How Much is Renters Insurance in Michigan?

If you’re living in a rented home, it is essential to protect your personal belongings with a renters’ insurance policy. Renters insurance also provides liability coverage, which can help pay for medical expenses if someone is injured in your rental space, and you are found responsible.

So, while exploring suitable renters’ insurance coverage for personal property and liability protection in Michigan, the first concern that comes to mind is the cost. According to MarketWatch, the average cost of renters’ insurance in Michigan is $21.6 per month, which is about $260 a year.

Based on an in-depth renters insurance cost analysis, you can get renters insurance for as low as $18 per month ($216/year), or as expensive as $60 a month ($720 per year) or more.

Typically, variation in renters’ insurance cost depends on several factors, starting from your location to coverage choice, value of your personal belongings, claims history, building condition, and available safety features.

While shopping for renters' insurance, it is essential for you to know how the average pricing works, especially to make an informed decision. So, this guide breaks down how much renters insurance costs in Michigan, what affects your premiums, and how to save money while getting the coverage you need.

Average Cost of Renters Insurance by City in 2025

The average cost of renters’ insurance can vary significantly depending on where you live in Michigan. Some cities experience higher risks, such as increased crime rates or greater exposure to natural disasters, which can raise insurance premiums. Moreover, building type, neighborhood security, and local claim history can also affect how much you pay.
For instance, you can get relatively cheap insurance premiums in Ann Arbor, Wyoming, Kalamazoo, and Troy for $21 to $30 a month, whereas the same policy can cost you $50 to $60 in Flint and Detroit. The yearly difference in cost significantly varies by almost $500 per year.

The table below shows the average cost of renters’ insurance in Michigan to help you better understand how the premiums typically vary from one city to another.

Source: ValuePenguin | As of July 2025

Regardless of the city that you’re located in, your renters insurance premiums mainly depend on the insurance provider and their offered rates. So, if you’re looking for affordable renters’ insurance coverage in Flint, Saginaw, or Mt. Pleasant, or in other cities in Michigan, you should consider exploring a reliable Michigan Insurance Agency offering the cheapest rates.

Michigan Renters Insurance Cost Trend Over the Years

While setting a budget for your renters’ insurance premiums, it is essential to understand how renters’ insurance costs have been changing over the years. This will help you anticipate how much it may change in the future.

According to Valuepenguin insights, renters insurance rates gradually decreased till 2021, but since 2022, it started increasing, with the steepest spike of 5.8% in 2024 and 6.6% in 2025. The table below shows the Michigan renters’ insurance cost trend over the years.

Cost of Renters Insurance in Michigan by Coverage and Deductible

Ultimately, the cost of your renters insurance policy depends on your choice of coverage level and your deductibles. Typically, the more coverage you purchase to protect your personal belongings and liability costs, the higher your premiums are likely to be. Whereas opting for lower deductibles will lead to increased premiums, opting for a higher deductible reduces your renters insurance premiums.

Here’s an overall breakdown of renters insurance costs in Michigan by coverage and deductibles as follows.

Source: insure.com | October 2025

While exploring renters insurance rates in Michigan, it’s also helpful to understand what renters insurance is and what it covers, so you can choose the right level of protection for your need

Factors that Affect Renters Insurance Premiums in Michigan

It’s important to keep in mind that the average renters’ insurance premiums will help you develop a broader understanding of how to estimate and set up a more realistic budget. However, your actual renters insurance premiums are determined mainly based on your personal and location-specific factors. In Michigan, the cost of renters’ insurance is influenced by the following key variables.

Location

Your renters’ insurance premiums in Michigan can vary significantly depending on where your rental property is located. Areas with higher crime rates, more frequent thefts, or greater exposure to weather-related risks such as flooding, tornadoes, or hailstorms typically have higher insurance costs. Major urban areas like Detroit and Flint usually have higher premiums compared to lower-risk suburban or rural communities.

Choice of Insurer, Coverage, and Deductibles

Different insurance companies calculate risk and pricing differently, which can result in wide variations between insurers for the same coverage. Choosing higher coverage limits increases your premium, while selecting a higher deductible can help lower it. Optional add-ons, such as replacement cost coverage or riders for valuable items, also affect cost.

Insurance Claims History

If you’ve filed renters, homeowners, or auto insurance claims in the past, especially within the last three to five years, insurers may consider you a higher-risk policyholder, particularly if you have multiple claims. As a result, your premiums may be higher compared to someone with a clean claims history.

Personal Property Value

The value of the belongings you’re insuring directly influences cost. Policies that cover $60,000 worth of property are more expensive than those covering $20,000 because the insurance company must protect against greater potential loss. Simply put, the higher your personal property coverage limit is, the higher your premium will be.

For example, whether your belongings are worth $20,000, $60,000, or $100,000, your renters’ insurance rate is based on the coverage limit you choose, not the total value of everything you own. If you select a higher coverage amount, your premium increases accordingly.

Building Condition and Safety Features

The age and condition of the building you live in can affect your rate. Buildings with fire sprinklers, smoke alarms, secure entrances, and burglar alarms typically qualify for lower premiums because they reduce the likelihood of claims. This is the reason renters insurance is generally cheaper for newer buildings compared to the old ones, as they are built on modern building codes with more advanced safety features.

Some insurers also offer pet liability insurance as an add-on to help cover potential pet-related injuries or property damage, which can help you save extra premiums on your policy.

Tips to Lower the Cost of Renters Insurance in Michigan

If you’re facing high renters’ insurance premiums in Michigan, there are proactive steps you can take to lower your renters’ insurance rates. Even if you’re located in an area where the renters’ insurance rate is generally high, it’s possible to qualify for a cheaper rate by improving your personal profile and making smart coverage choices. The following tips can help you lower your renters’ insurance premiums.

• Try to Maintain a Claims-Free Record: Avoid filing small claims when possible. A claims-free record helps you appear as a lower-risk policyholder, often resulting in lower premiums over time.
• Reduce Unnecessary Coverage: Only purchase the amount of personal property coverage you actually need. Conduct a quick home inventory instead of overestimating the value of your belongings for an accurate estimate.
• Improve Home Security: Adding safety features such as smoke detectors, deadbolt locks, security cameras, or burglar alarm systems can reduce risk and qualify you for security-based discounts.
• Consider Paying Your Premiums Annually: Many insurers offer discounts if you pay your premiums in full rather than in monthly installments.
• Increase Your Deductible: Choosing a higher deductible can significantly reduce your monthly premium. Just be sure you can comfortably afford the deductible amount in case you need to file a claim.

Renters Insurance Cost: Michigan vs National Average

Renters insurance in Michigan is slightly lower than the national average. In Michigan, the average cost is about $21.60 per month, or $260 per year, compared to the national average of $23 per month, or $276 per year. This means renters in Michigan typically pay a little less than renters in other parts of the country.

However, premiums can vary significantly from state to state, so Michigan’s average being lower doesn’t necessarily mean it is the cheapest compared to nearby or similar states.

The Bottom Line: Is Renters Insurance Worth the Cost in Michigan?

Yes, renters insurance is worth the cost in Michigan, as you can financially protect your personal belongings from theft, natural disasters, and other unexpected events like fire and water damage. Unfortunately, some areas in Michigan are highly prone to weather casualties and also have high rates.

Also, if you’re somehow responsible for someone else’s injury in your rented home, you’re liable to pay their medical bills. With renters' insurance, you have all these risks covered. So, that’s why it's essential for you to have adequate coverage of your personal and liability coverage in your renter's insurance policy.

If you need help getting an affordable renters insurance policy with the best coverage options, please contact us today for a free quote.

Frequently Asked Questions (FAQs)

How much is renters insurance per month in Michigan?

Renters insurance in Michigan costs about $21.6 per month on average. However, your monthly renters insurance rate can vary depending on your location, coverage limits, deductible, and personal risk factors.

How much is $100,000 renters insurance a month?

Renters insurance with $100,000 liability coverage in Michigan typically costs between $19 and $37 per month, depending on the amount of personal property coverage and deductible you choose. 

How expensive is renters insurance typically?

In areas like Flint and Detroit, the average renters insurance rate ranges from $50 to $60 per month ,which is $600 to $720 per year or more. Apart from location, your renters insurance premiums can also be expensive based on your insurance claims history, building’s structural conditions, and other personal risk factors.

Does renters insurance cover car theft in Michigan?

No, renters insurance excludes cars and other vehicles as car theft is specifically covered by auto insurance. So, that’s why renters’ insurance does not cover car theft.