Get multiple home insurance quotes in 48375. Our licensed 48375, MI agents are ready to serve you.

48375, MI Homeowners Insurance Rates

With a population size of 23,237 and with 9,135 occupied homes in the 48375 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Novi, MI are around $673 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Novi, Michigan. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-855-976-2656 so we can help you review rates today!

It's important to know that if your Michigan home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Novi, MI.

For Michigan home insurance information, including average Novi home insurance rates, coverage options or the different homeowners insurance types, please select Novi, MI Home Insurance Quotes Now!

48375 Home Insurance Average Premiums

Local 48375 homeowners insurance quotes comparison

$423 /yr.

Shows Zip Code: 48375 lowest rates with discounts applied on average.

For the 48375, 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)
$423 /yr.
Average Coverage:$673 /yr.
2600 sq. ft. or higher
(all discounts applied)
$973 /yr.

What is the average home insurance cost for a home in 48375?

  • • The average homeowners insurance premium paid annually for a home in 48375 is around $673 per year.

What does it cost on average per month for home insurance in 48375?

  • • Homeowners in 48375 pay a monthly average cost per month around $56.00.

What kind of discount could I get if I combine my home and auto insurance together in 48375?

  • • Autoowners in 48375 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 Novi area, check out other zip codes nearby 48375.
Review average rates in another zip code:
48377 homeowners insurance rates
48374 homeowners insurance rates
48375 homeowners insurance rates

Home Replacement Cost Coverage in 48375

Average Building Cost Per Square Foot in 48375: $132

Location: Novi, Michigan (Oakland County)

Average Square Footage in 48375: 2,242 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48375 before you start any project. Novi 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 48375 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 48375 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,242 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 Novi 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$1322,242$295,900
Additional Upgrades & Added Features$1652,242$369,875
Major Home Updates or Advancements$1982,242$443,850

It's important to understand that when you estimate your replacement cost of your home in the 48375 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 48375

Farm Bureau Insurance Parker-perigo Agency

Address: 44855 Grand River Ave Novi, MI 48375
Phone: (248)347-4100
Website: www.farmbureauinsurance-mi.com

Allstate Insurance - Bruce Faber

Address: 43343 Grand River Ave Novi, MI 48375
Phone: (248)344-0460
Website:

Best Home & Auto Insurance Agencies in 48375

Farmers Insurance

Address: 24100 Meadowbrook Rd Novi, MI 48375
Phone:
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,

Nustar Insurance

Address: 39555 Orchard Hill Pl, #130 Novi, MI 48375
Phone:
Website: http://www.nustar-ins.com
Info:

Farm Bureau Insurance Parker-perigo Agency

Address: 44855 Grand River Ave Novi, MI 48375
Phone:
Website: http://www.farmbureauinsurance-mi.com
Info:

State Farm Insurance

Address: 41700 Gardenbrook Rd Novi, MI 48375
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

Anderson-Berger- Terri L - State Farm Insurance Agent

Address: 43341 Grand River Ave Novi, MI 48375
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

Housing Demographics for 48375

Population Review for 48375 Zip Code

For the city of Novi, the population within 48375 has increased to over 24,558 residents in population size. The current population total is 23,237. We have broken down the population based on race below. In 48375, there are over 11345 in male population and 11892 females.

PopulationValues
Total Population23,237
White Population12829
Black Population1640
Hispanic Population969
Asian Population6996
Hawaiian Population6
Indian Population47
Other Population326
Male Population11345
Female Population11892
Population Estimate24558

Household Data for 48375

The average number of homes in 48375 is around 9,135, there are an average of 2.53 per household. The average house value according to local real estate values is around $295,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode9,135
Persons Per Household2.53
Average House Value$295,900
Income Per Household$101812
Median Age39.6
Median Age Male38.6
Median Age Female40.8
48375 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code248
CityNovi
City Alias NameNOVI
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 Businesses1099
Number Of Employees17195
Business First Quarter Payroll263352
Business Annual Payroll1148159
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 District06|11
Congressional LandArea3546.74|419.26
Delivery Residential9707
Delivery Business1147
Delivery Total12047
Preferred Last Line KeyY12491
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameWarren-Troy-Farmington Hills, MI
City State KeyY12491
Land Area8.377000
Water Area0.028000
City Alias Code
City Mixed CaseNovi
City Alias Mixed CaseNovi
Box Count0
SFDU5258
MFDU876
State ANSI26
County ANSI125
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number256920
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 […]