#auto insurance michigan
Compare Michigan auto insurance quotes:
The Michigan auto insurance laws make it mandatory for every vehicle to have at least a no-fault policy. No-fault coverage includes compensation for unlimited medical and rehabilitation expenses, loss of wages and replacement services for up to three years regardless of who was at fault in an accident. Penalties for not having the minimum required coverage include a misdemeanor and/or fine in the range of $200 to $500, and offenders can even be put in jail for up to a year. Other penalties can also include a license suspension for 30 days or until the motorist can provide proof that his or her vehicle is insured.
Residual Bodily Injury and Property Damage Liability
Residual bodily injury and property damage liability pays for court defense costs and/or damages you are found liable for as a result of an automobile accident up to the policy limits. Minimum coverage required is $20,000 per person, $40,000 total for multiple persons, and $10,000 total for property damage in other states. (This is commonly referred to as 20/40/10.)
Even though the above coverage is a minimum requirement, when comparing MI car insurance shoppers should consider purchasing additional coverage. No-fault policies do not pay to fix the insured vehicle s damages. Motorists should definitely consider buying Michigan auto insurance with additional options such as comprehensive and collision coverage which can be quite inexpensive depending on driving record and vehicle type, among other factors.
Some of the factors that the state allows Michigan car insurance companies to use when determining rates are:
- Type of Vehicle – Higher-cost vehicles generally generate a higher rate. Rates for two- and four-door vehicles often vary slightly.
- Driving Record – Of course the more violations and accidents you have, the higher the auto insurance rates.
- Age/Driving Experience – Younger and newer drivers generate higher rates.
- Territory – Where a driver lives is often a determining factor. Some cities and regions are considered higher risk due to traffic, theft history, etc.
- Discounts –
- Air bags
- Anti lock brakes
- Anti theft devices
- Credit score
- Student away at school
- Good student
- Good driver
Comparison shopping can be the key to finding cheap car insurance in MI and individuals should obtain as many quotes as possible before making a purchase to ensure that they are getting the best deal. For more information and tips, take a look at the Consumer’s Guide to No-Fault Automobile Insurance in Michigan .
Questions on Finding Cheap Auto Insurance in MI
Motorists in Michigan are required to purchase no-fault auto insurance that includes personal injury protection (PIP), and property protection (PPI) with residual bodily injury and property damage liability (BI/PD). Michigan does not require drivers to.
All motorists in Michigan are required to buy automobile insurance that includes three basic parts: personal injury protection (PIP), property protection (PPI), and residual liability. If policyholders are injured in an automobile accident, their PIP will.
News about Michigan Car Insurance
July 30, 2014 – People in Michigan who use scooters and motorized wheelchairs could be required to get car insurance if courts rule in favor of the insurer in an ongoing case. The court case could have implications for thousands of users of scooters and motorized wheelchairs in the state.
October 23, 2013 – Authors of a recent analysis of medical costs for auto insurers in Michigan talked with lawmakers about the “tradeoffs” of policy options during a committee hearing on Wednesday, with some lawmakers criticizing the options offered by the report’s authors. The Citizens Research Council (CRC) released a.