Leading Car Insurance Providers in Michigan
Michigan drivers face high auto insurance costs but can benefit from top providers like Auto-Owners, Allstate, and State Farm. These companies offer comprehensive coverage options, including special plans for rideshare drivers and added protection features, ensuring vehicle safety during severe winter conditions. Understanding the best insurers helps Michigan residents secure reliable coverage and safeguard against unpredictable road hazards.
Michigan residents face some of the highest auto insurance premiums in the country, with an average expenditure of around $1,364 annually, significantly above the national mean of approximately $1,009.
In Michigan, drivers are responsible for covering their medical expenses regardless of fault in an accident. Having comprehensive auto insurance is vital, especially given Michigan's harsh winter weather and road conditions. The state's frequent storms and potholes, notably a 2018 report highlighting a 32% rise in tire damage in Detroit, make robust coverage essential.
Minimum auto insurance requirements in Michigan include liability coverage of $20,000 per person and $40,000 per accident for bodily injury, along with property damage liability of $10,000. It’s important for drivers to select policies that meet or exceed these thresholds for adequate protection.
Here are the top auto insurers in Michigan:
Auto-Owners Insurance: Recognized as a top-tier provider in JD Power’s 2017 Auto Insurance Study, Auto-Owners boasts an A++ financial stability rating. They offer extra coverage options such as rental reimbursement, roadside assistance, and protection against vehicle value reduction. Their Personal Automobile Plus coverage safeguards against theft, key replacement, and other costs, often excluding user-installed equipment. They also provide discounts for timely payments, full coverage, or online transactions.
Allstate: Holding an A+ financial stability rating, Allstate provides specialized coverage for rideshare drivers through its Allstate Ride For Hire® program, which is particularly beneficial for Uber and Lyft drivers in Michigan—especially given local regulations requiring rideshare insurance. Their recent partnership with Uber enhances their offerings, making Allstate a reliable choice for rideshare protection.
State Farm: Despite plans to downsize operations in Michigan by 2020, State Farm maintains an impressive A++ financial stability rating, making it one of the most trusted insurers in the state. Currently, they do not offer full-coverage options for vehicles, and ongoing changes might influence discounts or policy availability.
