How Much is Auto Insurance for Drivers with Good Credit in Detroit?

It would sure make life easier if we could simply give you the name of the one company that has the best insurance prices in Michigan. It’s just not that simple, as there are a ton of unknowns such as the type of vehicle you drive, if you are a good driver, whether you are single or married, and what deductibles you want to use, that all impact the cost of coverage. We are going to cover these things and will give you a solid foundation to find cheaper car insurance in Michigan.

One of the many things that are used to help calculate the amount you pay for auto insurance is where your residence is. Areas with high crime rates or more dense population will most likely have higher rates, whereas less populated areas benefit from lower rates.

The following table rates the highest-priced places in Michigan for drivers with good credit to purchase a policy in. Detroit shows up at #1 with an annual cost of $4,813 for the average insured, which is about $401 per month.

How much is auto insurance in Detroit, MI?
Rank City Annual Premium
1 Detroit $4,813
2 Dearborn $4,082
3 Southfield $3,980
4 Pontiac $3,675
5 Warren $3,390
6 Flint $3,371
7 Dearborn Heights $3,239
8 Taylor $3,178
9 Sterling Heights $3,044
10 Westland $2,908
11 St. Clair Shores $2,819
12 Farmington Hills $2,758
13 Livonia $2,714
14 Saginaw $2,583
15 Rochester Hills $2,567
16 Royal Oak $2,537
17 Troy $2,536
18 Novi $2,464
19 Battle Creek $2,426
20 Lansing $2,367
21 Kalamazoo $2,259
22 Wyoming $2,216
23 Grand Rapids $2,208
24 Kentwood $2,206
25 Ann Arbor $2,128
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Rate quotes are comparative as specific location information can revise auto insurance rates significantly.

Establishing which companies have the cheapest auto insurance rates for drivers with good credit may require a bit more effort than just comparing rates from one or two companies. Each auto insurer has a different process to determine rates, so we will examine the auto insurance companies with the overall best prices in Detroit, MI.

Best Car Insurance Prices for High Credit

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Cheapest Michigan auto insurance companies
Rank Company Cost Per Year
1 USAA $978
2 GEICO $1,033
3 Safeco $1,047
4 MetLife $1,364
5 Chubb $1,372
6 MEEMIC $1,408
7 Pioneer State Mutual $1,474
8 Auto-Owners $1,636
9 Hastings Mutual $1,643
10 Frankenmuth $1,696
11 SECURA $1,796
12 Progressive $1,904
13 Wolverine Mutual $2,191
14 Allied $2,263
15 Grange Mutual $2,276
16 Allmerica $2,362
17 Hanover $2,376
18 Auto Club Group $2,464
19 Nationwide $2,516
20 Farm Bureau $2,573
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USAA generally has some of the best car insurance rates in Detroit at around $978 per year. GEICO, Safeco, MetLife, and Chubb would also be considered some of the best Detroit, MI auto insurance companies.

In this example, if you currently have coverage with GEICO and switched to USAA, you may realize yearly savings of roughly $55. Policyholders with Safeco might save as much as $69 a year, and MetLife policyholders might realize rate reductions of up to $386 a year.

To get a fast rate comparison, click here to begin a quote or click several companies below for low rates.

Remember that these rates are averaged across all drivers and vehicles and do not factor in a specific zip code for drivers with good credit. So the auto insurance company that has the cheapest rates for you may not even be in the top 30 companies in the list above. That’s why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

The make and model of vehicle requiring coverage is one of the biggest factors that determines whether or not you find the best cheap insurance for drivers with good credit. Vehicles with higher performance, a lack of safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models. The next list estimates coverage rates for a handful of the more affordable vehicles to buy insurance for.

Cheapest Vehicles to Insure in Detroit, MI
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $4,577
Jeep Wrangler Sport Islander Package 4WD 2-Dr $4,923
Toyota Prius $4,951
Ford F-150 XLT Super Cab 2WD $5,023
Honda Accord LX 4-Dr Sedan $5,124
Toyota RAV4 Limited 4WD $5,297
Ford Escape XLT 2WD $5,484
Hyundai Elantra SE Touring Station Wagon $5,556
Ford Fusion SE 4-Dr Sedan $5,677
Nissan Rogue S 2WD $5,686
Hyundai Sonata GLS 4-Dr Sedan $5,677
Jeep Grand Cherokee SRT-8 4WD $5,686
Ford F-250 XL Harley Edition 2WD $6,056
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in specific location information which can influence auto insurance rates significantly.

Looking at the numbers, we can conclude that makes and models like the Honda CR-V, Jeep Wrangler, Toyota Prius, Ford F-150, and Honda Accord are likely to be some of the cheapest vehicles to insure for financially responsible drivers.

The information below highlights how deductible selection can affect insurance premiums when quoting cheap insurance for drivers with good credit. The information is based on a married male driver, full coverage, and no discounts are factored in.

The data above shows that a 40-year-old driver could lower their car insurance rates by $574 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $870 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old category, can cut up to $1,922 or more by using higher deductibles when buying full coverage.

When insureds make the decision to increase the deductibles on their policy, it is essential to have enough savings to be able to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Buying coverage from a high-quality insurance company can be rather challenging considering how many choices drivers have in Detroit. The ranking data listed below may help you choose which providers you want to consider putting your business with. The ratings below are only made up of companies that insure vehicles across America, so companies that have a smaller presence are not included in these rankings.

Top 15 Auto Insurance Companies for Drivers with Good Credit in Michigan
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Best Car Insurance Companies

The importance of shopping around

Detroit, MI auto insurance rates are impacted by many factors that will increase or decrease the price you have to pay. Improving your credit rating, marrying your spouse, or getting a reckless driving citation can trigger changes in premium that can make some companies more affordable than others.

Additionally, insurance companies amend pricing without warning to adjust for unexpected claims or profits. Significantly higher claims can cause high rates, while lower claim levels may produce cheaper Detroit car insurance rates.

To help illustrate this point, the chart below shows which company has the cheapest car insurance in Detroit, MI for a 35-year-old male driver with no prior claims, no tickets, and excellent credit. When comparing rates based on his current situation, USAA has the cheapest car insurance rates in Detroit at $2,348 a year. This is $45 less than the average price paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb round out the rest of the best Detroit, MI auto insurance companies.

In this example, we will give the driver from above an accident claim, slightly worse credit, and a stop sign violation. Due to the fact that every insurance company has a unique approach for setting rates, analyzing rate quotes may now present a new list of the cheapest companies as shown below.

GEICO now has the lowest price on auto insurance in Detroit with Safeco, MEEMIC, Hastings Mutual, and USAA completing the list. This example shows why consumers need to take the time to compare lots of rates to find the lowest insurance rates for drivers with good credit. Rates are impacted by many things and can increase or decrease at any time, so the most economical option six months ago may now be quite expensive.

Tips to find the cheapest auto insurance for drivers with good credit

It’s not impossible to find cheaper rates, and here are some of the recommended money-saving ideas that can help Michigan drivers find cheap car insurance.

The last item on the list is remarkably crucial, as we discussed in this piece. Prices charged by auto insurers in Detroit fluctuate constantly, so don’t hesitate to change to a new company if a cheaper rate is available.

Loyalty to a specific company is fine, but is isn’t recommended if that inflexibility results in costing you a lot of money. Take a couple minutes and compare prices and find cheaper car insurance for drivers with good credit.