Cost & Coverage
We make it easy to compare and buy insurance.LEARN MORE
Find the best renters insurance in Grand Rapids to ensure your belongings are protected.
Grand Rapids is one of the premier beer cities in the country, as it’s esteemed breweries have propelled it toward the top of several top beer city rankings. Grand Rapids is a popular landing spot for young and adventurous craft beer enthusiasts, and also a popular city for renters, as 47% of occupied housing is rented rather than owned.1 If you’re a renter, you should consider purchasing renters insurance.
Renters insurance ensures that your personal belongings are protected. There are countless reasons you should consider renters insurance if you live in Grand Rapids, from rate affordability to the high risk of weather-related damage to break-ins. Read on to learn more about why renters insurance makes sense for Grand Rapids residents.
|Insurance Company||Monthly Cost - $500 Deductible||Monthly Cost - $1,000 Deductible|
†Not available in Grand Rapids ‡Online quotes not available
Methodology: We pulled renters insurance quotes online from five of the most popular insurance companies: State Farm, Lemonade, Allstate, Travelers and Stillwater. Quotes were for policies with $500 and $1,000 deductibles for a 30-year-old female apartment renter. We deferred to the most comparable coverage amounts when identical policies were unavailable.
Renters insurance is about far more than simply protecting your personal property. If someone is accidently injured in your home and requires legal or medical expenses on your behalf, that financial burden is lifted off your shoulders with renters insurance.
If you’re forced to move out of your apartment because of hazards like fire or water damage, your renters insurance’s loss-of-use coverage provides you and your family with additional expenses to cope with this misfortune. Meaning, if you normally spend $400 per month on groceries for your family, renters insurance may cut you a check for $500 instead, since you’ll be forced to eat out instead of cook. Loss-of-use coverage, also called additional living expenses coverage, may also supply funds for hotel expenses and additional car mileage if the need arises.
Here’s a rundown of the components you should look for in a policy when comparing renters insurance quotes.
We’ve got a full explainer of what renters insurance covers here.
Renters insurance is not a legal requirement in Grand Rapids or the state of Michigan, but landlords and management companies may put a clause in the lease requiring tenants purchase a policy.
In fact, considering Grand Rapids’ penchant for copious amounts of snow (thanks, Lake Michigan), it may be best for Grand Rapids residents if landlords included such a provision in the lease.
Renters insurance is among some of the most affordable insurance types to buy, and considering your most cherished personal belongings are typically stored in your residence or storage units, it should be a no-brainer in any city.
While property crime as a whole is on par with the national average, arson levels are about double the national average, according the to FBI Crime Data Explorer.2 But even in predominantly safe Grand Rapids, renters insurance is a necessary safeguard to have, given the high theft and break-in potential of urban areas.
|--||Grand Rapids incidents||Grand Rapids rate*||Nationwide incidents||Nationwide rate*|
|--||*per 100,000 people|
Did you know that renters insurance covers weight of snow damage? Yes, renters insurance will cover your personal belongings if that metric ton of snow on your roof causes it to fall through, or if the cold temperatures cause your pipes to freeze and burst.
This is a big deal for GR residents, who receive an average of almost 76 inches of snow per year, thanks to the perpetual blizzard caused by the region’s lake-effect snow.3
Grand Rapids residents looking for more information on renters rights and resources should check out the following:
GR Housing Commission: Housing nonprofit that partners with affiliate community organizations to provide safe, affordable housing and emergency services.
Dwelling Place GR: Organization geared toward creating affordable housing, supporter services, and neighborhood revitalization.
Legal Aid of Western Michigan: Provides free legal advice and representation for low-income residents.
Security you can trust
Yes, we have to include some legalese down here. Read it larger on our legal page. Policygenius Inc. (“Policygenius”) is a licensed independent insurance broker. Policygenius does not underwrite any insurance policy described on this website. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best efforts to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. Savings are estimated by comparing the highest and lowest price for a shopper in a given health class. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%. Rates are subject to change and are valid as of 2/17/17.
Copyright Policygenius © 2014-2020