How much is renters insurance in Michigan

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Renters insurance costs in Michigan vary depending on your coverage level, insurance provider, and personal circumstances. On average, renters in Michigan pay $471 per year or $39 per month for a policy that includes $40,000 in personal property coverage, $300,000 in liability protection and a $1,000 deductible.

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

The average cost of renters insurance in Michigan is $39 per month. Your premium may vary depending on your location, the value of your belongings, and the coverage limits you select. It’s recommended that you compare multiple insurance quotes to find the best price.

Average renters ins cost per month	Difference compared to national average
$39	$15 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 Auto Club Group – ACG (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	$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 premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Michigan and find the best fit for your budget.

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

In Michigan, the cost of renters insurance can vary significantly across ZIP codes. Here, we’ll show you the ZIP codes where renters insurance is most affordable and where it costs the most.

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

48205 is the most expensive ZIP code for renters insurance in Michigan, at an average cost of $1,031 annually or $86 monthly.

We’ve gathered and analyzed quotes from major insurance companies across all ZIP codes in Michigan. The table below shows the average annual renters insurance rates 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 for Michigan renters. It protects personal belongings from damage caused by fire, theft, vandalism and natural disasters, giving renters confidence and peace of mind.

Finding the most affordable renters insurance requires shopping around and comparing quotes from multiple insurers. To make an informed choice, consider not just the price but also the 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.