Oakland Auto Insurance in Michigan

Knowing the basics of Oakland auto insurance will surely help any driver find only the best and most affordable rates in the market. By paying close attention to the factors that affect Oakland car insurance, drivers can better analyze how they can get more quality protection at a lesser price.

Getting to Know Oakland Auto Insurance in Michigan

Looking for low cost car insurance in Oakland is easy. A number of insurance agencies offer free quotes and instant car insurance online. Car owners simply need to satisfy the basic requirements as mandated in the state law of Michigan, commonly known as 20/40/10 coverage. Basic requirements are as follows:

  • Bodily Injury Liability, lowest coverage of at least $20,000, maximum of $40,000
  • Property Damage Liability, lowest coverage of at least $10,000
  • Property Protection Insurance, minimum should be $1,000,000
  • Personal Injury Protection, with policies for medical expense coverage
  • Personal Injury Protection, with policies for loss of employment

Unlike some areas in the United States that follows the Tort system; Oakland, Michigan, follows the No-Fault system. This means that an insurance company will pay for damages and expenses up to the extent of the limit, no matter who is deemed responsible for causing an accident. In Oakland, car owners may lose their rights to sue, since the insurance will pay for it anyway regardless of who is at fault.

Car insurance coverage is tied together into different types of coverage. The easier way is to determine what is required by the city or state. Afterwards, knowing what you need as a car owner is the next step to know if you need more types of coverage. After meeting minimum requirements of auto insurance in Oakland, car owners may opt to purchase added coverage policies. Coverage for comprehensive damages, uninsured or underinsured motorist bodily injury, and uninsured/underinsured property injury should be considered before purchasing.

When trying to get an insurance quote from any agent, car owners need to remember not to go for the best offer they get. Shopping for more quotes is the best way to get the best deal possible. Since insurance companies set their own standards for computing premium rates, motorists should read and go through all quotes they get. In Oakland, premium rates are relatively higher compared to other areas in the US. An average car insurance premium a car owner pays in Michigan is around $2,299 compared to the US average of around $1,794. Despite this high premium average, there are still ways to lessen premiums, such as increasing deductibles, getting insurance bundles, and installing security and safety gadgets in the vehicle to be insured.

Insurance deductibles are amounts paid towards the claim before insurance covers the expenses. For most insurance companies, a $600 to $1,000 increase in deductibles could mean a 25% decrease in premium rates. Getting insurance for more than one vehicle or getting home insurance from the same company qualifies for at least 6% - 10% discount. Lastly, adding vehicle safety devices such as airbags, seatbelts, auto-lock security, and others.

Local auto insurance quotes in your area

AutoQuoteNow.com can help you compare car insurance quotes for auto insurance coverage in all of the following ZIP codes in Oakland


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