Affordable car insurance -Whether you’re new to the state or you just want to make sure you have the right coverage for your vehicle, you need to understand the type of affordable car insurance quotes you should be looking at. Many Michigan car insurance agencies push the minimum coverage because it’s the cheapest and most popular, but it doesn’t protect you all that much. Sure, it allows you to drive without the worry of getting in trouble for driving without insurance, but that’s about it. Plain and simple, when looking affordable car insurance in Michigan, the state minimum requirements more then likely isn’t the smart choice.
Will Minimum Coverage Protect You in a Minor Accident?
Yes, the minimum coverage in Michigan is $20,000 bodily injury liability per person, $40,000 bodily injury liability for all injuries and $10,000 for property damage. If you’re involved in a minor fender bender or you back into someone in a parking lot, this insurance will be plenty, in most of those cases.
Why is Minimum Michigan car Insurance Coverage Dangerous?
The danger of this type of insurance comes in the event of a major accident, including major injuries or an expensive vehicle. If you’re vehicle is damaged and you don’t carry comprehensive and collision coverage you can only recoup $1,000 from the other driver. There are to many Michigan drivers that don’t realize Michigan is a no fault state, meaning you can’t go back on the other driver for damages caused by them to your vehicle. The only exception is the mini tort provision which allows you to recoup the $1,000.
What Coverage Should You get Affordable Car Insurance Quotes For?
Most affordable car insurance policies are 100/300/100, which gives you $100,000 of bodily injury liability per person, $300,000 bodily injury liability for all injuries and $100,000 for property damage. This is far better than minimum coverage in Michigan, but still not the recommendation of most financial experts. Michigan car Insurance is necessary for protection and it goes beyond protecting your vehicle and those within it. Your car insurance protects your financial well-being, as well. If you cause an accident with injuries and/or damage, which exceeds your limits, you could find yourself in a bankruptcy court if your sued for pain and suffering and don’t have the liability coverage necessary to cover your assets. Financial experts recommend getting car insurance quotes in Michigan for at least 250/500/100. This will give you plenty of coverage and will allow you to feel protected in the event of a major accident. Many experts also believe it’s a good idea to attach an umbrella policy with an additional $1 million in coverage to your auto and homeowners insurance.
What is the Price Difference from Minimum to Recommended Coverage?
When looking at auto insurance in Michigan, you want to consider the difference between minimum and the recommended coverage. It won’t be just a few dollars and it will vary depending on your driving record, age and type of vehicle. However, if the difference is just a few hundred dollars over six months, it’s well worth it for the protection provided. Sometimes you can cover some of the extra money for better coverage by dropping options coverage choices, such as rental reimbursement, towing and roadside assistance. You may already get towing and roadside assistance from an auto club or even through your cell phone carrier. Rental reimbursement is often more expensive than it’s worth. If you can afford to spend $100 for a rental car or you can find another type of transportation, while your car is in the shop, then it’s better to opt for higher coverage limits than add rental coverage to your policy. As you start your shopping for the right Michigan auto insurance, make sure you get Michigan auto insurance quotes that fit with the right amount of coverage. Your insurance agent can provide advice for your specific situation, as well. Using a professional insurance agency is our recommended way of finding affordable car insurance!