Home Insurance Quotes in 48302

Are you shopping for a cheaper homeowners insurance rate in 48302? Our rates are very competitive for homeowners living in Bloomfield Hills, MI. Many homeowners located in the 48302 zip code 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 online quoting process is free to use 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. If you are unsure which policy is best for you, then please contact us so we can help you understand what coverage package you need to protect your home in 48302. To get free 48302 home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 48302 zip code should appear in the zip code field ready to go. Shopping Bloomfield Hills, MI Homeowners Insurance Rates is easy, just click, complete your online quoting application for the property address located in 48302 to review the best rate coverages.

Your 48302 Home Insurance Costs Is Rated: Medium!

For the great city of Bloomfield Hills, the average home insurance premium paid annually is around $615 for a standard HO-3 homeowners policy. It's important to know that you may need additional coverage like flood or earthquake insurance to cover your home. Most basic home insurance policies do not provide enough coverage to provide the risk and protection you need. Our Michigan specific quoting application process is designed to meet the needs of the homeowner and we can provide the most competitive rates with enhanced coverage options. If you live in Bloomfield Hills and need insurance on your home in the 48302 zip code, then it is important to use our service and easily discover more affordable homeowners insurance rates.

Get 48302 Homeowners Insurance Rates Now!

Average Building Cost Per Square Foot in 48302: $132

Average Square Footage in 48302: 4,102 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48302 before you start any project. Bloomfield Hills 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 48302 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 48302 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 4,102 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 Bloomfield Hills 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.

It's important to understand that when you estimate your replacement cost of your home in the 48302 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.

Capital Insurance Group

Falvay-Counihan Insurance Company

Bloomfield Hills Insurance Agency

Capital Insurance Group

Ross Bob J

Ross- Robert J - State Farm Insurance Agent

Household Data for 48302

The average number of homes in 48302 is around 6,414, there are an average of 2.67 per household. The average house value according to local real estate values is around $541,500. Please review the following demographics below for average income and media age.

• Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

  According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

• Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

  As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

• Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

  Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]