Home Home insurance Renters insurance Renters insurance cost How much is renters insurance in Michigan How much is renters insurance in Michigan By Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Updated on January 18, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. How much does renters insurance cost in Michigan varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Michigan is $337 per year or $28 per month for coverage limits of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ. Renters insurance cost by provider in Michigan Auto-Owners offers affordable renters insurance in Michigan at an average annual rate of $35 followed by Automobile Club MI (AAA) and Frankenmuth Insurance, based on Insure.com’s analysis. But it’s smart to get multiple quotes for various renters insurance providers in Michigan because the insurance prices vary a lot among carriers. Below we have compared the average annual and monthly renters insurance rates of insurance companies across Michigan. CompanyAverage annual rateAverage monthly rateAuto-Owners$35$3Automobile Club MI (AAA)$126$10Frankenmuth Insurance$140$12USAA$142$12Progressive$191$16State Farm$221$18Farmers$364$30The Hanover$700$58Michigan Farm Bureau$1,310$109 Renters insurance calculator in Michigan Select your state Michigan Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Washington, D.C. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Personal property coverage Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings. $40,000 $20,000 $40,000 $60,000 Liability Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended. $100,000 $100,000 $300,000 Deductible Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims. $1,000 $500 $1,000 Calculate $337/year Estimated renters insurance rates in Michigan $28 Monthly renters insurance cost in Michigan 35% Compared to national average Get quotes Average cost of renters insurance in Michigan by coverage level As we discussed above, in Michigan, the average cost of renters insurance is $337 per year. These rates are for the coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $239 per year for renters insurance in Michigan for $300,000 in liability protection and $1000 deductible. Find below the average cost of renters insurance in Michigan for personal property coverage of $20,000 and $40,000. Coverage levelAverage annual renters insurance rateAverage monthly renters insurance rate$20,000$239$20$40,000$337$28$60,000$418$35 Most affordable ZIP codes for renters insurance in Michigan How much Michigan renters pay for insurance majorly depends on the ZIP code they live in. 48109 is the most affordable ZIP for renters insurance in Michigan among all the ZIP codes analyzed, at about $249 a year on average. Rates vary based on the ZIP code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Michigan. ZIP codeAverage annual rateAverage monthly rate48109$249$2148824$258$2248104$259$2249321$260$2249876$264$22 Tips for Reducing Renters Insurance Costs: Cutting down on renters insurance rates is possible through strategic adjustments. One method is to increase your deductible and decrease coverage amounts. However, striking a balance is crucial; an excessively high deductible might become unaffordable in the event of a claim, and insufficient coverage leaves you unprotected. Exploring discounts is another avenue for savings. Common renters insurance discounts include: Bundling policies with the same insurer (e.g., combining auto and renters insurance) Installing security systems Having smoke and fire detectors in place Enrolling in autopay for convenience. Opting for six-month or yearly payments instead of monthly installments Regularly comparing quotes from different insurance providers Least affordable ZIP codes for renters insurance in Michigan Your ZIP code, among other factors, affects how much you pay for renters insurance in Michigan. 48213 is the least affordable zip code for Michigan renters at an average cost of $791 a year or $66 monthly. We have analyzed quotes from the major insurance carriers across all the ZIP codes in Michigan. Below are the average annual renters insurance costs by ZIP code. ZIP codeAverage annual rateAverage monthly rate48213$791$6648211$790$6648210$781$6548209$779$6548204$773$64 Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below. Renters insurance rates in Michigan by cityAnn ArborDetroitGrand RapidsSterling HeightsWarrenRenters and auto bundle discounts in Michigan If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company. Bundling policies can help you save an average of 17% per year in Michigan. Auto-Owners offers the cheapest rate on renters and auto insurance bundle, you can save 11% a year on your premiums. CompanyAverage annual rate$ bundle average savings% bundle average savingsAuto-Owners$472$6811%Automobile Club MI (AAA)$1,182$17413%State Farm$1,446$69232%USAA$1,650$18110%Frankenmuth Insurance$1,867$33015%Farmers$3,050$84021%The Hanover$3,067$1,12127%Michigan Farm Bureau$8,454$1,47915% Final thoughts: Average renters insurance in Michigan Renters insurance is a must-have for renters in Michigan. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters. To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price. Methodology Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Michigan. These rates include a coverage limit of $300,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none. Explore other insurance options in Michigan Average homeowners insurance cost in Michigan Average car insurance cost in Michigan Non-owner auto insurance in Michigan How much is renters insurance in other statesAlaska$223/YearAlabama$329/YearArkansas$337/YearArizona$218/YearCalifornia$257/YearColorado$173/YearConnecticut$250/YearDelaware$230/YearFlorida$359/YearGeorgia$330/YearHawaii$231/YearIowa$181/YearIdaho$174/YearIllinois$211/YearIndiana$240/YearKansas$236/YearKentucky$193/YearLouisiana$495/YearMassachusetts$234/YearMaryland$243/YearMaine$172/YearMinnesota$200/YearMissouri$206/YearMississippi$394/YearMontana$246/YearNorth Carolina$324/YearNorth Dakota$153/YearNebraska$242/YearNew Hampshire$155/YearNew Jersey$181/YearNew Mexico$194/YearNevada$235/YearNew York$272/YearOhio$226/YearOklahoma$262/YearOregon$254/YearPennsylvania$241/YearRhode Island$436/YearSouth Carolina$290/YearSouth Dakota$184/YearTennessee$272/YearTexas$225/YearUtah$181/YearVirginia$219/YearVermont$166/YearWashington$224/YearWisconsin$148/YearWest Virginia$236/YearWyoming$126/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. In case you missed it What is HO-6 condo insurance and what does it cover? Average homeowners insurance cost by ZIP code in 2024 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: How hurricane insurance works Replacement cost policies for your home: Getting what you pay for How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2024 Homeowners insurance basics Home Insurance Advisor The Best Cheap Homeowners Insurance of 2021: Guide How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home insurance discounts for cheaper rates How much does dog liability insurance cost and do you need it? 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