Average Car Insurance Cost Per Month Michigan
The average michigan driver pays 1 056 per year for full coverage car insurance if they get it from chubb based on our data.
Average car insurance cost per month michigan - However every driver pays a slightly different rate. In our research we found that average car insurance in michigan is 262 per month for a full coverage policy. The average annual cost of car insurance in the united states is 1 416 according to the data in our study.
The difference between the cheapest car insurance state maine and the most expensive michigan is 1 081 per six month policy period. Auto insurance is expensive in michigan. Our guide to buying car insurance for michigan drivers is based on rate data research and expert advice from our veteran staff of insurance analysts and editors.
Chubb offers the cheapest car insurance rates in michigan according to a quotewizard survey of the state s providers. How much does car insurance in michigan cost. Car insurance costs vary by region as well.
The average cost of a car insurance policy is 937 per year or 78 per month for a policy that meets the minimum requirements of each state. We researched the cheapest insurers in michigan to see how you can save money on car insurance. The national average cost of car insurance is 1 427 per year according to nerdwallet s 2020 rate analysis.
That s the short answer. Car insurance for people under 25 years of age is typically quite high. Michigan has some of the highest car insurance rates in the country.
Monday april 27 2020 by bryan ochalla. That works out to an average car insurance rate of about 119 per month for 40 year. In michigan the average cost of car insurance is 1 358 62 per year according to the iii.
This bears out when you look at average car insurance rates by age. This means drivers in michigan pay over 180 per month more for car insurance than do mainer drivers. Your car insurance costs are impacted by more than just the state in which you live.
With age comes wisdom and lower car insurance rates up to a point. The long answer is that the average cost depends on a variety of key factors many of which we ve outlined in the sections below. Learn more about auto insurance rates by state.
Cheapest car insurance in michigan. But the price of your policy will be unique to your situation. Teens and young drivers are inexperienced behind the wheel and statistics show they as a class in whole are more likely to be in accident than other age groups which makes them a high.
