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Homeowners Insurance in 48207

For homeowners living in 48207, you want more affordable home insurance rates in Detroit, right? Our rates are very competitive for homeowners living in the great city of Detroit, MI. Many homeowners living in the 48207 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the top home insurance companies that we will shop for you all in one place. Plus, our homeowners 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 policy and coverage option is best for you and your family. Get the home insurance protection you need and start a free home insurance quote today, simply click the "Get Multiple Quotes Now" button. Your 48207 should appear in the zip code field ready to go. Comparing Detroit, MI Home Insurance Quotes in your area, we can review the best rates and coverage options with multiple carriers to choose from.

48207 Home Insurance Costs Are Considered: Medium!

The overall cost of homeowners insurance on average for a standard HO-3 home insurance policy for homeowners living in Detroit pay around $730 per year. For affordable homeowners insurance, we have the best prices when it comes to comparing Michigan home insurance rates. At GetHomeInsuranceQuotes.com, we compare the most competitive companies then we let you review the most affordable rates and coverage options. Homeowners living in the 48207 zip code usually have questions about which coverage option is best. Our process is spam and hassle free so you can get your questions answer quickly and review the best home insurance policy for you. Most of all, Detroit homeowners enjoy saving up to 40% or even more when we apply all the discounts available. Let us help you shop and save on your Michigan home insurance premium today!

Get 48207 Homeowners Insurance Rates Now!

48207 Home Insurance Average Premiums

Local 48207 homeowners insurance quotes comparison

$480 /yr.

Shows Zip Code: 48207 lowest rates with discounts applied on average.

For the 48207, 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)
$480 /yr.
Average Coverage:$730 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1030 /yr.

What is the average home insurance cost for a home in 48207?

  • • The average homeowners insurance premium paid annually for a home in 48207 is around $730 per year.

What does it cost on average per month for home insurance in 48207?

  • • Homeowners in 48207 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 48207?

  • • Autoowners in 48207 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 48207.
Review average rates in another zip code:
48213 homeowners insurance rates
48224 homeowners insurance rates
48227 homeowners insurance rates
48211 homeowners insurance rates
48228 homeowners insurance rates
48209 homeowners insurance rates
48204 homeowners insurance rates
48221 homeowners insurance rates
48223 homeowners insurance rates
48235 homeowners insurance rates

Home Replacement Cost Coverage in 48207

Average Building Cost Per Square Foot in 48207: $132

Location: Detroit, Michigan (Wayne County)

Average Square Footage in 48207: 1,081 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48207 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 48207 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 48207 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,081 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$1321,081$142,700
Additional Upgrades & Added Features$1651,081$178,375
Major Home Updates or Advancements$1981,081$214,050

It's important to understand that when you estimate your replacement cost of your home in the 48207 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 48207

Best Home & Auto Insurance Agencies in 48207

Allstate Insurance Companies

Address: 1386 E Jefferson Ave Detroit, MI 48207
Phone:
Website:
Info:

Housing Demographics for 48207

Population Review for 48207 Zip Code

For the city of Detroit, the population within 48207 has increased to over 18,975 residents in population size. The current population total is 21,704. We have broken down the population based on race below. In 48207, there are over 10120 in male population and 11584 females.

PopulationValues
Total Population21,704
White Population3965
Black Population16101
Hispanic Population521
Asian Population508
Hawaiian Population7
Indian Population60
Other Population206
Male Population10120
Female Population11584
Population Estimate18975

Household Data for 48207

The average number of homes in 48207 is around 12,301, there are an average of 1.68 per household. The average house value according to local real estate values is around $142,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode12,301
Persons Per Household1.68
Average House Value$142,700
Income Per Household$37139
Median Age42.3
Median Age Male40.0
Median Age Female44.7
48207 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 Businesses542
Number Of Employees8816
Business First Quarter Payroll124258
Business Annual Payroll513329
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 Residential11295
Delivery Business928
Delivery Total12463
Preferred Last Line KeyY11742
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameDetroit-Dearborn-Livonia, MI
City State KeyY11742
Land Area6.298000
Water Area1.769000
City Alias Code
City Mixed CaseDetroit
City Alias Mixed CaseDetroit
Box Count180
SFDU2980
MFDU6048
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 […]