Anamarie Waite, Car Insurance Writer
@anamarie.waite
Full coverage insurance in Michigan is usually defined as a policy that provides collision and comprehensive insurance plus at least the state’s minimum required coverage: $50,000 in bodily injury coverage per person (up to $100,000 per accident) and $10,000 in property damage coverage. Full coverage in Michigan also includes personal injury protection and property protection insurance.
The average cost of a full coverage car insurance policy in Michigan is $3,397 per year. On the other hand, a state-minimum policy costs an average of $1,300 per year.
Full Coverage in Michigan Includes:
- Bodily injury liability insurance: $50,000 per person/$100,000 per accident
- Property damage liability insurance: $10,000
- Property protection insurance: $1,000,0000
- Personal injury protection: $250,000, with exceptions for drivers who have Medicare or Medicaid
- Collision insurance: covers up to the value of the vehicle
- Comprehensive insurance: covers up to the value of the vehicle
Collision insurance covers repair or replacement costs for your own car if you are in an accident, regardless of who was at fault. It is often purchased with comprehensive insurance, which covers repair or replacement costs if your car is damaged by something besides an accident, like theft, vandalism, or animals. When you finance a car, lenders usually require collision and comprehensive coverage in addition to the insurance you must have under Michigan law.
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