Tightwads Tips for Saving on Michigan Auto Insurance
Did you fall for a flashy sales pitch and buy overpriced auto insurance? Trust us when we tell you many consumers are feeling buyer's remorse and feel like there's no way out.
You have so many to pick from, and even though it's nice to have a choice, lots of choices makes it harder to compare rates.
Policy discounts you shouldn't miss
Companies offering auto insurance don't necessarily list every discount very clearly, so we researched some of the best known and the more hidden auto insurance savings.
- No Claims - Drivers with accident-free driving histories pay much less when compared to frequent claim filers.
- Low Mileage Discounts - Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
- Multiple Cars - Buying insurance for all your vehicles on one policy could earn a price break for each car.
- New Vehicle Savings - Buying coverage on a new vehicle can save up to 30% because new vehicles have to meet stringent safety requirements.
- Drivers Education - Require your teen driver to successfully complete driver's ed class if offered at their school.
- Safety Course Discount - Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount depending on where you live.
A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Most only cut the cost of specific coverages such as comp or med pay. So when it seems like all the discounts add up to a free policy, you won't be that lucky.
For a list of insurance companies with discount auto insurance rates in North Dakota, follow this link.
Comprehensive Michigan Auto Insurance Comparison Quotes
The are a couple different ways to compare rate quotes from auto insurance companies in your area. The recommended way to find the cheapest insurance rates is to perform an online rate comparison. This can be accomplished in a couple of different ways.
One of the best ways consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This method saves time by eliminating repetitive form entry for each company you want a rate for. Completing one form gets you price quotes direct from many companies.
A harder way to shop for auto insurance online requires a trip to the website of each company to complete a price quote. For sake of this example, we'll pretend you want to compare rates from , and . To get each rate you have to spend time on each company's site to input your insurance information, which is why most consumers use the first method.
For a list of links to companies insuring cars in Michigan, click here.
Whichever way you use, compare identical quote information with each company. If you enter mixed coverages it will be next to impossible to make an equal comparison in Michigan. Just a small difference in coverages may result in large price differences. Just keep in mind that comparing more company's prices helps you find a better price.
Shop smart and save
Cheaper auto insurance can be sourced on the web in addition to many Michigan insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers do not provide online quoting and these small, regional companies work with independent agents.
As you shop your coverage around, make sure you don't sacrifice coverage to reduce premiums. There are too many instances where an insured dropped liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to purchase a proper amount of coverage at an affordable rate while still protecting your assets.
