By Steve Vander Ploeg
Figures on this page are illustrative sample-profile benchmarks for education and layout — not live market quotes. Actual premiums vary by ZIP, vehicle, coverage, driving history, and underwriting. Ask a licensed agent for a personalized comparison.
What is the average cost of condo insurance in Michigan?
Michigan condominium unit owners paid an average of $387 a year for HO-6 insurance — about $32 a month — according to the most recent NAIC figures, covering 2022. Michigan law does not require HO-6, but the Michigan Condominium Act lets associations require it in bylaws, and most lenders require it on a mortgaged unit.
| Market | Avg. monthly (sample) |
|---|---|
| Michigan HO-6 average (NAIC 2022) | $32/mo |
| Michigan HO-6 average (annual) | $387/yr |
| Michigan tenant (HO-4) average (NAIC 2022) | $15/mo |
Key takeaways
What Michigan homeowners should know
- $387/yr average Michigan HO-6 premium (NAIC 2022) — about $32/mo.
- Association bylaws and lenders usually require HO-6 even though state law does not.
- Read the master policy Schedule of Coverages before you set Coverage A (improvements).
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Michigan condo insurance rates by company
Company-by-company differences across Michigan can be substantial once association claims history and construction type are known. Use the sample table as a benchmark, then compare personalized quotes.
| Company | Avg. monthly (sample) |
|---|---|
| Carrier A (sample) · Illustrative | $28/mo |
| Carrier B (sample) · Illustrative | $32/mo |
| Carrier C (sample) · Illustrative | $36/mo |
| Carrier D (sample) · Illustrative | $41/mo |
| Carrier E (sample) · Illustrative | $48/mo |
Vander Ploeg data methodology
Average-cost figures cite NAIC statewide HO-6 data where noted. Factor tables use an illustrative sample condo owner profile and are not live filings or guaranteed quotes.
- Sample owner-occupied condo unit with a standard HO-6 policy shape
- Monthly premium framing for scannability (not an annual bill)
- Carrier names anonymized until verified market data is published
- Master-policy type, contents limits, deductible, and credit can change the premium
- Your personalized quote may be higher or lower than any sample row
Figures on this page are illustrative sample-profile benchmarks for education and layout — not live market quotes. Actual premiums vary by ZIP, vehicle, coverage, driving history, and underwriting. Ask a licensed agent for a personalized comparison.
Compare locally
Shop around for the best rates
The only way to know which company fits your file is to compare. We help you shop options from carriers such as American Modern, Foremost, National General, Progressive, and others available for your ZIP in Michigan.
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Michigan condo insurance rates by contents limit
Contents limits drive much of the HO-6 premium. Campus-area and downtown units often need higher Coverage C for electronics and furnishings than a lightly furnished second home.
| Personal property (Coverage C) | Avg. monthly (sample) |
|---|---|
| $25,000 contents | $24/mo |
| $40,000 contents | $29/mo |
| $60,000 contents | $34/mo |
| $80,000 contents | $40/mo |
| $100,000+ contents | $48/mo |
Michigan condo insurance costs by credit tier
Credit-based insurance scoring may influence premiums depending on carrier and rules. Sample tiers below are educational — confirm how your file is treated.
| Credit tier | Avg. monthly (sample) |
|---|---|
| Very poor | $52/mo |
| Fair | $44/mo |
| Good | $36/mo |
| Very good | $32/mo |
| Excellent | $28/mo |
Michigan condo insurance rates by deductible
Raising the deductible from $500 to $1,000 or $2,500 can lower premiums. Ask about water-backup and loss-assessment terms separately from the base deductible.
| Deductible | Avg. monthly (sample) |
|---|---|
| $500 deductible | $42/mo |
| $1,000 deductible | $36/mo |
| $2,500 deductible | $31/mo |
| $5,000 deductible | $27/mo |
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Frequently asked questions
What is the average cost of condo insurance in Michigan?
Michigan HO-6 policies averaged $387/yr — about $32/mo — in NAIC data covering 2022. Live quotes depend on contents limits, deductible, credit, claims history, and the association's master policy.
Is condo insurance required in Michigan?
Michigan law does not require individual HO-6 coverage. The Michigan Condominium Act (MCL 559.101 et seq) lets associations require insurance in bylaws. Mortgage lenders almost always require HO-6 on a financed unit.
What does Michigan condo insurance cover?
An HO-6 covers personal property, interior improvements and betterments, personal liability, medical payments to others, and often loss assessment. The association master policy covers the building structure and common areas.
Who has the cheapest condo insurance in Michigan?
It depends on the file. Master-policy type, building age, contents limits, credit, and claims history all affect which carrier is cheapest for you. We shop multiple carriers and show side-by-side options.
How do I get a Michigan condo insurance quote?
Enter your ZIP to start. A licensed agent finishes the comparison — usually the same day you ask — after reviewing your association's insurance certificate when available.
Does condo insurance cover flooding in Michigan?
No. Standard HO-6 policies exclude flood. Units near inland lakes, rivers, or FEMA flood zones need a separate flood policy for contents and improvements.
About Vander Ploeg
Vander Ploeg Insurance Agency, LLC is a licensed independent Michigan agency based in Kalamazoo. We are not a carrier. We shop multiple companies, explain HO-6 coverage against your association's master policy, and stay on the file after you bind. Educational content on these pages is reviewed by licensed agents and is separate from any carrier relationship.