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No. 1 most expensive: Michigan

Last updated: Nov. 25, 2018

By , Insure.com

Car insurance rates of Michigan

Average rate: $2,239

Average rate for the top-selling vehicle in the country first quarter of 2018 F-150 XL: $1,951

Average rate for the top-selling SUV in the country first quarter of 2018 Nisan Rogue S: $2,372

Average rate for the top-selling sedan in the country first quarter of 2018 Toyota Camry L: $2,516

For five years running, Michigan has taken the top spot for the most expensive state for car insurance.

The Wolverine’s average annual premium is $2,239, which is 6 percent lower than last year’s rate but still puts Michigan’s premium 64 percent higher than the national average of $1,365.

The state’s one-of-a-kind no-fault auto insurance system is the key factor as to why car insurance premiums are so high in Michigan. The required PIP coverage pays medical expense resulting from injuries sustained in an auto accident. There are over 15 other no-fault states, but only Michigan offers unlimited medical benefits. That is much more than the $10,000 that Floridians are required to purchase. For drivers to obtain unlimited PIP benefits, drivers’ rates are hiked up drastically. As with Florida, fraudulent PIP claims only make matters worse.

Another factor is the amount of uninsured motorist, likely due to the cost of coverage. The IRC found that an estimated 20.3 percent of Michigan drivers are uninsured, the fourth highest in the nation (Florida comes in first with 26.7 percent). With a lower number of insured motorists to pay premiums and share the risk pool, car insurance premiums spike upwards.

Shop with a variety of companies to get the best auto insurance rates in Michigan. If you find low rates with a lesser known company, check out reviews and their A.M. Best financial strength rating before purchasing your policy.

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