A recent car insurance study revealed that the vast majority of consumers have bought car insurance from the same company for four years or more, and just short of a majority have never compared quotes from other companies. Many consumers in Michigan can save hundreds of dollars each year just by shopping around, but they think it’s difficult to find affordable rates by getting comparison quotes.
Really, the only way to get low-cost auto insurance rates in Detroit is to compare prices annually from different companies who provide auto insurance in Michigan.
Step 1: Read and learn about coverages and the measures you can take to prevent expensive coverage. Many risk factors that increase rates such as accidents, traffic tickets, and a less-than-favorable credit history can be improved by making minor driving habit or lifestyle changes. Later in this article we will cover tips to prevent expensive rate increases and find overlooked discounts.
Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Allstate, while independent agents can quote prices for many different companies.
Step 3: Compare the new quotes to your existing rates and determine if cheaper Accent coverage is available in Detroit. If you find better rates and switch companies, ensure there is no coverage lapse between policies.
Step 4: Tell your current company to cancel your current car insurance policy and submit the completed application along with a down payment for your new policy. As soon as you have the new policy, place your new certificate verifying coverage in your glove compartment.
One thing to point out is to use the same physical damage deductibles and liability limits on each quote request and and to get quotes from every insurance company. Doing this helps ensure an accurate price comparison and a complete price analysis.
First Step: Get free Hyundai Accent insurance quotes
Just remember that more quotes helps locate the best rates. Some regional insurers cannot provide Detroit Accent insurance quotes online, so it’s important to compare prices from those companies as well.
The companies in the list below are our best choices to provide price comparisons in Michigan. If you wish to find the cheapest car insurance in Michigan, we recommend you visit as many as you can to find the most competitive auto insurance rates.
Don’t overlook these Hyundai Accent insurance discounts
Companies that sell car insurance don’t always list every discount in an easy-to-find place, so the next list breaks down a few of the more well known as well as the least known discounts that you can inquire about if you buy Detroit car insurance online.
- Payment Method – By paying your policy upfront rather than paying monthly you may reduce your total bill.
- Driving Data Discount – Drivers who elect to allow their insurance company to scrutinize driving patterns by installing a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they exhibit good driving behavior.
- Driver Safety – Completing a defensive driving course could save 5% or more and easily pay for the cost of the class.
- Paper-free Discount – A handful of larger companies will discount your bill up to fifty bucks for signing up digitally online.
- Driver Education Discount – Reduce the cost of insurance for teen drivers by having them take driver’s ed class as it will make them better drivers and lower rates.
- Fewer Miles Equal More Savings – Fewer annual miles on your Hyundai could qualify for discounted rates on garaged vehicles.
- Federal Employees – Federal government employees could cut as much as 10% off with certain companies.
- Theft Deterrent Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen and qualify for as much as a 10% discount.
It’s important to note that some credits don’t apply to the entire policy premium. Most cut individual premiums such as physical damage coverage or medical payments. Just because you may think you can get free auto insurance, insurance companies wouldn’t stay in business.
The diagram below shows the comparison of Hyundai Accent auto insurance rates with and without policy discounts. The data is based on a female driver, no violations or accidents, Michigan state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, homeowner, multi-policy, and safe-driver discounts applied.
Some of the insurance companies that may have some of the discounts shown above are:
Check with every prospective company how you can save money. A few discounts might not be available to policyholders in Detroit. To see a list of auto insurance companies that offer the discounts shown above in Detroit, follow this link.
Analysis of coverages
The table below covers a range of prices for Hyundai Accent models. Having insight into how policy premiums are calculated is important for drivers to make smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$340||$724||$616||$36||$184||$1,900||$158|
|Accent GS 2-Dr Hatchback||$400||$882||$616||$36||$184||$2,118||$177|
|Accent GLS 4-Dr Sedan||$400||$1038||$820||$48||$246||$2,552||$213|
|Accent SE 2-Dr Hatchback||$458||$1196||$616||$36||$184||$2,490||$208|
|Get Your Own Custom Quote Go|
Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Premium costs do not factor in specific location which can raise or lower premiums significantly.
Save Money with These Tips
Many factors are part of the equation when pricing auto insurance. A few of the factors are predictable like your driving record, but some are less apparent such as your marital status or your financial responsibility. It’s important that you understand some of the things that go into determining the price you pay for insurance. When consumers understand what positively or negatively impacts your premiums, this enables informed choices that may reward you with big savings.
Shown below are a few of the things companies use to determine rates.
File policy claims and pay more – Insurance companies in Michigan provide most affordable rates to people who only file infrequent claims. If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Auto insurance is intended for the large, substantial claims.
Is your vehicle built for speed? – The performance level of the vehicle you need to insure makes a substantial difference in determining your rates. Economy passenger models generally receive the lowest base rates, but the cost you end up paying is determined by many additional factors.
The following data assumes a single female driver age 50, full coverage with $500 deductibles, and no discounts or violations. The chart compares Hyundai Accent car insurance rates compared to other models of vehicles that have different performance risks.
Women tend to cost less – Statistics demonstrate women are more cautious behind the wheel. Now that doesn’t mean females are better at driving than males. Both sexes tend to get into at-fault accidents in similar percentages, but guys cause more damage. Men also tend to receive more costly citations such as driving while intoxicated (DWI) or driving recklessly. Male teenagers generally have the highest accident percentage so it costs more to insure them.
The illustration below visualizes the comparison of Hyundai Accent car insurance rates for male and female drivers. Data assumes no violations or accidents, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no additional discounts are factored in.
Know your credit history – Having a bad credit rating factor in your rate calculation. Drivers with excellent credit tend to be more responsible and file fewer claims than drivers who have lower credit ratings. If your credit score is low, you could potentially save money when insuring your Hyundai Accent if you clean up your credit.
Lower premiums for safer vehicles – Cars with five star safety ratings tend to have lower insurance rates. Vehicles built for safety result in less severe injuries and any reduction in injury severity means less claims paid which can mean better rates for you. If your Hyundai Accent has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
Marriage brings a discount – Your spouse actually saves money when shopping for insurance. It demonstrates that you tend to be more stable financially and it’s proven that married drivers tend to file fewer claims.
Raise your coverage deductibles for better rates – Comprehensive and collision coverage deductibles define the amount you are required to pay if a covered claim is submitted. Protection for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply would be a windshield broken by a bird, animal collisions, and damage caused by road hazards. The more money you have to pay, the better rate you will receive.
Hyundai Accent claim probability – Insurance companies study historical loss data to help set a rate to offset losses. Vehicles that are shown to have higher prevalence or dollar amount of losses will be charged more to insure. The table below illustrates the compiled insurance loss statistics for Hyundai Accent vehicles.
For each policy coverage, the loss probability for all vehicles averaged together equals 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while values over 100 indicate frequent claims or statistically larger claims.
|Specific Hyundai Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local Detroit car insurance agents
Many drivers just prefer to sit down and talk to an agent. A good thing about price shopping on the web is that you can obtain cheap rate quotes and also buy local.
To make it easy to find an agent, after completing this quick form, your insurance data is submitted to local insurance agents who can give free rate quotes for your insurance coverage. You don’t have to even leave your home due to the fact that quote results will go instantly to you. You’ll get the best rates and work with a local agent. If you want to quote rates for a specific company, you would need to jump over to their website and fill out their quote form.
Selecting an provider needs to be determined by more than just the bottom line cost. Here are some questions you might want to ask.
- Will they take your side in the event of a claim?
- Are they giving you every discount you deserve?
- Are they primarily personal or commercial lines agents in Detroit?
- Which family members are covered?
- Does the company use OEM repair parts?
- Do they see any coverage gaps in your plan?
- Do they get extra compensation for selling add-on coverages?
The difference between Detroit auto insurance agents
If you’re trying to find an insurance agent, there are a couple of different types of agencies and how they can quote your rates. Insurance agents in Detroit can be categorized as either exclusive or independent (non-exclusive).
Exclusive Insurance Agents
Agents that choose to be exclusive generally can only insure with one company and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to shop your coverage around so always compare other rates. Exclusive agents are very knowledgeable in insurance sales which aids in selling service over price. Consumers sometimes use the same agent partially due to the brand name and the convenience of having all coverages with one company.
Shown below is a list of exclusive agents in Detroit who can help you get price quotes.
- Michelle Sims – State Farm Insurance Agent
24970 W Outer Dr – Lincoln Park, MI 48146 – (313) 928-1348 – View Map
- Jim Saucedo – State Farm Insurance Agent
5602 Vernor Hwy – Detroit, MI 48209 – (313) 841-8100 – View Map
- Allstate Insurance: Ago Benavides
3570 W Vernor Hwy – Detroit, MI 48216 – (313) 849-2000 – View Map
Independent Insurance Agents
Agents that elect to be independent are appointed with more than one company so they have the ability to put coverage amongst many companies and find you the best rates. If prices rise, they can switch companies in-house and you stay with the same agent. If you are comparing rate quotes, you definitely need to get rate quotes from a few independent agents for maximum quote selection. Most also write with smaller companies which may have better rates.
Below is a short list of independent agencies in Detroit that can give you price quote information.
- L.A. Insurance
17516 Livernois Ave – Detroit, MI 48221 – (313) 863-6000 – View Map
- Diebold Detroit Insurance Agency
1420 Broadway St #101 – Detroit, MI 48226 – (313) 964-3750 – View Map
- Midwest Underwriters Insurance
19640 Harper Ave – Grosse Pointe Woods, MI 48236 – (313) 884-8600 – View Map
When in doubt talk to an agent
When selecting proper insurance coverage, there really is no one-size-fits-all type of policy. Your situation is unique.
For example, these questions can aid in determining if you may require specific advice.
- Is my state a no-fault state?
- Will I lose any money if I cancel my policy before it expires?
- Should I bundle my homeowners policy with my auto?
- When do I need to add a new car to my policy?
- What is the rate difference between pleasure use and commuting?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Is my camper covered for physical damage?
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form.
Quote often and quote early
When shopping online for insurance, you should never buy poor coverage just to save money. In many instances, consumers will sacrifice liability limits or collision coverage and found out when filing a claim that the savings was not a smart move. The aim is to buy the best coverage you can find for the lowest price, but do not skimp to save money.
More affordable insurance in Detroit can be found online and from local insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance companies may not offer internet price quotes and most of the time these smaller providers only sell coverage through independent agents.
Consumers who switch companies do it for any number of reasons including being labeled a high risk driver, not issuing a premium refund, policy cancellation or even denial of a claim. Whatever your reason, finding a great new company can be pretty painless.
Even more information can be read in the articles below:
- Safety Belts FAQ (iihs.org)
- Who Has Cheap Car Insurance Rates for a Subaru Forester in Detroit? (FAQ)
- Who Has Affordable Auto Insurance for Drivers with a DUI in Detroit? (FAQ)
- Who Has Affordable Detroit Car Insurance Rates for a Toyota Highlander? (FAQ)
- What Insurance is Cheapest for 19 Year Olds in Detroit? (FAQ)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Think You’re a Safe Driver? (State Farm)