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Home Insurance in 48118

If your primary reason for shopping for homeowners insurance in the 48118 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 Chelsea, MI. Many homeowners that live in the 48118 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 48118 zip code should already appear in the zip code field ready to go. For Chelsea, MI Homeowners Insurance Quotes, Click to easily get started!

Average Homeowners Premiums in 48118

Homeowners living in the city of Chelsea are paying on average around $669 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 48118 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 48118 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 48118 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 Chelsea. It is possible to pay a lower premium and get more enhanced coverage. Let us help you shop your home insurance premiums today!

48118 Home Insurance Average Premiums

Local 48118 homeowners insurance quotes comparison

$419 /yr.

Shows Zip Code: 48118 lowest rates with discounts applied on average.

For the 48118, 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)
$419 /yr.
Average Coverage:$669 /yr.
2600 sq. ft. or higher
(all discounts applied)
$969 /yr.

What is the average home insurance cost for a home in 48118?

  • • The average homeowners insurance premium paid annually for a home in 48118 is around $669 per year.

What does it cost on average per month for home insurance in 48118?

  • • Homeowners in 48118 pay a monthly average cost per month around $56.00.

What kind of discount could I get if I combine my home and auto insurance together in 48118?

  • • Autoowners in 48118 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 Chelsea area, check out other zip codes nearby 48118.
Review average rates in another zip code:
48118 homeowners insurance rates

Home Replacement Cost Coverage in 48118

Average Building Cost Per Square Foot in 48118: $132

Location: Chelsea, Michigan (Washtenaw County)

Average Square Footage in 48118: 2,230 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48118 before you start any project. Chelsea 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 48118 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 48118 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,230 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 Chelsea 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$1322,230$294,300
Additional Upgrades & Added Features$1652,230$367,875
Major Home Updates or Advancements$1982,230$441,450

It's important to understand that when you estimate your replacement cost of your home in the 48118 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 48118

Best Home & Auto Insurance Agencies in 48118

Ballagh Jr- William A

Address: 102 E Middle St Chelsea, MI 48118
Phone:
Website:
Info:

Springer Agency Inc

Address: 115 Park St, #2 Chelsea, MI 48118
Phone:
Website: http://www.springeragency.com
Info:

Housing Demographics for 48118

Population Review for 48118 Zip Code

For the city of Chelsea, the population within 48118 has increased to over 14,053 residents in population size. The current population total is 13,309. We have broken down the population based on race below. In 48118, there are over 6506 in male population and 6803 females.

PopulationValues
Total Population13,309
White Population12068
Black Population166
Hispanic Population367
Asian Population200
Hawaiian Population0
Indian Population33
Other Population81
Male Population6506
Female Population6803
Population Estimate14053

Household Data for 48118

The average number of homes in 48118 is around 5,213, there are an average of 2.45 per household. The average house value according to local real estate values is around $294,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode5,213
Persons Per Household2.45
Average House Value$294,300
Income Per Household$85731
Median Age47.7
Median Age Male45.6
Median Age Female50.0
48118 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code734
CityChelsea
City Alias NameCHELSEA
CountyWashtenaw
County FIPS161
State FIPS26
Time Zone5
Day Light SavingY
MSA2162
PMSA0440
CSA220
CBSA11460
CBSA_DIV
CBSA_TypeMetro
CBSA_NameAnn Arbor, MI
MSA_NameDetroit-Ann Arbor-Flint, MI CMSA
PMSA_NameAnn Arbor, MI PMSA
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses345
Number Of Employees5640
Business First Quarter Payroll60437
Business Annual Payroll282118
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population344791
CBSA Division Population0
Congressional District05|06
Congressional LandArea2348.7|3546.74
Delivery Residential5736
Delivery Business404
Delivery Total7252
Preferred Last Line KeyY11624
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_Name
City State KeyY11624
Land Area86.245000
Water Area4.191000
City Alias Code
City Mixed CaseChelsea
City Alias Mixed CaseChelsea
Box Count140
SFDU4680
MFDU397
State ANSI26
County ANSI161
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number251830
Unique ZIP Name
SSA State County Code23800
Medicare CBSA Code11460
Medicare CBSA NameAnn Arbor, MI
Medicare CBSA TypeMetro
Market Rating Area ID4
County Mixed CaseWashtenaw

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 […]