Michigan car insurance discounts

Why You need Discounts for Michigan Car insurance

Michigan is always one of the most expensive states in the country when it comes to car insurance costs. While the national average for car insurance is usually between $1,00 and $1,200 per year. Michigan’s average annual cost for auto insurance is known to average over $2,100. Use the discounts below to help reduce the cost of your auto insurance policy.

Multiple Car

One of the most significant car insurance discounts that Michigan companies offer is the Multiple Car Discount. If you live with a relative and both your cars are with the same company you will qualify for this discount.

Multiple Line

If you carry the multiple policies with the same carrier, such as car and home,  you will be eligible for this discount.

Young Driver Programs

Most Carriers offer some form of young drivers, driver education, or good student programs that will help if you have a young driver in your house.

Misc. Discounts

Carriers offer a variety of different discounts that can provide savings such as an anti-theft discount, low income, low driving mileage, senior discounts, low income, single drivers, and good driving record.

Coverage changes that lower your Michigan car insurance

Examining your coverage is a great way to save on your car insurance. The three areas to change to affect your premium are bodily injury limits, personal injury protection, and physical damage.

Bodily Injury Limits (BI)

The state requires you to carry these minimum limits:

  • $20,000 per person for an injury or dies in an accident
  • $40,000 for each accident if several people have injuries or die in the accident
  • $10,000 for property damage in another state

These limits are usually shown as 20/40/10 but can go as high as 1 million/1million/1 million. Choosing the state minimums will make your premium lower than choosing higher limits. The trade-off is if someone sues you for an accident, you will have to pay more money out of pocket to cover the lawsuit. So if you have a lot of assets to protect, you should stay with the higher limits.

Physical Damage Coverage’s:

Collision and Comprehensive coverage- The higher the deductible, the lower your insurance will be, but the trade-off is that you pay more to repair your car. An example is that if you have a $1000 deductible, anything under that deductible will be your responsibility to fix. 

Change your Michigan Auto Insurance Medical Options

Personal Injury Protection (PIP)

In Michigan, PIP comes in 5 choices:

  • Full PIP– The most expensive option, the insurance company will pay all of your medical expenses as a result of an auto accident.
  • Full PIP with a deductible -2nd most expensive choice, the insurance company will pay all of your medical expenses as a result of an accident after your deductible.
  • Coordinated Medical with Full Wage loss– if your primary health care allows you to coordinate, this will save you money over Full PIP. (You can’t coordinate if you have a government plan such as Medicare or Medicaid.)
  • Coordinated Wage Loss with Full Medical– If you have a good disability plan at work that will compensate you for your wage loss, but your health will not coordinate. This choice will also save you money over Full PIP.
  • Coordinate Medical and Coordinate Wage Loss– The most significant savings from (PIP) comes with this choice because the insurance company will be secondary to medical bills and wage loss.

Bonus Car insurance Info:

Finally, most insurance carriers in Michigan use credit scoring, so you should be aware of your credit and how it can impact your rate. For a more in-depth look at Michigan, car insurance coverage’s click our link Understanding Michigan auto insurance for more information.

Contact a local agent 248-277-4505 or click to get a Michigan auto insurance quote to get the best discounts possible.