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Home Insurance in 48034

If your primary reason for shopping for homeowners insurance in the 48034 zip code is based primarily on the rising cost of your home insurance premium. Then, it's imporant to know that our rates are very competitive for homeowners living in Southfield, MI. Many homeowners that live in the 48034 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase up to 12 carriers that we will shop for you. Plus, our home insurance quotes are free and our Michigan licensed agents can also provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free homeowners insurance quote, simply click the "Get Multiple Quotes Now" button at the top. Your 48034 zip code should already appear in the zip code field ready to go. For Southfield, MI Homeowners Insurance Quotes, Click to easily get started!

Average Homeowners Premiums in 48034

Homeowners living in the city of Southfield are paying on average around $786 per year for homeowners insurance coverage. This estimated premium is based on a standard HO-3 policy which covers the basic requirements if your home was ever damaged. This is also a minimum requirement by mortgage lenders if there is a lien on your home. A basic policy will cover your home, contents, loss of use, liability and medical payments. It's important to know that homes in the 48034 zip code with a standard homeowners policy does not cover flood damage. You will need to purchase a seperate flood policy to add this additional coverage. Michigan home insurance premiums have been recently ranked 36 in the country in terms of the annual cost of premiums. Because premiums in 48034 are lower compared to other states it is always a good idea to shop your home insurance coverage. Our online quoting application can easily help you compare the best rates and coverage options.

Easily Compare 48034 Home Insurance Quotes Now!

We enjoy helping you do two very important things: First, we like to help you save more money per year on your homeowners insurance. Second, we like to help you learn about the best coverage options for your home in Southfield. It is possible to pay a lower premium and get more enhanced coverage. Let us help you shop your home insurance premiums today!

48034 Home Insurance Average Premiums

Local 48034 homeowners insurance quotes comparison

$536 /yr.

Shows Zip Code: 48034 lowest rates with discounts applied on average.

For the 48034, 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)
$536 /yr.
Average Coverage:$786 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1086 /yr.

What is the average home insurance cost for a home in 48034?

  • • The average homeowners insurance premium paid annually for a home in 48034 is around $786 per year.

What does it cost on average per month for home insurance in 48034?

  • • Homeowners in 48034 pay a monthly average cost per month around $66.00.

What kind of discount could I get if I combine my home and auto insurance together in 48034?

  • • Autoowners in 48034 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.

For shopping home insurance rates within the Southfield area, check out other zip codes nearby 48034.
Review average rates in another zip code:
48076 homeowners insurance rates
48033 homeowners insurance rates
48034 homeowners insurance rates
48075 homeowners insurance rates

Home Replacement Cost Coverage in 48034

Average Building Cost Per Square Foot in 48034: $132

Location: Southfield, Michigan (Oakland County)

Average Square Footage in 48034: 1,747 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48034 before you start any project. Southfield 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 48034 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 48034 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,747 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 Southfield 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$1321,747$230,600
Additional Upgrades & Added Features$1651,747$288,250
Major Home Updates or Advancements$1981,747$345,900

It's important to understand that when you estimate your replacement cost of your home in the 48034 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 48034

Acordia Of Michigan Inc

Address: 400 Galleria Officecentre Southfield, MI 48034
Phone: (248)353-5800
Website: www.acordia.com

Best Home & Auto Insurance Agencies in 48034

Jennifer R Troy - Allstate Agent

Address: 26645 W 12 Mile Rd, Ste 100 Southfield, MI 48034
Phone:
Website: http://www.allstateagencies.com/JenniferTroy/Welcome/
Info:

Nette & Associates Inc

Address: 29777 Telegraph Rd, #1630 Southfield, MI 48034
Phone:
Website: http://www.alliedinsurance.com
Info:

Brown- Brenda M - State Farm Insurance Agent

Address: 26561 W 12 Mile Rd, #203 Southfield, MI 48034
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Nationwide Sales Solutions Inc - Nationwide Insurance

Address: 28589 Northwestern Hwy, Ste 5 Southfield, MI 48034
Phone:
Website: http://www.nationwide.com/agent/Southfield-MICHIGAN-insurance-agent/oyscmi-novi/office.html
Info:

Acordia Of Michigan Inc

Address: 400 Galleria Officentre Southfield, MI 48034
Phone:
Website: http://www.acordia.com
Info:

Housing Demographics for 48034

Population Review for 48034 Zip Code

For the city of Southfield, the population within 48034 has increased to over 14,059 residents in population size. The current population total is 14,480. We have broken down the population based on race below. In 48034, there are over 6269 in male population and 8211 females.

PopulationValues
Total Population14,480
White Population2732
Black Population10293
Hispanic Population307
Asian Population687
Hawaiian Population3
Indian Population24
Other Population210
Male Population6269
Female Population8211
Population Estimate14059

Household Data for 48034

The average number of homes in 48034 is around 7,845, there are an average of 1.84 per household. The average house value according to local real estate values is around $230,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode7,845
Persons Per Household1.84
Average House Value$230,600
Income Per Household$52749
Median Age43.1
Median Age Male37.0
Median Age Female47.5
48034 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code248/313/947/734/810/586
CitySouthfield
City Alias NameSOUTHFIELD
CountyOakland
County FIPS125
State FIPS26
Time Zone5
Day Light SavingY
MSA2162
PMSA2160
CSA220
CBSA19820
CBSA_DIV47664
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 Businesses949
Number Of Employees29722
Business First Quarter Payroll623901
Business Annual Payroll2395771
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 Population2475666
Congressional District12
Congressional LandArea403.21
Delivery Residential7641
Delivery Business868
Delivery Total10501
Preferred Last Line KeyY12813
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12813
Land Area4.299000
Water Area0.000000
City Alias Code
City Mixed CaseSouthfield
City Alias Mixed CaseSouthfield
Box Count0
SFDU1740
MFDU4835
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number258805
Unique ZIP Name
SSA State County Code23620
Medicare CBSA Code47664
Medicare CBSA NameWarren-Troy-Farmington Hills, MI
Medicare CBSA TypeMetro
Market Rating Area ID2
County Mixed CaseOakland

Michigan Homeowners Insurance News & Information

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]