Get multiple home insurance quotes in 48316. Our licensed 48316, MI agents are ready to serve you.

48316, MI Home Insurance

In the zip code of 48316, the population size is around 28,192, which consists of 11,125 occupied homes in your area. We often hear homeowners ask us what the average home insurance premiums are for residence living in Utica, MI. A few years ago, a study was done and found that the average home insurance rates for Michigan are around $690 per year for a standard homeowners policy. At GetHomeInsuranceQuotes.com, we help homeowners find cheaper rates and better coverage for an existing or new home purchase opportunity. We have partnered with 12 major home insurance companies that have the most competitive rates for homes in the 48316 zip code location. Our savings model helps you not only save up to 40% or more, but also includes enhanced coverage options to help protect your home and family while livings in Utica. If you enter your zip code for the home you would like to shop and compare rates for today, we can help you review the premiums and coverage online or over the phone. Give us a call now at 1-855-976-2656 so we can help you compare rates today!

If you would like to review more information on rates within your area, please click Utica, MI Homeowners Insurance Online Rates Today!

48316 Home Insurance Average Premiums

Local 48316 homeowners insurance quotes comparison

$440 /yr.

Shows Zip Code: 48316 lowest rates with discounts applied on average.

For the 48316, 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)
$440 /yr.
Average Coverage:$690 /yr.
2600 sq. ft. or higher
(all discounts applied)
$990 /yr.

What is the average home insurance cost for a home in 48316?

  • • The average homeowners insurance premium paid annually for a home in 48316 is around $690 per year.

What does it cost on average per month for home insurance in 48316?

  • • Homeowners in 48316 pay a monthly average cost per month around $58.00.

What kind of discount could I get if I combine my home and auto insurance together in 48316?

  • • Autoowners in 48316 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 Utica area, check out other zip codes nearby 48316.
Review average rates in another zip code:
48316 homeowners insurance rates
48315 homeowners insurance rates
48317 homeowners insurance rates

Home Replacement Cost Coverage in 48316

Average Building Cost Per Square Foot in 48316: $132

Location: Utica, Michigan (Macomb County)

Average Square Footage in 48316: 2,301 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48316 before you start any project. Utica 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 48316 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 48316 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,301 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 Utica 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$1322,301$303,700
Additional Upgrades & Added Features$1652,301$379,625
Major Home Updates or Advancements$1982,301$455,550

It's important to understand that when you estimate your replacement cost of your home in the 48316 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 48316

Best Home & Auto Insurance Agencies in 48316

State Farm

Address: 5750 24 Mile Rd Shelby Township, MI 48316
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

Allstate Insurance Company - Steve Long

Address: 54798 Shelby Rd Shelby Twp, MI 48316
Phone:
Website: http://www.allstateagencies.com/052030?cid=OTC-YP.com-IYP&att=TL
Info:

Munro, James - Allstate

Address: 52021 Van Dyke Ave Shelby Township, MI 48316
Phone:
Website: http://www.allstateagencies.com/JamesMunro2/Welcome/
Info:

Housing Demographics for 48316

Population Review for 48316 Zip Code

For the city of Utica, the population within 48316 has increased to over 30,489 residents in population size. The current population total is 28,192. We have broken down the population based on race below. In 48316, there are over 13907 in male population and 14285 females.

PopulationValues
Total Population28,192
White Population24933
Black Population641
Hispanic Population997
Asian Population824
Hawaiian Population0
Indian Population74
Other Population331
Male Population13907
Female Population14285
Population Estimate30489

Household Data for 48316

The average number of homes in 48316 is around 11,125, there are an average of 2.53 per household. The average house value according to local real estate values is around $303,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,125
Persons Per Household2.53
Average House Value$303,700
Income Per Household$91920
Median Age44.3
Median Age Male43.1
Median Age Female45.3
48316 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code586
CityUtica
City Alias NameUTICA
CountyMacomb
County FIPS099
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 Businesses574
Number Of Employees5599
Business First Quarter Payroll48807
Business Annual Payroll220802
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 District09|10
Congressional LandArea183.59|4140.44
Delivery Residential12051
Delivery Business597
Delivery Total17392
Preferred Last Line KeyY13018
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY13018
Land Area11.249000
Water Area0.207000
City Alias Code
City Mixed CaseUtica
City Alias Mixed CaseUtica
Box Count0
SFDU7156
MFDU958
State ANSI26
County ANSI099
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number259510
Unique ZIP Name
SSA State County Code23490
Medicare CBSA Code47664
Medicare CBSA NameWarren-Troy-Farmington Hills, MI
Medicare CBSA TypeMetro
Market Rating Area ID2
County Mixed CaseMacomb

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 […]