Who Has The Cheapest Renters Insurance Quotes in Michigan?

Travelers offers the cheapest renters insurance in Michigan at $15 per month, on average.

Compare Cheap Renters Insurance Quotes in Michigan

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Cheap renters insurance in Michigan

Michigan renters can find the cheapest rates with Travelers, where a policy costs $182 per year, or $15 per month, on average. That's $134 per year cheaper than the statewide average.

The average cost of renters insurance in Michigan is $26 per month, or $316 per year.

Renters in Michigan should also consider getting a quote from State Farm — the average policy costs $18 per month, or $212 per year, which is 33% cheaper than the state average.

Graph comparing quotes from top Michigan renters insurance companies

Compare Cheap Renters Insurance Quotes in Michigan

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There's a substantial difference in price among renters insurance companies in Michigan. The cheapest insurer, Travelers, is 64% less expensive than the most expensive. Switching could save a Michigan renter $318 per year.

Cheapest renters insurance companies in Michigan

Monthly cost
Travelers logo
State Farm logo
State Farm$18
Amica logo
Nationwide logo
Farmers logo
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Best renters insurance for most people: State Farm

  • Editor rating

  • Average monthly rate

    $18 ?

Pros and cons

  • Low prices
  • Quality customer service
  • No replacement cost coverage

The best renters insurance company for most Michigan renters is State Farm — it offers affordable rates and has well-rated customer service. State Farm's quote for renters insurance is very low for Michigan at $18 per month, on average. That's $8 per month less than the statewide average.

In addition, State Farm earns fewer complaints than other insurers of a similar size, according to the National Association of Insurance Commissioners (NAIC). This suggests customers tend to be satisfied with the service they receive. J.D. Power also awarded it second place in its renters insurance customer satisfaction survey.

The only drawback to State Farm is that it doesn't offer a lot of extra coverage options. For example, State Farm doesn't offer replacement cost coverage for renters insurance. Renters who have particular coverage needs may need to look elsewhere for the right coverage.

Best for cheap quotes: Travelers

  • Editor rating

  • Average monthly rate

    $15 ?

Pros and cons

  • Cheapest rates in Michigan
  • Optional replacement cost coverage
  • Mediocre customer service
  • Only offers annual payment plans

Renters looking for the cheapest rates in Michigan should consider Travelers. The average price of a renters insurance policy from Travelers is $15 per month. That's 42% cheaper than the state average. In addition, the company offers discounts for being claim-free, for having a home alarm and for insuring your car with Travelers.

Travelers also offers 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 Travelers is its mediocre customer service relative to the competition. The company earned last place in J.D. Power's annual renters insurance customer satisfaction survey, which polls policyholders from the largest renters insurance companies in the country. Additionally, Travelers doesn't allow renters to make monthly payments, so you'll have to pay your entire annual balance at once.

Best customer service: Amica

  • Editor rating

  • Average monthly rate

    $20 ?

Pros and cons

  • Good customer service
  • Cheaper-than-average rates
  • Few coverage options

Renters who place a high value on customer service should consider Amica. The company scored 0.12 on the NAIC complaint index, which means that it receives only 12% as many complaints as average insurers of a similar size. ValuePenguin editors also awarded Amica an excellent score for offering great service and low rates to its customers.

Renters insurance rates from Amica are also cheaper-than-average in Michigan. At $20 per month, or $234 per year, a policy from Amica costs 26% less than the state average.

However, Amica doesn't offer many extra coverage options for renters who need expanded protection. For example, renters insured with Amica can't purchase water protection, which protects your belongings against water damage from backed-up pipes, sewers or sump pumps.

Renters insurance in Michigan: Cost by city

Renters living in Detroit pay the highest prices for renters insurance in Michigan, while people in Wyoming pay the cheapest rates among major cities in the state.

Prices for renters insurance vary significantly across the 25 largest cities in Michigan. In Detroit, renters can expect to pay $824 per year for insurance, on average. On the other hand, people living in Wyoming pay an average of $258 per year for the same coverage. That's a difference of $566 per year.

People who live in areas with more crime or severe weather may pay more for coverage, as insurers believe they're more likely to make a claim.

Average annual cost
Difference from state average (%)
Ann Arbor$276-19%
Dearborn Heights$318-6%
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The cost of renters insurance also varies by state. Renters in Michigan pay $104 per year more than the average cost of renters insurance nationwide, which is $212 per year.

Best-rated renters insurance companies in Michigan

Amica offers Michigan renters the best customer service in the state.

Amica receives far fewer complaints than competitors of a similar size, according to the NAIC. That means renters in Michigan are generally happy with their experience with Amica. In addition, our editors awarded the company a high rating based on the value it provides customers, service reviews and coverage options.

State Farm

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

What does renters insurance cover in Michigan?

Every renter has different insurance coverage needs. All of the insurance companies we looked at offer the following basic coverages. If you're considering an insurance company that doesn't offer all of these, you should view that as a red flag and look for another company.

  • Personal property coverage pays to repair or replace property if it's stolen or damaged.
  • Liability coverage pays for damages to others you're responsible for, like if your dog bites a guest in your home.
  • Medical payments coverage pays for medical bills of guests injured in your home, regardless of who is at fault.
  • Additional living expenses pays for a hotel room or other temporary accommodation if you're unable to live in your home due to covered damage.

When evaluating insurers, some renters may need to consider the availability of extra coverage options. Some optional coverages that may appeal to Michigan renters are:

  • Replacement cost coverage
  • Valuable items coverage

Frequently asked questions

How much is renters insurance in Michigan?

Renters in Michigan pay $26 per month for insurance, on average. In Michigan, renters insurance rates can vary by up to $47 per month depending on where you live, which means some renters can expect to pay significantly more than the state average.

Who has the cheapest renters insurance quotes in Michigan?

Travelers offers the cheapest renters insurance rates in Michigan — a policy costs $15 per month, on average. Due to the company's poor customer service scores, we recommend most renters consider State Farm, which costs only $3 per month more.

Is renters insurance required in Michigan?

Renters insurance is not legally required in Michigan, but your landlord may request that you purchase a policy as a part of your lease agreement.


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?

To compare renters insurance rates, we collected quotes from seven major insurers across 25 cities in Michigan. Our sample renter is a 25-year-old man who lives by himself and has not made any recent renters insurance claims.

Quotes are based on the following coverage limits:

Personal property$30,000
Personal liability$100,000
Medical payments$1,000

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.