State Farm, Chubb and Auto-Owners are Michigan's best cheap renters insurance companies. State Farm ranks highest for affordable rates. Chubb has the best customer reputation, and Auto-Owners ties with Chubb for the best coverage options.
Cheap Renters Insurance in Michigan
Updated: December 8, 2025
Advertising & Editorial Disclosure
Key Takeaways
State Farm is Michigan's best overall and cheapest renters insurance company, with rates starting at $393 per year.
On average, rental insurance costs in Michigan range from $33 to $47.
To find the best and most affordable renters insurance, decide on your coverage needs first. Then, research costs and compare many quotes.
Best Cheap Renters Insurance Companies in Michigan
| State Farm | 96 | $33 | $393 |
| Chubb | 96 | $44 | $527 |
| Auto-Owners | 92 | $44 | $532 |
| Encompass | 82 | $47 | $562 |
| ASI | 81 | $43 | $521 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Michigan renters experience harsh winters with potential burst pipes and ice damage, making our renters insurance estimate calculator essential for adequate cold-weather protection planning.
Michigan Renters Insurance Quote Estimates
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Dec 15, 2025
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Compare Personalized Best Cheap Renters Insurance in Michigan
While our list above covers most renters, it may not show your ideal options. We've made a filterable table that matches your profile to help you find the best options in Michigan.
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Yes
Good
| Auto-Owners | 97 | $3 | $40 |
| State Farm | 81 | $21 | $251 |
| Chubb | 71 | $36 | $432 |
| ASI | 70 | $20 | $241 |
| Farmers | 69 | $27 | $321 |
Best Michigan Renters Insurance Reviews
Below are details about our top picks for renters insurance in Michigan, based on affordability, customer service and coverage options.
State Farm: Most Affordable Plans
pros
Lowest rates
Large discount offering selection
High financial stability ratings
cons
Below-average customer satisfaction
Limited add-on coverage options
COMPANY HIGHLIGHTS
State Farm is the leading choice for affordable renters coverage in Michigan, with rates starting at $33 per month. In its latest study, J.D. Power ranks the company seventh for claims satisfaction. State Farm provides basic renters insurance and add-ons like earthquake coverage and identity theft protection.
Chubb: Best for Customer Service
pros
Very high customer satisfaction ratings
Large add-on coverage selection
cons
Higher rates than average for most profiles
COMPANY HIGHLIGHTS
Chubb may not be Michigan's cheapest renters insurance provider but ranks second best due to high customer experience scores. J.D. Power rates it the top company for customer and claims satisfaction. Chubb customers can also get extra coverage for high-value items.
Auto-Owners: Best for Coverage Options
pros
Wide range of optional coverages
Strong financial strength ratings
Discounts available when you bundle policies
cons
Rates trend higher for many renters
Quotes and claims can’t be completed online
COMPANY HIGHLIGHTS
Auto-Owners ranks third for Michigan renters insurance, and while its premiums are higher, it delivers the strongest coverage choices in the state.
Its Renters Plus Package adds helpful protections like waived glass deductibles, food spoilage coverage, sewer backup coverage and even protection for waterbeds.
Average Cost of Renters Insurance in Michigan
Michigan renters insurance costs $321 yearly on average, $79 more than the $242 national average. These rates assume $50K in personal property coverage, $100K in liability and a $1,000 deductible. Your rate changes based on your situation.
Filter the table by key factors to see costs for your profile.
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Good
Covered
| $50K Personal Property / $100K Liability | $27 | $321 |
Average Michigan Renters Insurance Cost by City
Renters insurance costs vary significantly by city. In Ann Arbor, the average annual premium is $235. In Detroit, it's $435 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below to see the average cost in your city.
| Ann Arbor | $235 |
| Detroit | $435 |
| Grand Rapids | $255 |
| Lansing | $248 |
| Sterling Heights | $261 |
| Warren | $289 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Michigan Renters Insurance: Buyer's Guide
Picking the best and cheapest renters insurance in Michigan can be challenging. This guide will help you find coverage that fits your needs.
How to Find the Best Cheap Renters Insurance in Michigan
To help you find the right renters insurance, here’s a simple step-by-step guide:
- 1Determine the right coverage level
Figure out how much coverage you need. Think about the value of your belongings, weather risks, crime rates and any pet-related liabilities.
- 2Research costs and discounts
With your coverage level set, look up the average costs for your profile. This will help you see fair pricing. Also, check for discounts you might qualify for to save money.
- 3Compare providers
Research different insurance companies. Check their reputation, costs and coverage options to create a shortlist of providers for quotes.
- 4Consider bundling
Bundle renters and auto insurance to save money. Your current auto insurer might offset the entire cost of renters coverage.
- 5Get multiple quotes through different channels
Gather at least five quotes with the same coverage terms. Use comparison sites, provider websites, brokers and phone agents, as quotes differ across platforms.
- 6Compare rates annually
Insurance prices change, so your current provider might not be the cheapest. Review your options each year to ensure you get the best rate.
How Much Renters Insurance Do I Need in Michigan?
Michigan law doesn't mandate renters insurance, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. When choosing a policy, consider the value of your belongings, local weather risks, neighborhood crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Michigan Renter Risk Considerations
Michigan renters encounter these risks:
- Weather: Severe storms lead Michigan's disaster list. Winter storms, floods and droughts hit parts of the state. Standard policies won't cover you in high-risk zones, so buy extra protection.
- Crime: Michigan ranks 37th for property crime and 20th for identity theft and fraud nationwide. Add extra coverage for better protection against property damage.
- Pets: Own a pet? Get pet liability coverage. Check if your policy includes it or if you need to add it.
- Valuables: Standard policies don't fully cover tools, electronics or rental property features like pools. Find insurers offering add-ons for these items.
How Does Renters Insurance Coverage Work?
Renters insurance covers property damage, liability and temporary housing costs. Add extras for more protection. Common coverage types are:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen items up to your limit. You get depreciated value unless you buy replacement cost coverage, which pays for new items. | |
Standard | Pays medical bills and legal costs if someone gets hurt in your rental. Many landlords require this. | |
Additional living expenses | Standard | Covers hotel, food and transportation when you can't stay in your rental (based on a percentage of your property limit or a set amount). |
Natural disasters | Add-on | Separate policies for earthquake and flood damage. |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities. |
Scheduled property | Add-on | Extra coverage for specific valuable items. |
Identity theft | Add-on | Covers stolen money, legal bills and monitoring after identity theft. |
Pet liability | Add-on | Covers injuries your pet causes, though some standard policies include this. |
Modifications | Add-on | Covers custom changes you made to the rental. |
Food loss | Add-on | Reimburses spoiled food from covered incidents. |
Best Renters Insurance in Michigan: Bottom Line
State Farm, Chubb and Auto-Owners are the best and cheapest overall renters insurance companies in Michigan. We recommend these options, but you should also research and compare quotes from multiple companies to find the best deal.
Renters Insurance in Michigan: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in Michigan?
State Farm has the lowest renters insurance rates in Michigan, with an average annual premium of $393 or about $33 monthly.
What is the best renters insurance company in Michigan?
State Farm is the best renters insurance company in Michigan, with a MoneyGeek score of 96 out of 100, due to its outstanding balance of affordability, customer satisfaction and coverage.
How much does renters insurance cost in Michigan?
The average cost of renters insurance in Michigan is $321 a year or $27 a month, 33% higher than the national average. Annual premiums range from $393 to $562.
Is renters insurance required in Michigan?
Michigan doesn't legally require renters insurance, but your landlord might ask for it. Consider your needs and situation to decide if a policy is right for you. Reasons to get renters insurance include financial protection from common risks and liability for third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Michigan, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
We used this to determine our affordability score for the state (60% of the score).
Other parts of our score included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 28, 2025.
- National Centers for Environmental Information. "Michigan Summary." Accessed April 28, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 28, 2025.