It would sure make life easier if we could simply give you the name of the one company that has the best insurance prices in Michigan. It’s just not that simple, as there are a ton of unknowns such as the type of vehicle you drive, if you are a good driver, whether you are single or married, and what deductibles you want to use, that all impact the cost of coverage. We are going to cover these things and will give you a solid foundation to find cheaper car insurance in Michigan.
One of the many things that are used to help calculate the amount you pay for auto insurance is where your residence is. Areas with high crime rates or more dense population will most likely have higher rates, whereas less populated areas benefit from lower rates.
The following table rates the highest-priced places in Michigan for drivers with good credit to purchase a policy in. Detroit shows up at #1 with an annual cost of $4,813 for the average insured, which is about $401 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Detroit | $4,813 |
| 2 | Dearborn | $4,082 |
| 3 | Southfield | $3,980 |
| 4 | Pontiac | $3,675 |
| 5 | Warren | $3,390 |
| 6 | Flint | $3,371 |
| 7 | Dearborn Heights | $3,239 |
| 8 | Taylor | $3,178 |
| 9 | Sterling Heights | $3,044 |
| 10 | Westland | $2,908 |
| 11 | St. Clair Shores | $2,819 |
| 12 | Farmington Hills | $2,758 |
| 13 | Livonia | $2,714 |
| 14 | Saginaw | $2,583 |
| 15 | Rochester Hills | $2,567 |
| 16 | Royal Oak | $2,537 |
| 17 | Troy | $2,536 |
| 18 | Novi | $2,464 |
| 19 | Battle Creek | $2,426 |
| 20 | Lansing | $2,367 |
| 21 | Kalamazoo | $2,259 |
| 22 | Wyoming | $2,216 |
| 23 | Grand Rapids | $2,208 |
| 24 | Kentwood | $2,206 |
| 25 | Ann Arbor | $2,128 |
| Quote Best Rates Go | ||
Rate quotes are comparative as specific location information can revise auto insurance rates significantly.
Establishing which companies have the cheapest auto insurance rates for drivers with good credit may require a bit more effort than just comparing rates from one or two companies. Each auto insurer has a different process to determine rates, so we will examine the auto insurance companies with the overall best prices in Detroit, MI.
Best Car Insurance Prices for High Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $978 |
| 2 | GEICO | $1,033 |
| 3 | Safeco | $1,047 |
| 4 | MetLife | $1,364 |
| 5 | Chubb | $1,372 |
| 6 | MEEMIC | $1,408 |
| 7 | Pioneer State Mutual | $1,474 |
| 8 | Auto-Owners | $1,636 |
| 9 | Hastings Mutual | $1,643 |
| 10 | Frankenmuth | $1,696 |
| 11 | SECURA | $1,796 |
| 12 | Progressive | $1,904 |
| 13 | Wolverine Mutual | $2,191 |
| 14 | Allied | $2,263 |
| 15 | Grange Mutual | $2,276 |
| 16 | Allmerica | $2,362 |
| 17 | Hanover | $2,376 |
| 18 | Auto Club Group | $2,464 |
| 19 | Nationwide | $2,516 |
| 20 | Farm Bureau | $2,573 |
| Get Personalized Rates Go | ||
USAA generally has some of the best car insurance rates in Detroit at around $978 per year. GEICO, Safeco, MetLife, and Chubb would also be considered some of the best Detroit, MI auto insurance companies.
In this example, if you currently have coverage with GEICO and switched to USAA, you may realize yearly savings of roughly $55. Policyholders with Safeco might save as much as $69 a year, and MetLife policyholders might realize rate reductions of up to $386 a year.
To get a fast rate comparison, click here to begin a quote or click several companies below for low rates.
Remember that these rates are averaged across all drivers and vehicles and do not factor in a specific zip code for drivers with good credit. So the auto insurance company that has the cheapest rates for you may not even be in the top 30 companies in the list above. That’s why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
The make and model of vehicle requiring coverage is one of the biggest factors that determines whether or not you find the best cheap insurance for drivers with good credit. Vehicles with higher performance, a lack of safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models. The next list estimates coverage rates for a handful of the more affordable vehicles to buy insurance for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $4,577 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $4,923 |
| Toyota Prius | $4,951 |
| Ford F-150 XLT Super Cab 2WD | $5,023 |
| Honda Accord LX 4-Dr Sedan | $5,124 |
| Toyota RAV4 Limited 4WD | $5,297 |
| Ford Escape XLT 2WD | $5,484 |
| Hyundai Elantra SE Touring Station Wagon | $5,556 |
| Ford Fusion SE 4-Dr Sedan | $5,677 |
| Nissan Rogue S 2WD | $5,686 |
| Hyundai Sonata GLS 4-Dr Sedan | $5,677 |
| Jeep Grand Cherokee SRT-8 4WD | $5,686 |
| Ford F-250 XL Harley Edition 2WD | $6,056 |
| Start Your Quote Go | |
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in specific location information which can influence auto insurance rates significantly.
Looking at the numbers, we can conclude that makes and models like the Honda CR-V, Jeep Wrangler, Toyota Prius, Ford F-150, and Honda Accord are likely to be some of the cheapest vehicles to insure for financially responsible drivers.
The information below highlights how deductible selection can affect insurance premiums when quoting cheap insurance for drivers with good credit. The information is based on a married male driver, full coverage, and no discounts are factored in.
The data above shows that a 40-year-old driver could lower their car insurance rates by $574 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $870 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old category, can cut up to $1,922 or more by using higher deductibles when buying full coverage.
When insureds make the decision to increase the deductibles on their policy, it is essential to have enough savings to be able to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Buying coverage from a high-quality insurance company can be rather challenging considering how many choices drivers have in Detroit. The ranking data listed below may help you choose which providers you want to consider putting your business with. The ratings below are only made up of companies that insure vehicles across America, so companies that have a smaller presence are not included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
| Allstate | 69 | 92 | 92 | 83% | A+ | 84.4 |
| American Family | 77 | 96 | 80 | 85% | A | 83.8 |
| Esurance | 70 | 80 | 89 | 77% | A+ | 79.2 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The importance of shopping around
Detroit, MI auto insurance rates are impacted by many factors that will increase or decrease the price you have to pay. Improving your credit rating, marrying your spouse, or getting a reckless driving citation can trigger changes in premium that can make some companies more affordable than others.
Additionally, insurance companies amend pricing without warning to adjust for unexpected claims or profits. Significantly higher claims can cause high rates, while lower claim levels may produce cheaper Detroit car insurance rates.
To help illustrate this point, the chart below shows which company has the cheapest car insurance in Detroit, MI for a 35-year-old male driver with no prior claims, no tickets, and excellent credit. When comparing rates based on his current situation, USAA has the cheapest car insurance rates in Detroit at $2,348 a year. This is $45 less than the average price paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb round out the rest of the best Detroit, MI auto insurance companies.
In this example, we will give the driver from above an accident claim, slightly worse credit, and a stop sign violation. Due to the fact that every insurance company has a unique approach for setting rates, analyzing rate quotes may now present a new list of the cheapest companies as shown below.
GEICO now has the lowest price on auto insurance in Detroit with Safeco, MEEMIC, Hastings Mutual, and USAA completing the list. This example shows why consumers need to take the time to compare lots of rates to find the lowest insurance rates for drivers with good credit. Rates are impacted by many things and can increase or decrease at any time, so the most economical option six months ago may now be quite expensive.
Tips to find the cheapest auto insurance for drivers with good credit
It’s not impossible to find cheaper rates, and here are some of the recommended money-saving ideas that can help Michigan drivers find cheap car insurance.
- Maintain a safe distance and avoid accidents
- Vehicles with good safety ratings are usually cheaper to insure
- Avoid getting citations and tickets
- On older vehicles, drop full coverage
- Better credit rating means better rates
- Raise deductibles to save money
- Compare rates often to find the best deal
The last item on the list is remarkably crucial, as we discussed in this piece. Prices charged by auto insurers in Detroit fluctuate constantly, so don’t hesitate to change to a new company if a cheaper rate is available.
Loyalty to a specific company is fine, but is isn’t recommended if that inflexibility results in costing you a lot of money. Take a couple minutes and compare prices and find cheaper car insurance for drivers with good credit.