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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

The average cost of renters insurance in Michigan is $28 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 monthDifference compared to national average
$28$6 more

Average renters insurance cost in Michigan by company

Renters in Michigan can find the most budget-friendly insurance with Auto-Owners, which has an average annual cost of $36, according to our data. Other affordable options include Frankenmuth Insurance and Automobile Club MI (AAA).

It’s a good idea to gather quotes from at least three insurance providers, as each company calculates premiums differently.

Below are the average annual and monthly renters insurance rates from various insurers in Michigan.

CompanyAverage annual rateAverage 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

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

As we discussed above, the average cost of renters insurance in Michigan is $340 per year. These rates are for a 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 $247 per year for renters insurance in Michigan, which provides $300,000 in liability protection with a $1000 deductible.

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

Coverage levelAverage annual renters insurance rateAverage 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 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 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

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

In Michigan, your ZIP code plays a major role in determining your premiums. Based on our data, 49876 is the most affordable ZIP code for renters insurance, with an average annual cost of $282.

Comparing quotes from multiple insurers in Michigan is a smart way to find the best renters insurance rates for your ZIP code.

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

Least affordable ZIP codes for renters insurance in Michigan

Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in Michigan is 48213, with an average cost of $732 a year or $61 monthly.

We analyzed quotes from multiple insurance providers across every ZIP code in Michigan. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.

ZIP codeCityAverage annual rateAverage monthly rate
48213Detroit$732$61

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.

How much is renters insurance in other states

Alaska$257/Year
Alabama$324/Year
Arkansas$363/Year
Arizona$260/Year
California$271/Year
Colorado$191/Year
Connecticut$292/Year
Delaware$181/Year
Florida$248/Year
Georgia$352/Year
Hawaii$247/Year
Iowa$203/Year
Idaho$184/Year
Illinois$246/Year
Indiana$269/Year
Kansas$251/Year
Kentucky$207/Year
Louisiana$504/Year
Massachusetts$262/Year
Maryland$256/Year
Maine$198/Year
Minnesota$211/Year
Missouri$231/Year
Mississippi$387/Year
Montana$275/Year
North Dakota$192/Year
Nebraska$295/Year
New Hampshire$173/Year
New Jersey$207/Year
New Mexico$201/Year
Nevada$246/Year
New York$293/Year
Ohio$252/Year
Oklahoma$281/Year
Oregon$288/Year
Pennsylvania$274/Year
Rhode Island$476/Year
South Dakota$202/Year
Tennessee$290/Year
Texas$226/Year
Utah$204/Year
Virginia$235/Year
Vermont$182/Year
Washington$222/Year
Wisconsin$167/Year
West Virginia$248/Year
Wyoming$136/Year
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Shivani Gite
Contributing Writer

 
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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.

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