Who Has The Cheapest Renters Insurance Quotes in Michigan?

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Michigan is known as a hub for the automobile industry, beautiful coastlines, and for once having fourth largest city in the U.S., Detroit. To see who out of Michigan’s roughly 9.9 million residents had the cheapest renters insurance, we conducted a study that evaluated quotes for a sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage). The results showed the most expensive city for renters insurance premiums is 2.3x the cost of the cheapest. The rates have comparative value but are not indicative of what tenants can expect to pay for their renters insurance. Type your zip code for a list of companies to start shopping for renters insurance quotes.

Cheapest Renters Insurance in Michigan

To find the most affordable renters insurance in Michigan, we collected quotes from five major companies including GEICO, State Farm, Liberty Mutual, Farmers, and Allstate. We found that GEICO offered the cheapest renters insurance policy. According to our sample renters policy that found quotes based on a 1,000 square-foot residence, the annual rate for GEICO was $275, which is about 34% cheaper than the average annual rate for Michigan. Here are the annual rates for the five major companies, ranked from most affordable to least affordable: 

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 GEICO $275
2 State Farm 351
3 Liberty Mutual 434
4 Farmers 455
5 Allstate 579
Average 419

These rates were for a sample property. We encourage you to obtain quotes from multiple insurance companies and compare them to get the best rates for yourself.

Best Renters Insurance Rates in Michigan: by City

The locations of the places with the cheapest renters insurance premiums in Michigan are not surprising, relative to the cheapest in other states. Saline, Dexter and Ann Arbor are all well outside the city of Detroit, while Hart and Alpena are in more rural areas. All of the best places for renters insurance in Michigan had quotes for our sample property that were at least 12.8% lower than the sample property average for the state.  

RankCityAverage Annual Rates% Difference vs State Average
1 Hart  $356 -15.2%
2 Saline  364 -13.1%
3 Ann Arbor  364 -13.1%
4 Dexter  364 -13.1%
5 Alpena  366 -12.8%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Hart, MI

The city of Hart has a climate that reaches a wide range of temperatures depending on the season. A little more than 2,000 residents call the city home, which is known for its trails that attract tourism. Tenants of Hart have the cheapest renters insurance rates for our sample property used for our study. Their rates were 15.2% less than the average rate for the sample home in the state of Michigan.

Saline, MI

When early settlers arrived, Saline became well known for its wildlife and salt deposits. The 18th century French explorers who arrived also began harvesting salt and named the river area river the "Saline," which is a French word meaning "salty." Today, the city has more than 8,000 residents and was named one of CNN Money’s “Best Places to Live” in 2009. It also has some of the best renters insurance rates. The cost to insure our sample property in Saline was 13.1% lower than the rest of the state, according to our study. 

Ann Arbor, MI

Only 5 miles from Ann Arbor is the 1,540-acre Hudson Mills Metropark with fishing, canoeing, kayaking, hiking and an 18-hole golf course. The college town is also home the University of Michigan, which is annually ranked one of the best academic institutions in the U.S. Ann Arbor also has some of the cheapest renters insurance rates in Michigan. quotes for our sample property were 13.1% lower than the rest of the state.  

Dexter, MI

The city of Dexter was a village until 2014, when residents adopted a city charter. It has more than 4,000 people living there who enjoy many outdoors activities, including the Union Baseball Club - a vintage baseball team that plays other local teams in the area. With cheap renters insurance rates for our sample property also 13.1% lower than the rest of the state, residents in Dexter have some of the best renters insurance premiums in Michigan.

Alpena, MI

Alpena was a lumbering center that used the many rivers to transport wood. The area was incorporated as a city in 1871. Arthur Hills, a well-recognized golf course designer is from Alpena and has worked on many public and private courses in Michigan and the U.S. Renters insurance rates in Alpena for our study’s sample property were 12.8% lower than the rest of the state.

Most Expensive Renters Insurance in Michigan

Renters insurance quotes for our sample property were much more expensive for some places in Michigan than others. Detroit, for example, has rates 49% higher than the average cost to insure our sample property in Michigan, which was $419. 

RankCityAverage Annual Rates% Difference vs State Average
1 Detroit  $827 97.2%
2 Southfield  748 78.3%
3 Ferndale  739 76.1%
4 Flint  588 40.3%
5 Saginaw  541 29.1%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Detroit, MI

The most populous city in Michigan has more than 680,000 residents and has steadily improved after filing for bankruptcy in 2013. Music and the automobile industry have been important components of Detroit’s history for more than 100 years. Two highlights include the Motown Museum and the annual International Jazz Festival on the Detroit Riverfront, which is the largest free jazz festival in North America. General Motors is headquartered in the Renaissance Center downtown and Quicken Loans is another large company headquartered in the city. Renters insurance in Detroit is expensive compared to other municipalities in the state of Michigan. The cost to insure our study’s sample property in Detroit was 97.2% more expensive than the average for the state.

Southfield, MI

The city features more than 700 acres of park and an extensive system of nature and fitness trails. It's also home to nearly 200 restaurants across a wide variety of cuisines. The prominent Star Southfield Entertainment Center is popular for watching movies and the Civic Center Park features an ice skating facility, a sports arena, a popular golf course and other recreational facilities. Though not quite as high as Detroit, the renters insurance premiums for our sample property were 78.3% more in Southfield than the rest of Michigan.

Ferndale, MI

Around the time of World War I, Ferndale became a bedroom community where little employment existed - workers lived there and commuted in and out of Detroit. In 1927 it was reincorporated as a city and today it has more than 19,000 residents. Ferndale tenants pay 76.1% more to insure our sample property than the rest of the state.

Flint, MI

The subject of a famous Michael Moore documentary, Flint Michigan used to be a booming industrial town until it faced economic turmoil. It has a population of more than 100,000 in population who enjoy a local farmer’s market and a planetarian. It’s substantially cheaper than Detroit, but the cost the insure our sample property in Flint is still 40.3% more than the rest of Michigan.

Saginaw, MI

French missionaries and traders moved into the area during the late 1600s but the first permanent European settlement was established in 1815. The city, as it stands today, is a consolidation of two cities - East Saginaw and Saginaw (West Side) - that merged in the late 19th century. Saginaw tenants have the fifth highest renters insurance rates in Michigan, according to our study. The cost to insure our sample property is 29.1% higher than the rest of the state. 

Average Cost of Renters Insurance in Michigan: by City

Renters insurance rates from five major carriers were collected from 121 cities in Michigan for our study, which had been conducted across numerous states in the U.S. Using the rates collected for Michigan, we calculated a mean rate of $419 and found the most expensive places were 2.3x the cost of the cheapest. Relative to other states, the disparity between some rates is significant. For example, the difference between the most expensive and the cheapest rates for the identical property in Texas was 74%. 

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Michigan. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium. Here is the list of the cities in alphabetical order:

RankCityAverage Annual Rates% Difference vs State Average
27 Allegan  $384 -8.5%
5 Alpena  366 -12.8%
3 Ann Arbor  364 -13.1%
97 Bad Axe  442 5.4%
81 Baldwin  415 -0.9%
49 Battle Creek  391 -6.9%
94 Bay City  439 4.7%
66 Bellaire  398 -5.0%
113 Belleville  496 18.2%
51 Benton Harbor  394 -6.0%
60 Berrien Springs  394 -5.9%
74 Big Rapids  402 -4.1%
63 Birmingham  396 -5.6%
24 Blissfield  380 -9.3%
46 Boyne City  389 -7.3%
25 Brimley  382 -8.9%
103 Brooklyn  460 9.7%
112 Brown City  492 17.3%
109 Caro  483 15.2%
52 Cassopolis  394 -6.0%
86 Cedar Springs  423 0.8%
30 Charlevoix  386 -8.0%
31 Cheboygan  386 -8.0%
106 Chesaning  472 12.6%
98 Clare  442 5.5%
96 Clarkston  440 4.9%
53 Coldwater  394 -6.0%
115 Davison  501 19.4%
92 Dearborn  437 4.3%
121 Detroit  827 97.2%
4 Dexter  364 -13.1%
54 Dowagiac  394 -6.0%
100 Dundee  454 8.4%
119 Ferndale  739 76.1%
118 Flint  588 40.3%
107 Frankenmuth  478 13.9%
36 Frankfort  387 -7.8%
56 Fraser  394 -6.0%
76 Fremont  405 -3.4%
32 Gaylord  386 -8.0%
37 Gladwin  387 -7.8%
99 Grand Blanc  445 6.1%
15 Grand Haven  377 -10.2%
12 Grand Rapids  373 -11.0%
38 Grayling  387 -7.8%
84 Greenville  417 -0.5%
13 Grosse Pointe Farms  374 -10.8%
33 Harbor Springs  386 -8.0%
39 Harrisville  387 -7.8%
1 Hart  356 -15.2%
14 Hastings  374 -10.8%
67 Hillsdale  398 -5.0%
16 Holland  377 -10.2%
28 Holt  386 -8.1%
68 Homer  398 -5.0%
72 Houghton  401 -4.5%
64 Houghton Lake  396 -5.5%
105 Howell  469 11.8%
17 Hudsonville  377 -10.2%
111 Imlay City  489 16.6%
70 Indian River  399 -4.9%
55 Ionia  394 -6.0%
40 Iron Mountain  387 -7.8%
7 Iron River  368 -12.3%
8 Ironwood  368 -12.3%
75 Ithaca  402 -4.1%
88 Jackson  433 3.3%
10 Kalamazoo  371 -11.6%
6 Kalkaska  367 -12.5%
18 L' Anse  377 -10.0%
80 Lake Orion  415 -1.1%
9 Lansing  370 -11.7%
104 Lapeer  466 11.2%
19 Leland  379 -9.7%
83 Lewiston  417 -0.5%
91 Livonia  435 3.7%
73 Ludington  401 -4.5%
90 Mackinac Island  434 3.4%
57 Macomb  394 -6.0%
82 Madison Heights  417 -0.6%
85 Manchester  420 0.2%
20 Manistee  379 -9.7%
41 Manistique  387 -7.8%
93 Marion  438 4.5%
26 Marquette  383 -8.6%
48 Marshall  390 -6.9%
42 Midland  387 -7.8%
101 Milan  454 8.4%
71 Mio  400 -4.7%
102 Monroe  454 8.4%
58 Mount Clemens  394 -6.0%
43 Mount Pleasant  387 -7.8%
78 Muskegon  413 -1.5%
59 New Baltimore  394 -6.0%
34 New Buffalo  386 -7.9%
50 Newberry  392 -6.5%
61 Niles  394 -5.9%
44 Northville  387 -7.7%
45 Novi  387 -7.7%
77 Owosso  405 -3.4%
29 Petoskey  386 -8.0%
114 Pontiac  497 18.5%
21 Port Huron  379 -9.6%
108 Romeo  480 14.6%
79 Royal Oak  413 -1.4%
117 Saginaw  541 29.1%
22 Saint Ignace  379 -9.5%
47 Saint Joseph  390 -7.0%
2 Saline  364 -13.1%
110 Sandusky  485 15.6%
23 Sault Sainte Marie  379 -9.5%
120 Southfield  748 78.3%
87 Southgate  433 3.2%
116 Standish  503 19.8%
69 Tecumseh  399 -4.9%
65 Three Rivers  397 -5.2%
35 Traverse City  387 -7.8%
62 Utica  395 -5.8%
95 Waterford  440 4.9%
11 Wayland  373 -11.1%
89 Ypsilanti  433 3.3%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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