It’s hard to miss the commercials from companies like Nationwide and Liberty Mutual promising the cheapest rates. So drivers should just choose the one with the best commercial, right?
Unfortunately, it’s not that simple as there are a lot of unknown elements such as your credit score, how many years you have been driving, if you are married or single, and what physical damage coverage deductibles you want. We know insurance is not everyone’s favorite topic, but in this article we will cover these types of topics and will hopefully give you some help in finding cheaper rates.
The type of vehicle that is being insured is a large factor when comparing the cheapest insurance for 4×4 vehicles. Vehicles with limited speed and performance, good crash test ratings, or a positive history of liability claims will cost much less to insure than higher performance models. The data below presents insurance rates for some of the most budget-friendly automobiles to insure in Michigan.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Volkswagen Jetta SE 2.5 Station Wagon||$4,923|
|Toyota Tacoma Double Cab 4WD||$4,993|
|Dodge Grand Caravan Crew||$5,086|
|Honda Civic LX-S 4-Dr Sedan||$5,151|
|Ford Escape XLT 2WD||$5,170|
|Honda CR-V LX 4WD||$5,175|
|Honda Accord EX-L 4-Dr Sedan||$5,240|
|Toyota Camry SE||$5,249|
|Hyundai Elantra SE 4-Dr Sedan||$5,255|
|Toyota Corolla XLE||$5,249|
|Chevrolet Silverado LS Regular Cab 4WD||$5,314|
|Chevrolet Equinox LTZ 2WD||$5,342|
|Kia Optima LX||$5,352|
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Above prices assume 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-policy, homeowner, safe-driver, and multi-vehicle. Information does not factor in zip code location which can increase or decrease rates significantly.
By looking at the data, you can conclude that makes and models like the Volkswagen Jetta, Toyota Tacoma, and Dodge Grand Caravan are a few of the cheapest vehicles to insure for off-road vehicles.
Finding reasonably-priced car insurance is difficult, and determining which company offers the most affordable auto insurance rates for 4×4 vehicles calls for even more perseverance. Each insurer uses their own calculation for determining rates, so let’s begin by taking a look at the auto insurance companies that tend to be cheaper in Detroit, MI.
It’s important that you understand Detroit auto insurance rates are influenced by many factors that control the price you pay for coverage. This price variability is why it is critical to compare as many rates as possible when trying to get cheap auto insurance rates for 4×4 vehicles. Prices are calculated by many different factors and change substantially, so the most economical company when you bought your policy may now be quite expensive.
Best Car Insurance Prices for 4×4’s
USAA generally has some of the most affordable car insurance rates in Detroit at around $958 a year. GEICO, Safeco, MetLife, and Chubb also rank well as some of the best Detroit, MI car insurance companies.
As shown in the rates above, if you are insured with MetLife and switched to USAA, you might achieve annual savings of roughly $366. Drivers with Chubb might save as much as $414 a year, and Pioneer State Mutual customers might reduce prices by as much as $472 a year.
To find the cheapest coverage for you, click here to start a quote or click through to the companies below.
Understand that those policy rates are averages across all drivers and vehicles and and are not figured with an exact vehicle garaging location for 4×4 vehicles. So the car insurance company that can offer you the best rate may not even be in the list above. That illustrates why you need to quote rates from many companies using your own driver information and specific vehicle type.
Selecting a good quality car insurance company can be difficult considering how many companies there are in Detroit. The rank data in the next section may help you decide which auto insurers you want to consider shopping your coverage with. The ratings below are only comprised of large, nationwide insurance companies, so companies that only write business in Michigan or surrounding areas will not be included in the list.
Top 10 Large Auto Insurance Providers in Detroit Ranked by A.M. Best Rating
- State Farm – A++
- USAA – A++
- GEICO – A++
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
- Esurance – A+
- Progressive – A+
- Safeco Insurance – A
- Liberty Mutual – A
Top 10 Large Auto Insurance Providers in Detroit Ranked by Customer Service
- The Hartford
- American Family
- State Farm
- Farmers Insurance
- Safeco Insurance
- Liberty Mutual
How to get discounts on Detroit auto insurance rates
Insurers that offer cheap quotes for 4×4 vehicles may additionally offer special discounts that could potentially reduce rates by 30% or more if you meet specific eligibility requirements. Companies and their offered discounts can be found below.
- Progressive offers discounts including online quote discount, homeowner, multi-vehicle, continuous coverage, good student, and multi-policy.
- AAA may include discounts for multi-policy, multi-car, education and occupation, pay-in-full, good driver, and AAA membership discount.
- Farmers Insurance offers premium reductions for homeowner, early shopping, good student, pay in full, and business and professional.
- GEICO has discounts for emergency military deployment, military active duty, air bags, seat belt use, and anti-lock brakes.
- Esurance offers discounts for defensive driver, claim free, multi-car, good driver, multi-policy, DriveSense, and online quote.
- SAFECO has savings for safe driver, teen safe driver, anti-theft, anti-lock brakes, multi-car, and accident prevention training.
- State Farm policyholders can earn discounts including defensive driving training, good student, passive restraint, anti-theft, multiple autos, safe vehicle, and driver’s education.
The information below visualizes the comparison of yearly insurance costs with and without discounts applied. The rate quotes are based on a female driver, no claims or violations, Michigan state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multiple policy, multiple vehicle, passive restraint, anti-theft, and defensive driving course discounts applied. When discounts are applied, theamount saved on auto insurance for 4×4 vehicles is 28% or $859.
Cost of full coverage in Detroit
Saving on auto insurance is important to most people, and one of the easiest ways to pay less for insurance for 4×4 vehicles is to only pay for liability coverage. The information below illustrates the comparison of auto insurance costs with full coverage and liability only. The costs are based on no accidents or driving violations, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
Averaged out for all age groups, physical damage coverage costs $2,877 per year over having just liability coverage. Lot’s of drivers question if full coverage is worth the money. There is no definitive guideline for dropping full coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your vehicle’s claim settlement value is $11,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $10,500 after the deductible is paid. If you are currently paying more than $1,050 annually for your policy with full coverage, then it may be the right time to buy liability only.
There are some cases where dropping physical damage coverage is not advised. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.