Renters insurance in Michigan costs an average $29 per month, or $345 per year. Even more affordable plans are available in the state for as low as $16 per month.
Renters insurance is generally an affordable investment. Considering the potential cost of replacing your personal items, a monthly premium feels like a small price to pay for peace of mind. Our comprehensive guide to renters insurance in Michigan includes:
In this article
Cheapest renters insurance companies in Michigan
Amica offers the cheapest renters insurance in Michigan, at $194 a year, based on our study of the state's providers. You can save money by comparing quotes from different carriers.
| Company | Average annual premium |
|---|---|
| Allstate | $541 |
| Farmers | $388 |
| Nationwide | $257 |
| Amica | $194 |
| Note: Average rates are based on online quotes from provider websites. Your rates may vary. | |
Best renters insurance companies in Michigan
There are many great renters insurance companies to consider when shopping for a policy in Michigan. When comparing quotes, you'll find that providers offer different types of coverages and discounts. To help you find the policy that best fits your needs, we researched renters insurance companies in Michigan.
Best overall: Amica
Amica is our top pick among Michigan renters insurers due to its cheap rates and discounts. Amica has an average premium of $194 a year, or $16 a month, which is 44% less than the state average. Amica also offers various discounts to help you save even more money, including a loyalty discount, a multi-policy discount and a claim-free discount.
Best for coverage options: Nationwide
Most renters insurance policies have standard coverages that vary little between companies. However, many carriers offer add-on coverages. Nationwide offers several optional coverages, including earthquake and theft extension. It also has an optional coverage that protects you against damage caused by backed-up sewers or drains. And you can get additional coverage for high-value items, too.
Best customer service ratings
Customer service is an important factor to consider when comparing renters insurance quotes. The table below compares various insurance companies' customer service ratings.
| Company | Overall customer satisfaction rating (out of 1,000) |
|---|---|
| USAA | 893 |
| Lemonade | 870 |
| State Farm | 866 |
| American Family | 838 |
| Nationwide | 834 |
| Allstate | 833 |
| Farmers | 831 |
| Liberty Mutual | 823 |
| ASI Progressive | 816 |
| Travelers | 815 |
| Source: J.D. Power 2021 U.S. Home Insurance Study, Renters Insurance | |
Find Cheap Renters Insurance Quotes in Michigan
Cost of renters insurance in Michigan by city
Renters insurance varies in price from city to city. Ann Arbor has the cheapest average rate among Michigan's largest cities, at $301 a year, while Detroit has the highest, at $569 a year.
| City | Average annual premium |
|---|---|
| Detroit | $569 |
| Grand Rapids | $306 |
| Ann Arbor | $301 |
| Lansing | $303 |
| Flint | $545 |
| Dearborn | $304 |
| Livonia | $351 |
| Macomb | $302 |
| Kalamazoo | $303 |
| Note: Average rates are based on online quotes from provider websites. Your rates may vary. | |
Renters insurance quotes in Michigan
We encourage renters to take their time when looking at renters insurance quotes. Price and coverage limits are the first factors many renters consider, but there are other things to take into consideration as well. Two plans that offer similar coverage limits for similar prices might turn out to offer very different qualities of service.
A helpful step is to familiarize yourself with the different types of coverage offered in renters insurance policies. Here's what standard renters insurance covers:
- Personal property
- Personal liability
- Medical payments to others
- Loss of use
Also consider what is most important to you. For instance, if you want to save money, you can bundle renters insurance with another policy offered by the same company to save money on both plans.
You may also want a provider that will guarantee you a designated agent who can be available if you need to communicate directly with someone at the company.
Renters insurance laws and protections in Michigan
Across the country, renters insurance is regulated at the state level. In Michigan, the Department of Insurance and Financial Services monitors the insurance industry. If you encounter problems with cancellation or nonrenewal of your policy, or if you need to file a complaint, you can contact this agency.
Tenants in Michigan are not required to purchase renters insurance. However, landlords may require tenants to purchase renters insurance as part of the terms of their lease. The location of your rental unit and the construction type of the unit can affect your monthly premium. Whether your landlord requires renters insurance or not, we always recommend purchasing renters insurance.
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