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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 03, 2022 Find cheaper car insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Get my free quotes Select from a variety of trusted carriers + MORE How it works Caret Down Get matched with personalized offers Tell us a little about yourself so we can share accurate and personalized offers. We only ask for info we know will impact your rate. Choose the best policy for you Compare your options from carriers who want to work with you, and select as many offers as you'd like. Finalize your rate and policy details Once you pick the carrier you want, finish the process by phone with an trusted agent or entirely online. That's it! On This Page
Michigan drivers pay an average of $2,345 per year for full coverage car insurance. This is quite a bit more than the national average of $1,771 per year. In fact, according to Bankrate's research, Michigan's average full coverage car insurance rates are the fifth-highest in the nation. Cheap car insurance in Michigan does exist, though. Travelers and Secura boast some of the lowest minimum coverage rates in the Great Lakes State, while Secura and USAA have cheap full coverage rates. Our analysis of the car insurance market in the state could help you find the lowest-priced coverage for your unique situation. Key takeaways Secura, USAA and Wolverine Mutual tend to offer lower average rates for Michigan drivers across a range of rating metrics. Michigan has the nation's fifth-highest average full coverage premium at $2,345 per year. The state of Michigan restricts the use of non-driving rating factors, but rates can still vary based on your unique driver profile. How Bankrate chose the cheapest car insurance companies in Michigan
Finding the in Michigan may take a bit of research, but it is worth the effort to save money in a relatively expensive state. Bankrate's insurance editorial team partnered with Quadrant Information Services to obtain average rates for the largest insurance companies by market share. Knowing the 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 company's available coverage options, discounts and third-party customer satisfaction scores to help ensure you find the right carrier for all your needs, including your budget. If you are searching for the cheapest car insurance in Michigan, you might want to consider getting quotes from the auto insurers Bankrate analyzed.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following 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 minimum coverage limits, Bankrate used minimum coverage that meets each state's requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Teens: Rates were determined by adding a 16-year-old teen to a 40-year-old married couple's policy. The rates displayed reflect the added cost to the parents' policy. Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Discover the best carrier for you
Get custom car insurance quotes from top-rated carriers in 3 minutes or less. The cheapest companies for minimum coverage in Michigan
for drivers 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 insurance professionals recommend that you purchase higher limits for greater financial protection. If you are in the market for just the state-required coverage, these companies are among the cheapest: Insurance company Average annual minimum coverage premium Average monthly minimum coverage premium Average annual minimum coverage premium $113 Average monthly minimum coverage premium $9 Average annual minimum coverage premium $117 Average monthly minimum coverage premium $10 Average annual minimum coverage premium $247 Average monthly minimum coverage premium $21 Average annual minimum coverage premium $294 Average monthly minimum coverage premium $25 Average annual minimum coverage premium $347 Average monthly minimum coverage premium $29 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. The cheapest companies for full coverage in Michigan
car insurance typically costs more than minimum coverage, but also gives you more financial protection. You'll gain coverage for damage to your vehicle because full coverage includes both coverage and coverage. While full coverage might be optional for some drivers, it's usually required if you finance or . These cheap car insurance companies have some of the most affordable rates for full coverage in the state: Insurance company Average annual full coverage premium Average monthly full coverage premium Average annual full coverage premium $895 Average monthly full coverage premium $75 Average annual full coverage premium $1,118 Average monthly full coverage premium $93 Average annual full coverage premium $1,230 Average monthly full coverage premium $103 Average annual full coverage premium $1,262 Average monthly full coverage premium $105 Average annual full coverage premium $1,504 Average monthly full coverage premium $125 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Factors that impact cheap rates in Michigan
Car insurance 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 experienced a life change, like the scenarios listed below. Insuring a teen driver
pay some of the highest average rates of any age group due to their inexperience behind the wheel. Adding a teen driver could skyrocket your insurance costs, so you might want to check around for companies that are cheaper for teen drivers. You could also take advantage of teen discounts, like savings for good students and those who participate in teen driver safety programs. Our research found that these four companies were the cheapest for a 16-year-old driver added to their married parent's policy: Car insurance company Average annual full coverage premium Average annual minimum coverage premium Secura $2,059 $332 Geico $2,351 $1,012 $2,601 $602 $2,781 $751 Getting a speeding ticket
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. The four companies below are among the cheapest in the state for drivers with a single speeding ticket conviction. Car insurance company Average annual full coverage premium Average annual minimum coverage premium Secura $895 $117 Wolverine Mutual $1,262 $247 USAA $1,448 $372 Hastings Mutual $1,504 $880 Getting into an at-fault accident
If you cause a , 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 feature on your insurance policy, you might avoid this surcharge the first time around. If you have just one at-fault accident on your record, these companies might be lowest: Car insurance company Average annual full coverage premium Average annual minimum coverage premium Secura $895 $117 Wolverine Mutual $1,630 $322 USAA $1,657 $436 Chubb $1,736 $376 Being deemed a high-risk driver
Several scenarios can result in you being considered a . Having multiple accidents, several tickets or a - 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, especially if you have been convicted of a DUI in the last three to five years, as this is the most serious high-risk infraction you can have on your record. Because of this, you might have limited options for cheap car insurance in Michigan. Doing more research and getting quotes from companies that tailor their coverage to might help you find more affordable rates. Based on our research, these four companies have the lowest rates for drivers with one DUI conviction: Car insurance company Average annual full coverage premium Average annual minimum coverage premium Chubb $1,736 $376 Progressive $1,909 $956 USAA $2,040 $534 Wolverine Mutual $3,403 $669 Cheapest cities in Michigan for minimum coverage
As a way to protect consumers from what could be considered discriminatory rating factors, Michigan has banned the use of information not directly related to your driving history as factors for calculating your car insurance premium. The ban precludes auto insurers from using information like your age, ZIP code, occupation, marital status and homeownership to determine rates. Because of this ban, average premiums across Michigan cities are fairly similar. However, other geographic factors can still affect the cost of coverage, like the price of vehicle repairs and medical care in your area, as well as the statistical likelihood of accidents. Minimum coverage requirements for Michigan drivers
Like drivers in , Michigan drivers are required to carry at least a minimum amount of car insurance. To register your vehicle with the state's department of motor vehicles (DMV), you must show proof that you purchased at least the , 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) $1,000,000 property protection insurance (PPI) require 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 . 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. If you want to , you may be tempted to purchase minimum coverage. While minimum coverage is often a cheaper option, most insurance professionals advise that you purchase higher liability limits if you can afford them so that you are financially protected from significant losses. Minimum coverage also does not provide any coverage for damage to your vehicle, including collisions, storm damage and theft. For that, you will need full coverage. You may even be required to purchase full coverage if you have a loan or lease on your car. Frequently asked questions
Finding the starts by understanding your own personal situation. If you have a DUI conviction, for example, you may be limited to companies that write high-risk insurance. Your wants will also play a role in what company is best. One driver might search for a company with local agents while another prefers a company with a strong mobile app. Once you know what your wants and needs look like, shop around with a handful of carriers that meet those requirements. You can then compare premiums, coverage offerings, discounts and third-party scores to find the right fit for you.
Michigan drivers pay more for auto insurance than drivers in many other states. There are several reasons for this. Although is illegal, 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 likely to pay out claims caused by uninsured motorists. Additionally, Michigan has relatively high minimum coverage requirements, a large number of licensed drivers and a relatively high incidence of accidents.
Yes, Michigan is a . However, no-fault coverage is commonly misunderstood. It does not mean that each driver pays for their own damages regardless of who caused an accident. No-fault coverage refers only to personal injury protection, which pays for medical bills, lost wages and other qualifying expenses from an accident for you and the occupants of your vehicle, regardless of fault. An at-fault driver will still have to pay for the damage that they cause to your vehicle or other property. Additionally, once insurance companies determine the fault, the at-fault driver's bodily injury liability coverage may take over paying for the cost of injuries.
In Michigan, the average cost of auto insurance is $2,345 per year for full coverage, whereas minimum coverage averages $946 per year. Every driver pays a slightly different rate based on certain factors. However, it is important to note that auto reform legislation in Michigan restricts the factors that auto insurers can use to determine how much you pay for insurance. While your motor vehicle record and make, model and year of your car are used to calculate your premium, insurers can no longer use your ZIP code, gender or credit-based . Compare rates and save on auto insurance today! Get quotes Close X Written by Cate Deventer Insurance Writer & Editor Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.