Car Insurance Michigan Average
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.
Car insurance michigan average - Michigan drivers pay a huge premium for car insurance an average of 1 358 62 per year. Average car insurance costs in michigan here s the bad news. Average car insurance premiums in michigan michigan drivers pay an average of 1 270 70 a year for auto insurance.
To keep your rates down it s imperative to shop around each year to find the. In michigan married motorists save 37 each year on car insurance policies much less than the national post nuptial discount of 98. Figured into that amount is how much you pay for auto insurance coverage.
Many factors go into the rate you pay for car insurance. We researched the cheapest insurers in michigan to see how you can save money on car insurance. Car owners are required to buy car insurance in michigan.
Insurance companies also take your credit score into consideration. If you are currently uninsured you can purchase car insurance without facing any penalties during an18 month amnesty period starting july. Car insurance premiums consider an array of considerations including your driving record credit history gender age and marital status.
Your age location and vehicle are all part of the equation. Your car insurance costs are impacted by more than just the state in which you live. The average car insurance rate in michigan is 3 141 a year for a full coverage policy with a 500 deductible or about 262 a month.
In michigan drivers with excellent credit pay an average of 152 06 per month compared to drivers. Average car insurance rates in michigan by credit score. Michigan is almost always ranked as the most expensive state in the country when it comes to car insurance costs.
The severity and frequency of claims in your neighborhood your driving record the type of car you drive your credit and other variables are used by insurance companies to figure out the cost of your policy. Below are average premiums for common coverage types. The average car insurance rate in michigan is 2 610 per year more than the national average by 82 9.
While the national average for car insurance is usually between 1 200 and 1 300 per year michigan s average annual cost for standard auto insurance is known to top. The costs of owning and operating a car in michigan continues to be a major expense for all drivers. 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.
