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How much is renters insurance in Michigan?
After having a close call recently, I’m looking to purchase renters insurance. My roommate left a burner on (again) and a towel that was too close to it caught fire. He put it out, but it could’ve ended a lot worse. Now I just want to make sure my stuff is protected. How much is renters insurance in Michigan?
Melanie Mergen · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Wow, I’m glad everything ended up okay, but you’re right; that could’ve been a lot worse. Insurance costs are influenced by many factors, but the average cost of
renters insurance
in Michigan is about $249 per year. While that’s roughly $90 more than the national average, that’s still less than $21 a month. With a standard renters insurance policy, you’ll have coverage for your personal belongings, as well as coverages like personal liability and loss of use.
Keep in mind, though, that if you have certain valuables that need protecting, like a family heirloom or expensive jewelry, a basic renters insurance policy might not cover those, which would mean you’d need to purchase additional coverage.
A lot can happen to you and your belongings that you have no control over. With renters insurance, you’re paying a small monthly cost for something that could end up saving you thousands in the long term if you ever need it.
As you get started on your renters insurance search, insurance broker and comparison app
Jerry
is here to help! In less than a minute, you can start reviewing renters insurance quotes to find the policy that’s the best fit for you. And, if you’re looking to save even more, Jerry can even help you bundle your renters and car insurance
together.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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