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Posted on: March 5th, 2010 by admin

As with any purchasing decision, an educated consumer makes better choices.  The same theory applies when it comes to shopping for cheap auto insurance Michigan.  All too often Michiganders just sit back as their insurance company gradually raises their rates.  Typically insurance companies will raise rates during your renewal period.  Most auto insurance policies are either 6 month or 12 month terms.  Insurance companies are always playing a guessing game when it comes to assessing risk and calculating the rates that they charge their clients.  When an insurance company takes you on as a client they have already made a guesstimate as to the risk that you pose.  Michigan residents historically pay more for their car insurance than the rest of the country, but that doesn’t mean that you can’t find low Michigan car insurance rates.

Before you begin shopping for cheap auto insurance Michigan you will need to become familiar with the basic parts of an auto insurance policy.  The main parts of a policy include bodily injury, property damage, comprehensive coverage, and collision coverage.  Bodily injury refers to the liability coverage that you would like to have on your policy.  If you are an individual who has significant assets you will want to make sure that you have adequate liability protection.  Ideally you would like your bodily injury (liability protection)  to exceed that of your personal assets.  If you have a net worth of $500,000 then you better have at least $500,000 in bodily injury protection.  Property damage refers to the coverage provided for colliding with a fixed object.  The next part of the policy that you will want to review is your comprehensive and collision coverage.  Your comprehensive coverage applies in situations of fire, theft, or vandalism.  A common occurrence that will also fall under your comprehensive coverage is a cracked windshield.  Finally you will want to make sure that you understand the different types of collision coverage that are available to you.  Without collision coverage, you will be solely responsible for all repair costs associated with fixing your vehicle in the case of an accident.  Now that you have a better understanding of the auto insurance basics, it is time to begin the search for low Michigan car insurance.

Finding opportunities to reduce your car insurance bill is the fun part.  I recommend purchasing online auto insurance Michigan.  The internet has changed the way that consumers research and purchase products.  Due to the overwhelming speed of the internet we are now able to compare quotes from multiple companies in a matter of minutes.  In years passed this could take days.  I recommend visiting an online insurance comparison site.  After providing a few pieces of basic information they will conduct a search on your behalf for the lowest rates available.  Click on one of the links above to visit a highly rated online insurance comparison site.

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