Saginaw drivers pay an average monthly rate of $174 a month for full coverage, which is lower than the state average ($224) and higher than the national average ($148). The state-required minimum liability averages $61 per month, lower than the state’s average of $92, but much higher than the national average of $47.
The best protection is full coverage, which packages liability and collision for your protection if you suffer damage in an accident, plus comprehensive if your car is damaged by things like a hailstorm or by theft or vandalism.
Why is Auto Insurance so Expensive in Michigan?
There are numerous reasons Michigan drivers pay more for their insurance. Some rank Michigan as the most expensive state and some give Louisiana that spot, but either way, motorists in Saginaw will be paying roughly 85% more than drivers in other states.
Michigan is a no-fault state and no-fault states tend to have a higher cost because they typically require drivers to carry more types of insurance, such as medical coverage like Personal Injury Protection (PIP). And, in an effort to make it easier financially on drivers, the state has some of the most convoluted insurance requirements out there.
The state also requires drivers to carry more liability coverage than most states. Michigan requires:
In contrast, Texas requires $30,000/$60,000 for BI and $25,000 for PD. Pennsylvania, another no-fault state, requires $15,000/$30,000 BI and $5,000 PD.