Explore insurance rating factors and average auto insurance rates in Michigan.
Your car insurance costs are impacted by more than just the state in which you live. Car insurance premiums consider an array of considerations, including your driving record, credit history, gender, age, and marital status.
We reviewed average Michigan car insurance rates by each of the most common rating factors. See below how much car insurance costs in your state — or enter your zip code to receive tailored prices from top car insurance companies.
It's impossible to avoid: as you grow older, your car insurance rates shift. As a general rule, car insurance is pricier for young drivers and teens, as car insurance companies view inexperienced drivers as riskier.
In Michigan, car coverage costs $10,300 annually for a 16-year-old driver, but just $2,296 annually for a driver in their 50s.
|Age||Average Yearly Premium|
If you're facing the frightful prospect of getting insurance for a teen driver, consider this: Michigan is the 3rd-most-expensive state in which to buy car insurance for a 16-year-old.
While gender doesn’t have as sizable an impact on auto insurance rates as state or age, it is used as a rating factor by car insurance companies.
|Gender||Average Annual Rate|
If you think you might not be getting the best value for your money with your current car insurance company, the best thing to do is to do some comparison shopping.
One benefit of getting hitched — aside from the wedding gifts — is the price cut you typically receive on insurance. In Michigan, married motorists save $38 each year on car insurance policies. This is less than the national post-nuptial discount of $76.
|Marital Status||Average Annual Rate|
Car insurance coverage for divorced drivers in Michigan is the most expensive in the nation. If you think you're overpaying for your auto insurance policy, consider doing some comparison shopping. You could find a great policy for less!
Car insurance companies reference credit history as a way of determining a potential customer's insurability. Historical data show drivers with superior credit are usually more reliable auto insurance customers: they less commonly file claims insurance companies have to reimburse.
In the state of Michigan, a driver who carries excellent credit saves $4,203.16 each year on car insurance rates, contrasted with a driver with a poor credit score. Read more about how credit history affects auto insurance outlays:
|Credit Quality||Average Annual Rate|
|Very Poor (300-579)||$6,300.32|
|Very Good (740-799)||$2,712.51|
If you've been discovered to be at fault for an accident or convicted of a vehicular violation, your insurance costs are going to rise. The more red flags you accumulate, the more expensive your auto insurance gets.
In Michigan, your first minor at-fault crash results in a penalty of $1,082.89 per year in auto insurance premiums. A DUI — thought of as one of the most serious driving offenses — could raise your insurance rates in Michigan by as much as $4,485.01.
|Violation||Average Annual Premium|
|At-Fault Accident (<$1,000)||$3,693.38|
|At-Fault Accident ($1,000-$2,000)||$3,877.33|
|At-Fault Accident (>$2,000)||$3,693.38|
|Speeding (21-25 MPH > limit)||$4,278.69|
|Speeding (16-20 MPH > limit)||$4,278.69|
If your premiums are above-average, think about comparing options to discover reasonably priced insurance coverage that meets state regulations.
The amount you're charged each month for car insurance is dependent on the tier of coverage you maintain. Liability-only coverage typically is less costly, while low-deductible comprehensive coverage costs more. In Michigan, the rate differential between liability-only coverage and full coverage with a $500 deductible is $903.
|Coverage Level||Average Yearly Rate|
|$100K/$300K/$100K Bodily Injury/Property Damage — Liability Only||$1,488|
|$100K/$300K/$100K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision||$2,228|
|$100K/$300K/$100K Bodily Injury/Property Damage — $500 Comprehensive/Collision||$2,392|
|$50K/$100K/$50K Bodily Injury/Property Damage — Liability Only||$1,432|
|$50K/$100K/$50K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision||$2,172|
|$50K/$100K/$50K Bodily Injury/Property Damage — $500 Comprehensive/Collision||$2,336|
|State Minimum — Liability Only||$1,368|
|State Minimum — $1,000 Comprehensive/Collision||$2,107|
|State Minimum — $500 Comprehensive/Collision||$2,271|
If you're facing above-average car insurance costs, consider shopping to get inexpensive coverage that fits your needs.