Michigan Renters Insurance Prices Revealed in Shocking Detail
Factors Influencing Renters Insurance Costs
Several factors determine the cost of renters insurance in Michigan. These include the location of your rental property, the amount of coverage you choose, and your deductible. Urban areas like Detroit or Grand Rapids might have higher rates due to increased risks of theft or vandalism. On average, renters insurance in Michigan costs about $15 to $20 per month, which is relatively affordable compared to the national average1.