In our challenging economic climate everyone can benefit from reducing the cost of necessities like a Michigan car insurance premium. There are things that you can do to reduce the cost of your auto insurance policy. Some of these things are broadly applicable, but others are specific to the area in which you live. There are lots of opportunities to save money on car insurance in Michigan.
The more your policy covers, the more it will cost. Tailoring your policy so that it only covers what you are likely to need is one way to lower your premium. Liability is required by law but the amount varies by state. In Michigan, the amount required is $20,000 liability for each injured person with a maximum of 40,000 per accident. Additional coverage like collision, comprehensive and under/uninsured motorist will increase the cost of your policy.
Another thing to consider in Michigan is that it is a no fault state. No fault states are those that require you to have medical coverage on your car insurance policy to cover your potential injuries in the event of an accident no matter whose fault it was.
In recent years, Michigan has experienced a high auto theft rate. There is speculation that many of the claims may have been fraudulent. Both theft and fraud will raise your insurance rates but there are some things you can do to reduce your risk and lower your premium.
Owning a car that is less likely to be stolen is one way to reduce the risk of theft. The Ford Taurus, Toyota Prius, and the Volkswagen New Beetle are rated among those least likely to be stolen. Remaining the top vehicle for car theft is the 1994 Honda Accord, the most popular stolen car, is a veritable spare parts store for chop shops. If you own a car model that is stolen frequently, you can utilize any number of anti-theft devices. Car alarms simply call attention to the theft. Some devices are designed to disable the vehicle's mobility like steering wheel locks or wheel locks. A starter interrupter will make starting the car less likely. Lastly, devices like the LoJack will allow you to track the location of your automobile.
Insurers will offer drivers with good driving records a lower Michigan car insurance rate quote. Sometimes you can get a ticket removed by taking a driver safety course. Autocross courses can provide good defensive driving practice. Taking a defensive driving class can qualify you for a discount.
Discounts are also available for good students with a B or better average, and seniors, beginning between 50-55 years of age. Those who drive less than 15,000 miles per year can also be eligible for a low mileage discount.
Remember to report any changes of address to your Michigan car insurance company. Depending on where you move in Michigan, the conditions in your new location could have lower risks associated and result in more affordable insurance. Similarly, if your usage changes and you are driving fewer miles, the cost of your Michigan car insurance premiums should cost less.