We already know, that Detroit and the whole Michigan state has the highest car insurance rates in the United States, perhaps worldwide. There is an article, which can help you find out more details about specific prices and why are auto insurance rates so high! The average monthly premium in Detroit is around $184, it is $2208 yearly! Stop! That's only one study. And again, this is based on liability coverage only! The other statistics are much more menacing. Some articles are saying, that Detroit has a high vehicle-theft rate, which has increased 5.8% in 2016. On the other hand, there are website with much different statistics. Michigan's auto theft rate is more than three times lower than what it was thirty years ago.
Important: Michigan's no-fault PPI insurance only pays for damages to properly parked vehicles. You should buy collision and comprehensive!
2016/2017 Detroit crime stats overview
According to initial year-end 2016 data generated by the Detroit Police Department, most categories of crime continued to decline in Detroit over the past 12 months. Explore safest Detroit neighborhoods, here is a table of crime rates in Detroit, Michigan. The sad fact is, Detroit is one of the most dangerous cities in America. You can be sure, that higher rates of theft and property crime mean "high risk area" for all insurance companies and therefore also higher insurance rates. You can learn more about how car insurance companies investigate accident claims in Michigan (Detroit) and other US locations.
High risk area = A high-risk driver = one who has a higher potential of filing a claim vs insurance company!
Who has the best car insurance rates in Michigan?
Another factors, which affect car insurance rates in Michigan
- Residential ZIP codes
- Credit scores (financial history)
- Crashes/congested roadways
- Lack of private health insurance
How much are you paying for car insurance in Detroit?
- Patrick M. McPharlin, Director
- (Midwest Zone)
- Department of Insurance and Financial Services
- PO Box 30220
- Lansing, Michigan 48909-7720
- Phone: 517.284-8800
- Fax: 517.284-8844
- Street Address:
- Mason Building, 8th Floor
- 530 W. Allegan Street
- Lansing, Michigan 48933
Department of InsuranceTo request professional legal assistance with an insurance question or file an insurance-related complaint online, please visit website of licensed in your State.
Ask for better quotes - onlineThe states with the cheapest car insurance has average rates for this vehicle around $840 dollars, and the states with the most expensive rates are around $6.160 a month/year. The right discount can save you hundreds of dollars off your car insurance bill. Auto insurance companies in Detroit, Michigan use rating factors, to determine how much to charge you for coverage. These rating factors include: the make, model and year of your Toyota, Hyundai, Ford, Bmw and similar vehicles.
Myths about car insuranceHow much do you pay to insure your Toyota, Hyundai, Ford, Bmw? Car insurance rates among states vary widely and insurance companies need to figure out if the applicant is too risky for them to insure. Auto insurance is very expensive, probably one of the most costly part of driving. How much do you pay for your policy in Detroit, Michigan? 2800$? More or less?
Minimum insurance requirements
The minimum amounts of BI/PD insurance you must carry in Michigan are:
- $20,000 for injuries or death to an individual.
- $40,000 for injures or death per accident to multiple people.
- $10,000 for property damage in another state.