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Home Insurance Rates in 48205

For homeowners shopping online in 48205, our insurance rates are very competitive for homeowners living in Detroit, MI. Many homeowners based out of the great city of Detroit have found it very easy to shop with GetHomeInsuranceQuotes.com. The reason is because we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Michigan licensed agents can provide a free consultation service to you that allows you to ask questions about which rates and coverage options are best suited for you and your family. To get free home insurance quotes in 48205, simply click the "Get Multiple Quotes Now" button. Your 48205 should appear in the zip code field ready to go. We only need some basic home information to start running multiple quotes for you. Detroit, MI Home Insurance Rate Quotes are available for you, we easily review and compare multiple coverage and rate options.

48205 Home Insurance Rating is: Medium!

If you live in 48205, you can easily save up to 40% off the average home insurance premium of $751 a year by letting us help you compare the best rate and coverage option for your home. We can compare up to 12 major top rated home insurance companies all at once. We also will do a professional analysis to determine which coverage is best suited to cover the risk that you need. Home insurance in Detroit can come in a variety of different packages, it's important to understand which homeowners policy is best. Let us help you compare home insurance rates in 48205 today!

Get Multiple Home Insurance Rates in 48205!

48205 Home Insurance Average Premiums

Local 48205 homeowners insurance quotes comparison

$501 /yr.

Shows Zip Code: 48205 lowest rates with discounts applied on average.

For the 48205, 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)
$501 /yr.
Average Coverage:$751 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1051 /yr.

What is the average home insurance cost for a home in 48205?

  • • The average homeowners insurance premium paid annually for a home in 48205 is around $751 per year.

What does it cost on average per month for home insurance in 48205?

  • • Homeowners in 48205 pay a monthly average cost per month around $63.00.

What kind of discount could I get if I combine my home and auto insurance together in 48205?

  • • Autoowners in 48205 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 Detroit area, check out other zip codes nearby 48205.
Review average rates in another zip code:
48221 homeowners insurance rates
48206 homeowners insurance rates
48238 homeowners insurance rates
48228 homeowners insurance rates
48235 homeowners insurance rates
48205 homeowners insurance rates
48216 homeowners insurance rates
48217 homeowners insurance rates
48210 homeowners insurance rates
48201 homeowners insurance rates

Home Replacement Cost Coverage in 48205

Average Building Cost Per Square Foot in 48205: $132

Location: Detroit, Michigan (Wayne County)

Average Square Footage in 48205: 264 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48205 before you start any project. Detroit 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 48205 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 48205 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 264 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 Detroit 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$132264$34,800
Additional Upgrades & Added Features$165264$43,500
Major Home Updates or Advancements$198264$52,200

It's important to understand that when you estimate your replacement cost of your home in the 48205 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 48205

Best Home & Auto Insurance Agencies in 48205

Housing Demographics for 48205

Population Review for 48205 Zip Code

For the city of Detroit, the population within 48205 has increased to over 35,976 residents in population size. The current population total is 34,056. We have broken down the population based on race below. In 48205, there are over 16076 in male population and 17980 females.

PopulationValues
Total Population34,056
White Population1200
Black Population31312
Hispanic Population511
Asian Population295
Hawaiian Population7
Indian Population64
Other Population220
Male Population16076
Female Population17980
Population Estimate35976

Household Data for 48205

The average number of homes in 48205 is around 11,525, there are an average of 2.94 per household. The average house value according to local real estate values is around $34,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,525
Persons Per Household2.94
Average House Value$34,800
Income Per Household$39988
Median Age31.8
Median Age Male30.6
Median Age Female32.8
48205 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code313
CityDetroit
City Alias NameDETROIT
CountyWayne
County FIPS163
State FIPS26
Time Zone5
Day Light SavingY
MSA2162
PMSA2160
CSA220
CBSA19820
CBSA_DIV19804
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 Businesses269
Number Of Employees2600
Business First Quarter Payroll21696
Business Annual Payroll87845
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 Population1820584
Congressional District13
Congressional LandArea184.85
Delivery Residential12237
Delivery Business513
Delivery Total13144
Preferred Last Line KeyY11742
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameDetroit-Dearborn-Livonia, MI
City State KeyY11742
Land Area6.352000
Water Area0.000000
City Alias Code
City Mixed CaseDetroit
City Alias Mixed CaseDetroit
Box Count274
SFDU11899
MFDU338
State ANSI26
County ANSI163
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number252490
Unique ZIP Name
SSA State County Code23810
Medicare CBSA Code19804
Medicare CBSA NameDetroit-Dearborn-Livonia, MI
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseWayne

Michigan Homeowners Insurance News & Information

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    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 […]