How Much are Auto Insurance Quotes for Hybrid Vehicles in Michigan?

The words “bargain” and “insurance” really don’t belong together, specifically when you are searching for the best car insurance for hybrid vehicles. Because it’s so expensive, let’s take a look at some of the factors that help determine car insurance premiums, and find some ways to slash the price of your next policy.

The vehicle you are seeking coverage for is one of the largest considerations that determines the availablility of cheap car insurance for hybrid vehicles in Michigan. Vehicles with more horsepower, a lack of modern safety features, or a track record of large liability claims will cost more to insure than more modest models.

The list below illustrates car insurance costs for some of the most affordable automobiles to insure in Michigan.

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Price information does not factor in specific zip code location which can influence coverage prices noticeably.

By looking at the data, you can figure that vehicles like the Honda CR-V, Honda Accord, and Ford F-150 are most likely going to be some of the most budget-friendly vehicles to insure for hybrids.

Finding reliable, low-cost car insurance is not always easy, and deciding which insurers offer the most affordable auto insurance rates for hybrid vehicles involves additional perseverance.

Each insurance company uses their own method for filing rates in each state, so let’s begin by taking a look at the lowest cost auto insurance companies in Michigan. It’s important to understand that Michigan auto insurance rates are determined by lots of factors which can substantially change the price you have to pay. This is why it is so important to compare rates to find cheap car insurance quotes for hybrid vehicles. Rates can be determined by many different factors and change substantially, so the cheapest option the last time you shopped around may now be costing you a lot of money.

Cheap Insurance Rates for Hybrids

Compare Rates Now

google.charts.setOnLoadCallback(drawMIT5qcibChart);function drawMIT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 949, ‘#67CF33’], [‘GEICO’, 1033, ‘#55AC2A’], [‘Safeco’, 1079, ‘#468F23’], [‘MetLife’, 1364, ‘#3A771D’], [‘MEEMIC’, 1408, ‘#306318’]]);var options = {title: ‘Top Five Low-Priced Car Insurance Companies in Michigan’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1508,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

USAA normally has some of the cheapest car insurance rates in Michigan at around $949 each year. GEICO, Safeco, MetLife, and MEEMIC also make the cut as some of the most economical Michigan auto insurance companies.

As shown above, if you are a policyholder with MetLife and switched to GEICO, you might achieve annual savings of roughly $331. Customers with MEEMIC might save as much as $375 a year, and Chubb customers might reduce rates by $395 a year.

These policy prices are averaged for all ages of drivers and types of vehicles and are not factoring in a rate decrease for hybrid vehicles. So the car insurance company that can offer you the lowest price may not even be featured in the list of companies shown earlier. That emphasizes why you need to get car insurance quotes using your own specific driver information and vehicle.

How to find a good Michigan auto insurance company

Finding a good quality insurance company is hard considering how many choices you have in Michigan. The company ratings in the lists below can help you pick which car insurance companies you want to consider buying from.

These ratings are for large insurance companies, so smaller companies are not factored into these rankings. To check rates from many more Michigan auto insurance companies, click this link.

Reckless driving habits raise Michigan auto insurance rates

One of the best ways to receive low auto insurance premiums in Michigan for hybrids is to be a cautious driver and not get tickets or have accidents. The chart below shows how traffic citations and at-fault fender-benders raise insurance costs for each different age category. The data is based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 4105,5021,8849],[‘Age 30’, 2763,3675,7507],[‘Age 40’, 2583,3501,7329],[‘Age 50’, 2259,3175,7001],[‘Age 60’, 2187,3099,6929],[‘Age 70’, 2585,3501,7329]]);var options = {title: ‘Effect of Citations and Accidents on Michigan Auto Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the prior example, the average cost of car insurance per year with a clean driving record and no accidents is $2,747. Get written up for two speeding tickets and the average cost swells to $3,662, an increase of $915 each year. Then add two accidents along with the two speeding tickets and the 12-month cost of auto insurance for hybrid vehicles jumps again to an average of $7,491. That’s an increase of $4,744, or $395 per month, just for being a little careless behind the wheel!

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

When comparing car insurance for hybrids, four companies you’ll want quotes from are Progressive, Allstate, Geico, and State Farm. When added together, they make up almost 50% of all policies written. The table below shows ratings and policy coverage options that are available for customers.