A recent survey discovered that over 70% of consumers have remained with the same insurance company for over three years, and approximately 40% of consumers have never taken the time to shop around. Many consumers in America could save themselves approximately $860 a year by just shopping around, but they think it’s difficult to find affordable insurance rates.
If your goal is the lowest price, then the best way to find better pricing on car insurance rates is to make a habit of comparing prices annually from different companies who can sell car insurance in Detroit.
First, try to learn a little about how auto insurance works and the things you can control to keep rates in check. Many things that increase rates such as accidents, careless driving, and a not-so-good credit history can be rectified by making minor changes in your lifestyle.
Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like GEICO or State Farm, while independent agents can provide rate quotes from multiple insurance companies.
Third, compare the new rates to your current policy to see if cheaper G6 coverage is available. If you can save money and change companies, make sure coverage is continuous and does not lapse.
Fourth, give proper notification to your current agent or company of your intention to cancel your current car insurance policy. Submit the signed application along with the required initial payment for the new policy. As soon as coverage is bound, store the certificate of insurance in a readily accessible location in your vehicle.
An essential thing to point out is to use the same coverage limits and deductibles on each quote and and to get rates from as many different insurance providers as possible. Doing this guarantees an accurate price comparison and many rates to choose from.
Keep in mind that comparing a large number of companies increases the chance that you will find a lower rate than you’re paying now.
The providers in the list below have been selected to offer free quotes in Detroit, MI. To get cheap car insurance in Michigan, we recommend you get rate quotes from several of them to get a more complete price comparison.
Three main reasons to buy car insurance
Despite the fact that car insurance is not cheap in Detroit, paying for car insurance is required for several reasons.
First, almost all states have mandatory insurance requirements which means state laws require a minimum amount of liability insurance if you want to drive legally. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your vehicle with a loan, more than likely the lender will stipulate that you have comprehensive coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender may insure your Pontiac at a much higher premium rate and force you to pay much more than you were paying before.
Third, car insurance preserves your car and your assets. It will also pay for many types of medical costs incurred in an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of your driving. If your Pontiac gets damaged, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance definitely exceed the cost, particularly if you ever have a claim. An average driver in America overpays more than $810 a year so it’s important to compare rates at every renewal to be sure current rates are still competitive.
Coverage analysis
The information displayed below showcases a range of rate quotes for Pontiac G6 models. Learning as much as possible about how prices are formulated is important for drivers to make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| G6 4-Dr Sedan | $592 | $1106 | $932 | $56 | $280 | $2,966 | $247 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Table data does not factor in specific Detroit garaging location which can lower or raise prices noticeably.
Analysis of deductible levels
When comparing auto insurance rates, the most common question is the level to set your comp and collision deductibles. The data tables below may help to conceptualize the difference in cost of buying low and high physical damage deductibles. The first pricing table uses a $250 deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| G6 4-Dr Sedan | $534 | $900 | $690 | $40 | $206 | $2,395 | $200 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| G6 4-Dr Sedan | $434 | $726 | $690 | $40 | $206 | $2,096 | $175 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in zip code location which can decrease or increase coverage prices substantially.
Using the data above, we can ascertain that using a $250 deductible costs approximately $25 more each month or $300 for a full year averaged for all G6 models than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 10 months between claim filings, you would save more money by going with a higher deductible.
Rate difference between full and liability-only coverage
The diagram below visualizes the comparison of Pontiac G6 yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Michigan. The prices are based on no claims or violations, $500 deductibles, single marital status, and no other discounts are factored in.
When to buy liability coverage only
There is no clear-cut formula that works best for making the decision to drop physical damage coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Pontiac G6 replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after the deductible is paid. If it’s costing in excess of $500 annually for physical damage coverage, then you might want to think about dropping full coverage.
There are some scenarios where removing full coverage is not financially feasible. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Score discounts to get cheaper Detroit auto insurance quotes
Auto insurance is neither fun to buy or cheap, but discounts can save money and there are some available to reduce the price significantly. Certain reductions will be credited when you complete an application, but some must be requested specifically in order for you to get them.
- No Claim Discounts – Claim-free drivers can earn big discounts in comparison with bad drivers.
- Save with a New Car – Buying coverage on a new vehicle may earn a small discount compared to insuring an older model.
- Membership in Organizations – Affiliation with a professional or civic organization could earn you a nice discount on auto insurance.
- Pay Now and Pay Less – By making one initial payment rather than spreading payments over time you may reduce your total bill.
- Mature Driver Discount – Mature drivers are able to get a discount up to 10%.
- Discounts for Federal Employees – Active or retired federal employment could cut as much as 10% off depending on your company.
- Good Student – This discount can be rewarded with saving of up to 25%. Earning this discount can benefit you well after school through age 25.
- Active Military Service – Being on active deployment in the military could qualify you for better rates.
Drivers should understand that most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as comprehensive or collision. Just because you may think having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.
The example below compares Pontiac G6 annual premium costs with and without discounts applied to the rates. The rate quotes are based on a female driver, no violations or accidents, Michigan state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, marriage, multi-car, homeowner, and safe-driver discounts applied.
If you would like to see a list of companies offering auto insurance discounts in Michigan, click this link.
Local Detroit insurance agencies
Certain consumers prefer to buy from a licensed agent and that is OK! The best thing about comparing rates online is that drivers can save money and get the lowest rates and still buy from a local agent. Supporting local agents is definitely important in Detroit.
After filling out this quick form, the coverage information is immediately sent to agents in your area who will gladly provide quotes for your coverage. It simplifies rate comparisons since you won’t have to even leave your home because prices are sent to your email. You can find the lowest rates without having to waste a lot of time. If for some reason you want to get a comparison quote from a specific company, just navigate to their website to submit a rate quote request.
If you are wanting to purchase auto insurance from an insurance agent, you need to know there are two different types of agencies that you can choose from. Agencies in Detroit can either be exclusive or independent agents depending on their company appointments.
Independent Auto Insurance Agents
These agents often have many company appointments and that is an advantage because they can write policies with many different companies and possibly get better coverage at lower prices. If your agent finds better pricing, your agent can just switch to a different company and you won’t have to switch agencies.
If you need cheaper auto insurance rates, you definitely need to get rate quotes from at a minimum one independent agency for the best price selection. Most also have access to different regional companies which can save you money.
Below is a partial list of independent agencies in Detroit that may be able to give competitive price quotes.
- Detroit Insurance and Services
7752 Vernor Hwy – Detroit, MI 48209 – (313) 843-2730 – View Map - Cosby Insurance Agy and Financial Services
10140 W McNichols Rd – Detroit, MI 48221 – (313) 864-3285 – View Map - Premier Insurance
16119 W Warren Ave – Detroit, MI 48228 – (313) 582-1500 – View Map
Exclusive Insurance Agents
Agents of this type can only provide one company’s prices and some examples include Allstate and State Farm. These agents are unable to compare rates from other companies so always compare other rates. Exclusive agents are well schooled on sales techniques which helps them sell insurance even at higher premiums. Drivers often use the same agent primarily because of the prominent brand name and strong financial ratings.
Below is a short list of exclusive agents in Detroit who can help you get price quotes.
- Tony Massey – State Farm Insurance Agent
15 E Kirby St #112 – Detroit, MI 48202 – (313) 873-3334 – View Map - Michelle Sims – State Farm Insurance Agent
24970 W Outer Dr – Lincoln Park, MI 48146 – (313) 928-1348 – View Map - Charlotte Knight – State Farm Insurance Agent
7100 W Seven Mile Rd – Detroit, MI 48221 – (313) 340-9000 – View Map
Finding the right car insurance agent requires more thought than just the quoted price. These are some valid questions you should ask.
- Are they giving you every discount you deserve?
- Is coverage determined by price?
- If independent agents, which companies do they recommend?
- How much will you save each year by using a higher deductible?
- Do they have any clout with companies to ensure a fair claim settlement?
- Has the agent ever had any license suspensions?
- Does the company have a solid financial rating?
When in doubt talk to an agent
When it comes to buying proper insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.
For instance, these questions might help in determining whether your personal situation would benefit from professional advice.
- Am I covered if my car is in a flood?
- Does my car insurance cover rental cars?
- If I use my vehicle for business use is it covered?
- Does insurance cover tools stolen from my truck?
- Does my Pontiac G6 qualify for pleasure use?
- When should I buy a commercial auto policy?
- Do I need special coverage while pulling a rented trailer?
If it’s difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, complete this form.
A little work can save a LOT of money
Drivers leave their current company for any number of reasons including high rates after DUI convictions, lack of trust in their agent, delays in paying claims or extreme rates for teen drivers. Whatever your reason, switching auto insurance companies is easier than you think.
Budget-conscious Pontiac G6 insurance can be purchased on the web in addition to local insurance agencies, so get free Detroit auto insurance quotes from both of them so you have a total pricing picture. Some companies may not have online price quotes and usually these smaller companies work with independent insurance agents.
When trying to cut insurance costs, never skimp on critical coverages to save a buck or two. In many instances, an insured dropped comprehensive coverage or liability limits only to discover later they didn’t have enough coverage. Your objective should be to buy the best coverage you can find at a price you can afford, but do not skimp to save money.
For more information, link through to the following helpful articles:
- Senior Drivers (Insurance Information Institute)
- Who Has the Cheapest Detroit Car Insurance Rates for a Honda Civic? (FAQ)
- Who Has Affordable Auto Insurance for Teenage Males in Detroit? (FAQ)
- Who Has Affordable Car Insurance Rates After a Speeding Ticket in Detroit? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- Things to Know Before you Cancel Insurance (Allstate)
- Understanding your Policy (NAIC.org)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)