Figuring out which company has the best auto insurance rates for good drivers requires a little more work in order to find the best policy. Each insurer uses a little different formula to determine premium rates, so to begin we’ll rank the most budget-friendly auto insurance companies in Michigan.
Best Insurance Companies for Good Drivers
|Rank||Company||Cost Per Year|
|7||Pioneer State Mutual||$1,430|
|18||Auto Club Group||$2,489|
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USAA quotes some of the most affordable car insurance rates in Detroit at around $978 each year. GEICO, Safeco, MetLife, and Chubb would also make the list of some of the more affordable Detroit, MI insurance companies.
As illustrated above, if you currently buy coverage from GEICO and switched to USAA, you could realize annual savings of in the vicinity of $55. Policyholders with Safeco may save as much as $91 a year, and MetLife policyholders might lower prices by up to $386 a year.
Understand that those policy prices are averages across all ages of drivers and types of vehicles and do not factor in an exact zip code location for good drivers. So the insurer that fits you best may not even be in the list above. That affirms the importance of why you need to get car insurance quotes using your own driver data and vehicle information.
One of the more important things that aid in calculating the amount you pay each year for auto insurance is where your residence is. Areas with more people or higher crime rates will most likely pay more, whereas areas with less crime or weather claims benefit from lower prices.
The illustration below lists the most expensive places in Michigan for good drivers to buy auto insurance in. Detroit makes the list at #1 with an annual cost of $5,009 for the average policyholder, which is about $417 each month.
|11||St. Clair Shores||$2,792|
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Table data uses approximated as specific location information can revise auto insurance rates significantly.
The type of vehicle on the policy is one of the largest considerations when trying to find the best insurance for good drivers. Vehicles with economical engines, good safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than high performance models. The table below showcases insurance rates for a number of the most cost-effective automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$4,638|
|Chevrolet Impala LS||$4,702|
|Ford Edge SE AWD||$4,712|
|Ford Escape Limited 2WD||$4,743|
|Jeep Grand Cherokee Laredo 2WD||$4,793|
|Toyota Tacoma Double Cab 4WD||$4,800|
|Chevrolet Malibu LT||$4,885|
|Nissan Rogue S AWD||$5,145|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$5,228|
|Ford F-150 STX Super Cab 2WD||$5,447|
|GMC Sierra Denali Crew Cab 2WD||$5,479|
|Jeep Wrangler Rubicon 4WD 2-Dr||$5,566|
|Ford Explorer Eddie Bauer 2WD||$5,572|
|Ford Focus SES 4-Dr Sedan||$5,675|
|Ford F-250 XL Super Cab Harley Edition 2WD||$5,739|
|Dodge Ram 2500 Crew Cab Laramie 2WD||$5,747|
|GMC Sierra 2500HD SLE Crew Cab 2WD||$5,739|
|Hyundai Elantra GLS 4-Dr Sedan||$5,780|
|Honda Odyssey EX-L W/Rear Entertainment||$5,790|
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Prices do not factor in specific location which can lower or raise premiums substantially.
By looking at the data, we can conclude that vehicles like the Honda CR-V, Chevrolet Impala, and Ford Edge are most likely going to be some of the most economical vehicles to insure for safe drivers.
Best auto insurance in Detroit
Picking a good quality insurance company can be a challenge considering how many companies sell coverage in Detroit. The company ratings shown below may help you pick which coverage providers to look at when shopping insurance around for good drivers.
These ratings are only made up of the companies with a significant amount of written premium nationwide, so companies without a large exposure are not included in these rankings. To get rate quotes and find cheaper insurance for good drivers, click here.
Top 10 Large Auto Insurance Companies in Detroit Ranked by Claims Service
- Liberty Mutual
- State Farm
- The Hartford
- 21st Century
- Farmers Insurance
Top 10 Large Auto Insurance Companies in Detroit Ranked by Customer Service
- The Hartford
- American Family
- State Farm
- Farmers Insurance
- Safeco Insurance
- Liberty Mutual
The information below shows how choosing a deductible can influence insurance prices when searching for cheap insurance for good drivers. Data assumes a married male driver, full coverage, and no other discounts are factored in.
As shown above, a 30-year-old driver could pocket $636 a year by switching from a $100 deductible to a $500 deductible, or save $964 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old, could save up to $1,922 or more just by choosing larger deductibles.
When raising deductibles, it will be required to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
A good deal can quickly turn bad
Detroit, MI auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of your policy. Turning one year older, moving to a new city, or getting a DUI can trigger rate changes resulting in some rates now being cheaper than competitors. Additionally, companies modify rates every year or even multiple times each year to help ensure profitability. Significantly higher losses can result in increased rates, while a better claims history can cause more affordable Detroit car insurance rates.
The bar chart below shows a variety of companies that have the cheapest car insurance in Detroit, MI for a 45-year-old female driver with a good driving record, no prior claims, and great credit. If we compare prices based on her current risk profile, USAA quotes the best car insurance rates in Detroit at $2,190 a year. This is $203 less than the average policy premium paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb are the rest of the best Detroit, MI auto insurance companies.
The next chart shows rates after we give the driver in the first example an accident surcharge, a lower credit score, and a traffic citation. Due to the fact that each insurance company uses their own method to determine rates, comparing quotes may result in a new list of affordable Detroit car insurance companies as shown below.
GEICO now has the lowest car insurance rate in Detroit, MI with Pioneer State Mutual, Safeco, USAA, and Hastings Mutual also having competitive pricing. This illustrates why consumers need to take the time to compare rates to get the best auto insurance quotes for good drivers.
Rates are determined by many things and change substantially, so the best company the last time you shopped your coverage around may now be quite expensive.
If you prefer to have a little guidance when shopping around for cheaper insurance for safe drivers, the agents below are a good start to aid you in deciding which car insurance policy is best.
To find an auto insurance agency nearest to you, click the link at the bottom or click here to compare price quotes.
- L.A. Insurance Agency 150
14701 Mack Ave – Detroit, MI 48215 – (313) 884-8888
- State Farm – Eric Huffman
3031 W Grand Blvd #568 – Detroit, MI 48202 – (313) 875-3172
- Advasure Insurance
13600 W 8 Mile Rd C – Detroit, MI 48205 – (313) 521-0300
- L.A. Insurance
17516 Livernois Ave – Detroit, MI 48221 – (313) 863-6000
View more Detroit, MI insurance agencies
How to find low-cost auto insurance for good drivers
The list below shows some of the recommended money-saving suggestions that can help you find cheap auto insurance.
- Try to remain claim-free
- Be a safe driver
- Accident-free drivers may qualify for discounts
- If your vehicles are older, consider dropping full coverage
- Raise your deductibles
- Shop around and save
That final tip is certainly significant, as we pointed out in this piece. Prices can change significantly in a year, so drivers shouldn’t be resistant to buy a policy from a new company if a cheaper price is available.
Loyalty to a specific company is fine, but it’s not recommended if that faithfulness ends up costing you thousands of dollars over several years. Now is a great time to shop around and find cheaper car insurance for good drivers in Detroit.