Best Renters Insurance in Michigan (2024)

Lemonade offers affordable renters insurance coverage in Michigan with plans starting as low as $5 per month. Using the Lemonade mobile app, you can sign-up for a renters insurance policy in under two minutes. If you ever need to file a claim, this same mobile friendly process applies along with quick payments.

Here are the endorsements you can add to a Lemonade plan

• Additional coverage for jewelry, fine art, and more
• Appliance equipment breakdown
• Coverage for your significant other 
• Landlord property damage 
• Water backup protection
• Earthquake protection

Lemonade provides the following discounts.

• Annual premium discount: This discount is available if you choose an annual over a monthly premium.
• Bundling discount: You’re eligible if you pair your renters insurance with auto, pet, or life insurance.
• Protective devices discount: This discount is available if your home has installed fire or burglar alarms.

Toggle makes it simple to choose the level of coverage you need for your rental at the perfect price to fit your budget. Our team was able to get quotes on a basic, standard, and premium policy after submitting a name, address, and birthday with the basic policy costing only $5 per month. We had the flexibility to completely customize coverage amounts, and adding endorsements was as easy as toggling on the selections we wanted. We were able to purchase a plan in only 2 minutes that could start as early as today.

Here are the endorsements you can add to a Toggle plan:

• Pet Parent
• Replacement Cost
• Temporary Living Costs
• Side Hustle
• Identity Protector
• Significant Other

Although not explicitly stated in the quote process, we identified several discounts that customers are eligible for by speaking with a customer service representative.

• Diminishing deductible: For every year you don’t file a claim, your deductible will decrease with no added cost to your policy.
• Multi-policy: Customers who bundle with auto insurance are eligible to save with this discount.

Liberty Mutual offers the most affordable renters insurance policies out of the providers in this review. You can get a policy starting at $5 per month, which is well below the national average of $15 per month. With that price, you’ll receive liability, personal property, loss of use, and medical payments to others coverage.

Here are the endorsements you can add to a Liberty Mutual plan:

• Blanket jewelry coverage
• Earthquake coverage
• Portable electronics coverage

Liberty Mutual offers the following discounts:

• Claims-free discount: This discount is available if you haven’t filed a claim within the past five years.
• Early shopper discount: You’re eligible for this discount if you purchase a renters insurance policy from Liberty Mutual before your existing policy ends.
• Multi-policy discount: You can save by bundling additional policies with your renters insurance, such as an auto policy.
• Online sign-up discount: You can get a 10% discount by purchasing a renters insurance policy online.
• Preferred payment discount: This discount is available when you enroll in an automatic payment plan.

Farmers offers your typical liability, loss of use, personal property, and medical payments coverage in all policies. What makes the company stand out is its non-smoking discount. The company also offers other discounts for bundling renters and auto insurance policies and for having safety features in your home.

Farmers provides most of its endorsements via an agent. Here is a list of endorsements it offers:

• Earthquake endorsement
• Flood insurance endorsement
• Identity Shield endorsement
• Jewelry, fur, and firearms coverage

Farmers offers the following discounts:

• Claim-free discount: You receive this discount for not filing a renters insurance claim within three years.
• Multiple policy discount: You’re eligible for this discount when you bundle life or auto insurance with your renters insurance policy.
• Security system discount: You can save on your policy if your home has installed fire alarms or security systems.
• Smoke-free discount: This discount is available to renters who have been smoke-free for two years.
• Welcome discount: This discount is for new Farmers customers.

A USAA policy includes three of the four standard types of renters insurance coverage—medical payments to others, personal property, and liability. What USAA lacks in loss of use coverage, it makes up for with flood and earthquake coverage, which isn’t usually included in base renters insurance policies.

Flood and Earthquake Insurance as well as identity theft coverage are all included in USAA base policies, which are typically charged as add-ons by competitors. Since the base coverage offered is so comprehensive, there are only a few endorsement options available:

• Extra electronics coverage: this add-on protects your electronics from every-day accidents that aren’t typically covered by renters insurance like spilling coffee on a laptop.
• Valuable personal property coverage: this coverage adds extra protection for your high value items such as jewelry or firearms.

USAA offers the following discounts to eligible customers:

• Bundle with auto insurance: save up to 10%
• Claims-free for 3 years: save up to 20%
• Protective devices: save up to 5%
• Living on a military base: save up to 28%
• Service academy enrollment: save up to 45%
• Military college attendance: save up to 20%