How Much Is Flood Insurance in Michigan?
The average cost per policy in Michigan through the NFIP is $1,029.39. Depending on where you live, this average could vary substantially! If you're interested in a quote for a private flood insurance policy to compare costs to the NFIP, we offer both! Quote online to compare costs and coverages side-by-side with our quick online quote tool.
Average Costs through the NFIP
City | Average Cost per Policy |
|---|---|
Detroit | $851.31 |
Grand Rapids | $968.94 |
Warren | $1,078.90 |
Sterling Heights | $1,270.44 |
Ann Arbor | $629.93 |
Lansing | $2,223.95 |
Flint | $1,206.50 |
Dearborn | $840.47 |
Livonia | $620.56 |
Westland | $575.44 |
*NFIP Average Prices as of April 30th, 2025.
Our Private Flood Insurance Prices Are Often Lower!
Our private flood insurance averages are often much lower than those shown above! Get a quote online and find out how much we can save you.
Easily compare rates from top-rated private flood insurance carriers with an NFIP quote. We offer both! Quote online to compare prices and save money on flood insurance.
Do I Need Flood Insurance in Michigan?
Flood damage is expensive, which is why it's typically excluded from standard homeowners insurance.. More than 365,000 homes and businesses in Michigan face at least a 26% chance of sustaining significant flood damage in the next 30 years.
Did you know that if your home is in a high risk area, federal law requires you to purchase flood insurance? That is, if you purchase a home with government-backed or government-issued financing, you are required to have it. To find out if you're in a flood zone, enter your address into our Flood Zone Lookup Tool.
Does Homeowners Insurance in Michigan Cover Flooding?
Homeowners insurance generally excludes flood coverage. Obtaining a flood insurance policy is typically left up to the homeowner. If you're looking to get a policy, we offer a 100% online process. You can get a quote started here!
How to Get Flood Insurance Without a Flood Elevation Certificate
Quality flood insurance is available without the added expense and trouble of getting an elevation certificate. FloodPrice can compare the rates for both private flood insurance and the NFIP to make sure you are getting the right coverage for the best price. Check out our quote page now to find out what coverage we can offer.
How Do I Get Cheap Flood Insurance in Michigan?
Private flood insurance may cost less than the NFIP, but not always. That's why we quote both. Instantly compare prices and coverage entirely online! No emails, no callbacks, no waiting.
We'll show you a side-by-side comparison summary of what's covered by the NFIP versus private flood insurance. So if you ever need to file a claim, there are no surprises. Just peace of mind.
Floods are costly. Even a few inches of water can cause tens of thousands of dollars in damage. Most people without flood insurance are left financially devastated. Save money while protecting your home, get a quick quote online and compare your options today.
Flood Insurance Pricing Changes in Michigan
The NFIP recently adjusted its pricing system called Risk Rating 2.0. Their view of risk assessment now aligns more closely with practices that private carriers implemented years earlier.
As a result, most policyholders in Michigan have seen changes to their premiums. According to FEMA, approximately 66% of policyholders nationwide were projected to see price increases with the updated pricing methodology.
Why Did the NFIP Implement Risk Rating 2.0?
FEMA moved away from antiquated pricing based on flood zones and elevation certificates, and toward assessing each individual property. These adjustments are intended to more accurately reflect each property's unique flood risk. The following are considered by the NFIP when calculating your premium:
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Distance to water (river, coast, etc.)
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Cost to rebuild
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Flood frequency and types (coastal, riverine, and heavy rain)
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Ground elevation and foundation type
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Historical claims and mitigation efforts
Compare NFIP with Private Flood Insurance Premiums Online
At FloodPrice, you can compare NFIP and Private Flood Insurance quotes side-by-side with our quick online quote tool. This makes it easier to find a policy that fits your budget and your needs. While private policies often offer more flexibility and may be less expensive for some, the NFIP still offers robust coverage, especially in high-risk or FEMA-regulated zones.
Need help from a Flood Expert? Call us at 866-503-5663 for personalized assistance.
