Insurance Costs for Michigan Residents

Discussion in 'Gen 2 Prius Main Forum' started by New Revelation, Oct 16, 2006.

  1. New Revelation

    New Revelation The Master Captain

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    Location:
    Liberty, TX
    Vehicle:
    2007 Prius
    This question is aimed for those who live in MI like myself mainly because our insurance requirements are a bit different compared to most other states.

    I'm doing some homework in checking in different insurance rates for the Prius. Now that the time is getting close for my car to come in I think it's important for me to check around for different auto rates.

    Currently I am with Progressive and since MI requires no-fault insurance I called to check a quote to add the 2007 Prius along with the Olds. Of course Progressive does not have the 2007 model in their system yet, so the quote I was given was based on 2006 models. And my quote was for full coverage of the Prius along with the Olds (not full coverage due to age), they were talking $1,625.35 for six months! :blink: That would've equaled to about $281 monthly. That's expensive.

    My driving record is excellent and though I am 29, I've never had any accidents (only one over 9 years ago and wasn't my fault--lived in TX at the time) or tickets, so I am unsure why that quote costed so much. Maybe some of you fellow MI residents could help me what coverages would be adequate for the Prius in particular since I admit I dont know alot about the coverages that are necessary. Perhaps I should shop around as well.

    Thanks for any help! :)
     
  2. tacomel

    tacomel New Member

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    I used to live in MI and for car insurance purposes I am glad I don't anymore. I did find that Traveler's, with their "Hybrid Traveler's" program, did indeed save me well over 10% versus what I had been paying on my total bill. Probably worth giving them a shot to at least give you a quote. (Here in WI, the total for TWO Prii at $500 deductible on each is $409 per 6 months!)
     
  3. cshbell

    cshbell New Member

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    Location:
    Grand Rapids, MI
    Vehicle:
    2006 Prius
    Hi Future Prius Owner,

    Congratulations on your forthcoming 2007 Prius! My wife and I love the 2006 Barcelona Red #6 we just took delivery on last month. For the record, we live in Grand Rapids, and I looked into insurance extensively, b/c it basically made the difference on whether or not we could afford the car.

    I'd be happy to give you our insurance information. We're paying $523.22 every 6 months through State Farm, or $87.20 every month.

    That's for normal no-fault insurance ($100K/$300K/$100K) with $100/ded comprehensive and $250/ded collision. My wife and I are 26 and 25, respectively, and have no citations or accidents (two clean records). We do receive additional discounts (multi-line and multi-vehicle) because our other car and our renter's policy is also through State Farm. From State Farm, at least, the Prius qualifies for a 10% discount because the keyfob is considered an "active" security system.

    I didn't shop around for insurance at all because I'm quite happy with our coverage and our agent, but I don't think you're going to be able to do much better than $87/month for a brand new car. We were thrilled when we got this quote, and it's what let us know that the Prius was the right car for us (as if the cars themselves aren't enough).

    If you want any additional information (or Prius driving thoughts from a fellow West Michigan driver), drop me a private message.

    Enjoy the car!
     
  4. AlphaTeam

    AlphaTeam Member

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    Vehicle:
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    I pay about $180 a month for my 2006 Prius (Full coverage) 1995 Buick Regal (PLPD) 1993 Buick Century Wagon (Full coverage).
    I'm 33 and my wife is 31. I've got 4 points and she has 2 points on driving record.
     
  5. eagle33199

    eagle33199 Platinum Member

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    Location:
    Minnesota
    Vehicle:
    2015 Prius v wagon
    Model:
    Two
    The problem might just be Michigan... then again, i grew up in Columbus, so take what i say with a grain of salt :lol:

    That being said, here in MN, i'm paying around $115/month, with 3 tickets on the record (one comes off next month - my agent estimated a 15% reduction in cost for that) and only being 24 (next march i hit the *magic* 25 and get another big reduction). I'm with Cincinnati insurance (Who, BTW, is great - a couple of years ago they replaced my mom's roof with no hassle after a hail storm, and the roof was 20 years old, almost time to be replaced anyways)

    Most companies give muti-car discounts when you insure with them, and various other discounts if you have a good agent. You gave the total number - Can you break it down on a per car basis? It's pretty much like comparing apples to oranges with that second car in there. or maybe apples to pears would be better.

    But by all means, shop around, get quotes from different places. What might be the best route is to find an independant insurance agent and ask him (or her) what the best you can do is. Often they'll have access to a dozen different insurance companies and they can find the one that has the best deal for you. One of my friends here was with AllState under his parents during college, came out here and went to them for a policy, and they wanted something like 1600 a year from him... he went somewhere else and ended up getting minimum coverage for under 800. So it's definately worth shopping around.
     
  6. Michgal007

    Michgal007 Senior Member

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    Location:
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    Vehicle:
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    N/A
    I have State Farm and paying $89/month for my 2006 Prius. I have a clean record. This rate includes 10% off my bill because I have their renter's insurance.
     
  7. qbee42

    qbee42 My other car is a boat

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    Location:
    Northern Michigan
    Vehicle:
    2006 Prius
    Our auto insurance is through Horace Mann, and we found the Prius to be less expensive than other new cars of similar value.

    Tom
     
  8. New Revelation

    New Revelation The Master Captain

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    Well maybe I need to check around some more then, because for some reason the quotes I have gotten were much higher, and I have a clean driving record as well. I do own two cars, other being the older one (84 Olds) but I need to see if I can get a better rate elsewhere. Alot of places I looked at talked on at $160 to $200 monthly for both cars, even after all the discounts (including ins score). So something isnt right. Or maybe I should keep the Olds as the commuter/work car and make the Prius the pleasure vehicle.
     
  9. riscky

    riscky New Member

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    <div class='quotetop'>QUOTE(Hopeful Future Prius Owner @ Oct 16 2006, 03:18 AM) [snapback]333321[/snapback]</div>
    Well I'm from Michigan... and have progressive (29 as well not accidents... etc) I pay about 730 for 6mos on my `06. I did find a few companies a little cheaper but I figured I would stick with Progressive... as they where between $20-30 for 6mos. Not "worth" the switch. While the travlers "hybrid" cost about 20-30 more for 6mos.
     
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