Average car insurance cost in Sterling Heights, MI

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The average car insurance cost in Sterling Heights, Michigan is $2,680 per year, according to Insure.com data analysis. Also, the car insurance rates in Sterling Heights is $328 more than the average rates in Michigan and $785 more than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Sterling Heights, the average car insurance rates categorized by age and gender, and the cost of car insurance in Sterling Heights based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Sterling Heights. Read on to learn more.

Cheap car insurance companies in Sterling Heights

Geico offers the cheapest car insurance in Sterling Heights, at an average of $1,764 per year with full coverage limits of 100/300/100.

The second cheapest company in Sterling Heights is Progressive, offering car insurance rates at $2,179 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Sterling Heights before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Sterling Heights, Michigan:

Read about the best car insurance companies.

Average car insurance cost in Sterling Heights by coverage limits

In Sterling Heights, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $792 per year (limits are 25/50/25)
• Liability only coverage: $844 per year (limits are 50/100/50)
• Full coverage: $2,680 per year (limits are 100/300/100)
• Non-owners coverage: $633 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Sterling Heights

In Sterling Heights, Michigan, the average annual car insurance premium for female drivers is $2,680 per year.

While the average annual cost for male drivers is $2,680 per year, which is equals to what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Sterling Heights

In Sterling Heights, teenagers have the highest car insurance rates, at $8,311 per year or $693 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $4,830 annually for car insurance, which is $3,481 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Sterling Heights have car insurance rates of $2,721 and $2,696 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

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

Car insurance rate trends in Sterling Heights

If we look at the car insurance rates trends in Sterling Heights, Michigan, it was on an downward swing from 2022 to 2023. From 2022 to 2023, the rates decrease overall by 2%, or $57.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Sterling Heights, are higher than the average insurance cost in Michigan. Shopping around and taking advantage of available discounts, drivers in Sterling Heights can find affordable car insurance options. Additionally, 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

 

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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.