Car insurance is invaluable for drivers in Lansing and other parts of the U.S. as it can shield them from financial burdens arising from accidents, theft, and unforeseen incidents. Yet, securing affordable and comprehensive insurance can be challenging.
This blog explores the factors impacting car insurance rates in Lansing, helping you navigate the market.
Car Insurance in Lansing, MI
Recent regulatory changes aim to make insurance more affordable by mandating reductions in average premiums and controlling medical provider reimbursements while ensuring access to care. Lansing offers unlimited PIP or personal injury protection coverage, exceeding other limits in other states. Tighter regulations also promote fairer practices by restricting non-driving factors in rate determination and increasing fines for industry violations. An average car insurance policy in Lansing costs $1,450 every six months or $241 per month, while the most economical option costs $918.
When choosing the right car insurance provider in Lansing, comparing rates from multiple companies is crucial. However, finding the best coverage for your needs requires a thorough comparison. This is where Beem—an online marketplace for insurance—comes in. Use Beem to access quotes from every major car insurer, allowing you to compare options and save hundreds of dollars annually on your premiums.
Read Related Article: Car Insurance in Atlanta.
How Much Does Car Insurance Cost in Lansing?
In Lansing, the average driver pays about $1,450 a year for car insurance, which is less than the statewide average in Michigan but higher than the national average. Rates also vary based on age and credit score.
Younger drivers, especially teenagers, pay the highest premiums, which drop as they get older. People in their 50s usually get the best rates, paying around $1,356 every six months. Meanwhile, those in their 60s pay a bit more.
| Car insurance in Lansing Vs. Michigan | Average 6-Month Premium |
| Lansing average | $1,450 |
| Michigan average | $1,548 |
Rates of Car Insurance in Lansing By Credit Score
In Lansing, if you improve your credit score from really poor to exceptional, you could save about 79% on your insurance costs. Even a fair credit score could save you around $2,757 on a six-month policy. Focus on your credit score and improve it to save money on premiums.
| Credit Tier | Average 6-Month Premium |
| Very Poor | $4,682 |
| Fair | $1,924 |
| Good | $1,450 |
| Very Good | $1,195 |
| Exceptional | $970 |
Rates of Car Insurance in Lansing by Violation
Insurers prefer drivers who are less likely to get into accidents or break traffic laws. Thus, a clean driving record can keep your premiums low, while accidents, DUIs, reckless driving or speeding tickets can bump them up. The table below illustrates the impact.
| Incident | Average 6-Month Premium |
| DWI/DUI | $4,196 |
| Reckless Driving | $4,294 |
| At-fault Accident (damages less than $1,000) | $2,059 |
| At-fault Accident (damages greater than $2,000) | $2,284 |
| Speeding Ticket (16-20 mph over speed limit) | $2,386 |
Read Related Article: Motorcycle Insurance Vs. Car Insurance.
Conclusion
Getting the ideal car insurance requires understanding factors such as credit scores to driving records. Recent regulatory changes aim to enhance affordability and fairness, but drivers must shop around and compare options. Beem offers a convenient marketplace for accessing personalized quotes from leading insurers. With careful consideration and comparison, drivers can secure optimal coverage without overspending. Maintaining a clean driving record remains paramount for keeping insurance costs down. By making informed decisions and leveraging tools like Beem, Lansing drivers can find the right coverage to protect themselves and their vehicles without breaking the bank.
FAQs
What is the cheapest car insurance in Michigan?
The cheapest car insurance in Michigan varies depending on factors such as location, driving history, and coverage needs. Shopping around and comparing quotes from multiple insurers is the best way to find the most affordable option for your situation.
Why is Michigan’s car insurance so expensive?
Michigan’s car insurance is often considered expensive due to several factors, including the state’s unique no-fault insurance system, which provides unlimited personal injury protection (PIP) coverage. Additionally, high rates of uninsured drivers and costly medical care contribute to the state’s overall expense of auto insurance.
Is Michigan auto insurance high?
Michigan’s auto insurance rates are typically higher than the national average. Factors such as the state’s no-fault insurance system, high medical costs, and frequent insurance fraud contribute to the elevated cost of auto insurance for Michigan drivers.
