How Much Does Renters Insurance Cost in Michigan

How much is renters insurance in Michigan? That’s what most tenants ask before signing a lease or renewing a policy. Although renters insurance costs vary for each individual, knowing the average rates of Michigan can help you compare the quotes you received from your preferred insurance carriers.

The rates of renters insurance in Ann Arbor will not be the same as those in Detroit. Insurance companies research your area and collect risk factors based on your zip code. Similarly, rates may vary based on other factors as well, such as coverage limits, deductibles, and so on.

In this article, we’ll break down the average costs of renters insurance in Michigan. Plus, we’ll discuss the factors that actually affect your rates and the tips to reduce renters insurance costs.

Average Renters Insurance Costs in Michigan in 2025

Regardless of the state you’re living in, renters insurance is relatively cheaper than other property and casualty insurance. The average renters insurance cost in Michigan is around $288 per year or about $24 per month. However, the national average is roughly $173 per year. This means you’ll have to pay 66% higher for renters insurance in Michigan than the national average.

Obviously, there are reasons behind this. Michigan sees more property crimes, weather-related risk, and water damage claims compared to many states. And insurance providers use all these risk factors while setting rates for you.

But don’t worry, there are companies and independent insurance agencies in Michigan who can provide you with the lowest rates for renters insurance. L.A. Insurance offers one of the most affordable renters insurance coverage for Michiganders. And you can get quotes from top insurance carriers from us and compare your rates within a few minutes.

Based on where you live in Michigan, your renters insurance rate could be as low as $3 per month. There are pricier options as well. For instance, Michigan Farm Bureau can go over $100 per month. It means your chosen renters insurance provider in Michigan will significantly affect how much you’ll pay for renters insurance.

This brings us to our next discussion, which is what factors affect renters insurance costs.

Factors Affecting Renters Insurance Rate in Michigan

Renters insurance isn’t fixed for all. Everyone pays a different amount. The amount is set by insurers based on several key factors. These are:

• Location (Zip Code)
• Insurance providers
• Coverage limits
• Deductible
• Type of coverage

All these major factors add up to shape your final renters insurance quote. Let’s discuss these factors to understand how much they truly impact your rates.

Renters Insurance Cost by Location in Michigan

Renters insurance rates vary based on where you live in Michigan. Rates change from city to city and even block to block. That’s because ZIP codes carry different levels of risk from property crime and theft to natural disasters and water damage. Let’s break this down by city/zip code.

Average Renters Insurance Cost by City in Michigan

Source: ValuePenguin | As of June 2025

Renters Insurance Rates by Insurance Providers

The insurance provider you choose is a significant factor that affects your overall renters insurance costs. Some insurance companies that are dedicated to or specialize in offering renters insurance in Michigan may offer you a lower rate. Besides, if you choose a carrier that offers discounts for bundling auto policy with renters policy may also be able to offer you a cheaper rate.

Another reason behind varying renters insurance rates by providers is that every carrier uses its own methodology to assess risk, including your credit score, past claims, and coverage needs. That’s why prices differ based on the providers.

For instance, L.A. Insurance is recognized as the most affordable insurance agency in Michigan. Besides, as a locally owned insurance agency, we know our potential consumers, their lifestyle, affordability, and the place they’re living in. And based on that, we customized rates and coverage for renters insurance.

Apart from L.A. Insurance, companies like Progressive, State Farm, Auto-Owners, USAA,  Farmers, AAA, and Frankenmuth Insurance can offer you some of the cheapest renters insurance quotes.

Here’s a breakdown of the average renters insurance costs from top providers in Michigan:

Pro Tip: Always compare at least three renters insurance quotes before deciding.

Renters Insurance Rate Based on Coverage Limits and Deductible

The more you want to protect, the more you’ll pay.

Coverage limits are one of the biggest factors behind your renters insurance cost. Higher personal property coverage or liability insurance limits mean more peace of mind. But they also raise your premium.

For example, a policy with $20,000 coverage costs much less than one with $60,000 coverage. The same goes for liability. $100K liability is cheaper than $300K.

Here's a quick breakdown of renters insurance rates in Michigan by coverage level and deductible:

If you want to save more money on renters insurance, do a quick inventory of your electronics, clothing, and furniture before picking a renters insurance policy.

Michigan Renters Insurance Costs Based on Coverage Type

Not all renters insurance policies are built the same. The type of coverage you choose affects how much you’ll pay and how much you’ll get back if things go wrong.

Most policies offer either:

• Actual Cash Value (ACV): Cheaper, but only reimburses the depreciated value of your items.
• Replacement Cost Coverage: More expensive, but covers the full cost to replace your things new.

If you want your five-year-old laptop replaced with a new one, you should go for replacement value coverage. But if you’re okay with getting a payout based on its current value, ACV is the budget pick.

Here’s how the renters insurance costs in Michigan may vary based on your coverage type:

Tip: If you own higher-value items, like electronics, jewelry, or collectibles, standard renters insurance may not be enough. Therefore, you should look for add-on coverages.

Other Factors That Might Affect Your Renters Insurance Costs in Michigan

Apart from the factors that we discussed, there are additional factors that may also influence the rate of renters insurance.

For example, if you choose the same insurance provider for both renters and auto insurance, you might be eligible for a discount quote and eventually pay less than average.

Besides, if you have a multiple claims history, you are most likely to face a higher rate. Claim history indicates more risk and a high probability of filing another claim in the future.

So, let’s discuss these additional aspects here as well that may raise your renters' insurance costs.

1. Your Renters Insurance Claims History

If you’ve filed claims in the past, whether for theft, property damage, or water damage, expect to pay more. Because the past claims signal risk. And to an insurance provider, risk is equivalent to higher cost.

But here’s the thing. If you have been claim-free for several years, you may qualify for discounts or a lower premium. Some insurance companies reward low-risk renters with better pricing and perks.

So if your claims history is clean, that’s a plus. If not, you can still shop around and compare renters insurance quotes to find the best rate.

2. If You’re a Pet Parent

Got a dog, cat, or slightly-too-curious ferret? That could impact your renters insurance policy. Because insurers view pets as an additional risk.

For instance, certain dog breeds are considered a liability risk by many insurance companies. If your pet injures someone or damages property, your liability insurance could be on the hook. That added risk means higher renters insurance rates.

However, some insurance providers include basic pet liability in their plans. And others may simply charge more or exclude specific breeds altogether.

Pro Tip: Always check your policy to see if your furry friend is covered. If not, ask about add-ons for pet liability.

3. Added Coverage or Add-Ons

Basic renters insurance covers a lot. But not everything. If you want extra protection for high-value items such as jewelry, electronics, or coverage for identity theft, flood, or backup water damage, you’ll need to add it on. And yes, that means a higher premium.

Some common add-ons in Michigan include:

• Replacement value coverage
• Scheduled property (like collectibles or art)
• Flood Insurance
• Sewer/sump pump backup
• Identity theft protection
• Pet liability

These extras make your insurance policy stronger, but each one adds to your overall costs.

4. Building Condition & Safety Features

The building you live in can impact your renters insurance quote as well, even if you’re just renting one unit. Older buildings with outdated wiring, old plumbing, or no smoke detectors increase the chance of fire or water damage. That’s more risk for your insurance provider, and so they may charge you more.

On the flip side, newer buildings or rentals with upgrades like:

• Fire alarms
• Sprinkler systems
• Security cameras
• Smart locks

Can help lower your rate. Having these features means you’ll have a lower chance of property damage, theft, and personal injury.

Pro Tip: Before you sign a lease, ask about the building’s safety setup. It might save you money on your policy.

5. Bundle Discounts

If you bundle policies, you’ll enjoy lower rates. Many insurance companies offer discounts when you combine your renters insurance policies with other products like:

• Auto insurance
• RV insurance
• Motorcycle insurance
• Life insurance

According to our extensive research, we’ve found that bundling a renters insurance policy with car insurance can sometimes drop your rate by 10% to 25%.

Tips to Reduce Renters Insurance Costs in Michigan

There are simple ways to lower your renter’s insurance cost in Michigan. Here are some key tips to remember while looking for tenant insurance:

• Bundle your policies. Combine vehicle insurance or life insurance with a renters policy.
• Increase your deductible. A higher deductible lowers your monthly rate.
• Maintain a good credit score.
• Install safety features like smoke alarms, deadbolts, or other security systems.
• Skip small claims. Pay for minor damages out of pocket.
• Shop around. Compare quotes from at least three providers.
• Ask about discounts. Some carriers offer savings for being claim-free, paperless, or using automatic payments.

How Much Does Renters Insurance Cost in Michigan: The Takeaway

Most renters in Michigan pay about $24 per month, or $288 per year. Your final rate depends on your ZIP code, coverage level, and insurance provider. What’s the best way to find the right price? Shop smart, compare quotes, and stay protected.

Looking for low-cost insurance in Michigan? Feel free to request a renters insurance quote from L.A. Insurance and compare it with other providers before making a decision. At L.A. Insurance, we ensure both affordable pricing and reliable coverage for all Michigan tenants. Call us at (800) 893-9393 with any questions.

Frequently Asked Questions (FAQs)

1. How much do I have to pay for renters insurance per month in Michigan?

On average, about $24 per month. Some providers offer rates as low as $3/month, depending on coverage and location.

2. Is renters insurance mandatory in Michigan?

It's not required by law. But most landlords do require it before signing the lease.

3. What does renters insurance cover?

It covers your belongings, liability, and guest injuries, and loss of use if your rental becomes unlivable.

4. Is $10,000 enough for renters insurance?

Usually not. That may not fully cover electronics, furniture, and personal items. Most renters need $20K-$50K.

5. Who has the cheapest renters insurance in Michigan?

When it comes to renters insurance, L.A. Insurance provides the cheapest insurance in Michigan. Simply get your renters insurance quote and compare rates to see how you can save money if you become a valuable policyholder of L.A. Insurance.