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Cheap Car Insurance in Ann Arbor, MI

How much do you really want to pay for cheap auto insurance in Ann Arbor, MI? At AutoInsuranceEZ.com, ¬†we have the ability to get you the best deals in your area. We know the companies that operate within your zip code, we know what they look for in the drivers they insure, and we know how you can bend the odds in your favor. Just let us show you the way, and you can’t go wrong.

The University of Michigan is the crown jewel in the city of Ann Arbor. It employs nearly 30,000 people, with almost half of them working in the healthcare industry – specifically, the University of Michigan Medical Center. There is also a significant amount of research and development going on in the high technology commercial centers within the city limits.

  • Fun fact: Ann Arbor may be a great place for healthcare, but it’s also number two on the list five cities with the greatest percentage of women working in Educational Services. Feel free to learn more about Ann Arbor here.

Auto Insurance Coverage Requirements in Michigan

Driving legally in Ann Arbor requires:

Coverage Requirements Most Common
Bodily Injury Liability 20,000/40,000 100,000/300,000
Property Damage Liability 10,000 100,000
Uninsured Motorist Bodily Injury Not required 20,000/40,000
Medical Payments Not required 5,000
Collision Not required 500 deductible
Comprehensive Not required 100 deductible

One of the ways you can save money on your auto insurance premiums is to purchase less coverage. But you should only pursue this course of action if it fits in well with your personal circumstances. Obviously, you don’t want to settle for the bare minimum legal coverage if you are driving a brand new vehicle or an expensive luxury car. And even if you’re trying to save money by purchasing less coverage, make sure you purchase a decent amount of liability to protect your other assets from legal action.

Average Michigan car insurance rates can be as expensive as $213 a month! If you think that number is as outrageous as we do, then you’ve come to the right place. We believe that every driver has a right to pay the most affordable premium they can get. And if you want to save anywhere from 25% to 30% off the state average in Michigan, then We’ve got you covered.

Average Monthly Auto Insurance Premiums Legend: Ann Arbor Farm Bureau Allied Nationwide SECURA Hastings Mutual 10 20 30 40 50 60 70 80 90 100 110 $62 $117 $74 $34 $49

 
Allied seems to be a little on the higher side in Ann Arbor, while companies like Hastings Mutual tend to price their policies more affordably. But that doesn’t necessarily mean that a certain company will give you a better rate over another based on our estimates alone. You really do have to shop around for yourself – and our website is designed to make that process as easy for you as possible.

Michigan auto insurance seems expensive for most drivers, but it doesn’t have to be. You, specifically can save at least 28% just by shopping with us today. It’s a very simple process that doesn’t take more than a few minutes. We take all the hard work out of comparison shopping so that you can relax and save money.

Major Car Insurance Factors in Ann Arbor

Insurance companies pile together a whole bunch of your personal circumstances to see whether or not you are a risky driver. In general, the higher your risk, the more you can look forward to paying each month – unless you have favorable circumstances in the following categories:

Your Zip Code

Despite the fact that Ann Arbor is a college town, which makes it difficult to pin down an exact population number, the most recent data suggests that there are an average of 120,777 residents in the city at any given time. And these fortunate households are bringing home about $60,745 a year on average. For the most part, high population areas mean you are sharing the road with more drivers, and increasing your accident risk. But more affluent areas tend to have lower risks, especially as far as auto theft and property damage is concerned.

Auto Insurance by Zip Code Legend: Ann Arbor Detroit Sterling Heights Farm Bureau Allied Nationwide 10 20 30 40 50 60 70 80 90 100 110 120 130 140 $62 $99 $102 $117 $143 $105 $74 $63 $48

Automotive Accidents

The rate of auto accidents in Ann Arbor is very low, especially when compared to nearby cities of a similar size. The less likely you are to get into an accident, the less you will have to pay for your monthly premiums. Insurance companies love to charge lower rates to drivers with a clean record (more on that below), and your rates will go even lower if your insurance provider suspects that you won’t be blindsided by a reckless driver, either.

Fatal Accidents in Ann Arbor, MI Legend: Ann Arbor Fatal Accidents Vehicles Involved in Fatal Accidents Fatal Crashes Involving Drunk Persons Fatalities Persons Involved in Fatal Crashes Pedestrians Involved in Fatal Crashes 1 2 3 4 5 6 7 8 9 4 9 1 4 9 4

Auto Thefts in Ann Arbor

Rates of auto theft are generally low when it comes to Ann Arbor. Last year’s statistical data show that 112 vehicles were reported stolen within the city limits. While this is still a relatively low number compared to the population, it marks a small spike from previous years. It’s a good idea to talk to your insurance agent about ways to mitigate your theft risk, such as passive alarm systems installed on your vehicle.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Farm Bureau Allied Nationwide 15 30 45 60 75 90 105 120 135 150 165 180 $62 $136 $117 $186 $74 $182

Your Credit Score

Michigan is one of many states in the union where your credit score makes a difference in your insurance premiums. Obviously, a higher score will get you a better financial deal then a low score. But even if you have low credit, it doesn’t mean you’ll be charged more for financial products forever. Keeping track of your credit score with a free credit monitoring site and doing your best to pay your bills on time and in full will eventually build better credit overtime. When this happens, you won’t just be saving money on your car insurance! You’ll be saving all over the place.

Auto Insurance by Credit Score Legend: Good Credit Poor Credit Farm Bureau Allied Nationwide 15 30 45 60 75 90 105 120 135 150 $62 $128 $117 $164 $74 $89

Your Age

Unfortunately, it’s a universal truth that younger drivers are more dangerous behind the wheel. This means they’re more likely to cause accidents, in those accidents are more likely to be very expensive. Insurance companies charge them higher premiums in order to financially protect their business. But young drivers can do themselves a favor and lower the rates by proving good grades, taking as much driver education as they can get, and even bundling onto a family policy with their parents.

Auto Policy Age Comparison Legend: 35 Year Old Driver 17 Year Old Driver Farm Bureau Allied Nationwide 20 40 60 80 100 120 140 160 180 200 220 240 260 280 $62 $127 $117 $283 $74 $174

Your Driving Record

What is your driving record like? More importantly, have you been in any serious accidents recently? Even so much as a small speeding ticket can make a difference in your monthly premium. You need as much proof as you can get that you are a safe driver in order to negotiate a lower rate with your insurance company. A recent history of accidents and tickets makes you look like a risky investment; but if you stay vigilant and obey the rules of the road, those accidents will eventually fade from your record and you can start saving more money.

Driving Violations Legend: Perfect Record Minor Violation Major Violation Farm Bureau Allied Nationwide 20 40 60 80 100 120 140 160 180 200 220 $62 $88 $203 $117 $226 Does Not Sell $74 $89 $224

Your Vehicle

What type of car do you drive? How expensive is it? Do you own it outright, or is it financed/leased from another entity? All of these questions are very important when your insurance company is trying to figure out an appropriate premium for you. If your insurance company will have to pay more to repair or replace your vehicle after a serious accident, then they’re going to charge you more on your monthly premiums. Newer, more expensive, and not 100% owned in your name vehicles will get you that higher rate.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2015 Chevy Corvette Farm Bureau Allied Nationwide 15 30 45 60 75 90 105 120 135 150 165 180 195 210 $62 $179 $117 $216 $74 $206

Minor Car Insurance Factors in Ann Arbor

Of course, tweaking some of the factors below can add up to some extra savings over time:

Your Marital Status

There are a couple of different ways married couples can work together to save money on their auto insurance costs. For starters, congratulations – not just on getting married, but on the fact that many providers offer a passive, automatic discount for married motorists. But you still might want to talk to your respective insurance providers and find out if one company can give you a bundling discount to make your total insurance costs cheaper between the two of you. Some drivers save anywhere from 10% to 15% or more!

Your Gender

Here’s a question: who’s the more dangerous driver, men or women? Likely, this question will start some heated debates. But the question you should really be asking is whether your insurance provider believes men or women are the more dangerous driver. Because whoever they pick will be getting a substantially higher rate. And if that means your insurance provider thinks you aren’t the safer sex behind the wheel, then you may need to start looking for a new provider.

Your Driving Distance to Work

Ann Arbor is a fairly sizable city, so your daily work commute can be as short as 10 or as long as 20 minutes from point A to point B. Thankfully, the traffic shouldn’t is bad for you because fewer than 60% of workers in Ann Arbor will drive their own vehicle to work. This means there are less vehicles on the road and that you should be able to negotiate a lower monthly premium.

Your insurance company asks you how many miles you drive each year on average in order to calculate your likelihood of risk that much more precisely. The fewer miles you drive, the fewer opportunities you will have to get into a wreck. And if you take advantage of a mileage tracker discount with your provider, you can save upwards of 30% by proving that you not only drive fewer miles each year, but that you spend less time on the road during rush hour traffic and that you are a safer driver in general.

Your Coverage and Deductibles

If you want to save money on your insurance premiums over the long-term, you’re going to want a higher deductible on your policy. But if you’re the type of person who has trouble saving money, you may want to request a lower one. A lower deductible will make your monthly premiums cost a little bit more, but it can help you get back on the road more quickly because it won’t be as expensive to get the ball rolling on your claim.

Education in Ann Arbor, MI

Ann Arbor residents are lucky because so many of them are fortunate enough to have received a higher education. And higher education levels mean your insurance company will likely give you discounts. between master’s degrees, doctorates, and bachelor’s degrees, approximately 41% of Ann Arbor residents have some form of a higher education. Way to go!

As we’ve mentioned already, the University of Michigan is basically the reason that Ann Arbor exists today. But you don’t necessarily have to get a four-year degree just see it car insurance discounts. There’s the Ross Medical Education Center for those who are interested in health care. And if you’d rather specialize in a trade, there’s the Ann Arbor Institute of Massage Therapy or the Scholars Cosmetology University. You may also want to look into an associate’s degree from the Washtenaw Community College.

Car insurance in general may feel like kind of a scam, but there are some good actors out there. Not only will they charge you an affordable rate, but they will provide you with quick and effective claims processing and customer service. It can be hard to find them though because auto insurance shopping is so complicated. But we can simplify the process for you. Just let us know your zip code, and we can connect you with several of the most affordable can professional companies in your area.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

The Michigan Department of Insurance and Financial Services

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

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