Who Has the Cheapest Auto Insurance for Police Officers in Michigan?

One of the more important considerations that establish the price you pay for insurance is where you call home in Michigan. More densely populated places like Detroit, Southfield, and Flint will most likely have higher rates, whereas areas with less traffic congestion and claims receive better rates.

The table below displays the highest-priced places in Michigan for police officers to purchase a policy in.

Prices are comparative as vehicle location can lower or raise auto insurance rates significantly.

Trying to buy reasonably-priced car insurance is challenging, and figuring out which insurers offer the best insurance rates for police officers involves additional perseverance. Policy rates will probably be a little bit cheaper than the average policy in Michigan, with the lower price attributed to the reduced risk associated with selling insurance for law enforcement personnel. Reasonable coverage should be easily found without looking to hard.
Every car insurance company has their own guidelines for establishing rates, so let’s begin by examining the lowest cost insurance companies in Michigan.

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USAA has some of the cheapest car insurance rates in Michigan at around $958 a year. GEICO, Safeco, MetLife, and Chubb would also make the list of some of the lowest-priced Michigan car insurance companies.

In the above rates, if you currently have coverage with MetLife and switched to USAA, you might achieve savings of roughly $366. Michigan drivers with Chubb may save as much as $470 a year, and Pioneer State Mutual customers might lower prices by up to $472 a year.

It’s important to note that these rates are averages for all types of insureds and vehicles and do not factor in a price discount for police officers. So the insurer that has the cheapest rates for you may not even be in the company chart above. That helps illustrate why you need to compare rates from multiple companies using your own personal information and vehicle type.

The car, truck, or SUV that needs insurance is a significant factor that determines if you can find the cheapest auto insurance for police officers in Michigan. Vehicles with lower performance, excellent safety ratings, or a positive history of liability claims will cost less to insure than higher performance models. The tables below showcases insurance premiums for the cheapest automobiles to buy insurance for.

Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Table data does not factor in specific Michigan garaging location which can decrease or increase coverage rates substantially.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in specific garaging location which can raise or lower auto insurance rates noticeably.

Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can modify coverage prices greatly.

The chart below demonstrates how choosing different deductibles can increase or decrease premium costs when trying to find cheap insurance for police officers. The premium estimates are based on a single male driver, comp and collision included, and no other discounts are factored in.

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In the chart above, a 40-year-old driver could lower rates by $568 a year by switching from a $100 deductible to a $500 deductible, or save $856 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old example, could roll back prices up to $1,862 annually just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it will be important to have additional funds in a savings account to allow you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Difference between liability only and full coverage rates

Finding the cheapest auto insurance for police officers in Michigan is the goal of most vehicle owners, and one of the fastest ways to pay less for insurance is to buy only liability coverage. The diagram below illustrates the difference between insurance costs with and without full coverage. The rates are based on no accidents or driving violations, $1,000 deductibles, single status, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 4891,2067],[‘Age 30’, 2579,1127],[‘Age 40’, 2503,1043],[‘Age 50’, 2293,975],[‘Age 60’, 2223,959],[‘Age 70’, 2771,1287]]);var options = {title: ‘Full Coverage Compared to Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Michigan’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If all age groups are averaged, physical damage insurance costs an extra $2,877 per year over and above liability only. That touches on the question when is it safe to stop buying full coverage. There is no written rule to delete full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your vehicle’s replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after paying the physical damage deductible. If it’s costing you more than $200 a year to have full coverage, the it may be a good time to stop paying for full coverage.