Who Has Cheap Car Insurance for College Students in Michigan?

The words “bargain” and “insurance” really should not be used together, specifically when searching for the best car insurance for college students. In an attempt to save some money, let’s start the ball rolling by going over a few of the factors that significantly impact car insurance premiums, and find some ways to take a little off your next policy.

When shopping for the cheapest car insurance for students in college, one of the many components that car insurance companies use to determine auto insurance rates is where you keep your car. Areas with more people like Detroit, Southfield, and Flint will most likely pay more, whereas areas with less crime or weather claims receive better rates.

The table below shows the most expensive cities in Michigan for college students to purchase car insurance in.

Premium amounts are approximated as specific Michigan zip code can alter price quotes greatly.

The vehicle model driven is probably the biggest factor when looking for cheap auto insurance for college students in Michigan. Vehicles with more horsepower, poor safety ratings, or an increased likelihood of liability claims will cost much more to insure than more modest models. The data below showcases car insurance prices for a selection of the more afforable automobiles to insure in Michigan.

Cost estimates assume single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific garaging location which can change coverage rates noticeably.

Premium data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in specific location information which can raise or lower coverage prices substantially.

Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle garaging location which can alter auto insurance rates noticeably.

Finding low-priced car insurance is not the easiest thing to do, and figuring out which insurers offer the most affordable insurance rates for college students may require even more rate comparisons. Rates could be somewhat more expensive than the state average attributed to the potential for more claims that comes with selling insurance for students in college, but competitively-priced insurance may be attainable if you compare enough rates. Each company uses slightly different criteria to determine rates, so we’ll go over the insurance companies with the overall best prices in Michigan.

It’s a good idea to be aware that Michigan insurance rates are impacted by many factors which can substantially decrease or increase the cost of coverage. Simply improving your credit, buying a different home, or getting caught speeding can produce rate changes that can cause some rates to be much cheaper than others.

Cheapest Insurance Rates for College Students

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USAA quotes some of the best car insurance rates in Michigan at around $949 each year. GEICO, Safeco, MetLife, and Chubb also are some of the lowest-priced Michigan car insurance companies.

In the above example, if you currently have coverage with MetLife and switched to GEICO, you could realize a yearly price reduction of in the vicinity of $361. Drivers with Chubb could save as much as $383 a year, and MEEMIC insureds might realize rate reductions of up to $391 a year.

Remember that these policy rates are averages across all types of insureds and vehicles and do not take into consideration a price increase for college students. So the insurer that fits your situation best may not even be shown in the above list. That emphasizes why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

Buying coverage from the best insurer can be rather challenging considering how many different companies there are to choose from in Michigan. The information in the next section can help you analyze which auto insurers to look at shopping prices with. The rankings below are only made up of major nationwide insurance companies, so smaller regional companies are not included in the list.