The words “affordable” and “auto insurance” really don’t belong together, especially when searching for the cheapest coverage for government employees. Because it’s so expensive, let’s introduce you to some situations that can significantly affect insurance rates, and come up with some ideas to lower the cost of your next policy.
The vehicle you are seeking coverage for is one of the largest factors when shopping for the most affordable car insurance for government employees. Vehicles with lots of speed or power, a lack of safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer models. The next list estimates car insurance costs for a number of the most economical automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$4,464|
|Ford Escape XLS 4WD||$4,780|
|Ford Edge SE 2WD||$4,794|
|Chevrolet Silverado LT Extended Cab 4WD||$5,170|
|Chevrolet Impala LT||$5,177|
|Chevrolet Malibu LS||$5,170|
|Volkswagen Jetta S 2.5 Station Wagon||$5,203|
|Ford Explorer Eddie Bauer AWD||$5,265|
|Honda Accord EX-L 4-Dr Sedan||$5,326|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$5,332|
|Kia Optima LX||$5,538|
|Jeep Grand Cherokee SRT-8 4WD||$5,542|
|Chevrolet Equinox LTZ 2WD||$5,552|
|Ford Focus S 4-Dr Sedan||$5,547|
|Ford F-150 XL Regular Cab 4WD||$5,552|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$5,641|
|Dodge Ram Quad Cab ST 2WD||$5,745|
|Dodge Grand Caravan SXT||$5,773|
|Toyota RAV4 Limited 4WD||$5,820|
|Hyundai Elantra Blue 4-Dr Sedan||$5,858|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$5,952|
|Nissan Altima 2.5 S 4-Dr Sedan||$5,971|
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price information does not factor in specific Detroit, MI garaging location which can impact prices greatly.
Looking at the rates, you can assume that makes and models like the Honda CR-V, Ford Escape, Ford Edge, Chevrolet Silverado, and Chevrolet Impala are most likely going to be the cheapest vehicles to insure for state and federal workers.
For state and federal workers, one of the largest criteria that are looked at to determine the amount you pay each year for auto insurance is your zip code in Detroit. Areas with high crime rates or more dense population are more likely to pay higher prices, whereas areas with less people or fewer weather incidents benefit from lower prices.
The following table rates the most costly cities in Michigan for government employees to buy auto insurance in. Detroit shows up at #1 with the annual price of $4,960 for car insurance, which is approximately $413 per month.
|Rank||City||Premium Per Year|
|11||St. Clair Shores||$2,709|
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Rate quotes are comparative as specific Detroit zip code can increase or decrease coverage rates significantly.
The information below demonstrates how choosing different deductibles can increase or decrease insurance premiums when quoting cheap insurance for government employees. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
A 40-year-old driver could lower their car insurance rates by $470 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $714 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old example, could shave $1,172 every year by choosing larger deductibles on their policy. When raising deductibles, it will be required to have plenty of money set aside to be able to pay the extra out-of-pocket expense associated with higher deductibles.
Difference between full coverage and liability only rates
Buying cheaper insurance is important to most drivers, and one easy way to pay lower rates for insurance for government employees is to only buy liability coverage. The example below shows the difference between car insurance rates with and without full coverage. The costs are based on no claims or driving violations, $500 deductibles, single status, and no other discounts are factored in.
On average, physical damage coverage costs $3,231 per year more than just insuring for liability. That is a large expense which might make you wonder if it’s worth it to buy full coverage. There is no definitive formula to drop physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s assume your vehicle’s book value is $5,500 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $4,500 after the policy deductible has been paid. If you are currently paying more than $450 annually for full coverage, then you might consider buying liability only.
Why are you paying too much for car insurance?
Detroit, MI insurance rates are impacted by many things that can increase the price you have to pay for coverage. Simply turning a year older, buying a different home, or getting a speeding ticket can trigger price changes resulting in some companies being affordable when they were higher priced.
And not only may your rating factors change, but car insurance companies change the rates they charge in Michigan as often as every three months in order to protect their financial rating. An extended period of higher than normal claims may cause increased policy costs, while a better loss history may cause cheaper Detroit car insurance rates.
To illustrate this point, the chart below shows rates for the cheapest car insurance in Detroit, MI for a 35-year-old male driver with no prior claims, no tickets, and good financial standing. When quoting prices based on his personal profile, USAA has the most affordable car insurance rates in Detroit at $2,234 a year. This is $159 less than the average premium paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and MEEMIC are the rest of the top five cheapest Detroit, MI auto insurance companies.
Now let’s give the driver in the first example an accident surcharge, a lower credit rating, and a speeding citation. Since every car insurance company uses a different method for determining prices, comparing prices may now result in a significantly different list of affordable Detroit car insurance companies as shown below.
Pioneer State Mutual now has the best price on car insurance in Detroit, MI with GEICO, Safeco, USAA, and Auto-Owners completing the list. This example proves why it is critical to spend some time comparing rates to get the best car insurance quotes for government employees. Auto insurance prices consist of many things and can decrease or increase without notice, so the most economical company the last time you shopped around may now cost much more than other companies.
The Detroit auto insurance agencies shown below can answer your questions and help you decide which auto insurance policy fits you best, since some people have coverage questions and would like to get some professional input when shopping for cheaper insurance for state and federal workers. It can be time-consuming to find the cheapest rates, so professional agents can give you comfort knowing you have sufficient coverage for your assets. To find a Detroit insurance agency by location nearest to you, click the button after the list.
- Detroit L.A. Insurance
13545 W Seven Mile Rd – Detroit, MI 48235 – (313) 340-4444
- J Healan Baker Insurance
645 Griswold St # 2015 – Detroit, MI 48226 – (313) 963-0480
600 Renaissance Center # 2100 – Detroit, MI 48243 – (313) 393-6800
How to find low-cost car insurance for government employees
It’s not impossible to find cheaper rates, and here are many penny-pinching ideas that can help you find more affordable coverage.
- Maintain a safe distance and avoid accidents
- Do not get traffic citations
- Avoid filing excessive claims
- Safer vehicles generally have cheaper insurance rates
- Buy your homeowners policy from the same company as your auto insurance
- Compare rates regularly to ensure the best deal
The last idea is incredibly vital, as was noted in this write-up. Auto insurance prices in Detroit fluctuate constantly, so drivers shouldn’t be resistant to switch companies if a cheaper price is available.
Staying with the same company for years is fine, but is isn’t recommended if that dedication is costing lots of hard earned cash every month. Take a few minutes and compare prices to find cheaper insurance for government employees.