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48120 Homeowners Insurance Quotes & Coverage Options

For homeowners like you shopping online for home insurance quotes in the 48120 zip code it's important to know that our rates are very competitive for homeowners living in Dearborn, MI. Many homeowners based out of your 48120 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Michigan licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 48120 should appear in the zip code field ready to go. For Dearborn, MI Homeowners Insurance Quotes nearby, we offer the best rates and service.

48120: Average Home Insurance Rates

For homeowners living in the great city of Dearborn, the average homeowners policy is considered medium in comparison to other states. Michigan premiums are estimated to be around $807 per year for homeowners insurance rates. You can easily save up to 40% or more, let us help you shop multiple home insurance quotes for free.

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48120 Home Insurance Average Premiums

Local 48120 homeowners insurance quotes comparison

$557 /yr.

Shows Zip Code: 48120 lowest rates with discounts applied on average.

For the 48120, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$557 /yr.
Average Coverage:$807 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1107 /yr.

What is the average home insurance cost for a home in 48120?

  • • The average homeowners insurance premium paid annually for a home in 48120 is around $807 per year.

What does it cost on average per month for home insurance in 48120?

  • • Homeowners in 48120 pay a monthly average cost per month around $67.00.

What kind of discount could I get if I combine my home and auto insurance together in 48120?

  • • Autoowners in 48120 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

You can easily shop and compare home insurance rates within Dearborn, check out other zip codes nearby 48120.
To review average rates in another zip code, click on a zip code below:
48126  |  48120  |  48128  |  48124  | 

Home Replacement Cost Coverage in 48120

Average Building Cost Per Square Foot in 48120: $132

Location: Dearborn, Michigan (Wayne County)

Average Square Footage in 48120: 1,537 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48120 before you start any project. Dearborn homeowners pay on average around $132 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 48120 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 48120 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,537 sq. ft. and the average cost to rebuild the home in this area is around $132 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Dearborn area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1321,537$202,900
Additional Upgrades & Added Features$1651,537$253,625
Major Home Updates or Advancements$1981,537$304,350

It's important to understand that when you estimate your replacement cost of your home in the 48120 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 48120

Best Home & Auto Insurance Agencies in 48120

Farmers Insurance

Address: Dearborn Heights Dearborn, MI 48120
Phone:
Website:
Info:

Housing Demographics for 48120

Population Review for 48120 Zip Code

For the city of Dearborn, the population within 48120 has increased to over 8,089 residents in population size. The current population total is 8,338. We have broken down the population based on race below. In 48120, there are over 4258 in male population and 4080 females.

PopulationValues
Total Population8,338
White Population6463
Black Population669
Hispanic Population139
Asian Population623
Hawaiian Population0
Indian Population9
Other Population116
Male Population4258
Female Population4080
Population Estimate8089

Household Data for 48120

The average number of homes in 48120 is around 2,668, there are an average of 3.07 per household. The average house value according to local real estate values is around $202,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,668
Persons Per Household3.07
Average House Value$202,900
Income Per Household$56025
Median Age29.2
Median Age Male28.6
Median Age Female29.9
48120 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code313
CityDearborn
City Alias NameDEARBORN
CountyWayne
County FIPS163
State FIPS26
Time Zone5
Day Light SavingY
MSA2162
PMSA2160
CSA220
CBSA19820
CBSA_DIV19804
CBSA_TypeMetro
CBSA_NameDetroit-Warren-Dearborn, MI
MSA_NameDetroit-Ann Arbor-Flint, MI CMSA
PMSA_NameDetroit, MI PMSA
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses281
Number Of Employees10826
Business First Quarter Payroll207378
Business Annual Payroll712149
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population4296250
CBSA Division Population1820584
Congressional District12
Congressional LandArea403.21
Delivery Residential2635
Delivery Business258
Delivery Total3546
Preferred Last Line KeyY11725
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameDetroit-Dearborn-Livonia, MI
City State KeyY11725
Land Area4.700000
Water Area0.160000
City Alias Code
City Mixed CaseDearborn
City Alias Mixed CaseDearborn
Box Count0
SFDU1685
MFDU804
State ANSI26
County ANSI163
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number252400
Unique ZIP Name
SSA State County Code23810
Medicare CBSA Code19804
Medicare CBSA NameDetroit-Dearborn-Livonia, MI
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseWayne

Michigan Homeowners Insurance News & Information

  • How can I lower my homeowners insurance rate? Posted on Monday 18th August, 2025

    According to a recent report from the National Association of Realtors, homeowner insurance premiums have jumped up 10% since last year which follows a similar increase in 2023. Premium increases were even higher in states where severe weather and wildfires were more common.  In a recent AOL.com article, Paul Burns commented on how he had […]

  • 5 Perils Not Covered by Homeowners Insurance Posted on Tuesday 29th July, 2025

    Homeowners insurance is an absolute necessity to protect your home and its contents. If you have a mortgage on your home, it is also required. While homeowners insurance offers plenty of protection, there are gaps in coverage that you should be aware of because they can lead to massive out of pocket costs if you […]

  • Compare 2025 Homeowners Insurance Rates in Every State Posted on Thursday 24th July, 2025

    According to a recent study by Insurify, homeowners in every state will be paying more for insurance coverage by the end of the year.  The study found that climate change fueled natural disaster are the main cause of ever-increasing homeowner premiums. Wildfires out west, hailstorms in the Midwest and hurricanes and flooding in the South […]