If you aren’t satisfied with your current auto insurance provider in Michigan, it may be a good time to shop for cheap auto insurance with low down payment quotes online. Michigan law mandates that motorists possess a valid auto insurance policy that includes bodily injury liability and property damage liability. The minimum requirement is $25,000 per person for injuries or death, $40,000 for each accident if several people are injured or killed, and $10,000 to cover for property damage. Of course, the best place to begin your search for affordable auto insurance quotes is online.
Shopping online offers you the opportunity to compare quotes, coverage, and payment options of different insurance providers that operate in the state of Michigan. The key is to compare quotes and choose a policy that offers the best value for your dollar. After all, you need to be able to stretch your dollar to the maximum if you want affordable auto insurance. However, make sure it isn’t the price that lures you into signing on the dotted line. Think of your medical and legal expenses if you don’t have sufficient coverage. That is more important. So, make sure you strike a balance between your monthly payments and the extent of cover. The more protection you have the more secure your finances will be in the long run.
When you have shortlisted a policy that suits your current needs, you will need to cancel your current policy, However, make sure that there is no period where you are left without coverage. You must have a new policy in place when the old one is canceled. Your new provider will coordinate the activation of your new policy according to the date you cancel your existing policy. Give yourself at least a month to shop for a new policy and to complete the entire process.
Since your objective is to find the auto insurance you can afford, and maybe get now and pay later auto insurance, it is wise to ask the insurance company for the best possible payment structure. Flexible payments will allow you to budget your monthly expenditures accordingly. Do make it a point to ask for any special discounts for paying upfront if you can afford it. Most providers tend to offer bigger discounts on advance payments. Moreover, it will help your credit score as well.
In the meanwhile, do take other safety and security precautions. Insurance companies are likely to offer you the best rates if you have installed safety devices such as airbags, and security systems such as anti-theft locks and immobilizers. In addition, if you have a garage, do make it a point to let your insurance provider know especially if you have changed homes recently.
Another factor that will go a long way in saving on auto insurance premiums is your driving record. Don’t expect freebies if you have a bunch of speeding tickets or have been booked for other traffic offenses. Keep your record clean and you can watch your premiums drop considerably. Refrain from making small claims and qualify for a ‘no claims bonus. That is all it takes to find affordable auto insurance.
Getting The Best Michigan Auto Insurance Quotes
One expense that Michigan motorists cannot afford to avoid is auto insurance. This is one expense you need to budget for and ensure that you are well protected in case you have the misfortune of being involved in an auto accident. With a bit of online research and a few calls, you can end up with a good deal that will pay huge dividends in the end. By comparing quotes online, you have the potential to save hundreds of dollars a year, if not more. In addition, you will receive adequate coverage that is required per Michigan state laws.
Michigan follows the ‘no fault’ system which means that every motorist must purchase PIP or Personal Injury Protection PIP, Personal Property Protection PPI, and Bodily Injury and Property Damage liability. Failure to possess adequate auto insurance can result in penalties, fines, and even a jail term. The minimum ‘no fault’ coverage includes loss of wages for up to three years, and medical and rehabilitation expenses in the event of an accident. Wages covered is up to the limit of $4,878 per month. In the event of injuries, you will be compensated $20 per day for any regular services such as house cleaning or yard work that you no longer can perform and need to employ someone else to do. All benefits are transferable to the family for up to a maximum of three years in the event of death of the insured motorist.
Michigan state laws require motorists to possess $20,000 per person as bodily injury liability, $40,000 for the injury or death per accident, and $10,000 as property damage liability. The ‘no fault’ system does not cover any damage to your vehicle which is why you ought to opt for additional insurance such as collision or comprehensive insurance. However, the amount of cover will depend on the value of your car, and what you can afford as monthly insurance premiums.
Since auto insurance is unavoidable, it is prudent to compare insurance rates online. In addition, you ought to educate yourself on the finer aspects of insurance coverage. You can begin by comparing quotes and the terms and conditions that some of the top insurance providers in Michigan offer. Most insurance companies provide free auto insurance quotes online with no obligation to purchase from them if you aren’t satisfied with their rates.
When comparing quotes is it advisable to base your decision first on protection, and then price.
Just to cut corners, there is no use compromising on coverage and end up spending thousands of dollars if you are involved in an accident. Think about all the financial stress that you will have to undergo just to save a few dollars. Michigan state laws also mandate that you purchase an auto insurance policy from a licensed provider. Therefore, make sure you deal with a reputed auto insurance company. Most importantly, stay away from unbelievably low quotes. They may be a ticket to disaster. The bottom line is to be a smart shopper and do your homework prior to signing up with an insurance provider.