At the outer edges of the greater Lansing area, Okemos and Meridian Township are great places to live in. With easy access to the capitol and Michigan State, Okemos is still out in the great Michigan countryside, where the quiet rural life is yours to enjoy. In many ways, it’s the best of both worlds. Owning a piece of the good life with a home in Okemos, MI goes along with insuring a home. While the choices you have to make aren’t too daunting, finding the right insurance for your lifestyle, home and budget can be trickier than you think.
That’s where an Independent Insurance Agent comes in. Your agent will help you understand your insurance needs and then find multiple quotes from different companies to be sure you have the lowest cost Okemos home insurance that is affordable with your budget. With relatively mild weather and few storms, Okemos home insurance is very reasonable. Some statistics from recent years show just how affordable it is:
- The national average was $1,034 for home insurance.
- In Michigan, the average was only $802.
- For homeowners insurance, Michigan ranks 37th, among the cheapest in the nation
Insuring your home is based on a lot of factors beyond simply location, however. A larger house is more expensive simply because it costs more to replace in the event of a catastrophe. A newer home in good condition is also cheaper because of modern electrical and plumbing codes. It’s always worth your time to shop around for the best insurance for your home and your wallet.
Second Home and Vacation Home Insurance
Second homes are rare around Okemos, and the draw of the capitol and the university has created a need for part-time lodging near Lansing. If you are insuring a second home, it’s usually best to insure it to the same coverage level as your primary residence. The risks are largely the same, and it’s important to be protected. Second homes often have higher rates of theft because no one is there to check up on the home every day. For this reason, many homeowners choose not to insure the contents on a second home, taking on the risk themselves. You can reduce this risk by having a security system or by living in a building that has security built into it, lowering the cost of your homeowners insurance substantially.
Number of Thefts in Michigan
Burglaries are a problem in Michigan, which does drive up home insurance costs somewhat. In recent years these were the figures:
- Nationally, an average state had 37,814 break-ins.
- In Michigan, there were 56,344.
Homeowners insurance always covers any damage to your house from a burglary. You can also cover the contents of your home, however, and you can choose a policy that includes the replacement cost of all items so that you can recover more quickly from theft. The choice is entirely yours based on the needs of your lifestyle.
Number of Catastrophes in Michigan
Michigan boasts some of the mildest weather in the nation – and no other sources of disaster like earthquakes to worry about:
- There were 301 official catastrophes or incidents of widespread loss.
- There were only nine tornadoes reported.
- Even with this low rate, catastrophes caused $1.8 billion in damage.
- 1 in 15 insured homes has a claim every year.
Storms are rare, but they do happen. The amount of damage even from the relatively low number of storms in central Michigan shows how expensive they can be. It’s important to not just have the cheapest insurance you can find but instead to get your coverage from a company that is locally based and can pay out quickly when you need it the most.
What Are the Risks in Okemos?
Your homeowners insurance protects you against a wide variety of risks and liabilities that you may not even be aware of. For example, if you have a trampoline, it’s more than a backyard accessory – it can be an “attractive nuisance,” which can cause an injury. Even someone you didn’t invite to your home can sue you due to being injured in your yard. Flood insurance is also handled completely separately from other homeowners insurance because of a complicated web of government requirements and subsidies. If you live near a bubbling creek or other low ground, you have to get flood insurance separately.
Compare Okemos Home Insurance Quotes
Reach out to your Independent Insurance Agent today to learn more about the homeowners insurance that best fits your lifestyle and budget. Your agent will help you do what you can to lower your cost and help you find the best insurance coverage by scouring many different companies for the most affordable homeowners policy that meets your needs.