Who Has the Cheapest Insurance for Drivers with Good Credit in Michigan?

We all have different tastes in cars, and the vehicle you are buying coverage for is a significant factor when comparison shopping for the cheapest insurance for drivers with good credit in Michigan. Vehicles with limited top-end speed, modern passenger safety features, or a positive history of liability claims will cost much less to insure than high performance models. The information below shows coverage premiums for a selection of the more afforable vehicles to buy coverage for.

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium costs do not factor in specific garaging location which can alter coverage prices greatly.

Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium costs do not factor in your specific Michigan location which can raise or lower insurance rates greatly.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price information does not factor in the specific area where the vehicle is garaged which can modify prices greatly.

Trying to buy cost effective insurance is easier said than done, and finding out which company has the best auto insurance rates for drivers with good credit may require even more perseverance. Insurance prices may be somewhat lower-priced than the state average, with the lower cost attributed to the potential for fewer claims related to selling insurance for financially responsible drivers. Economical insurance should be obtainable from many providers.
Every auto insurer uses their own formula for setting rates, so let’s begin by examining the most affordable auto insurance companies in Michigan.

Best Cheap Insurance Rates for High Credit

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USAA has some of the best car insurance rates in Michigan at around $949 a year. GEICO, Safeco, MetLife, and MEEMIC would also be considered some of the best Michigan auto insurance companies.

As illustrated above, if you are a customer of GEICO and switched to USAA, you may realize a yearly price reduction of about $74. Insureds with Safeco may save as much as $88 a year, and MetLife customers might see rate reductions of $401 a year.

Remember that these policy rates are averages for all types of insureds and vehicles and and are not figured with a price discount for drivers with good credit. So the auto insurance company that fits your age and vehicle best may not even be shown in the chart above. That affirms the importance of why you need to get auto insurance quotes using your own personal information and vehicle type.

Picking the highest-rated car insurance company can be difficult considering how many choices there are in Michigan. The company ratings in the lists below can help you choose which companies you want to consider when shopping around.

The rankings below are only comprised of companies with a national presence, so companies that have a smaller presence are not included in the list. To get price quotes and find the cheapest rates for drivers with good credit, click this link.

Top 10 Major Car Insurance Companies Overall in Michigan

1. The Hartford
2. Progressive
3. State Farm
4. Farmers Insurance
5. Safeco Insurance
6. USAA
7. GEICO
8. 21st Century
9. Liberty Mutual
10. AAA Insurance

Which auto insurance company is best?

When comparing car insurance for financially responsible drivers in Michigan, four companies to consider are Allstate, State Farm, Progressive, and Geico. When combined, they insure nearly half of all car insurance policies written. All four offer physical damage and liability coverage, but each has a slightly different set of options and discounts that buyers can choose from. The following table rates some of the ratings and options that are available for customers.

How to find cheaper insurance for drivers with good credit

Below you’ll find many money-saving solutions that can help Michigan drivers locate the cheapest auto insurance.

• At-fault accidents will increase rates
• Ensure your driving record is clean
• Save money by insuring your home and auto with the same company
• Safe vehicles cost less to insure
• Full coverage is expensive so only insure older vehicles for liability only
• If possible, pay for small claims out-of-pocket
• Comparison shop frequently

That final tip is particularly critical, as we pointed out in the prior article. Coverage rates fluctuate considerably, so don’t be hesitant to switch companies if a cheaper price is available. Many drivers have brand loyalty and that’s fine, but it’s not a good idea if it’s costing you a lot of money every month. Take a few minutes and shop around and find cheaper insurance for drivers with good credit.