Your personal auto policy with Progressive can cover you while you're driving a rental car, up to the extent of the coverage you have for your own vehicle. For example, if you have comprehensive coverage for your car, that protection will extend to most rental vehicles. The minimum state coverage doesn't include any physical damage coverage for your vehicle. You'll need car insurance with full coverage for that.
If you have a loan or lease for your vehicle, your lender will likely require you to have full coverage, which means adding comprehensive and collision coverage to your insurance policy. It could also mean having higher limits of liability for bodily injury and property damage. Landlords often require that you have these higher coverage limits when leasing a vehicle. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer.
This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation, or exclusion that is expressly stated in any insurance policy. Understanding your state's minimum car insurance coverage requirements could help you determine if you need to buy higher limits, as suggested by many insurance experts. Car insurance coverages vary depending on individual and state needs, but almost all policies contain liability coverage. However, the vehicle must be regularly parked at your residence overnight for Progressive to insure it in your policy.
It helps manage the creation of insurance content that meets the highest quality standards in terms of accuracy and clarity to help Bankrate readers search for complex information on home, auto and life insurance. One thing to keep in mind, however, is that Michigan prohibits the use of credit ratings as a qualifying factor for car insurance. All insurance companies also offer different rates, so getting quotes from various auto insurers while looking for car insurance in Michigan can help you find a company that fits your needs and budget. That's why it's also important to know how much car insurance you need, so as not to jeopardize your personal assets in the event of an accident.
Comprehensive car insurance and collision insurance are also common types of car insurance coverage, although no state requires them. The main reason why car insurance is mandatory in almost every state is because of your personal liability (liability) if you cause an accident. You can pay for your car insurance policy by credit card, PayPal, online check, personal check, money order, or electronic funds transfer (EFT) from your checking account. Because Michigan is a no-fault state, there are car insurance requirements in addition to liability coverage for bodily injury and property damage; you must also take out personal injury protection (PIP) and personal property insurance (PPI).
If it's been a few months since you received your quote, the rates in your area may have been revised, which could decrease or increase the price you pay for your car insurance policy.