Ann Arbor, Michigan, with its close proximity to Detroit, is no stranger to things related to the auto industry; in fact, the area is known as the world's traditional auto center. But even with such strong ties to the world of automobiles, Ann Arbor insurance is significantly higher than the national auto insurance average --Michigan residents average quotes of $928 versus the nations $795.
Despite high averages, you can still save money on your Ann Arbor insurance quotes by familiarizing yourself with basic information regarding auto insurance in Michigan. Armed with the facts, you can then find the best rates.
No-Fault Insurance Basics
Michigan is one of only 12 states that operate under a no-fault insurance program. With this type of program, drivers cannot be sued for losses even if they were at-fault for the accident except in the case serious injury, death, or permanent disfigurement. So let's say you are driving in Ann Arbor and rear-end someone at a low speed. The victim claims to have neck pain and attempts to sue you for $250,000. Michigan's no-fault law means you can't be sued. However, if your negligent driving resulted in the paralysis of the other driver, you could be sued. No-fault insurance keeps your Ann Arbor insurance quotes lower than they might be otherwise.
Michigan Insurance Requirements
The state requirements for insurance in Michigan include Personal Injury Protection, Property Protection, and Residual Bodily Injury and Property Damage Liability Insurance. All other types of insurance are optional. However, it's a good idea to purchase the following coverage options to make sure you are sufficiently covered in an accident:
- Collision insurance. This pays to repair or replace your car if it is damaged or totaled in an accident. Basic no-fault state requirements like Michigan's do not cover this.
- Comprehensive coverage. If your car is stolen, damaged by weather or animals, or the damage is incurred by something other than another car, comprehensive coverage will also cover the cost of repairs or replacement, minus your deductible.
- Uninsured motorist coverage. With the number of uninsured motorists on the rise, it's not a bad idea to include uninsured motorist coverage in your Ann Arbor insurance quotes. This will cover damages to your car, as well as pain and suffering and lost wages, in the event you are struck by an uninsured driver. Most companies will also combine underinsured coverage with this policy.
Comparing Ann Arbor Insurance Policies
Now that you're armed with the facts, you can obtain Ann Arbor insurance quotes and compare them to find the best rates possible. NetQuote.com can provide you with an in-depth look at insurance requirements and recommendations in each state. From there, you can receive multiple insurance quotes within minutes, allowing you to save as much money as you can.