What Is The Cheapest Auto Insurance In Michigan?
What Is The Cheapest Auto Insurance In Michigan?
I spent 20 minutes looking for my sunglasses this morning… they were on my head. If only finding cheap auto insurance in Michigan was that easy! But don’t worry, I’ve done the digging for you—so let’s break down the best deals.
The home to the Great Lakes, Michigan is among the 10 most populous states in the country. It is the largest state east of the Mississippi River by landmass. While the state is often synonymous with the U.S. automotive industry, a significant part of Michigan’s economy is diverse. Other sectors range from forestry to high tech.
Michigan is among the states that include some liability insurance as a requirement to drive. If you do not comply, it is illegal and puts you in jeopardy of a very expensive civil suit, should you ever get into an accident. Before you get behind the wheel, make sure you have the right Michigan car insurance coverage.
How Much Is Car Insurance In Michigan?
The average price of full coverage car insurance in Michigan costs $2,309 per year. That amount is among the highest in the country and more than $300 above the national average. Part of the parity coverage cost hinges on the steep insurance coverage requirements state law mandates.
To find the most affordable car insurance in Michigan, you first have to know what they are debating about that could affect your car insurance premium quote. Your age and your history of accidents and insurance claims will factor heavily, as well. Even your zip code might play a role.
Michigan is one of a handful of so-called no-fault states, which means that if you’re in an accident, drivers use their own insurance policies to pay for injuries and damages, regardless of who caused the accident. If you are injured in an accident, your medical bills are paid by Personal Injury Protection (PIP) coverage, the level of which is mandated in most no-fault (and some at-fault) states and Michigan is no exception. But unlike most states, which require a minimum amount, Michigan does not have a minimum, instead offering several decisions drivers can make about how much PIP coverage they carry as part of their policy.
What Is The Average Premium For Cheap Full Coverage Car Insurance In Michigan?
In Michigan, the average cost of full coverage car insurance is $2,309 per year. While these policies might cost more, the coverage provides peace of mind. Full coverage car insurance consists of the liability amount required by law, plus collision insurance and comprehensive coverage. Collision will help to repair or replace your vehicle after an accident. Comprehensive protects your vehicle from events other than car crashes, such as theft or vandalism and some disasters.
For many drivers, something above the minimum coverage levels mandated by law is necessary. With full coverage car insurance, you are covered for third-party liability claims, and get benefits yourself in case of an accident or some other incident.
Remember, in Michigan, liability-only policies will cover your damages and injuries — even if you cause a crash — up to your policy limit. Medical bills or repairs of your vehicle will add up fast. Getting full coverage is financially sound, and may be the best long-term thing for you.
How Much Is It For Cheap Liability Insurance Cost Or The Minimum Required Car Insurance In Michigan?
The average policyholder in Michigan, who only buys the minimum required coverage for liability on their car, will pay $948 per year. As one of the states with the highest insurance requirements nationwide, this minimum coverage option offers a significant amount of liability insurance coverage.
Your liability policy must cover at least $50,000 for bodily injury/death liability insurance per individual, $100,000 for bodily injuries per incident, and $10,000 for property damage liability insurance claims per incident, in addition to having Personal Injury Protection (PIP).
That lower price may be attractive at first, but those limits cover your injuries and damages only up to your policy limits. With today’s vehicle repair and medical expenses, you could be on the hook for quite a bill very quickly.
How Financial Responsibility Insurance Works In Michigan?
If you have certain violations, you typically must have financial responsibility insurance when restoring your driver’s license. They include OWIs and insurance violations most frequently.
Most mainstream insurance companies offer financial responsibility insurance, but some won’t. Only some few insurance companies offer financial responsibility insurance.
When you buy your policy, the insurance company sends in a form to the state to certify that you have insurance. The certificate is commonly referred to as an SR-22.
Your actual price for financial responsibility insurance will greatly depend on your driving history. And you’ll pay more after an OWI than you will if you’re caught driving without insurance. But no matter your record, shopping around for the lowest price could put money back in your pocket.
Conclusion
Your auto insurance rates differ a lot across every state and even city; this is something all drivers need to learn. Although these changes vary according to the town and an apropriate factor in your premium.
Highest car insurance rates in Michigan city. And the primary reason is its no-fault policy, which offers unlimited personal injury protection coverage. However, Michigan decided to reform its Auto Insurance Policy after 2nd July 2020. Michigan drivers can save on car insurance in multiple ways. On the basis of that drivers can avail some discount on the insurance premium rate.
FAQ
Wolverine Mutual, Fremont and Geico offer the cheapest auto insurance in Michigan. Wolverine Mutual offers the cheapest liability car insurance in Michigan, with an average rate of $316 per year, according to NerdWallet’s February 2025 analysis.
Michigan drivers pay an average annual cost of $879 for minimum coverage and $3,161 for full coverage. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate.
Third party cover is the minimum level required by law and normally the cheapest cover available. It only covers you for damaging someone else’s car (or property) or injuring another person (a ‘third party’) in an accident. It won’t cover any injuries to you or damage to your car.
