How Much Does Car Insurance Cost for College Graduates in Michigan?

The car, truck, or SUV on the policy is one of the largest factors when trying to find cheap car insurance for college graduates in Michigan. Vehicles with average performance, good safety features, or a positive history of liability claims will cost quite a bit less to insure than higher performance models.

The table below presents auto insurance costs for the most cost-effective vehicles to insure.

Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in garaging location in Michigan which can decrease or increase premiums substantially.

Looking at the numbers, vehicles like the Hyundai Elantra, Kia Forte, Toyota Tacoma, and Ford Escape will be a few of the cheaper vehicles to insure for college grads.

Deciding which company has the best car insurance rates for college graduates involves a bit more work in order to find the lowest price quote. Every insurance company uses their own formula for establishing rates, so we need to take a look at the car insurance companies with the most affordable rates in Michigan.

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USAA offers some of the lowest car insurance rates in Michigan at around $949 annually. GEICO, Safeco, MetLife, and MEEMIC also rank well as some of the cheapest Michigan auto insurance companies.

As illustrated above, if you currently have coverage with MetLife and switched to GEICO, you may see a yearly price reduction of approxmiately $331. Customers with MEEMIC may save as much as $401 a year, and Chubb policyholders might reduce rates by $435 a year.

To compare your rates to other Michigan insurance companies, click here to get quotes or quote rates from the companies below.

Understand that those policy prices are averages for all drivers and vehicles in Michigan and and are not calculated with a price decrease for college graduates. So the insurer that has the cheapest price for you may not even be in the chart above. That points out the importance of why you need to compare rates from multiple companies using your own individual information.

When shopping for auto insurance for college grads, one of the many things that influence rate quotes is where your home is located. Cities with more crime and/or more people like Detroit, Southfield, and Flint tend to have higher auto insurance costs, whereas areas that tend to be more rural generally benefit from lower auto insurance rates.

The following table rates the most expensive areas in Michigan for college graduates in which to purchase auto insurance.

Prices are comparative as the specific area where the vehicle is garaged can revise rates significantly.

Does State Farm, Geico, Progressive, or Allstate have the cheapest car insurance?

When comparing car insurance, four companies to definitely compare rates with are State Farm, Geico, Progressive, and Allstate. The next table breaks down price, claims, and customer service ratings, as well as some optional coverages that are available for policyholders.