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: April 29, 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.
Michigan Renters Insurance Quote Estimates
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Rates updated:
Jul 01, 2025
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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.
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:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier: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
Most extensive add-on coverage selection
Strong financial stability
Bundling discounts
cons
Higher premiums for most renters
No online quotes or claims
COMPANY HIGHLIGHTS
Auto-Owners is the third-best choice for renters' insurance in Michigan. It may not be the cheapest option but offers the state's best coverage selections. One standout option is the Renters Plus Package, which includes a glass deductible waiver and covers refrigerated products, sewer backups and waterbeds.
Average Cost of Renters Insurance in Michigan
Michigan's average cost of renters insurance is $321 per year, $79 more than the national average of $242. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible. Your rate may vary based on your specific profile.
Below is a table where you can filter key factors affecting renters insurance rates to see average costs tailored to your situation.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement: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:
- 1
Determine 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.
- 2
Research 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.
- 3
Compare providers
Research different insurance companies. Check their reputation, costs and coverage options to create a shortlist of providers for quotes.
- 4
Consider bundling
Bundle renters and auto insurance to save money. Your current auto insurer might offset the entire cost of renters coverage.
- 5
Get 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.
- 6
Compare 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
Here are the usual risks for renters in Michigan, along with coverage options:
- Weather risks: Severe storms top Michigan's natural disaster list. The state also faces risks from winter storms, flooding and drought in certain areas. Standard coverage may not protect you in high-risk zones, requiring additional coverage.
- Crime risks: Michigan ranks 37th for property crime and 20th for identity theft and fraud nationwide. Consider adding extra coverage to your renters policy for better protection against property damage.
- Pet ownership: Pet owners should consider pet liability coverage. Check if your provider's standard policy includes pet protection or requires an add-on.
- Property types: Standard policies might not fully cover specialized items like tools, electronics or rental property structures like pools. Look for insurers offering specific add-ons to protect these belongings.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use linked to your rental home. Make your policy more comprehensive by adding extra coverages. Here are some common types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items in your rental, up to your policy limit. You receive the actual cash value (depreciated value) unless you have replacement cost coverage, which provides funds for new items. | |
Standard | Pays for medical expenses and legal costs if someone is injured in your rental. Many landlords require tenants to have this coverage. | |
Additional living expenses | Standard | Covers temporary housing costs, including meals, lodging and transportation, when you can't stay in your rental home. Benefits are typically based on a percentage of personal property limits or a set amount, depending on the insurer. |
Natural disasters | Add-on | Separate policies that cover personal property damage caused by earthquakes and floods |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures specific valuable items up to a predetermined amount |
Identity theft | Add-on | Protects financially against identity theft, covering stolen funds, legal expenses and monitoring services. |
Pet liability | Add-on | Covers injuries caused by your pet on your rental property, though standard policies may include this |
Modifications | Add-on | Covers custom additions and modifications not part of the original rental property |
Food loss | Add-on | Reimburses any food lost due to 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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
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.