Best Cheap Renters Insurance in Michigan for 2025
- Frankenmuth Insurance offers MI's lowest renters insurance rate at $8/mo.
- See more average rates from companies like Hastings Mutual and Meemic below.
Or, get a personalized quote from our friends at Liberty Mutual.
How to get affordable renters insurance in Michigan
Renters insurance is an optional — but important — product that works to keep your belongings safe in the event your rental property suffers damage from common incidents. A renters policy defends your items in the event of fire, smoke damage, a wind storm, theft, vandalism and an array of other misfortunes.
Unlike auto insurance, renters policies aren’t priced specifically by state. Even so, there are often differences in renters insurance pricing by state. Renters insurance policy costs in US states vary based on the frequency of — and value of — renters claims filed statewide, and depend on the value of the belongings you're insuring.
Getting a renters policy in Michigan is less expensive than the US average. The average annual cost of renters insurance in Michigan is $155, $29 less expensive than the average across the nation.
The best way to get an affordable renters insurance policy in Michigan is to compare rates from multiple insurance companies. Find out renters insurance rates in Michigan by reviewing the below data. Remember: your rates may differ, depending on your coverage limits and the valuation of your belongings.
Jump to:
- Rates by company
- Rates by city
- Rates by coverage level
- Bundling discounts
- Frequently asked questions
Renters insurance prices in Michigan by company
Prices for renters insurance in Michigan will vary depending on the insurer you select. Frankenmuth Insurance underwrites the most affordable renters insurance in Michigan, at just $102 yearly. This compares favorably to the state's average cost of $155, offering a 35% discount on average policy costs statewide.
Begin the hunt for affordable coverage by reviewing the most affordable Michigan renters insurance carriers, detailed below.
AFFORDABLE RENTERS INSURANCE COMPANIES IN MICHIGAN
| Insurance Company | Average Yearly Rate in Michigan |
| Frankenmuth Insurance | $102 |
| Hastings Mutual | $111 |
| Meemic | $121 |
| Cincinnati Insurance | $147 |
| Pioneer State Mutual | $158 |
Michigan renters insurance costs by city
Renters insurance rates in Michigan differ by city. Rates are determined based on on city-specific variables, such as the number of claims filed nearby, giving your ZIP code weight in deciding how much you pay.
The cheapest renters insurance in Michigan is available in Ann Arbor. An average renters insurance policy in Ann Arbor costs just $125 every 12 months — $30 less than the average policy in other Michigan cities. The below table shows the best places to live in Michigan if you’re looking for cheap renters insurance.
CHEAPEST CITIES FOR RENTERS INSURANCE IN MICHIGAN
| City | Average Yearly Renters Insurance Rate |
| Ann Arbor | $125 |
| Wyoming | $131 |
| Troy | $132 |
| Novi | $133 |
| Livonia | $133 |
Looking for information about renters insurance for a particular city? Check out our list of major metropolitan areas in Michigan.
Â
Renters insurance in MI by coverage tier
Your renters insurance rates will vary depending on your coverage levels. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Michigan, the annual cost differential between these options is approximately $63. If you can afford the up-front expense, it's worth considering.
| Coverage Level | Average Yearly Renters Insurance Rate in Michigan |
| $25K Property | $124 |
| $50K Property | $187 |
Tip: bundle auto and renters insurance in Michigan
If you're looking for savings, consider purchasing your renters and auto policies from the same insurance company. A renters and auto insurance bundle in Michigan can lead to substantial savings on your auto insurance policy. In fact, bundling policies in Michigan may earn you a yearly discount of $110.
Â
CAR AND RENTERS BUNDLING DISCOUNTS IN MICHIGAN
| Avg. Annual Rate (No Bundle) | Avg. Annual Rate (w/ Bundle) | Annual Savings ($) | Annual Savings (%) |
| $2,693 | $2,582 | $110 | 4% |
Michigan renters insurance FAQs
Is renters insurance required in Michigan?
Unlike auto insurance, renters insurance is not mandated by state law in Michigan, but it's an inexpensive way to protect the contents of your home. It's usually required by landlords before you can rent their property.
What does Michigan renters insurance cover?
Liability insurance, protection for your personal property in the rental, additional living expenses, and medical payments to others are generally all included in a basic renters insurance policy. These options and their corresponding limits can be adjusted depending on your individual needs.
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.