Affordable Car Insurance Auto Insurance in Michigan - Compare Rates

If you live in the beautiful state of Michigan located in the Great Lakes Region, No-fault automobile insurance is mandatory for you. If you have a car or you just drive someone else's car or in a case that you allow someone else to drive your car without a no-fault insurance, you are personally liable for this.

No fault insurance means contract under which insured is compensated for losses by his insurance provider irrespective of who is at fault for causing the accident. This means you are reimbursed without proof of fault.

The three insurance covers that form part of your no-fault policy are:

Personal Injury Protection (PIP)

This will cover medical costs if you are hurt in an accident.

Property Protection (PPI)

This cover is particularly useful if you cause damage to property of others. It not only includes other people's car but also any other property such as a building, fence, mail post etc.

It will cover damages up to $1 million.

Residual Bodily Injury and Property Damage Liability Insurance (BI/PD)

This pays your legal costs and any damages you are found liable, up to the limits of the policy.

The minimum liability limits of coverage are:
>> $20,000 for a person who is hurt or killed in an accident.
>> $40,000 for each accident if several people are hurt or killed.
>> Up to $10,000 for property damage in another state.

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These minimum limits are often referred to as 20/40/10.

Other than these policies, you can safeguard yourself with several other types of insurance covers like:

Residual Liability Insurance
If you are involved in a serious accident and your minimum liability insurance proves to be inadequate for it, in such a case it would be very tough to cover for the extra damages without any insurance cover. To protect yourself in a such a scenario, you may buy extra liability coverage.

Limited Property Damage Liability Insurance - Mini-Tort
If you are 50% or more at fault in an accident, you can be sued for up to $500 in damages to another person's car that are not covered by collision insurance. So it is advisable that you purchase this additional coverage.

Uninsured Motorists Insurance
Even though obtaining auto insurance is mandatory in Michigan it happens that you end up in an accident with someone who is uninsured or is inadequately insured. In that case this insurance can prove to be useful.

In this competitive market insurance providers are willing to offer you discounts while purchasing policy from them. So keep in mind to ask for discounts and you may be surprised on how much you can save.

Also one more way of lowering your rates is to go for higher deductibles. Deductible amount which the insurer will not pay, that effectively means that you are supposed to pay that much amount before the provider comes in the picture. If you set higher deductibles, the provider has less liability and hence lesser rates.

So think smart while purchasing insurance, search online for quotes from various companies.

A quick trivia with No-fault is that if you are insured, you are granted unlimited medical costs and rehabilitation benefits, wage loss benefits and $20 per day for replacement services up to three years if you are injured in an accident.


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