Owosso, MI Home Insurance Quotes!

Did you know that shopping online for lower home insurance rates in Owosso, MI just got easier! At GetHomeInsuranceQuotes.com, we provide superior service when it comes to handling your insurance needs. We can shop the highly trusted carriers who have been in business for several decades and offer a branded household name that you can depend on and most of all trust. The best rates in your area are around $491 per year on average. Our licensed Owosso insurance consultants are here to help you compare multiple options and our professional service allows us to answer the questions that you need to get the right coverage at the most affordable price. We provide the best rates from up to 12 different insurance carriers that are all highly rated by A.M Best and we shop the policy with you so you know which Owosso homeowners insurance package is best for you. Start your quote today by entering your zip code!

Owosso Demographics & Housing Facts

Source	Value
Location:	Owosso, MI (SHIAWASSEE County)
Population:	15,194
Occupied Residents:	11,391
Average Real Estate Value Per Zip Code:	$108,700

The city of Owosso in Michigan is roughly around 15,194 residents in population size with 11,391 homes to be estimated within the city of Owosso. The average house value per zip code in Owosso, MI is $108,700. Understanding the market value of your home and which carrier is best suitable for you in terms of coverage and affordability is our job. Let our local experience of the Owosso home insurance market earn your business. Easily get quotes from us for free!

Homeowners Insurance in Owosso, MI

When our local Owosso agents discuss homeowners insurance with new customers, we work with them to clearly explain the additional ways for you to save time and money by discovering lower rates that are available to you. Our online shopping service for your home located in Owosso can save you hours of confusion and stress. It's important to understand that coverage to replace your home is key, so the right replacement cost matters due to the fluctuation of building cost in your area. Even existing customers in Owosso are increasing their coverage to make sure no surprises will fall on them if a major issue occurs. Residents of Owosso, MI can get cheaper rates around the $491 rate per year. On average, we are helping most customers in the $741 per year or the $62 per month range. Cheaper is not always better. For larger homes in Owosso, above the 3,000 square foot range, we are seeing rates much higher in the $1,041 per year because it will cost more to replace the home so a more expensive dwelling coverage is required to help protect the homeowner.

The average rates mentioned above for a standard homeowners insurance policy within the state of Michigan includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage. We always explain the policy details to you and help you understand that if your home is in need of additional coverage because the area in which your home is located requires flood insurance then our agents will help you setup a flood insurance policy. This is one of the many policy details our agents will recognize when you request an online Owosso, MI homeowners insurance quote from us.

For additional help, please visit our homeowners insurance blog for helpful articles, tips and customer related questions.

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Average Rates Nearby Owosso

Are you looking for homeowners insurance in a city near Owosso? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Owosso, MI

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Owosso.

48867,

Owosso, MI Home Insurance Average Premiums

Local Owosso, MI home insurance quotes comparison

$491 /yr.

Shows Owosso's lowest average rates with discounts applied.

For the city of Owosso, 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)	$491 /yr.
Average Coverage:	$741 /yr.
2600 sq. ft. or higher (all discounts applied)	$1041 /yr.

What is the average home insurance cost for a home in Owosso, MI?

• The average homeowners insurance premium paid annually for a home in Owosso is around $741 per year.

What does it cost on average per month for home insurance in Owosso, MI?

• Homeowners in Owosso pay an average cost per month around $62.00 for insurance coverage.

Owosso, MI - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$142,399	$136,962
February	$143,462	$138,574
March	$144,276	$140,716
April	$143,747	$142,509

Homeowners insurance will help cover the cost to repair or replace your Owosso home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Owosso
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Owosso, MI homeowners insurance rates all in one place!

Saving Money Tips on Owosso Home Insurance

A great way to save money on Owosso homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Owosso area? Check out what homeowners are paying on average for Michigan homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
735 ft.	This is the average home elevation in Owosso, MI	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Michigan flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Owosso, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Shiawassee County.

Michigan Homeowners Insurance News & Information

2025 List of States Where Finding Home Insurance Is Most Difficult and Why Posted on Tuesday 11th March, 2025
Homeowners insurance is a necessity if you own a home, particularly if you are currently carrying a mortgage. Mortgage lenders require homeowners insurance to protect their investment in your home by always carrying homeowners insurance. If your insurance is cancelled or you are non-renewed it can be a huge problem. As wildfires and major windstorms […]
Will Citizens Policyholders See a Home Insurance Rate Decrease? Posted on Tuesday 11th March, 2025
Recently, Gov. Ron DeSantis announced that over 20% of Citizens property insurance policyholders will see a premium decrease of roughly 5.6%. DeSantis also claimed that almost 73% of homeowners who have a policy with Citizens in Miami-Dade County will see a rate reduction of 6.3% on average. The state-run insurer, Citizens Property is finally shedding […]
Can $600 Million Help Lower Florida Homeowners Insurance Rates? Posted on Friday 14th February, 2025
Family relax on the couch. Happy beautiful young parents are smiling, hugging and playing with them kids at home together Governor DeSantis recently asked the legislature for over $600 million to help lower homeowners insurance in his 2025-26 budget request. The budget proposal asks for $590 million to go towards the My Safe Florida Home […]
North Carolina Homeowners’ Insurance Premiums May See a 15% Increase Posted on Thursday 23rd January, 2025
The base rate for North Carolina homeowners insurance will be headed up by an average of 15% by the middle of 2026. The rate increases are part of a settlement that was reached with the insurance industry by the North Carolina Insurance Department. The state Insurance Commissioner Mike Causey recently announced the rate increase agreement […]
2025 Florida Home Insurance Rates Could Increase Posted on Tuesday 14th January, 2025
While many state legislators, industry leaders and insurance regulators have been claiming that the insurance market in Florida has stabilized, it looks like premiums may be headed up again in the near future. According to an analysis by the South Florida Sun Sentinel, the average statewide premium, being paid for an all-perils single-family home policy […]

Owosso, MI Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Owosso so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Owosso, MI?

- The average square footage in Owosso is around 823 Sq. Ft. which would cost you around $108,700 to replace the home if you base the home on the price to build per square foot of $132.

Minimum Replacement Cost Total: $108,700

Location: Owosso, Michigan (Shiawassee County)

Average Building Cost Per Square Foot in Owosso: $132 (low end)

Average Square Footage in Owosso: 823 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$132	$108,700
Some Additional Upgrades	$165	$135,875
Major Home Updates or Advancements	$198	$163,050

Calculate Your Owosso, MI Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($132) in Owosso, Michigan times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $412,500 (Media price to build of $165 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.