Who Has Cheap Insurance for Electric Cars in Michigan?

One of the more important things that play a part in determining the cost of insurance is your address in Michigan. Densely populated urban areas like Detroit, Southfield, and Flint tend to have higher rates, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.

The table below rates the most expensive areas in Michigan for electric cars to buy an auto insurance policy in.

Annual rates are approximated as zip code location can revise auto insurance rates noticeably.

Cost and performance of the vehicle requiring coverage is a large consideration when consumers are trying to find cheap insurance for electric cars in Michigan. Vehicles with lots of horsepower, a lack of safety features, or high incidents of liability claims will cost quite a bit more to insure than more modest models.

The lists below features coverage premiums for a handful of the more afforable automobiles to buy insurance for.

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium amounts do not factor in vehicle location which can impact premium rates considerably.

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Table data does not factor in specific Michigan garaging location which can raise or lower price quotes noticeably.

Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in zip code location which can alter rates substantially.

The chart below illustrates how choosing a deductible can change annual premium costs when quoting cheap insurance for electric cars. The information is based on a married female driver, full coverage, and no discounts are applied to the premium.

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The data above shows that a 40-year-old driver could reduce rates by $470 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $714 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could save up to $1,172 or even more by using a higher deductible.

If you do raise deductibles, it’s a good idea to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Allstate vs State Farm vs Progressive vs Geico

When comparing auto insurance for eco-friendly vehicles, probably the best companies to start with are Allstate, State Farm, Progressive, and Geico. The next table points out some of the different features that are available.

How to find cheap insurance for electric cars in Michigan

It’s not impossible to find cheaper rates, and here are some money-saving ideas that can help drivers locate cheaper coverage.

• Drive vehicles with five-star safety ratings
• Increase your credit rating
• Accident-free drivers may qualify for discounts
• Avoid filing excessive claims
• Drive safely
• Look for cheaper rates once a year by shopping around

That last tip is extremely important, as we stressed in the prior information. Car insurance prices in Michigan fluctuate constantly, so don’t be hesitant to buy from a new company if a more affordable price is available.

Loyalty to a specific company is fine, but it isn’t a good idea if that loyalty ends up costing hundreds every year. It only takes a couple minutes to compare prices to find cheaper insurance for electric cars.