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Home Insurance Quotes in 48083

Are you shopping for a cheaper homeowners insurance rate in 48083? Our rates are very competitive for homeowners living in Troy, MI. Many homeowners located in the 48083 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 48083. To get free 48083 home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 48083 zip code should appear in the zip code field ready to go. Shopping Troy, MI Homeowners Insurance Rates is easy, just click, complete your online quoting application for the property address located in 48083 to review the best rate coverages.

Your 48083 Home Insurance Costs Is Rated: Medium!

For the great city of Troy, the average home insurance premium paid annually is around $701 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 Troy and need insurance on your home in the 48083 zip code, then it is important to use our service and easily discover more affordable homeowners insurance rates.

Get 48083 Homeowners Insurance Rates Now!

48083 Home Insurance Average Premiums

Local 48083 homeowners insurance quotes comparison

$451 /yr.

Shows Zip Code: 48083 lowest rates with discounts applied on average.

For the 48083, 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)
$451 /yr.
Average Coverage:$701 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1001 /yr.

What is the average home insurance cost for a home in 48083?

  • • The average homeowners insurance premium paid annually for a home in 48083 is around $701 per year.

What does it cost on average per month for home insurance in 48083?

  • • Homeowners in 48083 pay a monthly average cost per month around $58.00.

What kind of discount could I get if I combine my home and auto insurance together in 48083?

  • • Autoowners in 48083 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 Troy area, check out other zip codes nearby 48083.
Review average rates in another zip code:
48083 homeowners insurance rates
48098 homeowners insurance rates
48084 homeowners insurance rates
48085 homeowners insurance rates

Home Replacement Cost Coverage in 48083

Average Building Cost Per Square Foot in 48083: $132

Location: Troy, Michigan (Oakland County)

Average Square Footage in 48083: 1,870 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48083 before you start any project. Troy 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 48083 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 48083 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,870 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 Troy 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$1321,870$246,900
Additional Upgrades & Added Features$1651,870$308,625
Major Home Updates or Advancements$1981,870$370,350

It's important to understand that when you estimate your replacement cost of your home in the 48083 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 48083

Johnston Lewis Associates

Address: 575 W Maple Rd Clawson, MI 48083
Phone: (248)435-7000
Website:

Best Home & Auto Insurance Agencies in 48083

Schumaker- Scott N - State Farm Insurance Agent

Address: 217 E Maple Rd Troy, MI 48083
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

Jerry L Abston Ins Agency Inc - State Farm Insurance Agent

Address: 189 E Big Beaver Rd, Ste 102 Troy, MI 48083
Phone:
Website: http://www.statefarm.mqgroup.com/url.asp?usr=227104
Info:

Allstate Insurance Companies

Address: 1709 Livernois Rd Troy, MI 48083
Phone:
Website:
Info:

Allstate Insurance Company - Martin Knollenberg

Address: 198 E Big Beaver Rd Troy, MI 48083
Phone:
Website: http://www.allstateagencies.com/078822?cid=OTC-YP.com-IYP&att=TL
Info:

Allstate Insurance Company - Mark Smith

Address: 3622 Rochester Rd Troy, MI 48083
Phone:
Website: http://www.allstateagencies.com/006172?cid=OTC-YP.com-IYP&att=TL
Info:

Housing Demographics for 48083

Population Review for 48083 Zip Code

For the city of Troy, the population within 48083 has increased to over 25,073 residents in population size. The current population total is 24,074. We have broken down the population based on race below. In 48083, there are over 11913 in male population and 12161 females.

PopulationValues
Total Population24,074
White Population15418
Black Population1297
Hispanic Population1022
Asian Population5598
Hawaiian Population0
Indian Population36
Other Population401
Male Population11913
Female Population12161
Population Estimate25073

Household Data for 48083

The average number of homes in 48083 is around 9,747, there are an average of 2.45 per household. The average house value according to local real estate values is around $246,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode9,747
Persons Per Household2.45
Average House Value$246,900
Income Per Household$80222
Median Age40.6
Median Age Male38.9
Median Age Female42.5
48083 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code248/947
CityTroy
City Alias NameTROY
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 Businesses1750
Number Of Employees37504
Business First Quarter Payroll596651
Business Annual Payroll2489889
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 District11
Congressional LandArea419.26
Delivery Residential10234
Delivery Business2038
Delivery Total12511
Preferred Last Line KeyY12991
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12991
Land Area8.615000
Water Area0.000000
City Alias Code
City Mixed CaseTroy
City Alias Mixed CaseTroy
Box Count0
SFDU6724
MFDU1550
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number259380
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 […]