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 $471 per year or $39 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 $471 per year or $39 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 $39 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
$39	$15 more

Average renters insurance cost in Michigan by company

Auto-Owners offers the most affordable renters insurance in Michigan at an average annual rate of $36, followed by Frankenmuth Insurance and Auto Club Group – ACG (AAA), based on our data.

However, you should get multiple quotes from various renters insurance companies in Michigan because the prices vary greatly among carriers.

Below, we have compared the average annual and monthly renters insurance rates of insurance companies across Michigan.

Company	Average annual rate	Average monthly rate
Auto-Owners	$36	$3
Frankenmuth Insurance	$180	$15
Auto Club Group – ACG (AAA)	$224	$19
State Farm	$248	$21
Progressive	$330	$28
Farmers	$399	$33
The Hanover	$789	$66
Michigan Farm Bureau	$2,169	$181
USAA*	$169	$14

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

Renters insurance calculator in Michigan

$454/year

Estimated renters insurance rates in Michigan

$38

Monthly renters insurance cost in Michigan

68%

Compared to national average

Average cost of renters insurance in Michigan by coverage level

The average annual cost of renters insurance in Michigan is $471, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $332 a year for renters insurance in Michigan. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows 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	$330	$27
$20,000 with $500 Deductible and $300,000 Liability	$346	$29
$20,000 with $1,000 Deductible and $100,000 Liability	$316	$26
$20,000 with $1,000 Deductible and $300,000 Liability	$332	$28
$40,000 with $500 Deductible and $100,000 Liability	$475	$40
$40,000 with $500 Deductible and $300,000 Liability	$492	$41
$40,000 with $1,000 Deductible and $100,000 Liability	$454	$38
$40,000 with $1,000 Deductible and $300,000 Liability	$471	$39
$60,000 with $500 Deductible and $100,000 Liability	$621	$52
$60,000 with $500 Deductible and $300,000 Liability	$638	$53
$60,000 with $1,000 Deductible and $100,000 Liability	$593	$49
$60,000 with $1,000 Deductible and $300,000 Liability	$610	$51

Average cost of renters insurance in Michigan by city

Renters insurance rates can vary widely between cities. To make finding the right policy easier, we’ve broken down the costs by city. Discover how much renters insurance typically costs in different areas of 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

Renters insurance costs in Michigan vary by ZIP code. Below, we’ll cover which ZIP codes have the most affordable coverage and which areas have the highest premiums.

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, 48104 is the state’s most affordable ZIP for renters insurance, with an average annual premium of $378.

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
48104	Ann Arbor	$378	$31
49682	Suttons Bay	$384	$32
49674	Omena	$385	$32
49670	Northport	$387	$32
48176	Saline	$387	$32
48108	Pittsfield	$389	$32
49802	Kingsford	$390	$32
49876	Quinnesec	$393	$33
49801	Iron Mountain	$395	$33
49630	Empire	$396	$33

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. 48205 is the least affordable ZIP code for Michigan renters at an average cost of $1,031 a year or $86 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
48205	Detroit	$1,031	$86
48236	Grosse Pointe Woods	$934	$78
48506	Flint	$760	$63
48075	Southfield	$743	$62
48212	Hamtramck	$720	$60
48229	Ecorse	$714	$59
48218	River Rouge	$637	$53
48604	Saginaw	$637	$53
48120	Dearborn	$628	$52
48237	Oak Park	$601	$50

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. In addition to price, consider factors like coverage options, deductibles and customer reviews.

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.