Finding insurance for your vehicle in Michigan is as easy as 1, 2, 3 when you come to Online Auto Insurance. Not only can we provide tutorials and other information regarding car insurance, but we can also direct drivers on where to find the cheapest policies in the state.
Compare Quotes Online
It’s fast and easy, so what more could a driver need? Our quote comparison tool is great when it comes to drivers finding a cheaper premium for the coverage they want. There is little that needs to be done by the driver; they are only required to fill out a short questionnaire one time, then they will be given a list of estimated quotes for the coverage they chose. These quotes are offered by local companies who want to provide coverage for that driver. The process can start when the applicant enters in their zip code in the box at the top of almost every page of OnlineAutoInsurance.com or at the center of the homepage. After the zip code has been entered, a new page will open that contains a list of questions. These questions, in addition to a few more on the next couple pages, ask for information concerning the driver, vehicle, and finally the kind of coverage that is wanted by the MI driver.
Knowledge about the driver, vehicle and wanted coverage help the insurance company know more about who and what they are providing coverage to. All of the information is categorized into a risk level, which will determine the premium charges or quotes given to the driver. What is the risk level, you might wonder? This level of risk is the insurer’s thoughts on how likely it is that this particular driver will need to file a claim and the range of estimated costs it will be to repair the insured vehicle. A driver who presents a high level of risk is one that is inexperienced or young in age or someone who has had a few (or many) traffic tickets or accidents in recent years. A vehicle that may be expensive to insure is one that has a very high to high cash value and increase the level of risk.
The type and amount of coverage that is purchased in Michigan will also factor into the final amount that is charged for the policy. There are a few coverage types and amounts that need to be purchased by every driver by law, which can be read more about below. Past those requirements, drivers may choose what additional coverage types and amounts they want to add to their policy, according to their budget and needs. Adding more coverage will increase the cost of the policy, but long term this may be more beneficial to the driver to have extra coverage.
When the questions have been submitted, the applicant will then be given the list of quotes which they can use to compare one to another or with their current policy. Drivers can also look into the different companies that are offering the prices. If chosen to do so, a policy may be purchased from this list directly online with a credit card, but there is no obligation. This one of the easiest ways to collect quotes, especially when compared with the alternative of contacting each insurer individually.
MI State Requirements
To legally drive on public roads in the state of Michigan, all drivers must not just have a driver’s license, but they should also be equipped with proper auto insurance. The state law says that drivers must have $20,000 in Bodily Injury Liability per person and $40,000 per accident, and $10,000 in Property Damage per accident. There is also a requirement for Personal Injury Protection for medical and work loss, as well as Property Protection Insurance in the amount of $1 million. Each of these coverage types offer protection against the driver and will help pay for mistakes the driver or policyholder may make in the future.
Bodily Injury Liability and Property Damage on the policy will only apply towards the other party that was injured or damaged, not the policyholder. Some drivers become confused thinking these will also apply to them as the policyholder, but they will not. They are a liability coverage that is specifically geared towards paying for the mistakes the policyholder makes. If the policyholder is also injured or has damaged property in the accident they caused, they will need additional coverage on their policy specifically for these things.
Discounted Policies
Having these coverage types in a policy may become pricy for some policyholders and adding any more coverage to boost their protection will only cause the premium to increase. Most people want to save money where they can but don’t feel it right to decrease their coverage amount. This is when Michigan residents should take advantage of discounts that are offered by local insurers. Just about every single auto insurance provider offers ways for drivers to decrease their premium amount through earning discounts. All discounts can be thought of as being earned because they are not just handed out to anyone. Drivers must meet prerequisites that prove they are responsible.
The list of discounts varies from provider to provider, but many offer quite a few. The more popular ones include the good student discount, the good driver discount, senior citizen discount, and discounts offered for taking and completing a defensive driving or other safety type class offered by the insurer. All of these discounts offer a percentage off type discount and can sometimes be combined.
Auto Insurance in Michigan is relatively simple to understand and easy to find and becomes even that much easier with the help of Online Auto Insurance. Through our quote comparison tool and vast array of articles, we strive to help drivers of Michigan grasp a better knowledge about insuring their vehicle. There are ways to save money and explanations of different types of insurance coverage found on our site. These are great features that are free to all drivers and can be used as many times as necessary to serve the public.
