Cheapest Car Insurance Quotes for Veterans in Michigan

Cheapest Car Insurance Quotes for Veterans in Michigan

Finding good, low-cost insurance is not most people’s favorite thing to do, and determining which companies have the lowest-priced insurance rates for veterans involves additional perseverance. Every insurance company has their own process for determining prices, so let’s take a look at the overall cheapest insurance companies in Michigan.

We do need to point out that Michigan insurance rates are impacted by many things which can substantially change the policy price. Taking a driver safety course, marrying your spouse, or getting caught speeding can trigger rate changes that may make certain companies cheaper than before.

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Who has the cheapest car insurance in Michigan?
Rank Company Cost Per Year
1 USAA $949
2 GEICO $993
3 Safeco $1,069
4 MetLife $1,324
5 Chubb $1,414
6 Pioneer State Mutual $1,444
7 MEEMIC $1,450
8 Hastings Mutual $1,627
9 Auto-Owners $1,636
10 Frankenmuth $1,713
11 SECURA $1,832
12 Progressive $1,923
13 Wolverine Mutual $2,126
14 Grange Mutual $2,276
15 Allmerica $2,316
16 Allied $2,332
17 Auto Club Group $2,391
18 Hanover $2,399
19 Nationwide $2,516
20 Farm Bureau $2,678
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USAA offers some of the lowest car insurance rates in Michigan at around $949 per year. GEICO, Safeco, MetLife, and Chubb would also be considered some of the best Michigan car insurance companies.

In the rate table above, if you are a policyholder with MetLife and switched to USAA, you could realize annual savings of approxmiately $375. Michigan drivers with Chubb could save as much as $465 a year, and Pioneer State Mutual insureds might realize rate reductions of up to $495 a year.

To see if your current coverage is too expensive, click here to start your custom quote or visit any of the low-priced companies below.

It’s important to note that these premium estimates are averages for all types of insureds and vehicles and and are not calculated with a price discount for veterans. So the insurer that can offer you the best rate may not even be in the company chart above. That points out the importance of why you need to quote rates from many companies using your own personal information and vehicle type.

The car, truck, or SUV requiring insurance is one of the main factors when looking for the cheapest car insurance for veterans in Michigan. Vehicles with high performance, poor safety features, or high incidents of liability claims will cost substantially more to insure than more economical and safe models.

The next lists illustrates insurance prices for a number of the most budget-friendly vehicles to buy insurance for.

Auto Insurance Rates for Popular Cars in Michigan
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Malibu LS $2,396 $1,198 $200
Ford Focus SE 2-Dr Coupe $2,690 $1,345 $224
Ford Fusion SEL AWD 4-Dr Sedan $2,802 $1,401 $234
Hyundai Elantra SE Touring Station Wagon $2,224 $1,112 $185
Kia Optima EX $2,744 $1,372 $229
Nissan Altima 2.5 4-Dr Sedan $2,396 $1,198 $200
Toyota Camry SE $2,544 $1,272 $212
Volkswagen Jetta S 2.5 Station Wagon $2,224 $1,112 $185
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Price estimates do not factor in specific location which can affect insurance rates greatly.

Auto Insurance Rates for Popular SUVs and Crossovers in Michigan
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Acura MDX Advance 4WD $2,652 $1,326 $221
Acura RDX AWD $2,224 $1,112 $185
BMW X5 M AWD $3,262 $1,631 $272
Chevrolet Suburban LT 4WD $2,450 $1,225 $204
Chevrolet Traverse LS 2WD $2,076 $1,038 $173
Ford Escape XLT 2WD $2,020 $1,010 $168
Ford Explorer Eddie Bauer 4WD $2,450 $1,225 $204
GMC Acadia SLE AWD $2,396 $1,198 $200
GMC Terrain SLE AWD $2,224 $1,112 $185
Honda CR-V EX-L 2WD $2,076 $1,038 $173
Honda Pilot Touring 4WD $2,450 $1,225 $204
Jeep Grand Cherokee SRT-8 4WD $2,598 $1,299 $217
Toyota Highlander Limited 2WD $2,652 $1,326 $221
Toyota RAV4 Sport 4WD $2,396 $1,198 $200
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate information does not factor in specific location information which can change coverage rates substantially.

Insurance Rates for Popular Pickup Trucks in Michigan
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD $2,858 $1,429 $238
Chevrolet Silverado LT Extended Cab 4WD $2,396 $1,198 $200
Dodge Ram 2500 Mega Cab SLT 2WD $2,948 $1,474 $246
Dodge Ram Quad Cab ST 4WD $2,596 $1,298 $216
Ford F-150 Lariat Super Cab 4WD $2,450 $1,225 $204
Ford F-250 Lariat Crew Cab Turbo Diesel 2WD $3,096 $1,548 $258
GMC Canyon SLE Ext Cab 2WD $2,340 $1,170 $195
GMC Sierra 2500HD SLE Extended Cab 4WD $2,598 $1,299 $217
GMC Sierra SLE Extended Cab 4WD $2,598 $1,299 $217
Toyota Tundra SR/5 Crew Max 4WD $2,798 $1,399 $233
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price information does not factor in vehicle location which can influence premium rates greatly.

Bad driving habits will cost you more

The ideal way to snag the cheapest car insurance for veterans in Michigan is to drive safe and avoid accidents and traffic citations. The example below highlights how speeding tickets and fender-benders can increase annual premium costs for different ages of insureds. The premium estimates are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

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The chart shows that the average cost of an auto insurance policy per year with no accidents or violations is $3,422. Get one speeding ticket and the average cost surges to $3,880, an increase of $458 each year. Now get two accidents along with the one speeding ticket and the yearly cost of insurance for veterans increases to an average of $7,843. That’s an increase of $4,420, or $368 per month, just for not driving safely!

How to get the cheapest car insurance for veterans in Michigan

The list below summarizes a few money-saving solutions that can help Michigan drivers get cheap coverage.

  • Being accident-free can lower rates significantly
  • Safe vehicles cost less to insure
  • Speeding tickets and other violations increase rates
  • On older vehicles, drop full coverage
  • Increase physical damage deductibles
  • Drivers with good credit often pay less
  • Compare rates often to find the best deal

The last tip in the list is certainly necessary, as we hit on in the prior article. Insurance prices in Michigan vary greatly, so don’t be hesitant to switch companies if you find a better deal.

Having a favorite company is great, but we do not recommend it if that dedication is costing money that could be going to better use. It only takes a couple minutes to compare rates to find cheaper car insurance for veterans.