The no-fault system requires Michigan drivers to have personal injury protection (PIP) insurance to pay for their own medical expenses after an accident, as well as property protection insurance to pay for any damage their cars cause to other people's property. Michigan has a no-fault auto insurance law that requires drivers to report an accident to their own insurance company, regardless of who is at fault. State laws govern how much insurance coverage drivers must have, and no-fault laws affect insurers' risks. Find out what you need to know about car insurance rates and requirements in Michigan, and the possible discounts you can get with us.
In addition to the population and the number of uninsured drivers, other factors affecting car insurance costs include state laws, crime rates, and special weather hazards. You should cancel your car's full coverage insurance when the cost of the insurance is equal to or greater than the potential payment, in the event of a covered event. For more information, see WalletHub's guides on no-fault insurance and the best car insurance in Michigan. The cheapest states for car insurance are Iowa, Vermont and Nebraska, according to the WalletHub cheap car insurance study.
For example, it might not be worth doing expensive repairs to an old car with high mileage, and you might want to save up to buy a new car instead of paying for additional insurance. To protect themselves and their passengers in the event of an accident, Michigan drivers should carefully select their auto insurance policies and take out the appropriate PIP insurance limits. There are also other types of car insurance coverage in Michigan that are optional and that you can take out to protect yourself in a variety of circumstances. However, car insurance rates vary depending on a variety of factors, including your driving history, as well as the limits and coverages you choose.
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.