Auto Insurance Rates In Michigan

On may 30 2019 governor whitmer signed historic bipartisan no fault auto insurance reform legislation public acts 21 and 22 of 2019 to provide insurance coverage options lower rates for michigan drivers while maintaining the highest benefits in the country and strengthen consumer protections. Here are the cheapest average car insurance rates we found in michigan for all of the driver categories above. Geico 677 per year.

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Our research found that the overall average annual cost of insurance in michigan is about 2 100 compared to about 1 400 across the country.

Auto insurance rates in michigan - Eliminating promised savings for drivers. This webpage will be updated to provide the latest information to. Projected auto insurance rates in michigan are expected to be lower than reductions mandated by a new law that overhauled the state s auto insurance system last year.

That s less than half the state s average representative rate and thousands of dollars less than the most expensive company allstate which charges an average annual study rate of about 4 100 in michigan. By increasing michigan car insurance rates sky high now auto insurance companies can avoid feeling the pinch of the required savings after july 1 2020 and quite likely continue to maintain whatever profit margin they choose. To keep your rates down it s imperative to shop around each year to find the.

The best auto insurance for michigan. For those driving a 2019 model vehicle it cost on average 9 282 to own and operate that car per aaa s 2019 your driving costs study. Geico 1 206 per year.

Figured into that amount is how much you pay for auto insurance coverage. Unfortunately michigan has some of the highest premiums in the country thanks to the unlimited medical benefit under the state s mandatory personal injury protection pip coverage and the widespread use of comprehensive coverage to protect against michigan s notoriously. Michigan car insurance rates increase 2019.

Michigan has some of the highest car insurance rates in the country. When it comes to auto insurance in michigan you ve got plenty of options. The new law requires auto insurance companies to reduce their rates on the pip medical portion of your premium for the next eight years and that puts money right back into your pocket when you.

Geico offers the cheapest car insurance in michigan with an average annual study rate of about 1 200. The costs of owning and operating a car in michigan continues to be a major expense for all drivers.