Michigan, Rhode Island, Nevada, Florida and New Jersey have the highest auto insurance rates. The analysis included 5 to 10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Auto insurance in Michigan is expensive because it's a no-fault state with high insurance coverage requirements. When uninsured drivers have an accident, the other party's insurance provider covers property damage and medical expenses through insurance for uninsured motorists.
Fortunately, as a Michigan resident, you can take some steps to lower your insurance rates and find affordable policies. Car insurance is a major purchase, but finding cheap car insurance in Michigan isn't always easy. You can demonstrate your financial responsibility by maintaining minimal car insurance with no gaps in coverage. Most auto insurance providers offer discounts to people who buy several types of insurance from the same company.
While people in their 60s have cheaper car insurance rates than many other age groups on average, prices will start to increase as they age. Drivers who are denied auto insurance on the open market due to drunk driving or other factors can apply for coverage through the Michigan Auto Insurance Placement Service. There are ways to find affordable car insurance in Michigan, despite the state's notoriously expensive premiums. Naturally, auto insurance rates increase every year due to many factors, such as the consumer price index, the cost of repairing a car, and the price of medical care.
For example, drivers who move from Pennsylvania to Texas are likely to pay more for car insurance after the move. Michigan is a no-fault state, so all drivers process injury claims through their own insurance company, no matter who caused the accident. The average cost of car insurance in Michigan is 96% higher than the national average auto insurance premium. By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than they did in their teens and 20s.