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Cheap car insurance in Michigan is a rational goal, mainly due to the fact that it is a rather cheap state in which to insure a auto. The average yearly premiums are nearly $200 less than the national average. If you live in Lansing, expect to pay notably more than the rest of the state, but otherwise, you can find really cheap coverage for your vehicle, especially if you take the time to learn a bit about car insurance in Michigan and ways in which to save money.
The Cheapest Car Insurance in Lansing, MI 48933
The cheapest policy you will find is one that only meets the state minimum requirements. The minimum requirement for car insurance in Michigan is liability coverage only. Limits of 25/50/25 are required to provide liability coverage of $25,000 (per person) and $50,000 (per accident) for bodily injury and $25,000 (per accident) of liability coverage for property damage. There is no requirement for uninsured motorist coverage, though you can purchase this beneficial coverage, rather cheaply, if you desire. Keep in mind that you may also have to satisfy the coverage requirements of your lender. This will usually entail insurance against collisions as well as theft, fire and vandalism.
Controlling Risk for Cheap Car Insurance in Lansing
The type of policy you purchase will have a great deal to do with how much you pay, but you must also control your risk factors to ensure that you will qualify for low rates even on a bare bones policy. Underwriters evaluate each customer to determine their risk to the company. While each company weighs risk differently, some of the most important considerations from company to company include:
- Driving record
- Credit score
- Type of vehicle insured
- Age/mileage of vehicle
- Miles driven per week
- Type of driving
- Where vehicle is garaged
In 2010, the average yearly cost of auto insurance in Michigan was $1,361 compared to the national average of $1,538. By understanding the risk factors above and shopping around, you can push your rates even lower.
Take Advantage of Discounts for Ultra Cheap Car Insurance in Lansing
Taking care of your risk factors is a good way to reduce your auto insurance rates, but you also want to take advantage of the discounts offered by insurance providers. Here are a few of the most common discounts offered by Michigan auto insurance providers.
Purchase homeowners policy along with auto policy
Insure recreational vehicles and/or boats with auto insurer
If a student, get good grades
Take a defensive driving course
Securing your vehicle is also critically important for residents of Michigan. Michigan, along with some of its neighboring states year in and year out are tops in the nation in vehicle thefts. Michigan itself accounts for about 9 percent of all vehicle thefts in the United States. To save some money consider an anti-theft device or alarm system as well as services such as OnStar. Finally, if at all possible, park your vehicle in your garage and not on the street.
Look at Value – Not Just Price
Shopping based on price alone is certainly understandable, especially with an expensive purchase like car insurance. But when your personal assets and your protection are at stake, it is best to look at overall value and not just the bottom line price. After all, a low premium is not worth very much if you do not have the protection you need.
One strategy to consider is shopping around and requesting several different quotes, one for the minimum level of coverage required by law and two or three more for higher levels of coverage. When it comes to adding property damage and liability coverage protection, you might be surprised at just how little higher levels of coverage add to your premium.
After you have those quotes in hand, you can evaluate them and choose the one that provides you with the best coverage at the lowest possible price. Taking the time to look at value as well as price can give you the peace of mind that comes with knowing you are truly protected in the event of an accident.
Video: Learn about Cheap Auto Insurance in Lansing
Is Minimum Coverage Enough?
Many drivers assume that the minimum level of coverage required by the state is enough to protect them in the event of an accident. After all, doesn’t the state have the best interests of its drivers at heart? Unfortunately, relying on your state government to protect you is rarely a good idea, and in fact many state governments enact minimum coverage laws with affordability, not proper protection, in mind.
The goal of minimum coverage laws is often to maximize the percentage of drivers who choose to buy insurance for their vehicles. By making that coverage as inexpensive as possible, that state can increase those percentages and look good to the powers that be. Unfortunately, that inexpensive coverage is often inadequate in the real world, so if your own coverage is based on the minimum required by law you might want to re-evaluate your choices.
Consider that some states set the minimum for property damage protection as low as $10,000. The next time you drive to work, take a look around the parking lot and count the number of cars worth more than that amount. If you were to be in an accident that totaled one of those cars, you could be on the hook for any excess damage not covered by your insurance.
How to Get the Cheapest Car Insurance Quote in Ingham County
It’s a sad fact that millions of Americans don’t take the time to comparison shop for auto insurance and are paying hundreds of dollars more than they should. All it takes is a few minutes of your time to save big bucks on your insurance.
Getting a cheap rate on your car insurance consists of: 1. Comparing quotes from different auto insurance companies. 2. Getting the highest deductible you can afford. 3. Getting all the discounts you’re eligible for.
Where can I get car insurance quote comparison quotes online?
You have two choices when it comes to comparing auto insurance quotes online. You can visit individual insurance company websites to get your quotes, or you can go to an insurance comparison website to get your quotes.
The advantages of using an insurance comparison site over a company site are:
* You can get quotes from a number of insurance companies in one place so you won’t have to spend hours of your time going from site to site.
* You only have to fill out one simple form get quotes from different insurance companies instead of having to fill out a form for each company.
* The best sites have an insurance expert on call so you can get unbiased answers to you insurance questions instead of a sales pitch.
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