How much is renters insurance in Michigan?

The average cost of renters insurance in Michigan is $323 a year, and the average monthly cost is $27. 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 may differ from your neighbours 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$323
Average monthly premium$27
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Best renters insurance companies in Michigan

Auto-Owners, State Farm and Automobile Club MI (AAA) are our best renters insurance companies in Michigan.

Rates differ widely between renters insurance providers, so it pays to shop around. But rates aren’t the entire picture. It’s also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Michigan, we reviewed rates and third-party ratings including complaint volume with the National Association of Insurance Commissioners (NAIC) and financial ratings from AM Best.

Among the carriers surveyed, Auto-Owners is the best renters insurance company in Michigan, with a top score and an average renters insurance rate of $35.

Below is our list of best renters insurance companies in Michigan based on that analysis, with our score out of five.

CompanyAverage annual premiumAM BestNAICInsurance.com rating
Auto-Owners$35A++0.335
State Farm$219A++0.954.74
Automobile Club MI (AAA)$165A0.294.73
Frankenmuth Insurance$147B++0.034.64
The Hanover$608A0.54.29
Farmers$365A0.543.81
Progressive$194A+8.453.59
Michigan Farm Bureau$1,369A-0.253.55
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Cheapest renters insurance in Michigan

Auto-Owners is the cheapest renters insurance company in Michigan based on our rate analysis with an average annual premium of $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 cheapest renters insurance companies in Michigan and their average annual premiums.

Company nameAverage annual premium
Auto-Owners$35
Frankenmuth Insurance$147
Automobile Club MI (AAA)$165
Progressive$194
State Farm$219
Farmers$365
The Hanover$608
Michigan Farm Bureau$1,369
USAA$142
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Renters insurance calculator

Average renters insurance rates in Michigan
Please enter valid zip code
$20,000
$20,000 $40,000 $60,000
$100,000
$100,000 $300,000
$500
$1,000 $500

Most & least expensive ZIP codes for renters insurance in Michigan

ZIP codeCityHighest rate
48213Detroit$714
48205Detroit$713
48228Detroit$711
48234Detroit$708
ZIP codeCityLowest rate
49876Quinnesec$264
49801Iron Mountain$270
48104Ann Arbor$270
48109Ann Arbor$270
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Michigan renters insurance: The least and most expensive ZIP codes

Where you live in Michigan affects how much you pay for renters insurance. The most expensive ZIP code in Michigan for renters insurance is 48213, where the average annual rate is $714 which is $391 more than the state average insurance premium.

On the other end of the spectrum, the least expensive ZIP code for renters insurance is 49876, with an average annual rate of $264.

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

Best home insurance companies in Texas
ZIP codeAverage annual rate
48213$714
48205$713
48228$711
48234$708
48227$707
48221$705
48219$704
48224$702
48223$701
48206$700
ZIP codeAverage annual rate
49876$264
49801$270
49870$272
49682$273
48105$274
49783$276
49424$277
49417$279
48877$332
48420$340

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.

CityAnnual 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
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How to get cheap renters insurance in Michigan

There are a few things you can do to get cheaper renters insurance in Michigan:

  • Shop around. Not every Michigan renters insurance company offers the same rates or discounts. Shop around for the best price.
  • Ask about discounts. There are a lot of discounts available on renters insurance; one of the biggest is bundling your home and auto insurance, so ask for an auto quote at the same time.
  • Chose a higher deductible. Your deductible affects your premiums; higher deductibles mean lower rates. Just ensure you can afford the deductible if you have to pay it.

Insurance.com compared renters insurance rates provided by Quadrant Information Services 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. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

Michigan renters insurance: FAQ

Do I need renters insurance in Michigan?

Renters insurance isn’t required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Michigan?

You don’t need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.

Compare Michigan renters insurance rates with other states

Alabama
$310 /year
Alaska
$233 /year
Arizona
$237 /year
Arkansas
$346 /year
California
$253 /year
Colorado
$175 /year
Connecticut
$265 /year
Delaware
$170 /year
Florida
$230 /year
Georgia
$334 /year
Hawaii
$231 /year
Idaho
$169 /year
Illinois
$227 /year
Indiana
$249 /year
Iowa
$188 /year
Kansas
$238 /year
Kentucky
$193 /year
Louisiana
$472 /year
Maine
$174 /year
Maryland
$243 /year
Massachusetts
$244 /year
Minnesota
$203 /year
Mississippi
$367 /year
Missouri
$210 /year
Montana
$256 /year
Nebraska
$266 /year
Nevada
$233 /year
New Hampshire
$160 /year
New Jersey
$190 /year
New Mexico
$191 /year
New York
$276 /year
North Carolina
$323 /year
North Dakota
$173 /year
Ohio
$231 /year
Oklahoma
$266 /year
Oregon
$266 /year
Pennsylvania
$249 /year
Rhode Island
$473 /year
South Carolina
$272 /year
South Dakota
$188 /year
Tennessee
$272 /year
Texas
$214 /year
Utah
$183 /year
Vermont
$166 /year
Virginia
$217 /year
Washington
$205 /year
Washington, D.C.
$260 /year
West Virginia
$231 /year
Wisconsin
$153 /year
Wyoming
$126 /year
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