I’m sure you’ve seen the catchy commercials from companies like Allstate and Liberty Mutual that make promises of dirt cheap rates, so drivers just need to pick the company with the best ad, right?
That is not the case, however, as there are a ton of unknowns such as if you need full coverage or liability-only, how many years you have been driving, your credit rating, and if you are currently insured. We will try to teach you about these factors and others that can influence the price of auto insurance and also should give you a jump start in finding the best auto insurance in Detroit.
The vehicle on the policy is probably the largest consideration when comparing the best insurance for uninsured drivers. Vehicles with lots of horsepower, poor safety features, or a track record of large liability claims will cost quite a bit more to insure than safer models.
The next table presents insurance prices for the most budget-friendly automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$4,482|
|Ford Explorer XLT AWD||$5,030|
|Honda CR-V LX 4WD||$5,131|
|Ford Escape Limited 2WD||$5,246|
|Toyota Camry LE||$5,303|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$5,404|
|Honda Odyssey EX-L W/Navigation||$5,582|
|Nissan Rogue S AWD||$5,683|
|Hyundai Sonata GLS 4-Dr Sedan||$5,689|
|Ford Edge SE AWD||$5,962|
|Dodge Grand Caravan CV||$6,154|
|Dodge Ram 2500 Crew Cab ST 4WD||$6,163|
|Toyota Corolla LE||$6,394|
|Chevrolet Malibu LS||$6,500|
|Chevrolet Equinox LS 2WD||$6,505|
|Toyota RAV4 Sport 2WD||$6,500|
|GMC Sierra SL Crew Cab 2WD||$6,509|
|Ford F-150 Lariat Super Cab 4WD||$6,629|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$6,692|
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in specific location which can raise or lower price quotes substantially.
Based upon these rates, models like the Hyundai Elantra, Ford Explorer, Honda CR-V, and Ford Escape are most likely going to be some of the most budget-friendly vehicles to insure for drivers with no prior coverage.
Locating low-priced car insurance is challenging, and determining which companies offer the cheapest car insurance rates for uninsured drivers takes more quotes for comparison. Each company has a different formula for setting rates, so let’s rank the lowest cost car insurance companies in Detroit, MI.
We do need to point out that Detroit, MI car insurance rates are influenced by many factors which can substantially change the cost of coverage. Improving your credit score, buying another vehicle, or getting a couple of tickets can produce rate changes resulting in some rates now being cheaper than before.
Compare Cheap Insurance Quotes in Michigan
USAA may have some of the best car insurance rates in Detroit at around $987 a year. This is $1,406 less than the average policy premium paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb are also some of the more affordable Detroit, MI car insurance companies.
As the example above demonstrates, if you currently have a policy with MetLife and switched to GEICO, you could see a yearly savings of about $317. Customers with Chubb could save as much as $395 a year, and MEEMIC policyholders might lower prices by up to $403 a year.
To compare your rates to other Michigan insurance companies, click here or quote rates from the companies below.
Understand that those prices are averaged for all insureds and vehicles and do not factor in a specific zip code for uninsured drivers. So the company that is best suited for you may not even be in the top 30 companies shown above. That’s why you need to quote rates from many companies using your own driver data and vehicle information.
The diagram below shows how choosing a deductible can raise or lower insurance costs when researching cheap insurance for uninsured drivers. The price estimates are based on a married female driver, comp and collision included, and no discounts are factored in.
The data above shows that a 50-year-old driver could pocket $562 a year by changing from a $100 deductible up to a $500 deductible, or save $852 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, could shave as much as $1,402 every year just by choosing larger deductibles. When raising deductibles, it’s a good idea to have spare funds to be able to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Discount Detroit car insurance
Insurers that provide policies for uninsured drivers may also provide policy discounts that can reduce rates by as much as 30% if you meet eligibility requirements. A list of car insurance companies and some of the premium reductions they offer are shown below.
- GEICO offers discounts including daytime running lights, five-year accident-free, membership and employees, driver training, and multi-vehicle.
- MetLife includes discounts for good student, accident-free, multi-policy, claim-free, defensive driver, good driver
- State Farm has discounts for Drive Safe & Save, safe vehicle, driver’s education, defensive driving training, good driver, and multiple policy.
- Progressive may include discounts for online signing, continuous coverage, online quote discount, good student, and multi-vehicle.
- Mercury Insurance may have discounts that include type of vehicle, multi-car, age of vehicle, professional/association, low natural disaster claims, location of vehicle, and good driver.
- 21st Century may offer discounts for defensive driver, theft prevention, student driver, automatic seat belts, homeowners, and good student.
- Allstate has savings for economy car, eSmart discount, senior citizen, FullPay discount, auto/life discount, defensive driver, and 55 and retired.
The diagram below visualizes the comparison of insurance prices with and without discounts. The data is based on a female driver, no claims or driving citations, Michigan state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with defensive driving course, safe-driver, multiple vehicle, accident-free, vehicle safety, and marriage discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for uninsured drivers is 28% or $771.
Do you need full coverage?
Reducing premiums for car insurance is important to the majority of drivers, and an effective way to lower the cost of insurance for uninsured drivers is to only pay for liability coverage. The information below shows the comparison of car insurance rates with full physical damage coverage and with liability coverage only. The data is based on no accidents or driving violations, $1,000 deductibles, single status, and no discounts are applied to the premium.
If averaged out across all ages, full coverage costs an additional $2,877 per year over having just liability coverage. Lot’s of drivers question when is it safe to stop buying full coverage. There isn’t a steadfast formula to drop physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
There are some scenarios where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
The professional agents shown below can most likely help you make a decision which coverages are best, since many people would rather have a little guidance when comparing insurance rates for uninsured drivers. It can be difficult to find the cheapest rates, and a professional agent can add comfort knowing your coverage gives you adequate coverage if you have an accident or claim.
To locate a Detroit insurance agent nearest to you, click the button following the list or click here to compare prices now.
Look Insurance Detroit Southwest Agency
6724 Michigan Ave – Detroit, MI 48210 – (313) 899-3194
C B Irwin Insurance
2357 W Grand Blvd – Detroit, MI 48208 – (313) 894-2144
Detroit Insurance and Services
7752 Vernor Hwy – Detroit, MI 48209 – (313) 843-2730
Kenya Wells – State Farm Insurance Agent
20021 Kelly Rd – Detroit, MI 48225 – (313) 822-5948
Kim-One Insurance Agency
11000 W McNichols Rd – Detroit, MI 48221 – (313) 397-4198
How to find cheaper car insurance for uninsured drivers
Here are many penny-pinching ideas that can help Detroit drivers quote low-cost coverage.
- Pay lower rates with good credit
- Choose a safer vehicle and pay lower rates
- Avoid having at-fault accidents
- Increase your deductibles
- Do not insure for full coverage
- Violations and traffic tickets increase rates
- Shop around for cheaper prices
The last item on the list is remarkably valuable, as we hit on in the article above. Coverage prices in Detroit can be changed at any time, so don’t be unwilling to switch companies if you find a cheaper price. Brand loyalty is great, but it’s not a great idea if that dedication is costing money that could be used for better things. If you have a few minutes, compare rates to find cheaper auto insurance for uninsured drivers.