You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s editorial team writes on behalf of YOU – the lector. Our finish is to give you the best advice to help you make smart personal finance decisions. We follow rigorous guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. sol, whether you ’ re reading an article or a reappraisal, you can trust that you ’ re getting credible and dependable information. We rate your trust. Our mission is to provide readers with accurate and indifferent information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check column contentedness to ensure the information you ’ ra take is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive target compensation from our advertisers. Bankrate follows a nonindulgent editorial policy, so you can trust that we ’ ra putting your interests beginning. Our award-winning editors and reporters create honest and accurate subject to help you make the correct fiscal decisions. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ rhenium putting accuracy first. Our policy team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer servicing, policy features and savings opportunities — then you can feel confident about which provider is properly for you. Bankrate follows a rigorous editorial policy, so you can trust that we ’ re putting your interests first. All of our capacity is authored by highly certified professionals and reviewed by subject topic experts, who ensure everything we publish is objective, accurate and worthy of your faith. Founded in 1976, Bankrate has a long path record of helping people make smart fiscal choices. We ’ ve maintained this repute for over four decades by demystifying the fiscal decision-making process and giving people assurance in which actions to take future. While we adhere to strict editorial integrity, this post may contain references to products from our partners. hera ‘s an explanation for how we make money. This content is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. Although most drivers are expected to receive a $ 400 policy bounty refund in 2022, Michigan is one of the most expensive states in the country for car insurance. however, low-cost rates are available, although it could take a bit of research to find them. Based on Bankrate ’ s analysis, Travelers offers the cheapest minimal coverage rates in the Great Lakes State, with an average premium of barely $ 101 per class. If you are looking for more robust coverage, you can even protect your budget. Secura ’ sulfur average annual agio for full car policy coverage is equitable $ 826 per year — the cheap on our list. The average cost of car policy in Michigan is $ 948 per year for minimum coverage and $ 2,309 per year for entire coverage, significantly higher than the national average. It ’ south no surprise then that finding the cheapest car insurance in Michigan is a priority for many drivers. To help make your search for the cheapest car insurance easier, Bankrate analyzed average premiums from the express ’ s most democratic cable car insurance companies .
The cheapest car insurance companies in Michigan
Finding the cheapest car policy in Michigan may take a bit of research, but it is worth the campaign. Bankrate ’ s indemnity 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 policy from several carriers might help you understand if your bounty is competitive. Although price is the primary concern for many Michigan drivers, we besides evaluated each company ’ s available coverage options, discounts and third-party customer atonement scores.
Read more: Best car insurance companies for 2022
If you are searching for cheap car indemnity in Michigan, you might want to consider getting quotes from the five car insurers Bankrate analyzed .
The cheapest companies for minimum coverage in Michigan
Minimum coverage car insurance refers to a policy that only meets Michigan ’ s state-required coverage and limits. While minimum coverage can help you get the cheapest rates, most policy professionals recommend that you purchase higher limits for greater fiscal protection. If you are in the market for good the state-required coverage, these companies are among the cheap :
| Car insurance company | Average annual minimum coverage premium | Average monthly minimum coverage premium |
|---|---|---|
| Travelers | $101 | $8 |
| Westfield | $115 | $10 |
| Secura | $115 | $10 |
| Wolverine Mutual | $203 | $17 |
| Chubb | $363 | $30 |
The cheapest companies for full coverage in Michigan
Full coverage car policy typically costs more than minimum coverage, but besides gives you more fiscal auspices. You ’ ll gain coverage for price to your vehicle because entire coverage includes both comprehensive examination coverage and collision coverage. While full moon coverage might be optional for some drivers, it ’ sulfur normally required if you finance or lease your vehicle. These cheap cable car indemnity companies have some of the most low-cost rates for wax coverage in the state :
| Car insurance company | Average annual full coverage premium | Average monthly full coverage premium |
|---|---|---|
| Secura | $826 | $69 |
| Wolverine Mutual | $1,082 | $90 |
| USAA | $1,255 | $105 |
| Progressive | $1,394 | $116 |
| Geico | $1,467 | $122 |
Events that can impact your cheap rates in Michigan
car indemnity rates aren ’ t static ; they can change based on your current circumstances. You might want to consider shopping around for coverage if your rate has recently changed because you :
- Added a teen driver: Teens pay some of the highest average rates of any age group due to their inexperience. Adding a teen driver could skyrocket your insurance costs, so you might want to check around for companies that are cheaper for teens. You can also take advantage of teen discounts, like savings for good students and those who participate in teen driver safety programs.
- Received a speeding ticket: Speeding tickets are typically a red flag for auto insurers that your driving habits aren’t safe. If you get a speeding ticket, you can expect your rates to be higher for the next three to five years. The amount of the premium increase you incur will depend on the specifics of your ticket; you will likely see a more significant increase the faster you were going over the speed limit.
- Were involved in an at-fault accident: If you cause one accident, insurance companies worry that you’ll cause more. Because of the change in your perceived risk level, you’ll likely be charged more for coverage for three to five years. If you have a clean driving record at the time of your accident and you have an accident forgiveness feature on your insurance policy, you might avoid this surcharge.
- Were deemed a high-risk driver: Several scenarios can result in you being considered a high-risk driver. Having multiple accidents, several tickets or a DUI conviction — or a combination of these — can mean you are a greater risk to an insurance company. Not all auto insurers will write policies for high-risk drivers, so you might have limited options for cheap car insurance in Michigan. Doing more research and getting quotes from companies that tailor their coverage to nonstandard drivers might help you find more affordable rates.
Cheapest cities for car insurance in Michigan
As a way to protect consumers from what could be considered discriminatory rate factors, Michigan has banned the consumption of information not directly related to your driving history as factors for calculating your car policy premium. The ban precludes car insurers from using data like your age, ZIP code, occupation, marital status and homeownership to determine rates. Because of this ban, average premiums across Michigan are fairly similar. however, early geographic factors can still affect the cost of coverage, like the price of vehicle repairs and aesculapian care in your sphere, ampere well as the statistical likelihood of accidents .
Minimum coverage requirements for Michigan drivers
Like drivers in most states, Michigan drivers are required to carry at least a minimum come of car indemnity. To register your vehicle with the state ’ s department of centrifugal vehicles ( DMV ), you must show proof that you purchased at least the minimal sum 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 (for damage in other states)
Michigan policies default to 250/500/10 coverage, so you will need to select lower limits if you want to purchase minimal coverage. additionally, Michigan is a no-fault state, which means drivers have to carry personal injury protective covering ( PIP ) coverage. If you are in an accident, personal injury protection will pay for your medical expenses and lost wages, american samoa well as the lapp costs for any passengers you have, up to your coverage limits, careless of who caused the accident. As a result of car indemnity reform implemented in 2020, Michigan drivers can choose from six options for PIP indemnity. Drivers are besides required to purchase property security insurance ( PPI ), which applies to damage caused to other people ’ sulfur property within Michigan, like fences or buildings, up to $ 1 million. If you want to save money on car policy, you may be tempted to purchase minimal coverage. While minimal coverage is frequently a cheaper choice, most insurance professionals advise that you purchase higher liability limits if you can afford them thus that you are financially protected from significant losses. Minimum coverage besides does not provide any coverage for damage to your vehicle, including collisions, storm damage and larceny. For that, you will need broad coverage. You may even be required to purchase full coverage if you have a loanword or lease on your car .
Here is how to find (and keep) cheap car insurance in Michigan
median car policy premiums in Michigan are some of the highest in the state, but there are ways to find brassy rates. once you have a cheap policy, you can besides work toward keeping your rates gloomy with these tips :
- Shop around: Car insurance companies all have different average rates. Shopping around can help you find the company that can offer the cheapest rate for the coverage you need. The Insurance Information Institute (Triple-I) recommends you get a minimum of three quotes to compare coverage and costs.
- Keep a clean driving record: Drivers with clean driving records avoid surcharges that can increase policy premiums. Avoiding accidents, tickets and DUI convictions can help you keep your premium low.
Frequently asked questions
What is the best car insurance in Michigan?
There is not one cable car policy company in Michigan that is the best option for every driver. Because everyone has unlike needs from their car insurance, different companies will fit the needs of different drivers. If you are looking for the best car insurance company, you may want to research and compare respective carriers before choosing one .
Why is car insurance expensive in Michigan?
Michigan drivers pay more for car indemnity than drivers in many other states. There are respective reasons for this. Although driving without indemnity in Michigan is illegal, 25.5 % of drivers in the state are estimated to be uninsured, which is the second highest volume in the U.S. according to the Insurance Research Council. This may contribute to the higher premiums because insurance companies are more probable to pay out claims caused by uninsured motorists. additionally, Michigan has relatively high minimum coverage requirements, a large act of license drivers and a relatively high incidence of accidents .
Is Michigan a no-fault state?
Michigan is one of 12 states that is considered “ no-fault. ” That means your car insurance company may pay for your checkup bills, lost wages and early expenses stemming from an accident, regardless of who caused it. It does not mean that defect can not be assigned in an accident or that the at-fault driver ’ sulfur insurance caller will not have to pay for any damages. It besides does not guarantee that the at-fault driver can not be sued for damages under sealed circumstances .
How much does car insurance in Michigan cost?
In Michigan, the median cost of car policy is $ 2,309 per year for fully coverage, whereas minimum coverage averages $ 948 per year. Every driver pays a slightly different pace based on certain factors. however, it is significant to note that car reform legislation in Michigan restricts the factors that car insurers can use to determine how much you pay for indemnity. While your drive vehicle criminal record and make, model and year of your car are used to calculate your premium, insurers can no longer use your ZIP code, sex or credit-based policy score.
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean and jerk tug record and the trace full coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimal coverage limits, Bankrate used minimum coverage that meets each state ’ south requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a workweek and drive 12,000 miles annually. These are sample rates and should entirely be used for comparative purposes .