How To Get The Best Auto Insurance Rates In Michigan

Shopping for car insurance can be daunting, so let’s look at how to get the best auto insurance rates in Michigan. You want to find the best coverage at an affordable rate, you don’t want to deal with someone trying to sell you more or less coverage than you need, and you want to make sure all your questions are answered. So, what are some easy steps you can take to make sure you save some money and still have the coverage you need?

Shop Around

It’s important to shop for different carriers. You want to know who will cover you at what price, if they require certain criteria, and what discounts can they offer you? If you can get at least 3 quotes, it’s enough to be able to compare coverage without overwhelming you with options. Most insurance companies allow you to request a quote through their website. Asking friends and family for a recommendation is also great. People trust other people’s experiences and word of mouth is a great source.

The benefit of working with Compass insurance is how we do the shopping FOR you. Compass Insurance works with over 15 different carriers, which means we can shop around all under one roof. We can input your information into our system and find you the coverage you need at a price that fits your budget.

When Do I Shop Around?

It’s best to shop your insurance rates BEFORE you purchase your car. Insurance rates are based on the price of the car, repair costs and the overall safety record and likelihood of theft. If your car has features that reduce the risk of theft or personal injuries, you may be offered a discount by some carriers.

Are you looking at new or used cars? This will also affect the cost of your rates. You can check things like the safety rankings for different models with the Insurance Institute for Highway Safety’s (IIFS) Top Safety Pick rating tool online.

Raise Your Deductible

If you decide to go with a higher deductible, you lower your insurance premium costs. However, in doing this you must make sure you have enough money set aside in the event you have a claim, as you’ll be covering a large chunk of the repair cost.

Older Car? Reduce Optional Insurance.

It may not be cost-effective to have collision and/or comprehensive coverage on your car. The rule of thumb to determine this is if your cars are worth less than 10 times the amount of the insurance premium. An easy way to determine the value of your car is by looking it up for free on websites like Kelly Blue Book, TrueCar, and National Association of Auto Dealers (NADA).

Stay Consistent Or Bundle

Often times, insurance companies will give you a discount when you purchase multiple types of insurance from them. For example, you may get a discount if you have homeowners and auto, or multiple vehicles insured. If you’ve been with a company for a long time, your insurance carrier may offer you a discount for being loyal to them. Make sure you talk to your Compass Insurance agent about your options.

Good Credit History

One of the benefits of establishing a good credit history is lower insurance costs. Insurance companies use credit information to help them price auto policies. Why? Research shows that individuals who have good credit history tend to make fewer claims. Check your credit score on a regular basis to make sure your information is accurate.

Low Mileage Discounts

Ask your Compass agent which carriers offer discounts for drivers who don’t drive a lot. This discount can also apply to those who carpool to work.

Group Insurance

Does your employer offer group insurance to their employers? Ask. Group Insurance offers reductions through employers, professionals, business, and alumni groups.

Are There More Discounts?

There’s always a way to save money, all you need to do is ask the right questions. Compass Insurance looks right away to see what discounts they can get you. Then, by communicating a client’s needs, we can determine if there are other discounts we can apply.