How To Find The Best Car Insurance In Michigan
To find the best car insurance in MI, you may want to start by evaluating your unique situation. All insurance companies also offer different rates, so getting quotes from multiple auto insurers may help you find a carrier that fits your needs and budget. In general, there are a few ways you can assess your insurance needs to help you find the coverage that is right for you.
The Cheapest Car Insurance Companies In Michigan
Finding the cheapest auto insurance in Michigan may take a bit of research, but it is worth the effort. Bankrates insurance editorial team partnered with Quadrant Information Services to obtain average rates for the largest insurance companies by market share. Knowing the average cost of car insurance from several carriers might help you understand if your premium is competitive. Although price is the primary concern for many Michigan drivers, we also evaluated each companys available coverage options, discounts and third-party customer satisfaction scores.
If you are searching for the cheapest car insurance in Michigan, you might want to consider getting quotes from the five auto insurers Bankrate analyzed.
Michigan Car Insurance Eligibility Points
Car insurance companies in Michigan assign you insurance eligibility points for certain traffic violations. These points are used when deciding whether or not to sell you a policy. Note, however, that the eligibility points used by insurers are not the same as the points on your driving record.
You can be turned down for automobile insurance if you have 7 or more eligibility points from violations within the past three years.
Here is how Michigan car insurance companies assign eligibility points:
- Driving more than 15 mph over the speed limit 4 points
- Driving 11-15 mph over the speed limit 3 points
- Driving 15 mph or fewer over the speed limit on freeways that used to have a maximum speed limit of 70 mph 2 points
- Other moving violations 2 points
- The first accident in which you are more than 50% at fault 3 points
- The second and subsequent accidents in which you are more than half at fault 4 points
For a list of driver license points for infractions, visit the Secretary of State Michigan driver point system website.
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Average Auto Insurance Rates In Michigan Increase Slightly But Are No Longer Highest In Nation
Snow collects on a car’s wheel well on Wednesday, April 4, 2018 in Muskegon, Michigan. Mike Krebs | MLive.comMike Krebs | MLive.com
The average cost of auto insurance slightly increased over the past year as more drivers parked at home during the early months of COVID-19 returned to the roads but Michigan no longer has the highest average rates in the nation.
The Zebra, a national auto insurance comparison site, calculated average costs of purchasing car insurance in zip codes around the country using publicly available rate data for its 2022 State of Auto Insurance report.
Statewide, average annual premiums in 2021 clocked in at $2,639, up from the average rate of $2,535 in 2020, according to the analysis. Michigan was one of 38 states that saw increased car insurance rates in 2021, the report found.
In the Detroit metro area, where drivers have paid far higher costs for auto insurance, the average premium was $3,148, a 2% increase from 2020. Comparatively, West Michigan drivers in Grand Rapids, Kalamazoo and Battle Creek paid an average of $2,462 for car insurance in 2021.
See how 2021 average auto insurance premiums compare by zip code across the state:
Sweeping changes made to Michigans auto insurance law in 2019 did probably help keep rates from increasing more than they did, Beck said.
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How Many Cars Are Insured In Michigan
Spread across Michigans 5.8 million insured drivers, thats about $195 Heller says insured Michigan driver is owed for 2020 alone.
Is Michigan the only state with no-fault insurance?
Brief Explanation of Michigan No-Fault Insurance NO-FAULT INSURANCE is required by law in Michigan. Every owner of a car must buy certain basic coverages in order to get license plates. It is against the law to drive or let your car be driven without no-fault insurance.
How much does insurance go up after an accident in Michigan?
If you get into an accident in which you are at fault and someone is injured, your car insurance rates could go up $1,157 on average, an increase of 46%. That rate hike was most pronounced in Michigan, where that sort of accident more than doubled annual costs.
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Average Cost Of Car Insurance In Michigan By Company
The insurance company you choose will also affect your rates. Consider whether a liability-only coverage, which has the most basic protections, already matches your needs, or if you can get a cheap full coverage that has the most comprehensive protection.
Nationwide offers the cheapest minimum coverage for $774 per year, while GEICO offers the cheapest full coverage for $2,161 per year. Farmers has the most expensive Michigan car insurance rates for both minimum and full coverage at $9,390 and $14,447, respectively.
Only military families can opt for a USAA auto insurance policy, the most affordable option for both coverage types.
Average Annual Costs of Car Insurance in Michigan – By Company
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Cheapest Minimum Coverage Car Insurance In Michigan For 50
Drivers in Michigan who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:
Travelers: $92 per year, or about $8 per month.
Wolverine Mutual: $162 per year, or about $14 per month.
Secura: $171 per year, or about $14 per month.
Chubb: $384 per year, or about $32 per month.
Westfield: $420 per year, or about $35 per month.
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Why Are Car Insurance Rates Going Up In Michigan
Drivers in Michigan are getting ready to brace themselves as auto insurance rates are set to increase this year across the state. According to experts, many insurers are boosting premiums in the double-digits. They say the rising rates are a result of inflation as businesses try to compensate for higher costs.
What Car Insurance Is Required In Michigan
In Michigan, its illegal to drive without insurance. Drivers in Michigan are required to have the following car insurance coverage: bodily injury, property damage, uninsured motorist bodily injury, property protection, and personal injury protection.
This chart shows the minimum auto insurance drivers are required to have in Michigan.1
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Cheapest Car Insurance After A Dui In Michigan: Progressive
Progressive is the best option for cheap car insurance after a DUI in Michigan, offering an average rate of $241 a month. If youre eligible, USAA is a great choice in this situation, too, with an average rate of $280 a month.
|Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.|
The state average rate for car insurance after a DUI is $958 a month. Many drivers see their car insurance premiums double following a DUI conviction.
Average Car Insurance Costs In Michigan
How much is insurance in the Great Lake State?
With a population of over 10 million, Michigan is the 10th most populated state in the country and features over 256,207 miles of road. There are many factors that go into calculating the rate you pay for car insurance. Below is a breakdown of how much drivers in Michigan pay for coverage based on different factors. To learn more about insurance requirements in Michigan, check out Michigan Car Insurance.
Michigan Car Insurance Rates By Zip Code
CarInsurance.com commissioned Quadrant Information Services to provide a report of average auto insurance rates for a 2017 Honda Accord for nearly every ZIP code in the United States. We calculated rates using data for up to six large carriers. Averages for the default result are based monthly insurance for a male driver, age 30, for state minimum required liability coverage. Averages for customized rates are based on drivers ages and gender for the following coverage levels: state minimum liability, liability of 50/100/50 and 100/300/100 with $500 deductible on comprehensive and collision. These hypothetical drivers have clean records and good credit. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.
Enter a ZIP code in the tool below to see the average premium for the location. You will also see the highest and lowest rates from the six major carriers surveyed. You can get a more customized rate by choosing from among six age groups and three coverage levels. This way you can tell if your quotes are too high and if you should keep shopping for a lower rate.
Cheap Car Insurance Companies In Warren
Geico offers the cheapest car insurance in Warren, at an average of $1,489 per year with full coverage limits of 100/300/100.
The second cheapest company in Warren is USAA, offering car insurance rates at $1,556 per year. USAA offers car insurance only to members of the military, veterans and their immediate families.
As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Warren before deciding on the policy that matches your requirements.
The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Warren, Michigan:
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Cheapest Car Insurance In Michigan: Auto
Auto-Owners offers the cheapest car insurance rates in Michigan for minimum-coverage policies, at $135 a month, on average.
Actually, USAAs average rates for minimum-coverage car insurance, just $70 a month, are even cheaper than those of Auto-Owners however, only current and former members of the military, as well as certain family members, can get insurance from USAA. Were including it here anyway for reference.
|Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.|
A minimum-coverage car insurance policy includes just the minimum coverage types and amounts state law requires. In Michigan, a minimum-coverage policy includes bodily injury and property damage liability coverage, as well as personal injury protection and property protection insurance coverage.
Cheap Car Insurance Quotes In Michigan On Ticket Profile
Average car insurance cost in Michigan is calculated after analyzing multiple important factors like previous insurance, credit score, education, marital status, employment, driving history, and military service. Lets have a look at five important factors that will have a major impact on the Average Cost of Car Insurance in MI:
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Cheapest Full Coverage Insurance Michigan
On the other side of the spectrum is of course Full Coverage. Which is a wise choice if you cannot cover damages to a vehicle you are currently paying on.
For Coverage to be FULL, one must add two coverage types. Comprehensive and Collision. The basic liability limits only cover outside of your vehicle, while comprehensive and collision cover you property.
Our thorough agents take the time to be diligent and compare as many different insurers as needed to find the policy for you! Please give us a call today to get your FREE quote started. Cant get away long enough for a call? Weve got you covered! Please visit our Website at your own convenience to start your insurance Michigan quote.
Best Car Insurance Companies In Michigan
State Farm is our pick for best car insurance company in Michigan due to its superior rating from our editors, top J.D. Power customer satisfaction score and high financial stability marks from A.M. Best.
Auto-Owners also scores highly for support satisfaction and is one of the cheapest companies available in Michigan.
We recommend all Michigan drivers compare auto insurance quotes to find the lowest price, but you should also choose an insurance company with a great reputation. How you balance savings and quality of service is up to you, but you’ll likely make an auto insurance claim in a time of stress and need. It helps to know you’ll be working with an insurer that has a track record of being responsive and fair.
J.D. Power’s Auto Claims Satisfaction Study is a yearly nationwide survey that asks insurance customers about their experience filing claims with their insurer. Higher scores are better, and the best possible rating is 1,000.
A.M. Best’s Financial Strength Rating is a letter grade that describes the overall financial health of an insurance company and its ability to pay out claims. The best score is “A++”. All of the companies that we studied received a “Superior” or “Excellent” Financial Strength Rating, meaning that they are well-equipped to pay out claims, even in difficult economic times.
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How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
- Michigan drivers pay above-average car insurance rates, partly due to the number of drivers on the roads.
- USAA and Geico have cheap full coverage rates for Michigan drivers.
- Detroit drivers pay some of the highest rates in the state, which rates in Ann Arbor are well below the state average.
Average Car Insurance Cost: Minimum To Full Coverage
Maintaining the minimum amount of insurance your state requires will allow you to drive legally, and itll cost less than full coverage. But it may not provide adequate protection if youre in an accident or your vehicle is damaged by another covered incident.
Curious about how the average price for minimum coverage stacks up against the cost of full coverage? According to Insurify.com, the average cost for maintaining state minimum liability coverage is $164 per month, and the average cost of maintaining full coverage is $323 per month.
But the only way to know exactly how much youll pay is to shop around and get quotes from insurers.
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Minimum Coverage Requirements For Michigan Drivers
Like drivers in most states, Michigan drivers are required to carry at least a minimum amount of car insurance. To register your vehicle with the states department of motor vehicles , you must show proof that you purchased at least the minimum amount of coverage, which is 50/100/10:
- $50,000 bodily injury liability per person
- $100,000 bodily injury liability per accident
- $10,000 property damage liability per accident
Michigan policies default to 250/500/10 coverage, so you will need to select lower limits if you want to purchase minimum coverage. Additionally, Michigan is a no-fault state, which means drivers have to carry personal injury protection coverage. If you are in an accident, personal injury protection will pay for your medical expenses and lost wages, as well as the same costs for any passengers you have, up to your coverage limits, regardless of who caused the accident. As a result of auto insurance reform implemented in 2020, Michigan drivers can choose from six options for personal injury protection insurance. Drivers are also required to purchase property protection insurance , which applies to damage caused to other peoples property within Michigan, like fences or buildings, up to $1 million.
Michigan Auto Insurance Requirements
Michigan law requires drivers to have a minimum of 50/100/10 car insurance. This means your policy must include at least:
- $50,000 of bodily injury liability coverage per person
- $100,000 of bodily injury liability coverage per accident
- $10,000 of property damage liability coverage for accidents outside of Michigan
Michigan drivers also need a minimum amount of personal injury protection and property protection insurance coverage. The state minimums for these coverage types are:
- $250,000 of PIP
- $1,000,000 of PPI
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Michigan Car Insurance Laws
The state of Michigan has a number of car insurance regulations that must be obeyed. Due to Michigan’s status as a no-fault state, some of these laws are unique to the state. Car insurance in Michigan is regulated as follows:
- In Michigan, all drivers are required by law to carry a minimum amount of automobile insurance coverage.
- When asked by law enforcement for proof of insurance, drivers who refuse to produce it risk having their licenses suspended.
- Those who drive must be covered by a minimum of 50/100/10 liability insurance, as well as PIP and PPI for property damage .
In Michigan, drivers who carry only the bare minimum in liability insurance typically end up paying the lowest premiums. Drivers are advised by most insurers to purchase more liability coverage than is required. Even if the state’s minimum liability coverage limits are sufficient to cover all of an accident’s costs, this is not a guarantee.