Are you a Michigan driver looking for auto insurance information? Get the facts you need including minimum liability coverage, then compare car insurance quotes for free.
If you’ve lived in Michigan for a while, you know that affordable car insurance can be tough to find. It feels like you have a better chance of spotting Pressie, the monster serpent in Lake Superior, than you do finding an affordable insurance policy that won’t bust your budget.
Michigan insurance prices and regulations have been under scrutiny for years. Fed-up residents have long voiced their discontent with incredibly high insurance rates, even going as far as posting billboards on the interstate to spread the word. Despite the high costs of Michigan auto insurance, there are ways to keep your premiums as low as possible.
Another study found a slightly lower car insurance rate in Michigan (on average, $2,309 per year for a full coverage policy). Still, this rate is significantly higher than in neighboring states like Ohio, where the average is $1,034 annually, and Indiana, where full coverage insurance costs, on average, $1,254 per year.
The high insurance rates in Michigan may be a result of their high violent crime rate, which is at 437.4 incidents per 100,000 people in the population. Compare this to the rates of 370.8 in Indiana and 293.2 in Ohio, and it becomes slightly clearer why Michigan car insurance rates might be so high.
Michigan insurance laws also make insurance costs rather hefty in the state. For example, Michigan is a no-fault state, meaning a driver involved in an accident must file a claim with their own insurance company, even if they didn’t cause the accident. So, if someone is driving drunk and hits you, even though they’re at fault, you must file a claim with your own insurance company.
GST taxpayers can't claim any pending input tax credit if this return is not filed by November 30, 2024 for FY 2023-24
