How much is renters insurance in Michigan

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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.

Company	Average annual rate	Average monthly rate
Auto-Owners	$35	$3
Automobile Club MI (AAA)	$126	$10
Frankenmuth Insurance	$140	$12
USAA	$142	$12
Progressive	$191	$16
State Farm	$221	$18
Farmers	$364	$30
The Hanover	$700	$58
Michigan Farm Bureau	$1,310	$109

Renters insurance calculator in Michigan

$337/year

Estimated renters insurance rates in Michigan

$28

Monthly renters insurance cost in Michigan

35%

Compared to national average

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 level	Average annual renters insurance rate	Average 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 code	Average annual rate	Average monthly rate
48109	$249	$21
48824	$258	$22
48104	$259	$22
49321	$260	$22
49876	$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 code	Average annual rate	Average monthly rate
48213	$791	$66
48211	$790	$66
48210	$781	$65
48209	$779	$65
48204	$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 city

Renters 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.

Company	Average annual rate	$ bundle average savings	% bundle average savings
Auto-Owners	$472	$68	11%
Automobile Club MI (AAA)	$1,182	$174	13%
State Farm	$1,446	$692	32%
USAA	$1,650	$181	10%
Frankenmuth Insurance	$1,867	$330	15%
Farmers	$3,050	$840	21%
The Hanover	$3,067	$1,121	27%
Michigan Farm Bureau	$8,454	$1,479	15%

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.

How much is renters insurance in other states

Alaska$223/Year

Alabama$329/Year

Arkansas$337/Year

Arizona$218/Year

California$257/Year

Colorado$173/Year

Connecticut$250/Year

Delaware$230/Year

Florida$359/Year

Georgia$330/Year

Hawaii$231/Year

Iowa$181/Year

Idaho$174/Year

Illinois$211/Year

Indiana$240/Year

Kansas$236/Year

Kentucky$193/Year

Louisiana$495/Year

Massachusetts$234/Year

Maryland$243/Year

Maine$172/Year

Minnesota$200/Year

Missouri$206/Year

Mississippi$394/Year

Montana$246/Year

North Carolina$324/Year

North Dakota$153/Year

Nebraska$242/Year

New Hampshire$155/Year

New Jersey$181/Year

New Mexico$194/Year

Nevada$235/Year

New York$272/Year

Ohio$226/Year

Oklahoma$262/Year

Oregon$254/Year

Pennsylvania$241/Year

Rhode Island$436/Year

South Carolina$290/Year

South Dakota$184/Year

Tennessee$272/Year

Texas$225/Year

Utah$181/Year

Virginia$219/Year

Vermont$166/Year

Washington$224/Year

Wisconsin$148/Year

West Virginia$236/Year

Wyoming$126/Year

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.