Get multiple home insurance quotes in 48371. Our licensed 48371, MI agents are ready to serve you.

48371 Online Home Insurance Rates

Comparing a bunch of different rates for your home in 48371 is very time consuming. At GetHomeInsuranceQuotes.com, we help you shop and compare up to 12 major top-rated A.M. Best companies, to present the most affordable rates for homeowners living in Oxford, MI. Not only do we provide free comparitive rates, but we also answer any questions you have and offer a free consultation process to help you decide which coverage option is best for you. Most of the time, we can add up to 40% more in savings by applying all the discounts and credits, like a home/auto package, security alarm, new roof upgrade or even deadbolts. It's easy to shop with us, we have already partnered with the most competitive home insurance companies in the 48371 area. If you enter your zip code, you can easily begin the online quoting process, it only takes a few minutes. If you would like to give us a call now at 1-855-976-2656 we will be happy to hear from you.

If you would like to review more information on home insurance premiums in Michigan, like average Oxford homeowners insurance rates, coverage options or home insurance types, please select Oxford, MI Home Insurance Rates Online!

48371 Home Insurance Average Premiums

Local 48371 homeowners insurance quotes comparison

$541 /yr.

Shows Zip Code: 48371 lowest rates with discounts applied on average.

For the 48371, 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)
$541 /yr.
Average Coverage:$791 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1091 /yr.

What is the average home insurance cost for a home in 48371?

  • • The average homeowners insurance premium paid annually for a home in 48371 is around $791 per year.

What does it cost on average per month for home insurance in 48371?

  • • Homeowners in 48371 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 48371?

  • • Autoowners in 48371 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 Oxford area, check out other zip codes nearby 48371.
Review average rates in another zip code:
48370 homeowners insurance rates
48371 homeowners insurance rates

Home Replacement Cost Coverage in 48371

Average Building Cost Per Square Foot in 48371: $132

Location: Oxford, Michigan (Oakland County)

Average Square Footage in 48371: 2,110 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48371 before you start any project. Oxford 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 48371 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 48371 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,110 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 Oxford 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$1322,110$278,500
Additional Upgrades & Added Features$1652,110$348,125
Major Home Updates or Advancements$1982,110$417,750

It's important to understand that when you estimate your replacement cost of your home in the 48371 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 48371

Curtis Insurance Agency

Address: 25 North Washington Street Oxford, MI 48371
Phone: (248)628-3604
Website: www.curtisinsuranceagency.com

Best Home & Auto Insurance Agencies in 48371

Duva-McConnell- Angela G - State Farm Insurance Agent

Address: 318 N Lapeer Rd Oxford, MI 48371
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

Curtis Insurance Agency

Address: 25 N Washington St Oxford, MI 48371
Phone:
Website: http://www.curtisinsuranceagency.com
Info:

Sherman- Donald F - State Farm Insurance Agent

Address: 106 S Washington St Oxford, MI 48371
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 - Kevin Mlynarek

Address: 6 S Washington St Oxford, MI 48371
Phone:
Website: http://www.allstateagencies.com/044623?cid=OTC-YP.com-IYP&att=TL
Info:

Housing Demographics for 48371

Population Review for 48371 Zip Code

For the city of Oxford, the population within 48371 has increased to over 26,705 residents in population size. The current population total is 25,272. We have broken down the population based on race below. In 48371, there are over 12609 in male population and 12663 females.

PopulationValues
Total Population25,272
White Population22609
Black Population298
Hispanic Population1047
Asian Population349
Hawaiian Population21
Indian Population59
Other Population281
Male Population12609
Female Population12663
Population Estimate26705

Household Data for 48371

The average number of homes in 48371 is around 9,317, there are an average of 2.70 per household. The average house value according to local real estate values is around $278,500. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode9,317
Persons Per Household2.70
Average House Value$278,500
Income Per Household$100872
Median Age40.6
Median Age Male39.3
Median Age Female41.9
48371 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code248/947
CityOxford
City Alias NameOXFORD
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 Businesses469
Number Of Employees4483
Business First Quarter Payroll49421
Business Annual Payroll210745
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 Residential9891
Delivery Business484
Delivery Total10540
Preferred Last Line KeyY12540
Classification Code
Multi-CountyY
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12540
Land Area46.249000
Water Area1.585000
City Alias Code
City Mixed CaseOxford
City Alias Mixed CaseOxford
Box Count131
SFDU6778
MFDU859
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number257240
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 […]