Best and cheapest renters insurance in Michigan

Best renters insurance companies in Michigan

When choosing the best renters insurance company in Michigan, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in Michigan. Below is our list of best renters insurance companies in Michigan based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

Company	Average rating(out of 5)
State Farm	4
Automobile Club MI (AAA)	3.5
Progressive	3.5
USAA	3.5
Farmers	2.5

Compare the best renters insurance companies in Michigan

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for Michigan residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, State Farm is the best renters insurance company in Michigan. It earned 844 out of 1000 from J.D. Power and has an average renters insurance rate of $221.

The table below offers a detailed comparison of renters insurance companies in Michigan.

Company	J.D. Power Score	Average Annual Premium	AM Best Ratings
State Farm	844	$221	A++
Automobile Club MI (AAA)	812	$126	A
USAA	894	$142	A++
Progressive	804	$191	A+
Farmers	842	$364	A

How much is renters insurance in Michigan

Michigan residents pay an average of $337 a year for renters insurance, and the average monthly cost is $28. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“The number one thing that’s most important is to get good liability. A renter’s policy will default to $100,000 liability,” Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. “It costs next to nothing to go from $100,000 to $500,000. I want to say it’s probably 10 bucks a year. It’s really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that’s, at its core, what insurance is all about: the worst-case scenario.”

Average Annual Premium	Average Monthly Premium
$337	$28

Most expensive ZIP codes in Michigan for renters insurance

Several factors affect your renters insurance coverage cost in Michigan, including your location and the coverage you buy. The most expensive ZIP code in Michigan for renters insurance is 48213, where the average annual rate is $791 which is $454 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in Michigan for renters insurance.

ZIP code	Average Annual Rate
48213	$791
48211	$790
48210	$781
48209	$779
48204	$773
48228	$762
48216	$757
48238	$755
48227	$754
48234	$750

Least expensive ZIP codes in Michigan for renters insurance

Renters insurance rates in Michigan are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Michigan is 48109, and its average annual rate is $249.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP code	Average Annual Rate
48109	$249
48824	$258
48104	$259
49321	$260
49876	$264
48105	$266
49430	$267
49870	$269
49417	$271
49525	$272

Compare renters insurance rates by city in Michigan

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Michigan.

City	Annual insurance premium
Ann Arbor	$265
Dearborn	$409
Detroit	$725
Grand Rapids	$297
Lansing	$293
Livonia	$329
Sterling Heights	$331
Troy	$302
Warren	$343
Westland	$373

Cheap renters insurance in Michigan by company

There are a lot of companies offering renters insurance in Michigan. Among the carriers surveyed by Insurance.com, Auto-Owners is the cheapest renters insurance company in Michigan; its average annual premium is $35.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in Michigan and their average annual premiums.

Company Name	Average Annual Premium
Michigan Farm Bureau	$1,310
Automobile Club MI (AAA)	$126
Frankenmuth Insurance	$140
USAA	$142
Progressive	$191
State Farm	$221
Auto-Owners	$35
Farmers	$364
The Hanover	$700

Methodology

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. Content was updated in 2023.