Ways to Lower The Cost of Car Insurance in Detroit, MI
The average cost of auto insurance in Detroit, Michigan, is $2,558. This is lower than the cost of auto insurance in neighboring places such as Oak Park, Royal Oak Charter, Pleasant Ridge, Hazel Park, and Highland Park. Car owners can save more on auto insurance by comparing multiple auto insurance quotes from different car insurance companies. The cost of car insurance can vary from one neighborhood to another depending on the rate of auto thefts in that area and the make and model of the vehicle.
The cost of auto insurance is dependent on numerous factors such as the age of the driver, rate of deductibles, and demographics. Below are some of the ways in which car owners can reduce the cost of auto insurance in Detroit, MI.
Car owners with multiple vehicles can improve savings by insuring all their vehicles with the same auto insurance company. Multi-car insurance policies can greatly help in reducing the cost of auto insurance. The cost of insuring two vehicles in Detroit is $4,502. This can help in improving savings to $614. Car owners here can save up to $1,228 on multi-car insurance policies. This completely depends on the number of cars that the owner possesses.
Car insurers across Michigan offer discounts to drivers that install anti-theft devices. GEICO offers a discount of up to 25% on installing approved anti-theft devices or alarms. Progressive, too, offers discounts of up to 25% on anti-theft devices and alarms.
In Detroit, car owners can save up to $180 on a single anti-theft device.
With the advent of technology to help determine the cost of insurance based on the number of miles driven, insurance companies have also started offering better discounts to drivers who drive below a certain limit, hence contributing to a reduction in emissions. Car insurance companies also provide discounts to owners who own hybrid and electric vehicles, since this contributes to the reduction in emissions as well.
Lots of insurance companies provide discounts to young student drivers. This also depends on a good grade point average. Some car insurance companies also provide discounts between 8-10 percent to drivers under the age of 21, called the driver training discount.
While looking to lower the cost of car insurance, it is also essential to remember to strike a balance between your requirements and the cost. The cost of car insurance is influenced by numerous factors, ranging from micro-level factors such as the street one lives to macro-level factors such as the make of the car. It would also be wise to look into the best insurance companies in Detroit and Michigan before arriving at a decision.