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Updated March 9, 2022
Cheapest Companies for Drivers With Bad Credit in Michigan (2022)
For drivers with bad credit in Michigan, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for drivers with bad credit.
To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Michigan. The following are the best insurance rates from carriers that offer car insurance for drivers with bad credit in Michigan.
|Carrier||Avg. Monthly Cost The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.|
|American Family Insurance||$538|
|Midvale Home & Auto||$551|
|Everest National Insurance Company||$829|
Bad Credit Car Insurance in Michigan
Having bad credit could make it more difficult to get a good rate on car insurance in Michigan. Some states prohibit car insurance companies from taking your credit into account when setting rates. Unfortunately, Michigan is not one of them. Having bad credit likely won't prevent you from getting coverage. But you're probably going to have to pay more for it.
Fortunately, car insurance credit checks in Michigan are considered "soft inquiries" and won't affect your credit score.
Michigan Car Insurance Rates for Bad Credit Drivers
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
How Much Does Bad Credit Impact Car Insurance Rates in Michigan?
Drivers with bad credit pay almost 15 percent more than average on car insurance in Michigan. Insurers will use factors like your payment history and total debt to determine your insurance credit score, which will help them assess your overall risk level and the likelihood of you filing a claim in the future. Your driving record and claims history will also help determine your rate.
Can I Get Car Insurance With No Credit Check in Michigan?
It's possible to get car insurance without a credit check in Michigan. You just have to find a company that's willing to provide you coverage without checking your credit. These companies exist, but beware: they often charge more for a policy than a standard insurer. That's because the insurer needs to compensate for not fully knowing how much of a risk it's taking by insuring you and your vehicle.
Before you move forward with a car insurance company that doesn't run credit checks, get a quote from companies that do to get a side-by-side comparison.
Michigan Car Insurance Rates by Credit Tier
There aren't many surprises when it comes to Michigan's insurance rates and the credit tiers. Drivers with excellent credit typically pay less per month on their car insurance than those with poor credit. In Michigan, drivers in the excellent credit tier pay almost $100 less per month on average than drivers in the poor credit tier. Surprisingly, only $3 separates the average monthly cost for Michigan drivers with good credit and those with average credit.
|Credit Tier||Avg. Monthly Cost The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.|
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Car Insurance Rates With Bad Credit in Michigan Cities
The average monthly car insurance cost for drivers with bad credit varies among Michigan cities, but there's a common theme; the costs are high. Grand Rapids is on the lower end ($281), but Detroit, perhaps Michigan's most well-known city, has an average monthly car insurance cost of almost $550.
The higher you can keep your credit score, the better chances you'll have of keeping your car insurance premiums low.
|City||Credit Tier||Avg. Monthly Cost The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.|
Tips for Researching Bad Credit Michigan Car Insurance Rates
Insurance prices and policies can vary significantly between companies, and a state like Michigan draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than you need to, and customers save $585 per year on average.
Compare Top Auto Insurance Companies
Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies
FAQs - Michigan Car Insurance
There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.
Auto insurance costs will vary between locations and insurance carriers, depending on the county Michigan. Insurify analyzed the latest data for the five most populous cities in Michigan to find you the cheapest quotes in each of these metropolitan areas.
The way to find the carrier with the best auto insurance ratings in Michigan and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.
During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.
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Data scientists at Insurify analyzed more than 40 million real-time auto insurance rates from our partner providers across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Service's database of auto insurance rates. With these insights, Insurify is able to offer drivers insight into how companies price their car insurance premiums.