How much does car insurance cost? For this reason, younger and newer drivers tend to pay much more for car insurance compared to older, more experienced drivers. Gender is also a factor in some states, although Michigan prohibits the use of gender as an insurance rating component. There are several factors that affect how much you'll pay for car insurance in Michigan, including your driving history, age and location, the amount of coverage you buy, and the insurance company you buy it from. A conviction for drunk driving in Michigan generates higher insurance rates because insurers view you as a risky driver.
Full-coverage car insurance policies are the most expensive, but they provide much more protection, since they cover your own vehicles against accidents, thefts, natural disasters, and collisions with animals. Young drivers who have left home and own their own vehicle are generally expected to have their own car insurance policy. You can prove your financial responsibility by maintaining minimal car insurance with no gaps in coverage. The make, model and year of the vehicle you choose will also influence your car insurance rates in Michigan.
For some people, it's better to pay for car insurance on a monthly basis because it gives them more flexibility in their budget. Auto insurance in Michigan is expensive because it's a no-fault state with high insurance coverage requirements. The cost of car insurance depends on many factors, including driving records, annual mileage, location, age, and more. On average, 16-year-olds pay some of the most expensive car insurance rates compared to all age groups.
The cheapest auto insurance companies in Michigan are Travelers, Secura, and Wolverine Mutual, and getting quotes from several companies can help you find the best deal. Similarly, if you get a speeding ticket in Michigan, you're likely to see an increase of up to 35% in what you pay for car insurance when you renew your policy. If you're new to the state looking for car insurance coverage, or if you've lived in Michigan for years and want to know how much car insurance costs in Michigan, you can find the information you need here.