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Compare 48216 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Detroit just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 2,559 neighbors looking to save on their home insurance policy in the local 48216 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 48216. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Michigan rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Detroit, MI home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Detroit, MI

48216 Home Insurance Average Premiums

Local 48216 homeowners insurance quotes comparison

$530 /yr.

Shows Zip Code: 48216 lowest rates with discounts applied on average.

For the 48216, 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)		$530 /yr.
Average Coverage:$780 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1080 /yr.

What is the average home insurance cost for a home in 48216?

  • • The average homeowners insurance premium paid annually for a home in 48216 is around $780 per year.

What does it cost on average per month for home insurance in 48216?

  • • Homeowners in 48216 pay a monthly average cost per month around $65.00.

What kind of discount could I get if I combine my home and auto insurance together in 48216?

  • • Autoowners in 48216 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 48216.
Review average rates in another zip code:
48204 homeowners insurance rates
48228 homeowners insurance rates
48224 homeowners insurance rates
48201 homeowners insurance rates
48208 homeowners insurance rates
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48206 homeowners insurance rates
48217 homeowners insurance rates
48235 homeowners insurance rates
48219 homeowners insurance rates

Home Replacement Cost Coverage in 48216

Average Building Cost Per Square Foot in 48216: $132

Location: Detroit, Michigan (Wayne County)

Average Square Footage in 48216: 1,156 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48216 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 48216 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 48216 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,156 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$1321,156$152,600
Additional Upgrades & Added Features$1651,156$190,750
Major Home Updates or Advancements$1981,156$228,900

It's important to understand that when you estimate your replacement cost of your home in the 48216 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 48216

Best Home & Auto Insurance Agencies in 48216

Housing Demographics for 48216

Population Review for 48216 Zip Code

For the city of Detroit, the population within 48216 has increased to over 5,400 residents in population size. The current population total is 5,031. We have broken down the population based on race below. In 48216, there are over 2499 in male population and 2532 females.

PopulationValues
Total Population5,031
White Population1810
Black Population1835
Hispanic Population1344
Asian Population56
Hawaiian Population3
Indian Population62
Other Population608
Male Population2499
Female Population2532
Population Estimate5400

Household Data for 48216

The average number of homes in 48216 is around 2,559, there are an average of 1.92 per household. The average house value according to local real estate values is around $152,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,559
Persons Per Household1.92
Average House Value$152,600
Income Per Household$38844
Median Age34.6
Median Age Male34.4
Median Age Female35.2
48216 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code313/586/248
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 Businesses233
Number Of Employees3700
Business First Quarter Payroll38125
Business Annual Payroll177537
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 Residential2813
Delivery Business428
Delivery Total3671
Preferred Last Line KeyY11742
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameDetroit-Dearborn-Livonia, MI
City State KeyY11742
Land Area2.268000
Water Area0.000000
City Alias Code
City Mixed CaseDetroit
City Alias Mixed CaseDetroit
Box Count0
SFDU1492
MFDU1076
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 […]