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Homeowners Insurance coverage in 48220

If you are a homeowner in 48220 or Ferndale, MI you can now easily shop for homeowners insurance from the comfort of your own home. Check out GetHomeInsuranceQuotes.com and we will provide you with up to 12 insurance rate quotes from a variety of national insurance companies, making sure that you get the best premium quotes in Ferndale.

Our service is always free so join the thousands of homeowners who have shopped for coverage, compared a variety of quotes and purchased a great policy using our site. Enter your zip code now and start shopping for a brand new homeowners policy.

Compare rates and find the best homeowners policy in 48220.

Learn more about our homeowners insurance shopping service by selecting the best Ferndale, MI Home Insurance Quotes Online.

What is the Average Home Insurance Rates in 48220?

Residents of Ferndale have found that shopping online for homeowners insurance coverage saves them not only time but money as well. So what is the average rate for homeowners insurance in Michigan? While Michigan is not the cheapest state in the country when it comes to homeowners insurance, it does rank fairly well. According to industry data, Michigan comes in at 36 in the country for homeowners insurance premiums.

If you are living in 48220 zipcode, expect to pay around $752 for homeowners coverage compared to the national average of $1,249. It’s important to remember that these figures are averages and your own premium may be higher or lower depending on your personal factors.

Average rates listed here are based on a standard homeowners insurance policy, which protects your home, personal possessions, liability protection, loss of use and even medical payments. As with most standard homeowner insurance policies, coverage in Ferndale does not offer protection against flood damage. If you live within a flood zone, a separate flood insurance policy may be required.

Get started now and our agents will help you determine what coverages your need and the ideal coverage levels for your particular situation.

48220 Home Insurance Average Premiums

Local 48220 homeowners insurance quotes comparison

$502 /yr.

Shows Zip Code: 48220 lowest rates with discounts applied on average.

For the 48220, 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)
$502 /yr.
Average Coverage:$752 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1052 /yr.

What is the average home insurance cost for a home in 48220?

  • • The average homeowners insurance premium paid annually for a home in 48220 is around $752 per year.

What does it cost on average per month for home insurance in 48220?

  • • Homeowners in 48220 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 48220?

  • • Autoowners in 48220 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 Ferndale area, check out other zip codes nearby 48220.
Review average rates in another zip code:
48220 homeowners insurance rates

Home Replacement Cost Coverage in 48220

Average Building Cost Per Square Foot in 48220: $132

Location: Ferndale, Michigan (Oakland County)

Average Square Footage in 48220: 1,432 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48220 before you start any project. Ferndale 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 48220 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 48220 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,432 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 Ferndale 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$1321,432$189,000
Additional Upgrades & Added Features$1651,432$236,250
Major Home Updates or Advancements$1981,432$283,500

It's important to understand that when you estimate your replacement cost of your home in the 48220 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 48220

Best Home & Auto Insurance Agencies in 48220

Allstate Insurance Company - Peggy Uzzle

Address: 3055 Hilton Rd Ferndale, MI 48220
Phone:
Website: http://www.allstateagencies.com/086006?cid=OTC-YP.com-IYP&att=TL
Info:

Premier Insurance

Address: 8912 W 8 Mile Rd Ferndale, MI 48220
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 48220

Population Review for 48220 Zip Code

For the city of Ferndale, the population within 48220 has increased to over 22,436 residents in population size. The current population total is 21,564. We have broken down the population based on race below. In 48220, there are over 10677 in male population and 10887 females.

PopulationValues
Total Population21,564
White Population16042
Black Population3307
Hispanic Population881
Asian Population431
Hawaiian Population3
Indian Population51
Other Population275
Male Population10677
Female Population10887
Population Estimate22436

Household Data for 48220

The average number of homes in 48220 is around 11,073, there are an average of 1.94 per household. The average house value according to local real estate values is around $189,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,073
Persons Per Household1.94
Average House Value$189,000
Income Per Household$74090
Median Age35.6
Median Age Male35.4
Median Age Female35.8
48220 DetailsValues
StateMI
State Full NameMichigan
City TypeB
City Alias Abbreviation
Area Code248
CityFerndale
City Alias NameFERNDALE
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 Businesses699
Number Of Employees7779
Business First Quarter Payroll92021
Business Annual Payroll432342
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 District11
Congressional LandArea419.26
Delivery Residential11565
Delivery Business957
Delivery Total13122
Preferred Last Line KeyY11870
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY11870
Land Area4.423000
Water Area0.000000
City Alias Code
City Mixed CaseFerndale
City Alias Mixed CaseFerndale
Box Count211
SFDU10186
MFDU1144
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeB
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number252490
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 […]