Car Insurance Monthly Cost Michigan
In michigan a comprehensive policy with a 1 000 deductible costs 2 832 62 more than the minimum.
Car insurance monthly cost michigan - Car insurance companies will also look at your education level. If you opt for a higher level of car insurance coverage you can select a policy with comprehensive and collision coverage insuring against the costs of car vs car collisions theft or weather conditions. But the price of your policy will be unique to your situation.
The requirements and coverages for car insurance vary by state which can impact the costs. However every driver pays a slightly different rate. 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.
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. Someone with a bachelors degree who will be. Best michigan car insurance companies based on customer satisfaction survey.
Michigan car insurance by education. While some providers offer basic coverage starting at just over 50 per month more comprehensive policies can reach almost 300 per month. Michigan the highest cost state 5 471 annually recently required drivers to carry at least 20 000 in liability protection for bodily injury a maximum of 40 000 per incident and 10 000 for property damage.
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 2 200. Although not usually a significant factor your education can effect your monthly rate for auto insurance. We researched the cheapest insurers in michigan to see how you can save money on car insurance.
Rates are based on buying just the state minimum required to drive legally assuming good credit and a clean driving record. How much is car insurance in michigan. On july 1 2020 the state enacted sweeping changes to its auto insurance.
Car insurance monthly cost. In michigan the average cost of car insurance is 1 358 62 per year according to the iii. Because quotes vary for every individual comparing rates is often the best way to find savings on car insurance.
In michigan a driver with a high school diploma will typically pay 136 92 per month vs. Michigan has some of the highest car insurance rates in the country. You ll see that in all states except michigan car insurance is under 100 a month on average.
Average monthly car insurance rates by state are outlined in the chart below. How much does car insurance in michigan cost. 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.
Michigan is almost always ranked as the most expensive state in the country when it comes to car insurance costs.
