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Find the Best Home Insurance Rates in 48327
Shopping for homeowners insurance in 48327 is never fun, but it is a necessity if you want to find the best policy for your home while also keeping your premium affordable. If you live in Waterford, MI and want to enhance your homeowners coverage while decreasing your annual premium, then let us help you shop the best rates and coverage options.
We can easily shop up to 12 competitive insurance companies so you can compare rates and coverage levels in the privacy of your own home. As an added bonus, our Michigan licensed agents will help you sort through your insurance options and answer any questions you may have about coverages and rates. As always, our service is completely free.
If you are ready to start searching for a new policy, simply click on the "Get Multiple Quotes Now" button. Your 48327 should populate in the zip code field and then you are ready to go. Enter some basic information on your home and we will get started on your quotes.
Home Insurance Rate Quotes in 48327
Find Waterford, MI Homeowners Insurance Quotes to review the best coverage options in your area.
48327 Home Insurance Rating is: medium!
In 48327 the average premium is $793. We can help you save up to 40 percent off of the average premium by having up to 12 highly rated nationwide insurers compete for your business. Our agents will also do a professional analysis of your policy options to make sure you are getting the coverage you need at the best price.
A Quick Tip: For homeowners living in 48327, always keep an updated home inventory. This can be a game changer in the event you have to make a claim. It will make the claim process go quicker and ensure that you are fully and fairly reimbursed for your loss. There are tons of home inventory apps online that can make the tedious job of putting together an inventory quick and easy. As a bonus, your inventory is stored in the cloud so you always have access to it.
Start shopping for a great new policy right now. Get Multiple Home Insurance Rates in 48327!
48327 Home Insurance Average Premiums
For the 48327, 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) | $543 /yr. |
Average Coverage: | $793 /yr. |
2600 sq. ft. or higher (all discounts applied) | $1093 /yr. |
What is the average home insurance cost for a home in 48327?
- • The average homeowners insurance premium paid annually for a home in 48327 is around $793 per year.
What does it cost on average per month for home insurance in 48327?
- • Homeowners in 48327 pay a monthly average cost per month around $66.00.
What kind of discount could I get if I combine my home and auto insurance together in 48327?
- • Autoowners in 48327 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 Waterford area, check out other zip codes nearby 48327.
Review average rates in another zip code:
48329 homeowners insurance rates
48327 homeowners insurance rates
48328 homeowners insurance rates
Home Replacement Cost Coverage in 48327
Average Building Cost Per Square Foot in 48327: $132
Location: Waterford, Michigan (Oakland County)Average Square Footage in 48327: 1,510 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 48327 before you start any project. Waterford 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 48327 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 48327 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,510 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 Waterford 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 Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
---|---|---|---|
Basic Home Features | $132 | 1,510 | $199,300 |
Additional Upgrades & Added Features | $165 | 1,510 | $249,125 |
Major Home Updates or Advancements | $198 | 1,510 | $298,950 |
It's important to understand that when you estimate your replacement cost of your home in the 48327 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 48327
Allstate Insurance - Kevin Dressler
Address: 5566 Cooley Lake Rd Waterford, MI 48327Phone: (248)682-0400
Website:
Best Home & Auto Insurance Agencies in 48327
Farmers Insurance Group
Address: 6573 Hatchery Rd Waterford, MI 48327Phone:
Website: http://www.farmers.com
Info: Auto Insurance Quotes | Home, Life & Car Insurance | Farmers Insurance
Home, life and auto insurance quotes from Farmers Insurance Group. With discounts on car insurance and fast claim service its no wonder over 4000 customers a day switch to Farmers. Farmers Insurance group, auto insurance quotes, car insurance, auto insurance, automobile insurance, rate quote, business insurance, financial insurance, home insurance, mutual funds, life insurance, motorcycle insurance, farmers agent, renters insurance,
John Fagan Insurance Agcy Inc - State Farm Insurance Agent
Address: 6909 Highland Rd Waterford, MI 48327Phone:
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 - Terrance Quaine
Address: 5390 Highland Rd Waterford, MI 48327Phone:
Website: http://www.allstateagencies.com/057880?cid=OTC-YP.com-IYP&att=TL
Info:
Allstate Insurance - Kevin Dressler
Address: 5566 Cooley Lake Rd Waterford, MI 48327Phone:
Website:
Info:
Housing Demographics for 48327
Population Review for 48327 Zip Code
For the city of Waterford, the population within 48327 has increased to over 22,088 residents in population size. The current population total is 21,811. We have broken down the population based on race below. In 48327, there are over 10581 in male population and 11230 females.
Population | Values |
---|---|
Total Population | 21,811 |
White Population | 17973 |
Black Population | 1265 |
Hispanic Population | 1406 |
Asian Population | 508 |
Hawaiian Population | 8 |
Indian Population | 68 |
Other Population | 425 |
Male Population | 10581 |
Female Population | 11230 |
Population Estimate | 22088 |
Household Data for 48327
The average number of homes in 48327 is around 9,884, there are an average of 2.19 per household. The average house value according to local real estate values is around $199,300. Please review the following demographics below for average income and media age.
Housing / Income Data | Values |
---|---|
Households Per Zipcode | 9,884 |
Persons Per Household | 2.19 |
Average House Value | $199,300 |
Income Per Household | $63998 |
Median Age | 41.4 |
Median Age Male | 39.5 |
Median Age Female | 43.3 |
48327 Details | Values |
---|---|
State | MI |
State Full Name | Michigan |
City Type | P |
City Alias Abbreviation | |
Area Code | 248 |
City | Waterford |
City Alias Name | WATERFORD |
County | Oakland |
County FIPS | 125 |
State FIPS | 26 |
Time Zone | 5 |
Day Light Saving | Y |
MSA | 2162 |
PMSA | 2160 |
CSA | 220 |
CBSA | 19820 |
CBSA_DIV | 47664 |
CBSA_Type | Metro |
CBSA_Name | Detroit-Warren-Dearborn, MI |
MSA_Name | Detroit-Ann Arbor-Flint, MI CMSA |
PMSA_Name | Detroit, MI PMSA |
Region | Midwest |
Division | East North Central |
MailingName | Y |
Economic & Growth Review | Values |
---|---|
Number Of Businesses | 451 |
Number Of Employees | 5215 |
Business First Quarter Payroll | 53741 |
Business Annual Payroll | 244610 |
Business Employment Flag | |
Growth Rank | 0 |
Growth Housing Units 2003 | |
Growth Housing Units 2004 | |
Growth Increase Number | 0 |
Growth Increase Percentage | 0.0 |
Metropolitan Details | Values |
---|---|
CBSA Population | 4296250 |
CBSA Division Population | 2475666 |
Congressional District | 11 |
Congressional LandArea | 419.26 |
Delivery Residential | 10086 |
Delivery Business | 482 |
Delivery Total | 15184 |
Preferred Last Line Key | Y13068 |
Classification Code | |
Multi-County | |
CSA Name | Detroit-Warren-Ann Arbor, MI |
CBSA_DIV_Name | Warren-Troy-Farmington Hills, MI |
City State Key | Y13068 |
Land Area | 11.314000 |
Water Area | 0.489000 |
City Alias Code | |
City Mixed Case | Waterford |
City Alias Mixed Case | Waterford |
Box Count | 0 |
SFDU | 6113 |
MFDU | 1752 |
State ANSI | 26 |
County ANSI | 125 |
ZIP Intro | |
Alias Intro | |
Facility Code | P |
City Delivery Indicator | Y |
Carrier Route Rate Sortation | D |
Finance Number | 259750 |
Unique ZIP Name | |
SSA State County Code | 23620 |
Medicare CBSA Code | 47664 |
Medicare CBSA Name | Warren-Troy-Farmington Hills, MI |
Medicare CBSA Type | Metro |
Market Rating Area ID | 2 |
County Mixed Case | Oakland |
Michigan Homeowners Insurance News & Information
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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 […]
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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 […]
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$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 […]