Get multiple home insurance quotes in 48363. Our licensed 48363, MI agents are ready to serve you.

48363 Home Insurance Rates & Premiums

Did you know there are over 7,361 people living within the 48363 zip code area? There are over 2,464 occupied dwellings which means many homeowners like you that are interested in lower premiums or better coverage options. At GetHomeInsuranceQuotes.com, we provide a free shopping services online or over the phone. Our process includes the following:

  1. We will shop up to 12 home insurance companies for free.
  2. We will apply all discounts and credits to help you save up to 40% or more.
  3. We will answer any questions that you may.
  4. We will review the best policy and coverage option in 48363.

Let us help you shop and compare rates today, just enter your zip code to get your free online home insurance quotes. Please give us a call now at 1-855-976-2656, and easily get up to 12 rates over the phone in minutes.

Average homeowners insurance premiums in Michigan are on the rise. The estimated average premium is around $800 a year for a standard homeowners insurance policy in Oakland. You can find out more information about home insurance premiums, discounts and crime rate information by clicking your city below.

City: Oakland, MI Homeowners Insurance Quotes Online

48363 Home Insurance Average Premiums

Local 48363 homeowners insurance quotes comparison

$550 /yr.

Shows Zip Code: 48363 lowest rates with discounts applied on average.

For the 48363, 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)		$550 /yr.
Average Coverage:$800 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1100 /yr.

What is the average home insurance cost for a home in 48363?

  • • The average homeowners insurance premium paid annually for a home in 48363 is around $800 per year.

What does it cost on average per month for home insurance in 48363?

  • • Homeowners in 48363 pay a monthly average cost per month around $67.00.

What kind of discount could I get if I combine my home and auto insurance together in 48363?

  • • Autoowners in 48363 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 Oakland area, check out other zip codes nearby 48363.
Review average rates in another zip code:
48363 homeowners insurance rates

Home Replacement Cost Coverage in 48363

Average Building Cost Per Square Foot in 48363: $132

Location: Oakland, Michigan (Oakland County)

Average Square Footage in 48363: 3,555 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48363 before you start any project. Oakland 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 48363 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 48363 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 3,555 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 Oakland 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$1323,555$469,200
Additional Upgrades & Added Features$1653,555$586,500
Major Home Updates or Advancements$1983,555$703,800

It's important to understand that when you estimate your replacement cost of your home in the 48363 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 48363

Best Home & Auto Insurance Agencies in 48363

Housing Demographics for 48363

Population Review for 48363 Zip Code

For the city of Oakland, the population within 48363 has increased to over 7,867 residents in population size. The current population total is 7,361. We have broken down the population based on race below. In 48363, there are over 3708 in male population and 3653 females.

PopulationValues
Total Population7,361
White Population6392
Black Population121
Hispanic Population267
Asian Population346
Hawaiian Population0
Indian Population12
Other Population37
Male Population3708
Female Population3653
Population Estimate7867

Household Data for 48363

The average number of homes in 48363 is around 2,464, there are an average of 2.98 per household. The average house value according to local real estate values is around $469,200. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,464
Persons Per Household2.98
Average House Value$469,200
Income Per Household$157536
Median Age41.1
Median Age Male42.2
Median Age Female40.2
48363 DetailsValues
StateMI
State Full NameMichigan
City TypeN
City Alias Abbreviation
Area Code248/947
CityOakland
City Alias NameOAKLAND
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 Businesses101
Number Of Employees293
Business First Quarter Payroll2773
Business Annual Payroll16992
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
Congressional LandArea183.59
Delivery Residential2640
Delivery Business15
Delivery Total2899
Preferred Last Line KeyY12497
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12497
Land Area20.804000
Water Area0.330000
City Alias Code
City Mixed CaseOakland
City Alias Mixed CaseOakland
Box Count0
SFDU2172
MFDU352
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeN
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number258070
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 […]