There is no suburb of Detroit more beautiful and notable than Bloomfield Hills. Within minutes of Motown, the city provides amenities for both city and country living. But you need a car to get around, and if you live and drive in Bloomfield Hills, MI car insurance is a must. To find auto insurance that fits your car and your lifestyle at a cost you can afford, talk to your Independent Insurance Agent today. Your agent can help you navigate the wide range of options and requirements to find the right policy for you. Car insurance is expensive in Michigan for a few reasons:
- Across the U.S. car insurance cost averaged $1,311 in recent years.
- In Michigan, it was $2,476.
- The highest average rate in the nation.
- There were $12.8 billion in losses those years.
The primary reasons why car insurance is so expensive are a high rate of auto theft and uninsured drivers. You need to know what you can do to protect your car before choosing the right insurance. Saving on car insurance may be appealing, but if it leaves you stuck, you may regret it later.
Michigan Car Insurance Requirements
State law mandates that you have basic liability coverage. You may want more than the basic liability and loss protection, however, based on your situation. Your legal requirements and options for car insurance include the following:
- Bodily Injury Liability: Required.
- Property Damage Liability: Required.
- Personal Injury Protection (PIP): Required.
- Uninsured Motorist Coverage: This is not required in Michigan, but it is important for reasons discussed below.
- Minimum Liability Limits: 50/100/10.
These minimums protect drivers from the devastating financial toll of accidents, but some drivers have found that minimum coverage just isn't enough. If the actual cost of an accident exceeds your coverage level, you'll have to pay the remainder out of pocket. Our Independent Insurance Agents can help you determine how much coverage you really need to protect your financial assets and have peace of mind that you're prepared if an accident happens to you.
Above and beyond these requirements, you can select to have comprehensive coverage on your vehicle. This is coverage for any ding or nick, whether it is caused by an accident, vandalism or theft. You can also have it pay for a rental car and a tow truck to pick you up by the side of the road while yours is in the shop. Comprehensive coverage is the best way to keep your car looking great no matter what and keep you on the road.
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Number of Uninsured Motorists in Michigan
Though it is not required, uninsured motorist coverage is a good idea in Bloomfield Hills. The statistics from recent years show that Michigan has a very high rate of uninsured drivers on the roads:
- Nationally, 13% of all drivers are uninsured.
- In Michigan 20% of all drivers have no insurance.
In case of an accident, this will pay you if the other driver does not have insurance, no matter what happens to you. Without this coverage, you could be on the hook for an accident that is not your fault. Many drivers in Michigan take this coverage because, with one in five drivers out there not covered, it is very important.
Number of Auto Thefts in Michigan
The other fact that drives up the cost of car insurance in Michigan is that Michigan experiences a very high rate of car theft. In recent years, you can see the difference:
- Across the U.S., 2.28 out of every 1,000 cars were stolen each year.
- Michigan's theft rate is 1.74.
If you do not have a comprehensive policy, the risk of your car being stolen is entirely on you. There are many things you can do to reduce the risk of auto theft, but the most important is to have a secure garage or another place to park your car at night. It’s also important to use the alarm system. The right policy for you isn’t always the cheapest, so it is important to shop around with different companies to find the policy that works best with your lifestyle.
Find a Great Bloomfield Hills Car Insurance Policy
Your car insurance policy has to fit your car, your lifestyle, and your budget. With all of these factors, along with state requirements, the best thing you can do is talk to your Independent Insurance Agent . Your agent will find the best policy for your needs and get you multiple quotes so that you can compare them and find the most affordable coverage for yourself.