To get cheap auto insurance in Michigan, you must first start with Michigan's minimum auto insurance requirements. After all, there is no reason to purchase cheap auto insurance if it is not going to be deemed a legal amount of coverage.
With the exception of motorcycles and commercial motor vehicles, all autos in Michigan must autory no-fault insurance. You can not register your auto in Michigan without first having no-fault auto insurance. In a nutshell, no-fault insurance provides auto insurance coverage for you, the policyholder. The other party involved is covered by his or her own auto insurance company.
There are three kinds of auto insurance coverage required by Michigan: personal injury protection (PIP), bodily and property damage (BI/PD) and property protection insurance (PPI). A auto insurance policy in Michigan covering these three components is a basic auto insurance policy.
None of these auto insurance requirements provide insurance coverage in the event your auto is damaged or stolen. In Michigan, you must purchase collision insurance coverage and comprehensive insurance coverage in order to insure your auto in the event of damage or theft. Collision auto insurance coverage provides coverage for damages to your auto, while comprehensive auto insurance coverage provides coverage for theft of your auto or its components and contents.
Michigan drivers are able to get cheap auto insurance when they opt to purchase only the PIP, BIPD, and PPI auto insurance coverage requirements. Collision auto insurance coverage and comprehensive auto insurance coverage is not normally required of Michigan drivers unless they have borrowed money to purchase their autos and their lenders require those coverages.
Of course, there are many other ways to get cheap auto insurance in Michigan without simply purchasing the minimum auto insurance coverage requirements. Ask your auto insurance company or agent about the various discounts for good drivers, good students, driver education course completion, and multi-line policies that they offer and whether you are eligible.
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