Finding the Best Renters Insurance in Michigan
Whether you are looking for comprehensive cover or cheap renters insurance, Michigan has some delectable insurance deals on offer. Renters insurance in Michigan is similar in price to the national average, although there are several factors that can either up that cost or lower it. In this article, we'll look at the things that can lower your premium, increase your premium, and also at the different features you can expect from renters insurance in Michigan. Despite renters insurance being one of the most affordable expenses, it offers invaluable protection to your daily life- the sanctum that can't have a price tag. If your house or home becomes inhospitable due to an unforeseen circumstance, will you have a place to rest? Renters insurance can not only protect your valuables but can cover you if your home is rendered inhabitable. Knowing that your coverage will protect you and your family is priceless in the face of an emergency.
| Renters Insurance Costs in Michigan | Rates |
|---|---|
| Avg. Rate of Renters Insurance in Michigan Annually | $138.86 |
| Avg. Rate of Renters Insurance in Michigan Per Month | $11.57 |
A Quick Glance at Renters Insurance in Michigan
Whether you are looking for comprehensive cover or cheap renters insurance, Michigan has some delectable insurance deals on offer. Renters insurance in Michigan is similar in price to the national average, although there are several factors that can either up that cost or lower it. In this article, we'll look at the things that can lower your premium, increase your premium, and also at the different features you can expect from renters insurance in Michigan. Despite renters insurance being one of the most affordable expenses, it offers invaluable protection to your daily life- the sanctum that can't have a price tag. If your house or home becomes inhospitable due to an unforeseen circumstance, will you have a place to rest? Renters insurance can not only protect your valuables but can cover you if your home is rendered inhabitable. Knowing that your coverage will protect you and your family is priceless in the face of an emergency.
| City in Michigan | Costs Per Month for Renters Insurance | Average Costs Per Year for Renters Insurance |
|---|---|---|
| Ann Arbor, MI | $13.55 | $162.56 |
| Battle Creek, MI | $16.53 | $198.40 |
| Bay City, MI | $15.95 | $191.36 |
| Canton Township, MI | $17.43 | $209.12 |
| Clinton, MI | $17.21 | $206.56 |
| Commerce Township, MI | $17.65 | $211.84 |
| Dearborn, MI | $23.89 | $286.72 |
| Dearborn Heights, MI | $23.73 | $284.80 |
| Detroit, MI | $39.23 | $470.72 |
| East Lansing, MI | $15.44 | $185.28 |
| Eastpointe, MI | $20.21 | $242.56 |
| Farmington Hills, MI | $18.32 | $219.84 |
| Flint, MI | $31.11 | $373.28 |
| Grand Blanc, MI | $18.65 | $223.84 |
| Grand Rapids, MI | $15.49 | $185.92 |
| Holland, MI | $14.56 | $174.72 |
| Holland, MI | $14.56 | $174.72 |
| Jackson, MI | $17.36 | $208.32 |
| Kalamazoo, MI | $16.07 | $192.80 |
| Kentwood, MI | $15.39 | $184.64 |
| Lansing, MI | $16.44 | $197.28 |
| Lincoln Park, MI | $25.32 | $303.84 |
| Livonia, MI | $17.73 | $212.80 |
| Macomb Township, MI | $16.95 | $203.36 |
| Midland, MI | $15.39 | $184.64 |
| Muskegon, MI | $19.37 | $232.48 |
| Novi, MI | $16.99 | $203.84 |
| Orion, MI | $19.12 | $229.44 |
| Pontiac, MI | $25.60 | $307.20 |
| Port Huron, MI | $15.69 | $188.32 |
| Portage, MI | $14.77 | $177.28 |
| Redford, MI | $26.49 | $317.92 |
| Rochester Hills, MI | $17.29 | $207.52 |
| Roseville, MI | $20.20 | $242.40 |
| Royal Oak, MI | $16.92 | $203.04 |
| Saginaw, MI | $22.80 | $273.60 |
| Saginaw, MI | $22.80 | $273.60 |
| Shelby, MI | $16.76 | $201.12 |
| Southfield, MI | $26.68 | $320.16 |
| Southgate, MI | $21.67 | $260.00 |
| St. Clair Shores, MI | $17.37 | $208.48 |
| Sterling Heights, MI | $17.67 | $212.00 |
| Taylor, MI | $22.96 | $275.52 |
| Troy, MI | $16.28 | $195.36 |
| Warren, MI | $21.25 | $255.04 |
| Waterford, MI | $20.47 | $245.60 |
| West Bloomfield, MI | $19.55 | $234.56 |
| Westland, MI | $21.29 | $255.52 |
| White Lake, MI | $18.37 | $220.48 |
| Wyoming, MI | $14.73 | $176.80 |
| Ypsilanti, MI | $17.80 | $213.60 |
Is Renters Insurance Required in Michigan
Many people are curious first to find out whether or not renters insurance is a state requirement or state-mandated. The answer to this question is no; there are no Michigan renters insurance requirements under Michigan state law. However, as with many states across the nation, landlords could require you to have proof of renters insurance before any new lease can be signed. Landlords generally require a new tenant to have some sort of coverage. This coverage ensures that your personal property is covered in the event of loss, damage, or threat. Your landlord's insurance will not cover your personal belongings, nor will it cover you and your family if you need shelter in the event of an emergency. Renters insurance in Michigan can protect your peace of mind, your personal belongings, and your safety. If your rental is rendered inhabitable, are you covered?
How Much is Renters Insurance in Michigan
Once you've decided to invest in renters insurance in Michigan, the next step is to find the best option. There's no denying it; the cost of renters insurance and the price of the different policies and plans will be a significant deciding factor. You will find most coverages will have an average yearly premium between $170 and $185. If you are looking to make a monthly payment, you can bank on an average of around $18. The average renter's insurance in Michigan is dependant on a few factors, including your more personal information (age, renters insurance history, etc.) as well as external factors such as the age of the property, the existing condition of the property, as well as the area you are renting in. Naturally, the more comprehensive your cover, the higher the premium. The trick is to find a premium that offers the coverage you are looking for that will also fit into your budget. Renters insurance rates in Michigan can be high if you are living in Flint, but they can also be some of the more cost-effective rates if you use low-cost renter insurance in Michigan.
| Price of Renters Insurance in Michigan by County | Rate Per Month | Rate Per Year |
|---|---|---|
| Bay County, MI | $15.95 | $191.36 |
| Calhoun County, MI | $16.53 | $198.40 |
| Genesee County, MI | $24.88 | $298.56 |
| Ingham County, MI | $15.94 | $191.28 |
| Jackson County, MI | $17.36 | $208.32 |
| Kalamazoo County, MI | $15.42 | $185.04 |
| Kent County, MI | $15.20 | $182.45 |
| Lenawee County, MI | $17.21 | $206.56 |
| Macomb County, MI | $19.34 | $232.10 |
| Midland County, MI | $15.39 | $184.64 |
| Muskegon County, MI | $19.37 | $232.48 |
| Oakland County, MI | $19.73 | $236.71 |
| Oceana County, MI | $16.76 | $201.12 |
| Ottawa County, MI | $14.56 | $174.72 |
| Saginaw County, MI | $22.80 | $273.60 |
| St. Clair County, MI | $15.69 | $188.32 |
| Washtenaw County, MI | $15.68 | $188.08 |
| Wayne County, MI | $24.48 | $293.74 |
What Does Renters Insurance Cover in Michigan
There are several basics that renter insurance covers in Michigan. These protect your personal property and belongings, medical payments for injuries resulting on the property, and additional living expenses. Some insurance companies offer flexible policies for you to add on as extras or adjust according to you and your lifestyles. Other companies, like Statefarm, offer basic cover at some of the most cost-effective rates- but have little to none room for adjustments. If you are willing to pay a bit extra for some flexibility and adaptability, then Travelers might be a worthwhile investment. The basics, or the bare minimum, can generally be covered for a low fee, but if you are looking for extra coverage, you might want to shop around and compare the different renter's insurance options in Michigan. Statefarm offers some of the most affordable coverages, while Liberty could offer some more extensive coverage options.
Best Renters Insurance Companies in Michigan Based on Consumer Ratings
The best renters insurance in Michigan has a balance between affordability and decent coverage options. It doesn’t help for a renter to select the cheapest premium without actually getting the coverage that he or she needs. The best all-around renters insurance company in Michigan is Statefarm. If you are looking for basic coverage at the lowest rates, it is worth checking out the policies that Statefarm offers. Their main drawback is a lack of customization, but if you are looking for simple and basic coverage at an affordable rate, then Statefarm could be an option for you. Other firm favourites among consumer reports are Farmers Insurance and Liberty Mutual. Farmers Insurance has top-rated customer service, so you know you will always be supported should you find yourself in the unfortunate position of looking to your insurance company for help. However, Farmers Insurance has fewer coverage options to choose from, although they offer competitively priced premiums. Liberty Mutual is one of the most affordable options, but reports are mixed on the customer service ratings.
| Michigan Renters Insurer | JD Power Rating | NAIC Rating |
|---|---|---|
| Allstate Corp Ratings for Renters Insurance in Michigan | A+ | 0.31 |
| Liberty Mutual Ratings for Renters Insurance in Michigan | A | 0.53 |
| State Farm Ratings for Renters Insurance in Michigan | A++ | 0.2 |
| USAA Ratings for Renters Insurance in Michigan | A++ | 0.33 |
| Farmers Insurance Ratings for Renters Insurance in Michigan | A | 0.39 |
| Auto Club Insurance Association Ratings for Renters Insurance in Michigan | A- | 0.36 |
| Auto-Owners Insurance Ratings for Renters Insurance in Michigan | A++ | 0.21 |
| Frankenmuth Insurance Ratings for Renters Insurance in Michigan | A | 0 |
| Michigan Farm Bureau Ratings for Renters Insurance in Michigan | A | 0.19 |
| The Hanover Insurance Group Ratings for Renters Insurance in Michigan | A | 0.18 |
Compare Renters Insurance in Michigan for the Best Rates
Before deciding on a renters insurance in Michigan, you should compare renters insurance in Michigan for the best rates. While Liberty Mutual is one of the most affordable renters insurance in Michigan, it is not necessarily the most cost-effective. Aim for a good balance between affordability and decent coverage, and you should find the best renters insurance to suit you and your family.