Your question: How much auto insurance coverage do I need in Michigan?

Coverage Type Minimum Coverage Limit
Bodily Injury Liability (per person) $50,000
Bodily Injury Liability (per accident) $100,000
Property Damage Liability $10,000
Uninsured Motorist Not Required

What auto insurance coverage should I have in Michigan?

Minimum insurance requirements for Michigan

The minimum amount of Michigan auto insurance coverage is $50,000/$100,000/$10,000. In the event of a covered accident, your limits for bodily injury are $50,000 per person, with a total maximum of $100,000 per incident.

How much insurance do I need in Michigan?

Auto insurance requirements in Michigan

Minimum Liability Coverage: 50/100/10 Property Protection Insurance
$50,000 for bodily injury per person $100,000 for bodily injury per accident $10,000 for property damage per accident $1 million

How much car insurance coverage do I really need?

The best liability coverage for most drivers is 100/300/100, which is $100,000 per person, $300,000 per accident in bodily injury liability and $100,000 per accident in property damage liability. You want to have full protection if you cause a significant amount of damage in an at-fault accident.

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What is considered full coverage auto insurance in Michigan?

Full coverage insurance in Michigan is usually defined as a policy that provides collision and comprehensive insurance plus at least the state’s minimum required coverage: $50,000 in bodily injury coverage per person (up to $100,000 per accident) and $10,000 in property damage coverage.

What is the new auto insurance law in Michigan?

On July 2, 2020, many changes to the existing no-fault auto insurance law will take effect, including giving Michigan drivers a choice in their level of PIP coverage. Under the new plan, drivers will be able to choose from up to six options for Personal Injury Protection coverage.

How much PIP insurance do I need in Michigan?

PIP States

State PIP Policy Minimum PIP Coverage
Maryland Optional $2,500
Massachusetts Required $8,000 per person, per accident
Michigan Required (drivers who receive Medicaid can opt out as of July 2020) $50,000 per person
Minnesota Required $40,000 per person, per accident

How much is car insurance in Michigan per month?

Car insurance in Michigan costs $159 per month, on average, or $1,908 per year. The average cost of car insurance in Michigan is 165% higher than the national average auto insurance premium, and Michigan ranks 50 out of 50 for the most affordable car insurance rates in the U.S.

Do I need PIP insurance in Michigan?

PIP is required in Michigan. Also referred to as “personal protection insurance” or “personal injury protection” insurance, PIP is one of the mandatory auto insurance coverages under the No-Fault law. Anyone who drives regularly in Michigan must have it.

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How long does an accident stay on your insurance in Michigan?

How long does an accident stay on my insurance record? A car accident usually stays on your insurance record for three to five years. Because of this, an accident may impact your car insurance premium for three to five years as well.

What are the 3 types of car insurance?

What are the different types of car insurance?

  • Liability coverage. …
  • Collision insurance. …
  • Comprehensive insurance. …
  • Uninsured motorist insurance. …
  • Underinsured motorist insurance. …
  • Medical payments coverage. …
  • Personal injury protection insurance. …
  • Gap insurance.

Do I need full coverage on a financed car?

Yes, everyone who finances a vehicle must maintain full coverage auto insurance for the life of their loan. The lender still, technically, owns any vehicle that still has a balance left on the loan. Lenders require clients to maintain full coverage auto insurance to protect their investment.

What kind of car insurance do I need for Uber?

California requires TNC drivers to carry rideshare insurance as soon as they flip on the rideshare app.

These are:

  • $15,000 bodily injury coverage per person injured in an accident.
  • $30,000 of bodily injury coverage per accident.
  • $5,000 of property damage coverage per accident.


Why is Michigan’s auto insurance so high?

Car insurance is so expensive in Michigan because the state has the highest minimum coverage requirements in the country. … Roughly 1 in 5 drivers in the state is uninsured, according to the Insurance Information Institute. Fewer insured drivers to pay premiums drives up rates for those who are paying.

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Who has cheapest car insurance in Michigan?

The cheapest car insurance companies in Michigan

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Progressive $683 $1,394
Auto-Owners $827 $1,982
AAA $893 $2,221
Pioneer State $927 $1,975

Who has the best auto insurance rates in Michigan?

Best car insurance companies in Michigan

Car insurance company Bankrate Score Average annual full coverage premium
USAA* 4.8 $1,255
Auto-Owners 4.6 $1,982
Progressive 4.1 $1,394
Allstate 3.6 $2,726
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