Michigan Car Insurance Guide - How to Find the Best Michigan Auto Insurance Policy Finding the best Michigan auto insurance is crucial for all drivers in MI. No matter where you live in the state of Michigan, you are no further than 85 miles to one of the Great Lakes. So if you're planning a day at the beach, or driving anywhere in Michigan, make sure you have proper car insurance. Michigan is a no-fault state, meaning that your car insurance company will pay for your injury claims, regardless of who is at fault in the event of an accident, up to a specified amount. The other person involved in the accident will be covered under their own car insurance policy. One of the benefits of a no-fault system is that it compensates you quickly and completely. Your medical expenses and lost wages, if any, will be paid, and the damage caused to other people's cars and property will be covered no matter who was at fault in an accident. Another benefit to Michigan's no-fault laws is that despite the rising cost of car damage repairs, medical expenses, and the great benefits provided by no-fault car insurance, this system has continued to function without huge rate increases. In fact, some other states use Michigan's no-fault system as a model for their own. In Michigan, if you own a car, light truck, or van, you must have a Michigan car insurance policy. Out-of-date insurance, even others from other no-fault states can't be used to insure a car that is going to be registered in the state of Michigan. Michigan state law requires that you carry Bodily Injury Liability coverage of $20,000 per injured person up to a total of $40,000 per accident. You must also have Property Damage Liability of at least $10,000, but in some cases, does not cover accidents occurring outside of Michigan. If you do a lot of traveling, you might want to add additional insurance to protect you if you are going to be driving out of state. You are also required to have Personal Injury Protection, or PIP coverage. Personal Injury Protection pays for all reasonable and necessary medical expenses and wage loss for you and your passengers. This coverage includes lost wages for three years with $4,400 being the maximum amount you can receive per month. Personal Injury Protection also includes up to $20 per day to pay for services you can no longer perform, funeral and burial expenses, and survivor's loss benefits and replacement services benefits will be paid to the insured's dependents in the event of death due to a car accident. Under Michigan state law, you are required to have Personal Injury Protection coverage of at least $10,000, although you might want to consider increasing this amount. In the state of Michigan you are also required to carry Residual Liability car insurance coverage. This is a catchall kind of coverage that gives you minimum protection if you're sued or held legally responsible in certain circumstances. Residual Liability will protect you if you are involved in an accident involving death, serious impairment of bodily function, or permanent, serious disfigurement. It will also protect you in case you are in an accident where the actual loss exceeded your Personal Injury Protection limits, or in an accident that occurred outside of Michigan for property damage and personal liability. You might want to consider buying a higher amount of Residual Liability car insurance, the minimum requirements are $20,000 for one person's injuries, $40,000 for all persons injured in one accident, and $10,000 for property damage. In addition, by Michigan state law, you are required to always have proof of insurance with you. Failure to produce proof of insurance if you are pulled over or in an accident may result in your driver's license being suspended. It might be a good idea to keep your proof of insurance in the glove compartment of every car you own. Although not required in Michigan, it may be a good idea to carry collision, comprehensive, uninsured/underinsured motorist, extra equipment coverage, road service, and car rental coverage. Collision coverage comes in three forms. Standard coverage pays for damage to your car, regardless of fault, but you will be responsible for your deductible. Broad collision coverage will also pay regardless of fault, but if you're more than 50 percent responsible for the accident, then you pay the deductible. Limited collision coverage pays for the damage to your vehicle, but only if you are found to be less than 50 percent responsible for any accident. You can opt for a higher deductible if you want to keep the cost of your car insurance premium lower. Comprehensive coverage pays for any loss to your car not caused by an accident such as theft, fire, or vandalism. Uninsured/underinsured coverage will pay you what your are legally entitled to collect for injuries caused by an underinsured or uninsured driver. Road service will pay for roadside assistance such as towing, flat tire repair, and other mechanical problems that disable your car. Extra equipment coverage raises coverage limits for such things as spoilers, or other attached parts not installed by the car manufacturers. Car rental coverage will reimburse or pay you for a rental car if you're car is in for repairs due to an accident or if your car is out of service. Check with your Michigan car insurance agent to make sure you understand the limitations of this type of coverage. It's also a good idea to review your Michigan car insurance yearly to insure it meets your current needs and situation. Shop around for the best rate. You might not want to just accept what your car insurance agent gives you. With a little research and a side-by-side comparison of rates and coverage, you may save hundreds of dollars a year on your Michigan car insurance. Compare rates online to save yourself some time and money. Get started comparing car insurance quotes today!
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