Saginaw Car Insurance

Everything You Need to Know About Car Insurance in Saginaw, MI

A relatively large mid-state city, Saginaw, MI sees its fair share of traffic. Interstate 675 carries a lot of truck and high-speed traffic while roads like Davenport Avenue, Bay Street, and State Street are often busy with motorists who are commuting to and from work or out running errands. The more cars you are sharing the roads with, the greater your risk of being involved in a motor vehicle collision. That is why it is to your benefit to ensure that you are backed by a solid Saginaw auto insurance policy.

It is a good idea to compare rates from a few reputable insurance companies before deciding which auto policy to buy. Comparison shopping is easy when you enlist the help of an independent insurance agent in our network. These local agents can work with many different insurance providers and can assist you by gathering a variety of competitively priced Saginaw car insurance quotes for your review. Find an agent near you to get started.

  • National average cost per year: $1,311
  • Michigan average cost per year: $2,476
  • #1 most expensive auto premium in U.S.

Michigan’s car insurance rates are extremely high when compared to rates in other states. That makes shopping for coverage even more important. Though the figures listed above can give you a ballpark idea of how much you might expect to pay, your actual Saginaw car insurance costs are calculated based on several different factors including but not limited to the following:

  • The make, model, year and safety features of your car(s)
  • Your driving record and insurance claims history
  • The age, sex, marital status and driving records of the people you are including on your policy
  • The amount of liability coverage you wish to buy
  • The optional coverage types, if any, you wish you purchase
  • The amount of your deductible
  • Your credit score

Every insurance company you contact is likely to quote you different costs for your premiums, so comparison-shopping is a great way to find the best deal on your Saginaw auto insurance.

Michigan Car Insurance Requirements

  • 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 $40,000 for all persons injured in an accident, subject to a limit of $20,000 per individual, and $10,000 coverage for property damage

Driving without insurance is illegal. Failure to carry insurance that meets or exceeds Michigan’s minimum coverage requirements can result in fines of up to $500, possible incarceration and suspension of your driver’s license for 30 days. While the minimum coverage amount required by the state might be sufficient to protect your finances in a typical motor vehicle collision, accidents that result in serious injuries or significant property damage can easily exceed these limits. In that case, you are responsible for making up the difference out of pocket. That is why it may be a good idea to purchase coverage with higher liability limits. Your agent can help you review costs for different levels of coverage.

Number of Uninsured Motorists in Michigan

  • Number of uninsured U.S. drivers: 12.6%
  • Number of uninsured Michigan drivers: 21.0%

Although driving without insurance in Michigan is a prosecutable offense, nearly one in five drivers in this state is operating a vehicle without coverage. This puts you at risk because if you are in an accident that is the fault of an uninsured driver, that person is responsible for covering your damage, including any needed medical treatments, but it can be very difficult to collect this money. In some cases, if the person simply does not have the assets to reimburse you for your losses, you may never see any compensation at all.

That is why it is a good idea to include uninsured motorist coverage with your Saginaw car insurance policy. That way, if you find yourself in this sort of situation, your insurance company covers your losses upfront and then tries to collect payment from the responsible driver. This insurance also covers damage and injuries when the collision is with a hit-and-run driver.

Number of Auto Thefts in Michigan

  • National number of thefts per 1,000 vehicles: 2.94
  • Michigan number of thefts per 1,000 vehicles: 3.33

Auto theft rates in Michigan are higher than the national average, but the rate is actually lower in Saginaw. In recent years, there were 102 auto thefts reported in this city. That equates to about 2.02 thefts per every 1,000 vehicles. This is something that insurance companies take into consideration when calculating the price of your coverage. If your car is stolen, you can receive compensation for your loss only if your Saginaw auto insurance policy includes comprehensive, or “other than collision,” insurance. This optional coverage compensates you for all noncollision-related damage, such as that caused by floods, falling objects, flying debris, vandalism, and noncollision fires.

Find the Best Saginaw Car Insurance Policy

Nobody wants to overpay for auto insurance coverage. However, if you bought your policy without first taking the time to get rates from some competing insurance providers, chances are good that you are doing just that. That is why savvy car owners in Saginaw turn to independent agents in our network for help when they are shopping for great coverage at an affordable price.

Our agents make comparison shopping easy by contacting a variety of highly-rated insurance companies on your behalf and then providing you with a selection of customized auto insurance quotes. You can review and compare these policies with your agent in order to find the one that offers you the best value for your money. 

Find an agent with an office near you today to learn more about Saginaw car insurance.

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