Frequently Asked Questions


Yes! Stedman Insurance offers home insurance for homeowners in Michigan. As an independent agency, we work with several insurance companies to find the best coverage and pricing, and can offer a policy tailored to your needs. In addition to home insurance, we offer many other types of insurance including:

  • Auto Insurance
  • Auto & Home Insurance Bundle
  • Renters Insurance
  • Mobile Home Insurance
  • Landlord Insurance
  • Commercial Insurance
  • General Liability Insurance
  • Motorcycle Insurance
  • Boat Insurance
  • Classic Auto Insurance
  • Recreational Vehicle Insurance
  • Umbrella Insurance
  • Pet Insurance

The average cost for home insurance in Michigan varies due to multiple factors including location, claims history, coverage limits, and your home’s characteristics. We work with multiple home insurance carriers to ensure that you receive the most competitive option for your home insurance. 

Unlike car insurance, home insurance is not required by law. However, if you are financing your home, mortgage lenders have a financial interest in it. They will typically require you to have a homeowners insurance policy. Even if you pay off your mortgage, your home is one of your most valuable assets and you will want to protect it. Homeowners insurance not only protects your home and property but may also cover if someone sues you for accidental injuries; You should consider home insurance as a must-have coverage. 


The only way your rate will change mid-policy is if you make changes to your policy. For example, if you add or subtract drivers and/or vehicles, or adjust coverages, your rate will change. However, your rate won’t increase during your policy term due to an accident, a violation, or a filed claim.  

As of July 2020, there are now six PIP medical options to choose from for your auto insurance.  Anyone can choose PIP options 1-3. Options 4-6, require health coverage that will cover an auto-related accident. Here are the options available: 

  1. Unlimited Coverage
  2. 500,000 per person per accident
  3. 250,000 per person per accident
  4. 250,000 per person per accident with exclusions for QHC (qualified health coverage)
  5. 50,000 for persons covered by Medicaid
  6. No PIP medical coverage: Opt-Out with Medicare A&B

Please talk to one of our knowledgeable representatives for more information or questions on PIP coverage in Michigan. 

Collision insurance is a type of coverage that can pay to repair or replace your vehicle if it’s involved in an accident with either a stationary object or another vehicle. Collision coverage isn’t legally required in any state, but your lender may require it if you’re leasing or financing your vehicle. Collision insurance coverage is available for most types of vehicles, including cars, motorcycles, boats, and RVs. 

Rideshare coverage protects you and your vehicle if you drive for a ridesharing service like Uber and Lyft. While ridesharing companies may provide some insurance that applies to drivers operating on their platforms, their coverage may be limited while you’re waiting to match with a rider or when you have a passenger in your vehicle.

A deductible is the out-of-pocket expense you pay before your insurer will cover your claim. For example, if you have a $500 deductible and your car repairs cost $2000, you’ll pay $500 and your insurer will pay the remaining $1500. You can choose your deductible amount from the options offered by your insurance company. The higher your deductible, the more of the claim expense you’re responsible for. That means your out-of-pocket costs will be higher when you have a claim, but you’ll have a lower overall insurance rate. 

Maintenance, mechanical failures, and wear and tear to your vehicle are not covered by auto insurance. If your vehicle is disabled anywhere in the United States or Canada, roadside assistance coverage can pay for a tow to the nearest mechanic.


There are several factors that impact your insurance rate including your coverage options, deductibles, and discounts. Your age, driving record, type of vehicle and insurance history also affect your auto insurance prices. Stedman Insurance has been helping Michigan drivers with their insurance needs since 1959. Working with several competitive insurance companies allows our knowledgeable agents to find a policy tailored to your needs and budget. 

We can do most things over the phone with an email address to electronically sign your documents. Call to speak with one of our friendly representatives for options.

Begin by asking your agent about discounts that might be available on your policy. We’ll work to get you all the discounts for which you qualify.

Some common discounts include:

  • Multi-Policy Discount: you may receive a discount by bundling your auto along with your home, renters or condo insurance with the same carrier. 
  • Good Student Discount: many carriers offer a discount for younger drivers enrolled as a full-time student with a good GPA. 
  • Multi-vehicle Discount: If you have more than one vehicle on your policy, you will see additional savings. 
  • Payment Method Discounts: paid in full or enrolling in automatic payments. 
  • Claim Free Discount: Save on your policy by being claim free 
  • Paperless: Save money and the environment 
  • Prior Insurance Discount: Save if you have no lapse in coverage 
  • Low Mileage: Some carriers offer discounts if you drive less than 5,000 miles annually.

Sometimes it makes sense to bundle your auto and home insurance with the same insurance carrier, but not always.  We have several home insurance carriers that only offer property insurance and will give a discount for having auto insurance with Stedman Insurance Agency. Let us run the numbers for you with our carriers and see what package comes out best! 


Yes, adding automatic payments for your monthly installments will most likely give an additional discount on your policy.  Call us for your policy specific details. 

Most insurance carriers have multiple payment options; EFT (electronic funds transfer), monthly bill by mail, or paid in full.  Often you can receive a discount for paying your premiums in full. 


Many insurers may raise your rate if you get into an accident and file a claim. The exact rate increase will vary by the type of accident and insurer. Many insurers offer accident forgiveness programs, so you will not see a rate increase after certain types of accidents, like your first accident, smaller accidents, or a no-fault incident.

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