The vehicle model you are insuring is a significant factor when comparing the best cheap coverage for unemployed drivers. Vehicles with more horsepower, a lack of modern safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more modest models.
The table below showcases insurance prices for a selection of the cheaper automobiles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $4,209 |
| Hyundai Elantra SE Touring Station Wagon | $4,469 |
| Honda CR-V LX 2WD | $4,638 |
| Chevrolet Malibu Hybrid | $4,867 |
| Ford Explorer Limited 4WD | $4,958 |
| Dodge Grand Caravan Crew | $4,967 |
| Ford F-150 FX4 Super Cab 4WD | $4,958 |
| Toyota Prius | $5,008 |
| Kia Optima LX | $5,218 |
| Jeep Grand Cherokee Laredo 4WD | $5,328 |
| Nissan Altima 2.5 4-Dr Sedan | $5,335 |
| Honda Odyssey EX W/Rear Entertainment | $5,365 |
| Ford Edge Limited 2WD | $5,374 |
| Honda Civic EX-L 4-Dr Sedan | $5,392 |
| Nissan Rogue SL AWD | $5,483 |
| Toyota Camry LE | $5,488 |
| Chevrolet Equinox LT 2WD | $5,495 |
| Toyota RAV4 4WD | $5,488 |
| Ford Focus SES 4-Dr Sedan | $5,515 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $5,611 |
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Table data does not factor in vehicle location which can raise or lower premium rates substantially.
By looking at the data, you can presume that makes and models like the Ford Escape, Hyundai Elantra, Honda CR-V, and Chevrolet Malibu will be a few of the most budget-friendly vehicles to insure for the unemployed.
Figuring out which companies have the best insurance rates for unemployed drivers requires a bit more work in order to find the most economical policy. Each auto insurer uses a slightly different approach for setting rates, so let’s take a look at the insurance companies that tend to be cheaper in Detroit.
It’s important that you understand Detroit insurance rates are influenced by many factors that can increase the price of your policy. Simply turning a year older, buying higher coverage limits, or getting a driving violation can produce rate changes resulting in some companies being cheaper than before.
Find Cheaper Car Insurance for Job Seekers
USAA may offer some of the lowest car insurance rates in Detroit at around $978 each year. GEICO, Safeco, MetLife, and Chubb would also make the list of some of the cheaper Detroit, MI insurance companies.
In the rate table above, if you are currently insured with MetLife and switched to GEICO, you might achieve a yearly price reduction of in the vicinity of $301. Michigan drivers with Chubb might save as much as $363 a year, and MEEMIC customers might cut rates by $413 a year.
To find the cheapest coverage for you, click here to start a quote or visit any of the low-priced companies below.
Remember that these policy rates are averaged for all types of insureds and vehicles and and are not calculated with an exact location for unemployed drivers. So the auto insurance company that fits your age and vehicle best may not even be in the top 30 companies in the list above. That illustrates why you need to get rate quotes from many companies using your own specific driver and vehicle information.
One of the more important components that help determine the price you pay for insurance is where you live in Detroit. Cities with more crime and/or more people tend to have higher auto insurance costs, whereas more rural areas tend to receive cheaper rates.
The table below lists the highest-priced places in Michigan for unemployed drivers to purchase auto insurance in. Detroit is ranked at #1 costing $5,009 for the average insured, which is around $417 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Detroit | $5,009 |
| 2 | Dearborn | $4,123 |
| 3 | Southfield | $4,020 |
| 4 | Pontiac | $3,531 |
| 5 | Flint | $3,473 |
| 6 | Warren | $3,322 |
| 7 | Dearborn Heights | $3,239 |
| 8 | Taylor | $3,178 |
| 9 | Sterling Heights | $3,044 |
| 10 | Westland | $2,937 |
| 11 | St. Clair Shores | $2,792 |
| 12 | Farmington Hills | $2,758 |
| 13 | Troy | $2,640 |
| 14 | Livonia | $2,634 |
| 15 | Saginaw | $2,583 |
| 16 | Royal Oak | $2,562 |
| 17 | Rochester Hills | $2,467 |
| 18 | Novi | $2,464 |
| 19 | Battle Creek | $2,450 |
| 20 | Lansing | $2,367 |
| 21 | Wyoming | $2,216 |
| 22 | Kalamazoo | $2,215 |
| 23 | Grand Rapids | $2,208 |
| 24 | Kentwood | $2,206 |
| 25 | Ann Arbor | $2,065 |
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Rate quotes are estimated as specific Detroit zip code can decrease or increase coverage rates substantially.
Ending up with a highly-rated car insurance company is hard considering how many choices drivers have in Detroit. The company information displayed below could help you choose which auto insurers you want to consider comparing price quotes from.
These rankings include companies with a nationwide focus, so companies without a large exposure are not taken into consideration for these rankings. If you would like to check rates from these top insurers and more, follow this link.
Top 10 Large Auto Insurers in Detroit Ranked by Value
- The Hartford
- Farmers Insurance
- AAA Insurance
- 21st Century
- Safeco Insurance
- State Farm
- Progressive
- American Family
- GEICO
- Liberty Mutual
The example below highlights how deductible choice can raise or lower insurance costs when searching for cheap insurance for unemployed drivers. The prices are based on a single male driver, comp and collision included, and no policy discounts are applied.
A 40-year-old driver could lower their car insurance rates by $568 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $856 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could roll back prices $1,862 or more by choosing larger deductibles on their policy.
If you do decide to increase your deductibles, it will be required to have additional savings on hand to offset the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Rate increases following a ticket or accident
One of the best ways to get good insurance premiums in Detroit for the unemployed is to drive carefully and maintain a clean driving record. The diagram below shows how violations and at-fault claims can influence annual premium costs for different categories of driver ages. The prices are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
In the previous example, the average cost of car insurance in Detroit per year with no violations or accidents is $3,841. Get two speeding tickets and the average cost hikes up to $5,067, an increase of $1,226 each year. Now add in one accident along with the two speeding tickets and the yearly cost of insurance for unemployed drivers increases to an average of $6,336. That’s an increase of $2,495, or $208 per month, just for not being a responsible driver!