Grayling Car Insurance

Your Complete Guide to Grayling, MI Car Insurance

Grayling is a small town in northern Michigan. While the city has fewer than 2,000 residents, it experiences a lot of traffic, particularly in the summer months as residents from around the state travel along local highways to recreation areas “up north.” The last thing you want to happen while running errands in town is getting into a car accident. But while you may be the most careful driver around, other drivers are not always so conscientious. Fender benders and major accidents can happen at any time. 

If you own a vehicle in Grayling or anywhere in Michigan, you are required to have car insurance. What’s more, a reliable car insurance policy can protect you from facing a large financial burden after a car accident. Car insurance can sometimes be confusing, but a local independent insurance agent can help you find the best policy for your needs and budget. 

Michigan Car Insurance Requirements

Michigan requires every driver to have a minimum amount of auto insurance. Drivers without the required coverage face stiff fines and penalties, and they put everyone else on the road in peril. The following are the minimum coverage requirements for Michigan drivers: 

  • Bodily injury liability: Required
  • Property damage liability: Required 
  • Personal injury protection (PIP): Required
  • Uninsured motorist coverage: Not required
  • Minimum liability limits: 20/40/10; coverage up to $20,000 for all persons injured in an accident, subject to a limit of $40,000 for one individual; and $10,000 coverage for property damage

Talk to an independent agent about the importance of purchasing more than the minimum liability insurance required by the state. If you cause an accident where the cost of the damage exceeds your coverage limits, you will have to pay out of pocket for whatever you owe other drivers, and whatever it costs to fix your own car. 

Car insurance policies with only the minimum coverage can help you pay for minor accidents. If you are in a serious accident, you’ll likely be underinsured, and out of luck. An independent agent can help you decide what coverage limits are best for you and your family. Your agent can also explain how an umbrella policy can further protect your assets.  

How Much Does Auto Insurance Cost in Grayling, Michigan?

Michigan is the most expensive state in the nation for car insurance. Shopping around for the best rate and taking advantage of discounts can help you save. 

  • National average annual car insurance cost: $1,311
  • Michigan average annual car insurance cost: $2,476
  • Grayling average annual car insurance cost: $1,958

Car insurance rates are determined on a case-by-case basis, so you may have to pay more or less than the average for drivers in Grayling. Insurance companies evaluate a variety of factors to calculate your rates, including:  

  • Your age, marital status, driving history, and credit score
  • Information about other licensed drivers in your household
  • Your car’s year, make, and model
  • The coverage limits and deductibles you choose
  • Whether your policy includes comprehensive and/or collision coverage
  • Whether you are bundling your auto insurance with other policies like homeowners insurance or renters insurance

Bundling policies is just one of the ways you can save on Grayling auto insurance. Insurance companies offer a variety of discounts to help you keep costs down. An independent agent in or near your town can help you compare quotes and maximize your discounts. 

Number of Uninsured Motorists in Michigan

Driving without insurance is against the law in Michigan, yet many drivers continue to drive without coverage. Michigan has the 4th highest percentage of uninsured drivers in the US, which makes purchasing uninsured motorist coverage one of the most important things you can to do protect yourself. 

  • How many US drivers are uninsured? 12.6%.
  • How many Michigan drivers are uninsured? 20.3%.

Uninsured motorist coverage is required in some states, but it is optional in Michigan. This valuable coverage enables you to receive immediate reimbursement for your vehicle damage and medical expenses if you are in an accident that is caused by an uninsured, underinsured, or hit-and-run driver. Your insurance company will still attempt to recover the costs from the at-fault driver, but you can have peace of mind knowing that you’ll be compensated, no matter what. 

Number of Auto Thefts in Michigan

The auto theft rate in Michigan is lower than the national average. The current average auto theft rate in Grayling is 0.00, making it unlikely that your car will be stolen there. 

  • National auto theft rate per 1,000 vehicles: 2.94
  • Michigan auto theft rate per 1,000 vehicles: 2.03
  • Grayling auto theft rate per 1,000 vehicles: 0.00

The safety of your vehicle in Grayling doesn’t mean your car will never be stolen. If it is stolen or vandalized, you need comprehensive coverage to reimburse you for your lost or damaged car. Comprehensive coverage also helps you pay for repairs if falling objects, floods, structure fires, or other hazards cause damage to your car. Comprehensive coverage is optional, but your lender might require you to carry it until your loan is paid off. An independent agent in Grayling can help you decide the coverage options that are best for your needs. 

Why Contact an Independent Insurance Agent?

Independent insurance agents are a great resource for information and assistance when you are shopping for auto insurance. Your agent can explain your coverage options and pricing and can offer quotes from multiple insurance companies so you can make an informed choice. 

Contact a local independent insurance agent to get started. 

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
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