To drive legally in Michigan, you must have car insurance, just as in the rest of the country. Looking for the cheapest car insurance in Michigan can be time-consuming. Obtaining multiple auto insurance quotes in Michigan from various agencies can be challenging. If you are looking for cheap car insurance always keep in mind that it may not be the best car insurance in Michigan. Do not go for particular car insurance based on the reviews of your friends and family when they advertise it as the best car insurance in Michigan.
No matter where you live, whether in Holland, Saugatuck, or Ludington you will need to get car insurance quotes. When looking for low-cost car insurance quotes in Michigan obtain quotes from various insurers and compare them to ensure you’re having the best coverage at the lowest possible price, as many factors will influence your car insurance quote.
Factors affecting auto insurance quotes in Michigan
Several factors determine car insurance quotes in Michigan. It is up to each insurance provider to give discounts and change car insurance rates based on factors such as:
- Your driving history
- Personal details like age, gender, and marital status.
- Locations from where you are applying
- Previous car insurance policy
- How many miles do you travel?
- How long have you been driving?
- Year, make, and model of the vehicle.
Please keep in mind that Michigan requires insurers to use your credit score to calculate your auto insurance cost.
Car insurance rates in Michigan differ depending on where you live. Congested areas with high crime and traffic bring a greater risk of robbery, vandalism, and injuries, so insurance premiums are higher in those areas.
Insurance premiums also vary depending on the type of driver. Young drivers, single drivers, and drivers with bad credit are more likely to be involved in an accident. As a result, these individuals usually pay higher insurance premiums. Drivers with a history of injuries, DUI convictions, or many traffic tickets face higher rates as well.
Cost of average car insurance in Michigan
For auto insurance, Michigan is one of the most expensive states in the nation. The total annual expenditure for Michigan drivers is $1400, well above the national average of $1025.
The following are the required car insurance coverages for a driver in Michigan:
- Liability coverage
- Collision coverage
- Comprehensive coverage
The average costs of the above coverage are as follows:
- Liability coverage: $965
- Collision coverage: $475
- Comprehensive coverage: $160
(The costs, as mentioned earlier, are just estimates. It can go up or down depending on the financial stability of the car insurance company.)
The insurance premium you pay is determined by the insurance provider you chose to hold a policy. GEICO has the most affordable auto insurance in Michigan, with an average annual study cost of about $1290. That is approximately $1300 less than the state’s average representative premium and approximately $400 less than the most expensive business, Allstate, which charges an annual study rate of approximately $5600 in Michigan.
USAA, Progressive, GEICO, and Travelers all have study rates that are lower than the state average, whereas Nationwide, State Farm, and Farmers are on the higher end of the spectrum.
Rates for older, married people decrease marginally on average, but the insurance provider you choose matters more than your gender orientation or marital status. For benefits, the single 25-year-old driver profiles pay an average study rate of about $3006 per year.
Prices drop to about $2769 for married 35-year-old driver profiles and drop even further by about $240 for married 60-year-olds, who pay an average of $2466.
Allstate continues to be the most expensive insurance provider in all age categories and marital status demographics, paying about 50% more than the national average. GEICO’s average premium is consistently the most competitive across all driver profiles, costing nearly 50% less than the average prices.
Minimum auto insurance provisions in Michigan
Every state has different minimum standards for auto insurance plans that all drivers must legally drive in that state. When looking for auto insurance rates in Michigan, you will most likely see liability coverage limits of 20/40/10 or higher since this is Michigan’s minimum liability insurance coverage. It comes down to:
- Property loss liability of $10000.
- Each individual is liable for $20000 in bodily harm.
- bodily injury liability of $40000 per accident
Unlimited personal injury insurance (PIP coverage) with a deductible of $0, $300, or $500 is also required, as well as $20000/$40000 protection from uninsured/underinsured motorists (UM/UIM). UM,/UIM coverage, on the other hand, may be refused in writing.
Comprehensive vehicle insurance coverage, crash coverage, and medical payments are common forms of auto insurance (MedPay). While these coverages are not mandated by state statute, they may be helpful if you are involved in an at-fault accident or need to make some form of claim with your auto insurance provider.
It’s also worth noting that Michigan is a no-fault state, which means you must have insurance covering your injuries. Regardless of who caused the accident, you can settle injury cases through your insurance policy.
If a driver is caught driving without proof of insurance in Michigan, they can face severe consequences such as:
- Fines ranging from $200 to $500.
- A year in prison is possible.
- Suspension of driver’s license before evidence of insurance is given.
- Driver’s license revocation.
Furthermore, any person involved in a car accident will be held responsible for any accidents or car accident-related medical costs and missed earnings suffered by the other party.
If you live in Michigan and search for cheap auto insurance, it is good to compare rates from many different companies.
Cheapest car insurance in Michigan
By reviewing driver profiles with medium insurance coverage, clean histories, strong credit, and 12,000 miles of annual driving, we discovered the car insurance companies offering the lowest premiums in Michigan. According to our research, GEICO has the lowest representative premiums for the vast majority of driver profiles across all demographics surveyed.
GEICO’s average study rate in Michigan is 52% lower than the state average; however, for driver profiles with one DUI, GEICO has one of the three highest rates, alongside Allstate and Travelers. GEICO provided the lowest study rates for nearly every driver profile in our research. The representative premium charged by GEICO was less than half the price of some competitors’ study prices. Progressive outperformed GEICO in one segment, offering a lower representative rate to a DUI profile.