![]() The rates and averages shown on this page should only be used as an estimate.Michigan’s auto insurance rates went down 18% in 2020 compared to what they were the previous year. ![]() We track and record quotes that carriers have provided based on various criteria. The statistics listed on this page are from our own in house reporting. In (State) the average rate for liability only coverage is around $118.02 per month compared to Full coverage which will cost you about $135.80 per month. ![]() Full coverage includes comprehensive and collision insurance, possibly PIP and UM/UMPD, which would cover you, your vehicle and passengers if you had an accident, regardless of fault. Liability only coverage is typically cheaper and covers the cost of damage you may cause to other people or vehicles. someone with a Bachelors Degree who will be charged around $140.75 per month. In Michigan, a driver with a High School Diploma will typically pay $163.16 per month vs. Although not usually a significant factor, your education can effect your monthly rate for auto insurance. In Michigan, the average monthly rate for a driver who is currently insured is $135.08 while drivers who not currently covered will pay around $614.07 CoverageĬar insurance companies will also look at your education level. Because of this, they may see you as a higher risk driver. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. More often than not, drivers who currently have car insurance coverage will receive a cheaper monthly rate than drivers who do not. ![]() In Michigan, drivers who own their home will usually pay around $135.91 per month while drivers who rent usually average in around $132.55. Insurance companies will also take homeownership into account when factoring the rate you pay for insurance. Michigan Auto Insurance Rates by Homeownership Safe Driver (No prior tickets, DUI, or accidents) Drivers with a bad driving history that may include tickets, DUI, or accidents will typically pay $174.97 per month. Drivers in Michigan with a good driving history usually pay around $129.78 per month. Car insurance companies see drivers with a bad driving history has being a bigger risk. Credit RatingĬar Insurance for High Risk Drivers in Michiganĭrivers with a good driving history typically will pay less for auto insurance than someone that had a DUI, speeding tickets, or an accident. In Michigan, drivers with excellent credit pay an average of $124.77 per month compared to drivers with poor credit who typically will pay $193.14 per month. Insurance companies also take your credit score into consideration. Your age, location, and vehicle are all part of the equation. Many factors go into the rate you pay for car insurance. Marital StatusĪverage Car Insurance Rates in Michigan by Credit Score In Michigan, Married couple typically pay around $138.87 per month while single drivers average in around $151.46 per month. Married couples also will usually have more than one vehicle and could possibly have some teen drivers on the policy as well. This likely due to the simple fact that there is more than 1 driver on the policy. Married couples in Michigan typically pay more for their car insurance than drivers who are single. Michigan Car Insurance Rates by Marital Status In Michigan, the typical teen driver between the age of 16 and 19 will pay $229.56 per month while a driver in their 40s will pay an average of $133.09 per month. Insurance carriers see young drivers as inexperienced and have a greater risk of getting in accident. Typically car insurance companies will charge more for younger drivers and provide discounted rates for older drivers.
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