Southfield Homeowners Insurance

Find the right homeowners insurance policy for you.

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.


Much more than a suburb of Detroit, Southfield, MI, the “Golden Triangle,” has a thriving economy that brings more people to the city all the time. Home to Lawrence Technological University and many other schools, it’s also a developing high-tech center. The weather is mild and the amenities of the metro area make for a good life. If you own a home in Southfield, home insurance is a must. It’s important to protect your investment from unforeseen circumstances. Your Independent Insurance Agent is there to help you find the insurance that fits your home and your budget. Since our agents aren’t tied to one company, they will get you multiple quotes so you can find the insurance that is right for your lifestyle at the lowest cost.

Homeowners insurance is very affordable in Southfield. Across the United States, homeowners spend on average $1,034 per year on home insurance premiums, but in Michigan, the average is only $802. This ranks the state 37th overall, near the bottom. The lack of severe weather and other disasters are the main reasons. Every homeowners insurance policy is as unique as the home that it covers, as there are many factors that go into determining your premium:

  • 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 premium more expensive.
  • Risk factors on the property - Swimming pools and trampolines figure prominently as risk factors.
  • Credit score - a low credit score makes you a high risk.

It’s important to check with your agent to find the insurance that best fits your home and situation. There may be many things that you can do to keep your insurance cost low as well.


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Southfield Second Home and Vacation Home Insurance

While rather rare in Southfield, maintaining a home for business reasons is one reason some people have a second home here. It’s common to insure a second home for less coverage than a primary home in order to save money, usually by not insuring the contents fully. If you opt to do this, you are taking on the risk yourself if something happens. Generally, it costs a bit more to insure a second home because no one is there to watch it all the time. A security system helps keep the cost low and protects you against any loss whether you have your home fully insured or you are taking on the liability on your own.

Number of Thefts in Michigan

Home theft rates are a bit higher in Michigan – one factor that drives up the cost of insurance. The statistics from recent years tell the story:

  • Across the U.S., an average state had 37,814 burglaries.
  • Michigan reported 56,344 thefts from homes.

Typically, your homeowners insurance pays for all costs resulting from burglary damage even if your home’s contents are not insured. You can cover the valuables in your home at either the current value, which depreciates with time or at full replacement cost. The latter is a bit more expensive, but if you do experience a theft from your home, you recover much quicker and enjoy the same life you had before the break-in.


Save on Home Insurance

Our independent agents shop around to find you the best coverage.

Number of Catastrophes in Michigan

With no reported earthquakes and very few storms, Michigan has one of the lowest rates of widespread damage from catastrophes. In recent years:

  • 301 catastrophes were reported.
  • 9 tornadoes are included in this total.
  • Despite being rare, catastrophes caused $1.8 billion in damage.
  • 1 in 15 insured homes has a claim every year.

Although Michigan has very mild weather, you still want to have the right insurance in the rare case a thunderstorm or tornado strikes. Even with few catastrophes, the total losses in Michigan show how much damage is caused by even a small number of storms. It’s important to protect your home in Southfield no matter what might happen.

What Are the Risks in Southfield?

While the risks are relatively low and home insurance is comparably less expensive than in many places, every home in Southfield has some liability. For example, the many trees that line the nicest blocks can be a hazard if they fall and injure someone. You have to be ready for all kinds of risk, which is why homeowners insurance is so important.

Compare Southfield Home Insurance Quotes

Homeowners insurance is not particularly complicated, but you need to have the best insurance for your home. It’s also important to know what you can do to keep your costs low, such as keeping your home in the best condition possible. For all these concerns and more, talk to your Independent Agent today. Agents live right here in Southfield and know the risks associated with your home, and they will get you the quote for a policy that fits your needs.

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