Get multiple home insurance quotes in 48178. Our licensed 48178, MI agents are ready to serve you.

Compare 48178 Home Insurance Rates

Are you looking to easily compare home insurance prices online for your home in the 48178 area? The average homeowners premium in Michigan for a standard homeowners policy is around $731/yr., paid annually through your mortgage provider if your home is not currently paid in full. A standard policy for your home is referred to as an HO-3 policy which is the most common homeowners policy. This type of policy covers all perils, but will exclude certain major perils like flood and earthquake damage. The exceptions are listed on your current policy so it is important to know what type of coverage you currently have so you can compare the best home insurance rates, companies and policy protection. In the 48178 zip code, the population size is around 36,858 with 13,750 currently occupied homeowners. Our online quoting process helps make it easy for you to shop and compare the best home insurance rates for your home in 48178.

Please give us a call now at 1-855-976-2656, and easily get up to 12 rates over the phone in minutes. Easily shop the best rates for South Lyon, MI Homeowners Insurance. Compare companies, quotes, coverages and more.

Avg. MI RateDiscountsSavingsShop Rates
$1,002up to 40% off$401

48178 Home Insurance Average Premiums

Local 48178 homeowners insurance quotes comparison

$481 /yr.

Shows Zip Code: 48178 lowest rates with discounts applied on average.

For the 48178, 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)
$481 /yr.
Average Coverage:$731 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1031 /yr.

What is the average home insurance cost for a home in 48178?

  • • The average homeowners insurance premium paid annually for a home in 48178 is around $731 per year.

What does it cost on average per month for home insurance in 48178?

  • • Homeowners in 48178 pay a monthly average cost per month around $61.00.

What kind of discount could I get if I combine my home and auto insurance together in 48178?

  • • Autoowners in 48178 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 South Lyon area, check out other zip codes nearby 48178.
Review average rates in another zip code:
48178 homeowners insurance rates

Home Replacement Cost Coverage in 48178

Average Building Cost Per Square Foot in 48178: $132

Location: South Lyon, Michigan (Oakland County)

Average Square Footage in 48178: 2,436 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48178 before you start any project. South Lyon 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 48178 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 48178 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,436 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 South Lyon 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$1322,436$321,600
Additional Upgrades & Added Features$1652,436$402,000
Major Home Updates or Advancements$1982,436$482,400

It's important to understand that when you estimate your replacement cost of your home in the 48178 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 48178

Best Home & Auto Insurance Agencies in 48178

Lewandowski- Matthew E

Address: 121 E Lake St South Lyon, MI 48178
Phone:
Website:
Info:

State Farm Insurance

Address: 22454 Pontiac Trl South Lyon, MI 48178
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

Housing Demographics for 48178

Population Review for 48178 Zip Code

For the city of South Lyon, the population within 48178 has increased to over 40,183 residents in population size. The current population total is 36,858. We have broken down the population based on race below. In 48178, there are over 18074 in male population and 18784 females.

PopulationValues
Total Population36,858
White Population32534
Black Population437
Hispanic Population1157
Asian Population1353
Hawaiian Population3
Indian Population101
Other Population277
Male Population18074
Female Population18784
Population Estimate40183

Household Data for 48178

The average number of homes in 48178 is around 13,750, there are an average of 2.67 per household. The average house value according to local real estate values is around $321,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode13,750
Persons Per Household2.67
Average House Value$321,600
Income Per Household$117342
Median Age41.6
Median Age Male40.6
Median Age Female42.5
48178 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code248/947
CitySouth Lyon
City Alias NameSOUTH LYON
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 Businesses606
Number Of Employees4245
Business First Quarter Payroll40778
Business Annual Payroll184941
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 District06|07
Congressional LandArea3546.74|4227.73
Delivery Residential15050
Delivery Business423
Delivery Total15755
Preferred Last Line KeyY12806
Classification Code
Multi-CountyY
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12806
Land Area47.960000
Water Area1.739000
City Alias Code
City Mixed CaseSouth Lyon
City Alias Mixed CaseSouth Lyon
Box Count141
SFDU10953
MFDU415
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number258820
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 […]