Michigan Legislation has been successful in lowering the 'Twice the National Average' Car Insurance and continues to work in this area to compete with other states and give consumers more choice in insurance companies.
Figures from summer of 2016. We are still considered the most expensive in the nation for a number of years.
#1. Michigan Avg. insurance premium: $2,476 + an annual assessment fee of $186 per vehicle to the Catastrophic Claim Association — the fee is not included in the annual average insurance cost. Michigan is the most expensive state in which to own a car, with the cost driven largely by high insurance premiums. Michigan has a relatively unusual, no-fault auto insurance system, (12 states also have no fault insurance.) Car owners in Michigan need to purchase (PIP) personal injury protection insurance to ensure unlimited medical bills coverage for all parties involved in an accident for life. Funds are also available for 24 hour in home attendant care by family. Michigan Most Expensive State for Car Insurance by Michael Strong on Mar.07, 2016 (complete article)
Insurance coverage in Michigan is more than twice as expensive as the national average. The average cost of car insurance in Michigan is $2,738 a year: more than double the national average of $1,325. It marked the third year in a row that the Wolverine state took top “honors,” and according Insure.com, which put together this year’s survey, it’s unlikely to change anytime soon.
Maine repeated as the low-cost champ at $808 for the second consecutive years. It was joined by Ohio, and Wisconsin, as the least costly states to insure a vehicle.
Ohio has an extremely competitive insurance industry. There are more than 650 issuers competing for business within the state.” The national average for a full-coverage policy as featured in the Insure.com report came in at $1,325 this year – a slight increase from last year’s average of $1,311.
Rates varied from a low of $808 a year in Maine to the aforementioned $2,738 in Michigan.