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48367 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 48367? There are over 1,747 occupied homes in the 48367 area. With a population size of 4,567, it's not uncommon for residence of Leonard, MI to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Michigan is around $744 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 48367 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Leonard, MI Home Insurance Rate Quotes

48367 Home Insurance Average Premiums

Local 48367 homeowners insurance quotes comparison

$494 /yr.

Shows Zip Code: 48367 lowest rates with discounts applied on average.

For the 48367, 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)		$494 /yr.
Average Coverage:$744 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1044 /yr.

What is the average home insurance cost for a home in 48367?

  • • The average homeowners insurance premium paid annually for a home in 48367 is around $744 per year.

What does it cost on average per month for home insurance in 48367?

  • • Homeowners in 48367 pay a monthly average cost per month around $62.00.

What kind of discount could I get if I combine my home and auto insurance together in 48367?

  • • Autoowners in 48367 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 Leonard area, check out other zip codes nearby 48367.
Review average rates in another zip code:
48367 homeowners insurance rates

Home Replacement Cost Coverage in 48367

Average Building Cost Per Square Foot in 48367: $132

Location: Leonard, Michigan (Oakland County)

Average Square Footage in 48367: 2,481 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48367 before you start any project. Leonard 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 48367 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 48367 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,481 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 Leonard 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$1322,481$327,500
Additional Upgrades & Added Features$1652,481$409,375
Major Home Updates or Advancements$1982,481$491,250

It's important to understand that when you estimate your replacement cost of your home in the 48367 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 48367

Best Home & Auto Insurance Agencies in 48367

Housing Demographics for 48367

Population Review for 48367 Zip Code

For the city of Leonard, the population within 48367 has increased to over 4,327 residents in population size. The current population total is 4,567. We have broken down the population based on race below. In 48367, there are over 2363 in male population and 2204 females.

PopulationValues
Total Population4,567
White Population4187
Black Population37
Hispanic Population144
Asian Population33
Hawaiian Population0
Indian Population16
Other Population45
Male Population2363
Female Population2204
Population Estimate4327

Household Data for 48367

The average number of homes in 48367 is around 1,747, there are an average of 2.59 per household. The average house value according to local real estate values is around $327,500. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode1,747
Persons Per Household2.59
Average House Value$327,500
Income Per Household$95746
Median Age46.5
Median Age Male45.9
Median Age Female47.0
48367 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code248/947
CityLeonard
City Alias NameLEONARD
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 Businesses57
Number Of Employees237
Business First Quarter Payroll2177
Business Annual Payroll11751
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 Residential1671
Delivery Business28
Delivery Total1835
Preferred Last Line KeyY12235
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12235
Land Area23.448000
Water Area0.974000
City Alias Code
City Mixed CaseLeonard
City Alias Mixed CaseLeonard
Box Count101
SFDU1514
MFDU157
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number255360
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 […]