Renters Insurance Cost in Michigan
Renters insurance in Michigan costs about $180 a year ($15 a month), which is close to the US average. Most prices fall from $100 to $350.
Renters Insurance Cost in Michigan
| Low | Typical | High | |
|---|---|---|---|
| Michigan | $100 | $180 | $350 |
| US average | $100 | $180 | $360 |
Insurers price by state because accident rates, theft, storms and legal costs differ from place to place. We rank Michigan number 23 of 51 from cheapest to most expensive (1 is cheapest). State factor used: 0.98 (1.00 is the US average).
What the price covers
The figures are for about $30,000 of personal property and $100,000 liability. Renters insurance is one of the cheapest policies you can buy. Many landlords now require it.
Ways to pay less in Michigan
- Count your belongings before you pick a limit; most people own more than they think.
- Bundle with car insurance for a discount.
- Choose replacement cost over actual cash value if the price gap is small.
Frequently asked questions
How much is renters insurance?
In Michigan the typical price is about $180 a year ($15 a month), with a range of $100 to $350.
Is renters insurance more expensive in Michigan than average?
It is close to the US average of $180.
Is this a quote?
No. It is a modelled estimate. Get quotes for your exact situation.
Sources and method
- Insurance Information Institute: auto and homeowners insurance facts
- NAIC: average premium reports and consumer insurance guides
- Estimates only, not an insurance quote
Page last updated November 2026. See our editorial policy and disclaimer.