Cheap renters insurance in Michigan for 2022

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Looking for cheap renters insurance in Michigan? Consider getting quotes from USAA, State Farm and Safeco. In our analysis these companies offer the cheapest rates of all the carriers surveyed. But it’s smart to get multiple quotes for Michigan renters insurance because the prices vary a lot among carriers. Below is the list of cheapest renters insurance companies in Michigan:

USAA
State Farm
Farm Bureau
Safeco
Fire Ins Exch

Cheapest renters insurance companies in Michigan

According to Insure.com’s analysis, USAA offers the cheapest renters insurance in Michigan at about $261 a year or $22 per month. State Farm is in second place with an average annual rate of $340. However, the cost of your premium may vary depending on factors specific to you.

Company	Average annual rate	Average monthly rate
USAA	$261	$22
State Farm	$340	$28
Farm Bureau	$433	$36
Safeco	$459	$38
Fire Ins Exch	$470	$39
Allstate	$479	$40
Memberselect	$485	$40
Auto Owners	$542	$45
Citizens	$1,040	$87

Average cost of renters insurance in Michigan by coverage level

The average cost of renters insurance in Michigan is $352 per year or $29 per month. These rates are for coverage level of $20,000 for personal property, $300,000 for liability protection and $1000 as deductible.

Whereas, renters insurance costs $527 annually for coverage limit of $40,000 as personal property, $300,000 for liability and $1000 deductible.

Coverage level	Avg. annual renters insurance rate	Avg. monthly renters insurance rate
$20,000	$352	$29
$40,000	$527	$44
$60,000	$691	$58

Most affordable ZIP codes for renters insurance in Michigan

48109 is the most affordable zip code for renters insurance in Michigan. Our insurance experts have analyzed price quotes from all the major carriers in Michigan and put together a list of the most affordable zip codes with cheapest renters insurance.

ZIP code	Average annual rate	Average monthly rate
48109	$370	$31
49931	$385	$32
49321	$386	$32
48105	$390	$32
48642	$391	$33
48104	$392	$33
48176	$394	$33
48103	$396	$33
48825	$399	$33
49752	$400	$33

Least affordable ZIP codes for renters insurance in Michigan

Of all the zip codes analyzed by Insure.com, 48221 is the least affordable zip code for renters insurance in Michigan. Its average annual rate for Michigan renters is $1,188 a year or $99 per month. The insurance rates in a city can vary depending on many factors, such as crime rate and weather. A population with a low crime rate will have much lower premiums in comparison to other areas.

ZIP code	Average annual rate	Average monthly rate
48221	$1,188	$99
48227	$1,183	$99
48205	$1,180	$98
48204	$1,177	$98
48224	$1,168	$97
48238	$1,167	$97
48208	$1,154	$96
48212	$1,129	$94
48207	$1,127	$94
48206	$1,114	$93

Renters and auto bundle discounts in Michigan

Bundling with your auto insurance is a great way to save money on renters coverage. If you purchase your auto and renters insurance policies from the same company you can save an average of $422 per year in Michigan.

Below is a list of companies that offer cheap rates upon bundling and you can also find how much you will have to pay if you don’t bundle your policies.

Company	Average annual rate	Average base annual rate (without bundling)	$ bundle average savings	% bundle average savings
Geico	$1,308	$1,345	$37	3%
Progressive	$1,430	$1,525	$95	6%
Nationwide	$1,936	$2,000	$64	3%
Meemic	$1,941	$2,146	$204	10%
Fremont	$2,007	$2,617	$610	23%
Frankenmuth Mut	$2,011	$2,282	$271	12%
Auto Owners	$2,044	$2,271	$227	10%
State Farm	$3,026	$3,612	$586	16%
Farmers	$4,560	$5,667	$1,108	19%
Citizens Of The Midwest	$5,385	$6,406	$1,021	16%