- COMPARE AUTO INSURANCE RATES MICHIGAN DRIVERS
- COMPARE AUTO INSURANCE RATES MICHIGAN DRIVER
- COMPARE AUTO INSURANCE RATES MICHIGAN CODE
COMPARE AUTO INSURANCE RATES MICHIGAN DRIVERS
There, poor credit drivers pay the country’s most expensive annual car insurance premiums 5,172. But as is the case in Michigan and other states with no-fault systems, car insurance has actually ended up being far more expensive.Īnother reason Michigan car insurance is so pricey, the article notes, is that personal injury protection (PIP) coverage is a requirement. Michigan imposes the heftiest premium increase for drivers with poor credit scores 225.8 or 3,585 more annually than drivers with high credit scores. By contrast, the national average is only 1,427.
COMPARE AUTO INSURANCE RATES MICHIGAN CODE
On average, Detroiters pay about 5,500 per year on car insurance, with rates in the city topping out at about 22,000 for a 20-year-old female in ZIP code 48277. While not all insurers show prices, we filter down to the. Factors impacting Detroit car insurance rates.
Interestingly, the article points out, no-fault car insurance was originally introduced to lower insurance costs and reduce the chance of insurance fraud. Build your profile by telling us a little about yourself and your car.
COMPARE AUTO INSURANCE RATES MICHIGAN DRIVER
“Michigan, like Florida and other states, has a no-fault system that allows drivers to recover financial losses from their own insurance company regardless of fault,” the article noted, adding that this means a driver’s insurance company will pay for his or her medical expenses even when the driver is not at-fault for the collision. To put this in further perspective, the article notes, the national average for car insurance is around $1,300-this means that drivers in Michigan pay about $1,100 more per year, on average, than people in other parts of the country.Īs for why car insurance is so expensive in Michigan, the article noted the number one reason is the state’s no-fault car insurance system. Drivers there pay almost $2,400 a year for their auto insurance the next most expensive state is Louisiana, where people pay about $1,920 a year. Īs the article noted, Michigan is consistently ranked as the most expensive state for car insurance. Although insurance for the Toyota RAV4 averages just 146 per month, the smaller Toyota Camry’s average monthly rate is the second-highest, at 179 monthly. To read the article in its entirety, please visit. We found that the cheapest average rates are for crossover SUVs, full-size trucks, and midsize trucks, ranging from 146 to 152 monthly. LOS ANGELES, CA / ACCESSWIRE / J/ The founders of Insurance Panda, a car insurance quote comparison tool based in New York City, are pleased to announce that they have just posted an article to their website that looks at why Michigan car insurance is so expensive. Additionally, by clicking “Buy Now” I acknowledge that I have read, understood, and agree to the Online Privacy Policy and Telephone/Messaging Terms & Conditions.Insurance Panda Recently Posted an Article that Examines Why Michigan Car Insurance is So Expensive
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