Michigan Renters Insurance

Learn more about renters insurance in Michigan.

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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:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. 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.

Insurance CompanyAverage Yearly Rate in Michigan
Frankenmuth Insurance$102
Hastings Mutual$111
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.

CityAverage Yearly Renters Insurance Rate
Ann Arbor$125

Looking for information about renters insurance for a particular city? Check out our list of major metropolitan areas in Michigan.

  1. Detroit


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 LevelAverage 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.


Avg. Annual Rate (No Bundle)Avg. Annual Rate (w/ Bundle)Annual Savings ($)Annual Savings (%)

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.

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Ross Martin
Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com and Kin Insurance.