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Sunday, March 25, 2007
Michigan Car Insurance Quotes And The Minimum Requirements
If you need a Michigan car insurance quote but you're not sure what to quote on, here are a few tips to get the right quotes and save money. This includes the minimum state requirements for auto insurance.
By law, Michigan requires that you purchase no-fault car insurance if you own a vehicle. According to Michigan's official state Web site, they have the most comprehensive no-fault auto insurance system in the country.
With this system, vehicle owners and their families are provided with unlimited medical and rehabilitation benefits, wage loss benefits and $20 per day for replacement services for up to three years if injured in an auto accident -- no matter who was at fault.
The minimum parts of a no-fault policy that must be carried on your vehicle are:
Personal Injury Protection, or PIP, which pays necessary medical costs if you are injured in an accident.
Property Protection, or PPI, which pays up to $1 million for damages your car does in Michigan to other property.
Residual Bodily Injury and Property Damage Liability Insurance, also known as BI/PD. This pays for defense costs and damages if you are found liable in an accident. The minimum limits you must purchase are:
Bodily Injury -- $20,000 per person who is hurt or killed in an accident, and $40,000 per accident if several people are hurt or killed.
Property Damage -- $10,000 for property damage in another state.
You can also increase your limits to provide more financial protection, and add optional coverages such as Uninsured Motorist and Comprehensive.
Since car insurance companies in Michigan charge different rates from company to company, one of the best ways to save money is to get several quotes. Provide the same information and request the same coverages for each quote in order to get the most accurate comparison.
By law, Michigan requires that you purchase no-fault car insurance if you own a vehicle. According to Michigan's official state Web site, they have the most comprehensive no-fault auto insurance system in the country.
With this system, vehicle owners and their families are provided with unlimited medical and rehabilitation benefits, wage loss benefits and $20 per day for replacement services for up to three years if injured in an auto accident -- no matter who was at fault.
The minimum parts of a no-fault policy that must be carried on your vehicle are:
Personal Injury Protection, or PIP, which pays necessary medical costs if you are injured in an accident.
Property Protection, or PPI, which pays up to $1 million for damages your car does in Michigan to other property.
Residual Bodily Injury and Property Damage Liability Insurance, also known as BI/PD. This pays for defense costs and damages if you are found liable in an accident. The minimum limits you must purchase are:
Bodily Injury -- $20,000 per person who is hurt or killed in an accident, and $40,000 per accident if several people are hurt or killed.
Property Damage -- $10,000 for property damage in another state.
You can also increase your limits to provide more financial protection, and add optional coverages such as Uninsured Motorist and Comprehensive.
Since car insurance companies in Michigan charge different rates from company to company, one of the best ways to save money is to get several quotes. Provide the same information and request the same coverages for each quote in order to get the most accurate comparison.
# posted by gopi @ 9:01 PM 
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