Gavop's guide to buying homeowners insurance in Traverse City, MI covers how to get the right coverage, optimize deductibles, identify the best agents, understand claim requirements, avail discount options, compare cheap quotes and research reviews.
| Bedrooms | Average Home Value | Estimated Replacement Value | Recommended Home Insurance Coverage |
|---|---|---|---|
| 1 Bedroom | $61,500 | $50,000 | $50,000-$75,000 |
| 2 Bedroom | $122,500 | $110,000 | $125,000-$150,000 |
| 3 Bedroom | $216,500 | $190,000 | $200,000-$250,000 |
| 4 Bedroom | $195,000 | $170,000 | $175,000-$200,000 |
| 5 Bedroom | $299,000 | $250,000 | $300,000-$350,000 |
| Type | Discount ($) | Premium After Discount ($) |
|---|---|---|
| Multipolicy Discount | -$134 | $608 |
| Superior Protection Discount | -$67 | $675 |
| Fire & Security Discount | -$52 | $690 |
| Hail Resistant Roof Discount | -$22 | $719 |
| Newly Constructed Home Discount | -$185 | $556 |
| Claim Type | Average Claim Cost |
|---|---|
| General Claims | |
| Water Damage | $6,337 |
| Physical Damage | $2,295 |
| Hail Damage | $4,900 |
| Wind Damage | $6,687 |
| Expensive Claims | |
| Fire | $44,229 |
| Smoke | $17,222 |
| Home Insurance Company Traverse City, MI | Homeowners Insurance Agency Traverse City, MI | Address | Popularity Score | Distance from Traverse City (miles) |
|---|---|---|---|---|
| Travelers | Global Marine Insurance Agency | 12935 S. West Bay Shore Dr 12935 S. West Bay Shore Dr , Traverse City, MI, 49684 | 3.0 | |
| State Farm | Tim Collins | 4001 Us Highway 31 S Ste B, Traverse City, MI, 49685-6947 | 6.3 | |
| Travelers | Global Marine Insurance Agency | 12935 S W Bayshore Dr Ste 205, Traverse City, MI, 49684 | 3.1 | |
| State Farm | Susan Rauser | 874 E Eighth St, Traverse City, MI, 49686-2759 | 0.3 | |
| Allstate | John Weber | 2301 Garfield Rd N, Traverse City, MI, 49686 | 2.4 | |
| Liberty Mutual Independent | Peterson Mcgregor & Associates | 1368 Business Park Dr, Traverse City, MI, 49686 | 3.0 | |
| Farmers | Marcus Hudson | 1603 Barlow St, Traverse City, MI, 49686 | 1.0 | |
| Liberty Mutual Independent | Peterson Mcgregor & Associates | 1368 Business Park Drive , Traverse City, MI, 49686 | 3.0 | |
| State Farm | Shelby Henry | 8998 E 34 Rd # D, Cadillac, MI, 49601-8121 | 34.2 | |
| Allstate | Patricia Bryan | 3298 Veterans Dr Ste 1, Traverse City, MI, 49684 | 2.1 |
| Place | Typical Home Value | Typical Home Insurance Costs | 25th Percentile | 75th Percentile | Potential Savings & Difference between 25th & 75th Percentile |
|---|---|---|---|---|---|
| Michigan | $136,400 | $775 | $550 | $1,090 | $540 |
| Leelanau County, MI | $248,900 | $784 | $530 | $1,110 | $580 |
| Traverse City, MI | $216,800 | $742 | $530 | $1,050 | $520 |
| Grawn, MI | $125,400 | $760 | $540 | $1,050 | $510 |
| Glen Arbor, MI | $683,300 | $2,404 | $1,660 | $3,340 | $1,680 |
| Weldon, MI | $89,300 | $703 | $480 | $970 | $490 |
| Beulah, MI | $137,500 | $777 | $540 | $1,110 | $570 |
| Wexford County, MI | $96,500 | $694 | $500 | $990 | $490 |
| Pilgrim, MI | $422,200 | $1,509 | $1,100 | $2,140 | $1,040 |
| South Arm, MI | $143,600 | $785 | $540 | $1,110 | $570 |
| Missaukee County, MI | $107,100 | $681 | $460 | $970 | $510 |
| Grayling charter, MI | $91,200 | $657 | $470 | $930 | $460 |
| Bagley, MI | $128,300 | $642 | $460 | $920 | $460 |