Average car insurance cost in Grand Rapids, MI

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

According to data from Insure.com, the average annual cost of car insurance in Grand Rapids, Michigan is $2,248. The auto insurance rates in Grand Rapids is $104 less than the state average and $353 more than the national average.

Car insurance premiums vary significantly based on where they are filed. Factors such as city demographics, population density and average resident age, accident rates, theft, and vandalism rates will influence the amount of premiums you pay.

This article talks in detail about the most affordable car insurance companies in Grand Rapids, the average car insurance rates by age and gender, and how much car insurance cost in Grand Rapids depending on coverage limits. Whether you’re a new driver or an experienced one, this article will help you to find the most affordable car insurance in Grand Rapids. Keep reading to learn more.

Cheap car insurance companies in Grand Rapids

Travelers offers the most affordable car insurance in Grand Rapids for coverage limits of 100/300/100 at $1,459 per year.

The Geico comes close second offering car insurance at $1,514 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Grand Rapids that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Grand Rapids, Michigan:

Read about the best car insurance companies.

Average car insurance cost in Grand Rapids by coverage limits

The average car insurance rates in Grand Rapids by coverage type are as follows:

• State minimum coverage: $596 per year (limits of 25/50/25)
• Liability-only coverage: $632 per year (limits of 50/100/50)
• Full coverage: $2,248 per year (limits of 100/300/100)
• Non-owners coverage: $461 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Grand Rapids

Based on an analysis by Insure.com, female drivers in Grand Rapids, Michigan pay an average annual car insurance premium of $2,248. In comparison, male drivers pay $2,248 annually, which is equals to what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Grand Rapids

Car insurance rates in Grand Rapids, are highest for teens at $6,386 per year or $532 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $3,768 annually for their car insurance, which is $2,618 less than what teens pay for their insurance coverage.

In Grand Rapids, adult drivers pay an average of $2,223 per year for car insurance, while senior drivers pay $2,225 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Grand Rapids

Examining the trends in car insurance rates in Grand Rapids, Michigan it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 16%, or $305.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Grand Rapids, are lower than the average insurance cost in Michigan. Shopping around and taking advantage of available discounts, drivers in Grand Rapids can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

 . .

Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.