home and Vacation Home Insurance
There are some second homes in Brighton, usually kept by business owners who need access to the city without the hassle. Generally, it costs a bit more to insure a second home because no one is there to watch it all the time. For that reason, many owners of second homes opt to have lower coverage. This is a risky thing to do and doesn’t always save you money in the long run. It’s always best to insure a second home with the same coverage as a primary residence. There are ways you can do this and keep your costs low. A security system helps to keep the cost low and to protect you against losses whether you have your home fully insured or not. If you work with your insurance agency, they can suggest policy options suitable for your home.
Number of Thefts in Michigan
While home insurance is typically lower in Michigan than other states, there are a few things that bring the cost up. The most important is home break-ins, which are a bit more common than average – as shown in this data from recent years:
- Across the U.S. an average state had 37,814 burglaries.
- Michigan reported 56,344 thefts from homes.
Any homeowners policy will cover damage to the home from break-in, as well as cover damage to any other property that is considered part of the house. You can also choose to cover the contents of your home at replacement value or at current value, depending on your needs. It is best to get a quote for every option so that you can decide what you can afford.
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Number of Catastrophes in Michigan
Michigan has one of the lowest rates of widespread damage from catastrophes. Storms are relatively rare and earthquakes are unheard of. But even a small number of events can cause a lot of damage:
- In recent years, 301 catastrophes were reported.
- There were nine tornadoes included in this total.
- Catastrophes in Michigan caused $1.8 billion in damage that year.
- 1 in 15 insured homes has a claim every year.
The right insurance policy will protect you from damage caused by storms. Even though they are rare in this climate, when they do strike, you have to be ready. A good insurance policy makes all the difference when it’s time to clean up and put your home back together.
What Are the Risks in Brighton?
While the risks are relatively low and home insurance is comparably less expensive than in many places, the liability you take on simply by owning a home is large. For example, if you have a trampoline, you also have an “attractive nuisance” that may cause injuries to visitors. Even if someone is not an invited guest on your property, they can still sue you for any injuries they incur at your home. You need to be covered for a wide variety of potential risks, some of which you may not even be aware of.
Compare Brighton Home Insurance Quotes
Talk to your Independent Agent to find the best homeowners insurance that fits your home, your lifestyle and your wallet. With their extensive knowledge of the companies that cover homes in Brighton, they will find the quote that works for you at a price you can afford.