Want to know the least expensive used car to insure? We completed the research to save you time and effort!
This article will find a quick informational guide for car insurance in Michigan. Keep reading to find tips to lower Michigan premiums and other frequently asked questions.
Michigan Cheapest Used Cars to Insure
We ran 45 pre-owned vehicles from 2021 through the insurance quote generator and identified these cars as the most affordable to insure in Michigan.
1. Honda Accord
Honda’s 2021 Accord is a midsize car known for its reliability and has the cheapest full coverage policy in Michigan. It costs $81 monthly for full coverage insurance. That’s 45% more affordable than the average full coverage policy cost.
The savings are limited to the full coverage policy, though. Liability-only at $78 per month is higher than Michigan’s average liability-only policy of $70.82.
This great find of a pre-owned vehicle is loaded with safety features and was awarded the Top Safety Pick+ award from the Insurance Institute for Highway Safety.
2. 2021 Bronco by Ford
Ford’s 2021 Bronco, the second cheapest to insure in Michigan, is a small, 4-door SUV. Michigan’s full coverage insurance policy for the Ford Bronco is $97 monthly. That’s 34% more affordable than the average Michigan policy.
Liability-only insurance in Michigan for the Ford Bronco is $48 per month. That’s 32% more affordable than the average liability-only coverage policy.
Ford’s Bronco is a great pre-owned vehicle because it’s also a Top Safety Pick+ recipient from the Insurance Institute for Highway Safety.
3. 2021 Pacifica by Chrysler
Chrysler’s 2021 Pacifica is a minivan with the third most affordable insurance policy in Michigan. A full coverage policy in Michigan costs $108 per month. That’s 26% more affordable coverage than the average in Michigan. Liability-only costs $60 a month.
The Pacifica has flexibility in seating options with Stow n Go ® seating. It is a Top Safety Pick+ by the Insurance Institute for Highway Safety.
The 45 Cheapest Used Vehicles to Insure in Michigan
Using a quote generator, we ran the 45 used cars from Insurance Institute for Highway Safety’s (IIHS) 2021 Top Safety Pick+ 2021 list with a basic insurance policyholder profile. We created a ranked list to compare policy costs.
| Year | Make | Model | Full Coverage | Liability Only |
|---|---|---|---|---|
| 2021 | Honda | Accord | $81.00 | $78.00 |
| 2021 | Ford | Bronco | $97.00 | $48.00 |
| 2021 | Chrysler | Pacifica | $108.00 | $60.00 |
| 2021 | Mazda | CX-5 | $112.00 | $55.00 |
| 2021 | Subaru | Crosstrek | $112.00 | $51.00 |
| 2021 | Subaru | Outback | $115.00 | $57.00 |
| 2021 | Cadillac | XT6 | $117.00 | $64.00 |
| 2021 | Subaru | Forester | $118.00 | $57.00 |
| 2021 | Audi | Q5 | $122.00 | $53.00 |
| 2021 | Hyundai | Santa Fe | $123.00 | $66.00 |
| 2021 | Toyota | Highlander | $126.00 | $66.00 |
| 2021 | Ford | Explorer | $127.00 | $63.00 |
| 2021 | Honda | Civic | $127.00 | $70.00 |
| 2021 | Honda | Odyssey | $129.00 | $69.00 |
| 2021 | Volkswagen | ID | $129.00 | $68.00 |
| 2021 | Chevrolet | Trailblazer | $130.00 | $72.00 |
| 2021 | Nissan | Rogue | $130.00 | $64.00 |
| 2021 | Mazda | CX-9 | $131.00 | $59.00 |
| 2021 | Nissan | Murano | $131.00 | $68.00 |
| 2021 | Toyota | Sienna | $134.00 | $72.00 |
| 2021 | Subaru | Legacy | $135.00 | $69.00 |
| 2021 | Subaru | Ascent | $140.00 | $71.00 |
| 2021 | Mazda | 3 | $144.00 | $69.00 |
| 2021 | Acura | RDX | $145.00 | $70.00 |
| 2021 | Kia | K5 | $148.00 | $81.00 |
| 2021 | Acura | MDX | $151.00 | $77.00 |
| 2021 | Mazda | 6 | $151.00 | $74.00 |
| 2021 | Toyota | Camry | $151.00 | $81.00 |
| 2021 | Honda | Insight | $152.00 | $87.00 |
| 2021 | Audi | A6 | $153.00 | $66.00 |
| 2021 | Genesis | G70 | $158.00 | $81.00 |
| 2021 | Mercedes Benz | C-Class | $158.00 | $73.00 |
| 2021 | Volvo | V60 | $161.00 | $78.00 |
| 2021 | Volvo | S60 | $168.00 | $67.00 |
| 2021 | Acura | TLX | $169.00 | $88.00 |
| 2021 | Nissan | Altima | $171.00 | $92.00 |
| 2021 | Volvo | S90 | $173.00 | $61.00 |
| 2021 | Volvo | S60 Recharge | $174.00 | $73.00 |
| 2021 | Kia | Stinger | $175.00 | $89.00 |
| 2021 | Mitsubishi | Outlander | $178.00 | $73.00 |
| 2021 | Audi | A7 | $183.00 | $75.00 |
| 2021 | Lexus | ES 350 | $192.00 | $82.00 |
| 2021 | Lexus | IS | $195.00 | $73.00 |
| 2021 | Nissan | Maxima | $203.00 | $97.00 |
| 2021 | Tesla | Model 3 | $254.00 | $77.00 |
Full Coverage vs. Liability Insurance Costs
Full coverage insurance costs more than liability-only. Michigan is a no-fault state, so property damage liability is for out-of-state driving.
- Michigan Full Coverage Policy Average is $146.24 per month
- Michigan Liability-only Policy Average is $70.82 per month
Best Michigan Car Insurance Companies
The top three insurance companies that offer auto policies in Michigan are Home-Owners, Citizens Insurance Company of the Midwest, and Farm Bureau General.
Using Michigan complaint records for auto insurance companies, we created a list of the best Insurance companies. We compared companies with more than 200 million written premiums and ranked them using their complaint ratios.
Lower complaint ratios mean that claimants are more satisfied with the settlements provided.
| Company Name | Written Premiums | Complaint Ratio |
|---|---|---|
| Home-Owners | $ 669,205,892.00 | 0.04 |
| Citizens Insurance Company of the Midwest | $ 614,369,356.00 | 0.08 |
| Farm Bureau General | $ 375,766,934.00 | 0.09 |
| Allstate | $ 360,966,072.00 | 0.1 |
| Auto-Owners | $ 426,754,732.00 | 0.1 |
| Progressive Michigan | $ 693,247,571.00 | 0.1 |
| State Farm | $ 1,562,784,822.00 | 0.1 |
| Meemic | $ 278,527,060.00 | 0.11 |
| Memberselect | $ 656,312,193.00 | 0.11 |
| Progressive Marathon | $ 1,253,872,324.00 | 0.15 |
Tips to Lower Insurance Premiums in Michigan
Insurance premiums can be a chunk of change, and we all want to keep them as low as possible. Follow these tips to lower premiums in Michigan.
- Keep a clean driving record
- Get insurance quotes before purchasing a car
- Increase the deductible on your policy
- Shop around and routinely compare options
- Bundle insurance products and ask about discounts
Research Methodology
We focused on policy costs in the state of Michigan rather than national averages. Policy costs vary from state to state, so we have provided more specific information by narrowing our search to Michigan.
Using a basic driver profile with a Michigan address, we ran a list of 45 vehicles through an insurance quote generator.
Basic Driver Profile
For a basic driver profile, we used a single, 35-year-old male.
- Homeowner
- Owned the vehicle rather than leased or financed
- Employed full-time with Bachelor’s degree
- Does not work from home
- Insured for five or more years with the same carrier
- Did not bundle insurance products
- No tickets or accidents
We selected cars awarded the IIHS 2021 Top Safety Pick+. The IIHS is a nonprofit organization that provides independent safety ratings for vehicles on the market.
Here’s the breakdown of coverage policies we used for liability-only.
- $100,000/$300,000 Liability limits
- $100,000 property damage limits
- $10,000 Personal Injury Protection
For the full coverage policies, we added the following coverages to the liability selections.
- $1000 deductible on collision coverage
- $1000 deductible for comprehensive coverage
- $50/$1500 Rental Reimbursement
Frequently Asked Questions
What is the cheapest SUV to insure in Michigan?
Ford’s Bronco is the cheapest SUV to insure in Michigan. A full coverage policy for the 2021 Ford Bronco is only $97 a month. That’s lower than the state average for a used vehicle policy.
Are older cars cheaper to insure?
Older cars are cheaper to insure because of their lower value. A lower value saves the insurance company money when paying for a replacement on a full coverage policy.
How much liability insurance is required in Michigan?
Michigan requires automobile medical coverage of $250,000 per person and $500,000 per accident. The required out-of-state property damage is $10,000. Michigan is a no-fault state, meaning the driver’s insurance covers everyone in the vehicle, no matter who is at fault.
What is the penalty for driving without insurance in Michigan?
Driving without insurance in Michigan will result in fines. First-time offenders may pay up to $500 in fees and may spend up to a year in prison. Additionally, the offender’s driver’s license may be suspended for up to 30 days.
What is the basic insurance for a car?
Basic insurance for a car includes required liability insurance if a driver causes an accident. Liability insurance is required in most states. In addition to liability insurance, Comprehensive and Collision insurance are required by many lenders if your vehicle is financed.
What car has the highest insurance rates?
Antique, rare, luxury, or sports cars have the highest insurance rates. This is because the replacement costs for these vehicles are exceptionally high. Sometimes these vehicles must be covered by insurance companies specializing in expensive vehicles.
References
(2022). 2021 Calendar Year Complaint Ratios. Michigan Department of Insurance and Financial Services. Retrieved November 26, 2022, from https://difs.state.mi.us/ComplaintStats/ComplaintRatios/InsuranceCompanyList?coverageType=AUTO&forYear=2021
(2022). Michigan’s New Auto Insurance Law. Michigan Department of Insurance and Financial Services. Retrieved November 28, 2022, from https://www.michigan.gov/autoinsurance
(2022). 2021 Top Safety Picks. IIHS. Retrieved November 28, 2022, from https://www.iihs.org/ratings/top-safety-picks/2021
Jesse Cunningham V is a professional writer and licensed insurance agent. He has worked in the insurance industry in different capacities, starting as a customer service representative and working his way up to an independent agency owner. He is licensed in the states of Maryland and Pennsylvania for Property, Casualty, Life, and Health products. Jesse has worked with many national carriers, including Nationwide, State Farm, Travelers, and Liberty Mutual, and specializes in car and home insurance and health, life, accidental death, and disability insurance. He writes for multiple publications including FIXD and Bauple.com. All articles by Jesse are opinion-based. Speak with your licensed insurance agent about the particulars of your insurance before making any decisions.
