How much is renters insurance in Michigan

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Renters insurance costs in Michigan vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in Michigan is $340 per year or $28 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.

Key Takeaways

The average cost of renters insurance in Michigan is $340 per year or $28 per month.
Auto-Owners provides the least expensive renters insurance in Michigan at an average rate of $36 annually.
Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Michigan.

Average renters insurance cost in Michigan per month

In Michigan, the average cost of renters insurance is $28 per month. However, the exact premiums may vary based on factors like your location, the value of your belongings, and the amount of coverage you choose. It’s always a good idea to compare quotes from multiple insurers to ensure you get the best deal.

Average renters ins cost per month	Difference compared to national average
$28	$6 more

Average renters insurance cost in Michigan by company

According to our data, Auto-Owners provides the most affordable renters insurance in Michigan, with an average annual rate of $36, followed by Frankenmuth Insurance and Automobile Club MI (AAA).

Getting quotes from multiple renters insurance companies in Michigan is a good idea, as prices can differ significantly among insurers.

Below, you can find average annual and monthly renters insurance rates from various companies in Michigan.

Company	Average annual rate	Average monthly rate
Auto-Owners	$36	$3
Frankenmuth Insurance	$164	$14
Automobile Club MI (AAA)	$195	$16
Progressive	$209	$17
State Farm	$229	$19
Farmers	$384	$32
The Hanover	$610	$51
Michigan Farm Bureau	$1,410	$117
USAA*	$157	$13

*USAA is only available to military community members and their families.

Renters insurance calculator in Michigan

$323/year

Estimated renters insurance rates in Michigan

$27

Monthly renters insurance cost in Michigan

31%

Compared to national average

Average cost of renters insurance in Michigan by coverage level

On average, Michigan renters pay $340 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in Michigan to $247 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.

Below are the average annual renters insurance costs in Michigan for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$254	$21
$20,000 with $500 Deductible and $300,000 Liability	$271	$23
$20,000 with $1,000 Deductible and $100,000 Liability	$230	$19
$20,000 with $1,000 Deductible and $300,000 Liability	$247	$21
$40,000 with $500 Deductible and $100,000 Liability	$352	$29
$40,000 with $500 Deductible and $300,000 Liability	$370	$31
$40,000 with $1,000 Deductible and $100,000 Liability	$323	$27
$40,000 with $1,000 Deductible and $300,000 Liability	$340	$28
$60,000 with $500 Deductible and $100,000 Liability	$449	$37
$60,000 with $500 Deductible and $300,000 Liability	$467	$39
$60,000 with $1,000 Deductible and $100,000 Liability	$415	$35
$60,000 with $1,000 Deductible and $300,000 Liability	$433	$36

Average cost of renters insurance in Michigan by city

Renters insurance premiums can differ significantly depending on the city. To help you find the best policy for your needs, we’ve compiled a breakdown of average costs by city. Explore the typical renters insurance rates across various locations in Michigan.

Renters insurance rates in Michigan by city

See rates in your city

Ann Arbor

Detroit

Grand Rapids

Average cost of renters insurance in Michigan by ZIP code

The cost of renters insurance in Michigan varies by ZIP code. It’s important to note that the affordability of renters insurance can differ significantly depending on your location.

To provide a more comprehensive overview, let’s see some of the most and least affordable ZIP codes for renters insurance in Michigan.

Most affordable ZIP codes for renters insurance in Michigan

The amount Michigan renters pay for insurance largely depends on their ZIP code. Among all the ZIP codes analyzed, 49876 is the state’s most affordable ZIP for renters insurance, with an average annual premium of $282.

Since rates differ by ZIP code, comparing quotes is one of the simplest ways to get the most affordable renters insurance policy in Michigan.

ZIP code	City	Average annual rate	Average monthly rate
49876	Quinnesec	$282	$23
49801	Iron Mountain	$287	$24
49802	Kingsford	$287	$24
48109	Ann Arbor	$288	$24
49858	Menominee	$288	$24
48104	Ann Arbor	$288	$24
49877	Ralph	$288	$24
49892	Vulcan	$289	$24
49870	Norway	$289	$24
49863	Nadeau	$290	$24

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 $732 a year or $61 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 code	City	Average annual rate	Average monthly rate
48213	Detroit	$732	$61

Final thoughts: Average renters insurance in Michigan

Renters insurance is essential for residents of Michigan. It safeguards possessions against damage from fire, theft, vandalism, and natural disasters, ensuring protection in unforeseen circumstances.

To get the best renters insurance at an affordable price, shop around and compare quotes from various insurance carriers. In addition to insurance premiums, consider factors such as coverage options, deductibles, and customer reviews to make an informed decision.

Shivani Gite

Contributing 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.