Drivers in Michigan pay on average double what the rest of the country does for minimum auto insurance coverage.
They are also required to have specific types of insurance coverage due to the state’s unique no-fault insurance laws.
⬇️ Tickets That Do the Most Damage to Your Driving Record in Michigan ⬇️
Here’s a breakdown of the mandatory insurance requirements:
Personal Injury Protection (PIP): This coverage provides medical expenses, lost wages, and other related costs for injuries sustained in an auto accident, regardless of who is at fault.
Property Protection Insurance (PPI): PPI covers damages you cause to parked vehicles and other property (like buildings or fences) within Michigan.
Bodily Injury Liability (BIL): This protects you if you are responsible for injuring another person in an accident.
Property Damage Liability (PDL): This covers damages you cause to another person’s vehicle outside Michigan.
Michigan Drivers With This Insurance Saved The Most Money In 2024
Michigan drivers who are looking for the cheapest insurance price possible might want to check out what the money saving experts at NerdWallet found.
They compared auto insurance companies in Michigan and found the cheapest one.
Wolverine Mutual offers the cheapest minimum coverage in Michigan, with an average rate of $280 per year, according to NerdWallet’s November 2024 analysis.
The absolute cheapest policies offer just bare minimum coverage.
The average cost of minimum coverage in Michigan is $663 per year, or $55 per month. Full coverage in Michigan costs an average of $3,022 per year, or $252 per month.
When it comes to auto insurance there’s no one size fits all for Michigan drivers but it’s a good idea to shop around and find out what’s best for you.
One thing that will help you save money on auto insurance is avoiding these costly tickets.
The 12 Tickets That Do the Most Damage to Your Driving Record in Michigan
Gallery Credit: Big Joe Pesh
30 Famous Celebrities You Might Not Know Are From Michigan
You will definitely recognize these names and faces, but might be surprised to find out they’re from Michigan.
Gallery Credit: Big Joe Pesh / Getty Images
25 Things Michigan Is Known And Famous For
Michigan is known as the Motor City and is home to Motown. But that just scratches the surface of what the Mitten state is known and famous for.
Gallery Credit: Big Joe Pesh
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.