Renters Insurance

Who Has The Cheapest Renters Insurance Quotes in Michigan?

Renters insurance is not very expensive, but it's an essential purchase for every Michigan renter. We collected dozens of renters insurance quotes from across the state to find the best insurers in Michigan.

Compare Cheap Renters Insurance Quotes in Michigan

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The best price we found for renters insurance is $18 per month, though we don't recommend buying based on price alone. Customer service and coverage options are just as important.


Best for most renters

State Farm logo
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Runner-up for low prices

Liberty Mutual logo
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Runner-up for customer service

Farmers
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Methodology

Best renters insurance for most people: State Farm

State Farm had the best renters insurance prices we found in Michigan, plus great customer service.
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Read our full review of State Farm insurance.

The good:

  • Low prices for coverage
  • Well-rated customer service

The bad:

  • No replacement cost coverage

Our favorite renters insurance company in Michigan is State Farm, as it offered substantially lower rates than the competition and has very well-rated customer service.

State Farm's prices for renters insurance are very low for Michigan: We found an average cost of just $18 per month. That's 48% less than the statewide average of $34.

We're very impressed with State Farm's customer service, too. It has a complaint index of just 0.38 from the National Association of Insurance Commissioners (NAIC), meaning it received only 38% as many complaints as a typical insurer of its size. This suggests customers tend to be satisfied with their service. J.D. Power gave it a strong rating in its renters insurance survey, with an 850 — the best of any company we looked at in Michigan.

The only drawback to State Farm is that it doesn't have every coverage option available. If you have particular coverage needs, you may need to look elsewhere — for example, State Farm doesn't offer replacement cost coverage for renters insurance.

Runner-up for low prices: Liberty Mutual

Liberty Mutual has the second best prices of the insurance companies we looked at.
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Read our full review of Liberty Mutual.

The good:

  • Rates 37% cheaper than average
  • Lots of discount opportunities

The bad:

  • Mediocre customer service

Renters looking for an alternative to our top pick and who place a high value on affordability should consider Liberty Mutual. It had the second best prices of the insurers we looked at, and it offers lots of discount opportunities, too.

The typical price we found from Liberty Mutual was $23 per month. That's 37% cheaper than the state average. And Liberty offers lots of discounts, including those for being claim free, having a home alarm and for paying your annual premium in full.

For students and young renters, Liberty is especially worth considering because they will sell policies with very low coverage limits — as low as $5,000. A lower limit means a lower premium, as well.

Liberty Mutual also has optional replacement cost coverage, which isn't available at State Farm. This coverage pays you the full cost to replace a damaged or stolen item without factoring in depreciation.

The biggest drawback to Liberty Mutual is its mediocre customer service relative to the competition. It received an NAIC complaint index of 0.70, meaning that it received 70% as many complaints as a typical insurer. While that's below the national average, it's one of the higher scores we found among Michigan renters insurance providers.

Runner-up for customer service: Farmers

Farmers has customer service that's about as good as our top pick.
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Read our full review of Farmers Insurance.

The good:

  • Good customer service

The bad:

  • Average rates
  • Few coverage options

Renters who aren't interested in our top pick and who place a high value on customer service should consider Farmers Insurance. Its customer service is about as well-reviewed as State Farm, though it falls short in other areas.

Farmers has very well-reviewed customer service. It has a complaint index from the NAIC of just 0.37, meaning it's received about 37% as many complaints as you'd expect given its size. This indicates customers are likely to be happy with the service they receive and is the best score we found among Michigan renters insurance companies (State Farm had 0.38).

However, Farmers didn't do as well in J.D. Power's customer review, where it received only 808 — lower than State Farm's score of 850, and below the national average. Outside of customer service, Farmers didn't fare as well. Its rates were exactly average.

How we chose the best renters insurance companies in Michigan

To find the best renters insurance company in Michigan, we considered three key factors: affordability, coverage options and customer service.

  • Affordability: Does the insurer charge affordable rates when compared to other companies?
  • Coverage options: Does the insurer provide a wide range of useful coverage options?
  • Customer service: Are customers usually happy with the service they receive from their provider?

Affordability: Finding cheap renters insurance in Michigan

We found a substantial difference in price among renters insurance companies in Michigan. While the average price per month was $36, the cheapest insurer, State Farm, was 60% less expensive than the most expensive. Switching could save a Michigan renter up to $360 per year.

See our price comparison for the cheapest renters insurance in Michigan, below.

Bar chart comparing the most affordable options for renters insurance in Michigan

Bar chart comparing the most affordable options for renters insurance in Michigan

Compare Cheap Renters Insurance Quotes in Michigan

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InsurerAverage cost% difference from state average
Average$34--
Allstate$4636%
Farmers$365%
Liberty Mutual$23-34%
Progressive$4841%
State Farm$18-48%

Our selected levels of coverage were:

  • Personal property coverage: $30,000
  • Liability coverage: $100,000
  • Medical payments coverage: $1,000
  • Deductible: $500
  • Loss of use: $0

Coverage options: Comparing renters insurance policies and benefits

Every renter has different insurance coverage needs. So when evaluating insurers, we look for companies that have a wide range of useful coverage options. Here are some optional coverages that may appeal to Michigan renters:

  • Replacement cost coverage: Pays for the full cost of a damaged or stolen item without factoring in depreciation.
  • Valuable items coverage: Protects valuable items like jewelry or high-end electronics, which often have limited coverage on regular renters insurance.

All of the insurance companies we looked at offered the following basic coverages. If you're considering an insurance company that doesn't offer all of these, you should treat that as a red flag and a sign to look for another company.

  • Personal property coverage: Pays to repair or replace property if it's stolen or damaged by covered peril.
  • Additional living expenses: Pays for a hotel room or other temporary accommodation if you're unable to live in your home due to a covered peril.
  • Liability coverage: Pays for damages to others you're responsible for, such as if your dog bites a guest in your home.
  • Medical payments coverage: Pays for medical bills of guests injured in your home, without determining fault. Pays out before liability coverage kicks in.

Customer service: Evaluating insurer quality in service and claims

Selecting a renters insurance company with dependable customer service is crucial. Good service makes the process of buying coverage straightforward and quick; it also eases the stress of having to make a renters insurance claim.

To compare the customer service of renters insurance companies in Michigan, we use three main sources: the National Association of Insurance Commissioners Complaint Index, J.D. Power's renters insurance ratings and A.M. Best's Financial Strength Rating (FSR).

InsurerNAIC Complaint IndexJ.D. Power ratingA.M. Best FSR
Allstate0.51814A+
Farmers0.37808A
Liberty Mutual0.70792A
Progressive0.86809A+
State Farm0.38850A++
  • NAIC Complaint Index: This score compares the number of complaints an insurer has received with its size. A lower score indicates fewer complaints, and the national average score is 1.00.
  • J.D. Power rankings: This score is based on a national survey that asked renters insurance customers how satisfied they are with their renters insurance companies. Scores are out of 1000, and the national average score is 835.
  • A.M. Best Financial Strength Rating: This letter grade describes the overall financial health of an insurer. Grades range from A++ to D, and a higher grade means that the company is better equipped to meet claims, even when claim demand is high (such as after a natural disaster) or during an economic downturn.

Michigan renters insurance: Costs by city

Prices for renters insurance vary across the state. People who live in areas with more crime may pay more for coverage, as might people who live on the coast. Take a look at what you can expect to pay for renters insurance in the table below.

CityAverage% difference from state average
Ann Arbor$25-27%
Battle Creek$29-15%
Dearborn$33-3%
Detroit$5355%
East Lansing$25-25%
Farmington Hills$26-24%
Flint$86153%
Grand Rapids$27-21%
Kalamazoo$30-13%
Kentwood$28-19%
Lansing$29-14%
Muskegon$26-23%
Novi$25-27%
Pontiac$379%
Portage$26-24%
Rochester Hills$26-23%
Royal Oak$26-24%
Saginaw$4327%
Southfield$5254%
Sterling Heights$30-12%
Taylor$3812%
Troy$26-24%
Warren$4634%
Westland$33-3%
Wyoming$27-21%

The cost of renters insurance also changes by state. To see how prices in Michigan compare to what residents of other states pay, see our national analysis of renters insurance costs.

Methodology

To find the best renters insurance companies in Michigan, we collected quotes for a sample renter from five major insurers across 25 cities in Michigan.

Our sample renter is a 30-year-old man who lives by himself and has not made any recent renters insurance claims. He's protected himself with $30,000 of personal property coverage with a $500 deductible, plus $500,000 of liability protection.

Chris Moon

Chris is a Product Manager for ValuePenguin with years of experience in addressing critical questions about mortgages and homeowners insurance. He spends his time evaluating insurance providers and policy features to understand where consumers might find the most cost-effective coverage. Chris has contributed insights to the New York Times and many other publications.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.