Deciphering which companies quote the best car insurance rates for felons requires a little more work in order to find the most economical policy. Every insurance provider has their own process for determining prices, so let’s look at the rankings for the most affordable car insurance companies in Michigan.
It’s important to understand that Detroit car insurance rates are based on many factors that control the price you have to pay for coverage. Simply improving your credit, buying a different home, or getting a reckless driving citation can trigger rate changes resulting in some rates now being cheaper than before.
Find the Cheapest Car Insurance for Felons
|Rank||Company||Cost Per Year|
|6||Pioneer State Mutual||$1,430|
|18||Auto Club Group||$2,416|
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USAA normally has some of the most affordable car insurance rates in Detroit at around $978 a year. This is $1,415 less than the average rate paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb would also make the list of some of the cheaper Detroit, MI car insurance companies.
As the example above demonstrates, if you buy coverage from GEICO and switched to USAA, you could earn an annual savings of about $25. Michigan drivers with Safeco might save as much as $91 a year, and MetLife insureds might lower prices by $346 a year.
To find the cheapest coverage for you, click here to start your custom quote or quote rates from the companies below.
It’s important to note that these estimates are averages across all types of insureds and vehicles and are not factoring in an exact zip code location for felons. So the car insurance company that can offer you the best rate may not even be in the top 30 companies shown above. That helps illustrate why you need to get auto insurance quotes using your own personal information and vehicle type.
The vehicle model to be insured is one of the main factors that determines the availability of low-cost coverage for felons. Vehicles with economical engines, good safety features, or low incidents of liability claims will cost quite a bit less to insure than higher performance models.
The data below ranks insurance costs for a number of the most economical vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$4,464|
|Honda Accord EX-L 4-Dr Sedan||$4,742|
|Ford Escape Limited 4WD||$4,749|
|Jeep Grand Cherokee Laredo 4WD||$5,170|
|Toyota RAV4 Sport 4WD||$5,180|
|Ford Explorer XLT AWD||$5,349|
|Nissan Rogue S AWD||$5,538|
|Ford Fusion Sport 4-Dr Sedan||$5,542|
|Chevrolet Equinox LTZ 2WD||$5,551|
|Honda Odyssey EX||$5,693|
|Ford Edge SE AWD||$5,702|
|Volkswagen Jetta 2.0T Station Wagon||$5,731|
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate information does not factor in Detroit, MI location which can decrease or increase premiums greatly.
By looking at the data, cars like the Honda CR-V, Honda Accord, and Ford Escape are likely to be some of the cheapest vehicles to insure for felons.
One of the more important criteria that determine the amount you pay each year for auto insurance is where you call home in Detroit. More densely populated places tend to have higher rates, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.
The illustration below rates the most expensive areas in Michigan for felons to purchase auto insurance in. Detroit is ranked at #1 costing $4,960 for the average insurance policy, which is approximately $413 each month.
|Rank||City||Premium Per Year|
|11||St. Clair Shores||$2,792|
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Premium amounts are estimated as the specific zip code location can revise auto insurance rates greatly.
Does full coverage make sense?
Paying a lower price for car insurance is important to the majority of drivers, and one of the quickest ways to pay lower rates for insurance for felons is to only buy liability insurance. The chart below shows the comparison of premium costs when comparing full coverage to liability only. The prices are based on a clean driving record, no claims, $1,000 deductibles, single marital status, and no discounts are factored in.
If we average the cost for ages 20 through 70, full coverage on your policy costs $2,877 per year over liability only. That touches on the question if it’s a good idea to buy full coverage. There is no set rule to delete comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
The chart below illustrates how your choice of deductibles can affect yearly insurance costs when searching for cheap insurance for felons. The premiums are based on a single male driver, full coverage, and no additional discounts are factored in.
As shown above, a 50-year-old driver could pocket $770 a year by switching from a $100 deductible up to a $500 deductible, or save $1,158 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old example, could save up to $2,562 every year by choosing larger deductibles on their policy. When raising deductibles, it will be important to have enough in a savings account to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Get discount Detroit auto insurance
Car insurance companies that provide policies for felons may also offer price discounts that could lower prices by as much as 35% if you qualify. A list of car insurance companies and a selection of discounts include:
- Progressive may include discounts for multi-policy, online signing, good student, continuous coverage, and online quote discount.
- MetLife policyholders can earn discounts including multi-policy, defensive driver, good driver, good student, and claim-free.
- Mercury Insurance may offer discounts for good student, multi-policy, age of vehicle, low natural disaster claims, anti-theft, and professional/association.
- Nationwide includes discounts for easy pay, business or organization, accident-free, family plan, and defensive driving.
- GEICO has discounts for anti-theft, good student, multi-vehicle, five-year accident-free, multi-policy, and anti-lock brakes.
- AAA offers premium reductions for pay-in-full, good driver, AAA membership discount, education and occupation, anti-theft, and good student.
The example below shows the comparison of car insurance rates with and without discounts being applied to the rates. The data assumes a male driver, no claims, a clean driving record, Michigan state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with defensive driving course, multiple vehicle, marriage, passive restraint, claim-free, and anti-theft discounts applied. When these discounts are applied, the average savings per year on car insurance for felons is 28% or $808.
Why are you paying too much for Detroit car insurance?
Detroit car insurance rates are influenced by many factors that will increase or decrease the cost of a policy. Simply having a birthday, getting divorced, or getting a DUI may prompt premium changes that may make certain companies cheaper than others.
Also, car insurance companies modify rates as often as every quarter to reflect underwriting profits or losses. A period of increased losses can result in rate hikes, while a lower level of claims can cause lower-priced Detroit car insurance rates.
The data below shows the cheapest car insurance in Detroit, MI for a 35-year-old male driver with no accidents or violations, and solid credit. If we estimate prices based on his current situation, USAA may offer the best car insurance rates in Detroit at $2,256 annually. This is $137 less than the average price paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and MEEMIC are the remaining most affordable Detroit, MI auto insurance companies.
The next chart shows rates after we give the driver from the first example a chargeable claim, a lower credit rating, and a few traffic violations. Due to the fact that each insurance company uses their own method to determine rates, comparing quotes could now result in a different list of the cheapest Detroit car insurance companies as shown below.
GEICO now has the best car insurance rate in Detroit with Pioneer State Mutual, Safeco, USAA, and Auto-Owners also being competitive. This illustrates why it is crucial to shop around when trying to find the most economical auto insurance quotes for felons.
Insurance rates are influenced by many factors and can increase or decrease at any time, so the cheapest company a year ago may now be costing you a lot of money.