Under the new car insurance reform law insurance companies are banned from using ZIP codes to set rates.
Michigan auto insurance rates by zip code. The Truth About Auto Insurance Rates By ZIP Code 2021. The least expensive ZIP code in America is 24450 in Lexington Virginia. The new law prohibits auto insurance companies from using sex marital status home ownership credit score educational level occupation and zip codes in setting a drivers auto insurance rates.
The average cost of car insurance in Michigan is 165 higher than the national average auto insurance premium and Michigan ranks 50 out of 50 for the most affordable car insurance rates in the US. Elimination of Certain Non-Driving Factors. Heres what you need to know when driving in Michigan.
Enter Your Zip Code to Compare Rates. Even adjacent ZIP codes might have differences in hundreds of dollars. For instance an average Michigan policy from Hanover is estimated to cost about 13685 per year whereas an Auto-Owners Insurance Co.
Michigan auto insurance rates are too high to be considered afford Michigan auto insurance is unaffordable to 97 percent of ZIP codes says UM study. Plan averages around 1485 annually2. 52 rows Average Annual Auto Insurance Rates in ZIP Code.
Nearly every ZIP code has car insurance premiums greater than 2 percent of household income. Michigans average annual auto insurance premium for a 30 year old single man driving a 2013 honda accord ex was 2693 in 2018 according to the zebra. Auto insurance is expensive in Michigan.
Auto insurance is expensive in Michigan. 52 rows But even in Alaska where savings are the lowest the difference is 972. Michigan auto insurance rates are too high to be considered afford Michigan auto insurance is unaffordable to 97 percent of ZIP codes says UM study.