How much does PLPD insurance cost in Michigan?
Michigan PLPD insurance is the same as carrying the minimum requirements for car insurance, which has a coverage limit of 20/40/10. Our article will help you learn more about PLPD insurance cost in Michigan and its requirements.
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Joel Ohman
Certified Financial Planner
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...
Certified Financial Planner
UPDATED: Nov 27, 2023
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Michigan is known to carry the most expensive car insurance rates in the United States.
- PLPD insurance is the same as liability coverage.
- The minimum requirements for auto insurance are different in each state.
- Michigan motorists aren’t required to have Personal Injury Protection attached to their PLPD insurance coverage.
Michigan PLPD insurance has a lower coverage limit than most states in the U.S. Since the coverage limits are so low, how much does PLPD insurance cost in Michigan?
PLPD insurance cost depends on the company, the location, and several factors that determine car insurance. Follow us through this guide to learn how much Michigan car insurance costs.
You can find cheap PLPD auto insurance in Michigan by doing a quick comparison shopping. But if you want to skip instant PLPD insurance quotes, for now, continue reading to learn more about PLPD insurance requirements.
How much does PLPD insurance cost in Michigan?
PLPD insurance cost varies by company. So how much is PLPD insurance in Michigan? Before we continue, let’s look at the average annual rates for PLPD insurance costs from the top car insurance companies in Michigan.
Michigan Average Car Insurance Annual Rates By Coverage Level
| Companies | Average Annual Rates with Low Coverage | Average Annual Rates with Medium Coverage | Average Annual Rates with High Coverage |
|---|---|---|---|
| USAA | $3,511.28 | $3,626.86 | $3,716.05 |
| Progressive | $5,188.80 | $5,360.96 | $5,512.79 |
| Geico | $5,987.51 | $6,327.85 | $6,832.27 |
| Nationwide | $6,579.61 | $6,181.29 | $6,101.40 |
| Farmers | $8,048.64 | $8,253.96 | $8,523.10 |
| Travelers | $8,616.35 | $8,716.50 | $8,788.45 |
| State Farm | $11,845.05 | $12,560.38 | $13,040.02 |
| Liberty Mutual | $19,452.55 | $19,868.02 | $20,418.71 |
| Allstate | $22,238.06 | $22,873.48 | $23,352.73 |
Each column shows annual PLPD insurance rates based on coverage level. USAA has the cheapest PLPD auto insurance in Michigan, but USAA is only available to members of the U.S. Armed Forces. The second cheapest PLPD insurance in Michigan is Progressive PLPD insurance.
PLPD vs. Full Coverage Cost
What does PLPD mean in insurance? PLPD insurance, or Personal Liability and Property Damage insurance, is another way of saying liability car insurance.
Liability coverage is made up of bodily injury liability and property damage liability.
Full coverage insurance is made of liability, collision, and comprehensive coverage. Collision insurance coverage is designed to provide car insurance customers with property damage coverage regardless of who is at fault. Meanwhile, comprehensive car insurance provides compensation for accidents that don’t involve a collision, such as a fire, flood, vehicle theft, or other types of unforeseen accidents.
The average monthly liability coverage rate in Michigan is $68 per month, while the average monthly full coverage rate is $116 per month.
What are the PLPD insurance requirements in Michigan?
The low coverage level has a PLPD coverage limit of 20/40/10. According to the Michigan Department of Insurance and Financial Services, the 20/40/10 coverage means $20,000 for bodily injury of one person per accident, $40,000 for bodily injury of multiple people per accident, and $10,000 for property damage.
Your Michigan insurance company can offer higher coverage levels, but your premium will be more expensive. Standard medium coverage level limits are 50/100/50, while high coverage limits can be 100/300/100. Some companies offer coverage limits in the $500,000s.
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Who has the cheapest car insurance in Michigan?
We saw the average annual rates based on coverage level, now let’s find the cheapest car insurance in Michigan based on the average annual rates.
Michigan Average Annual Car Insurance Rates By Company
| Companies | Average Annual Car Insurance Rates | Average Annual Rates Compared to State Average ($) | Average Annual Rates Compared to State Average (%) |
|---|---|---|---|
| USAA | $3,618.06 | -$6,808.70 | -188.19% |
| Progressive | $5,354.18 | -$5,072.58 | -94.74% |
| Nationwide | $6,287.43 | -$4,139.33 | -65.84% |
| Geico | $6,382.54 | -$4,044.22 | -63.36% |
| Farmers | $8,275.23 | -$2,151.53 | -26.00% |
| Travelers | $8,707.10 | -$1,719.67 | -19.75% |
| State Farm | $12,481.81 | $2,055.05 | 16.46% |
| Liberty Mutual | $19,913.09 | $9,486.33 | 47.64% |
| Allstate | $22,821.42 | $12,394.66 | 54.31% |
Progressive and USAA have the cheapest car insurance rates. If you think they’re too expensive, you can try other companies like MetLife car insurance in Michigan. You can find cheap PLPD car insurance in Michigan by comparison shopping for rates.
Is Michigan getting rid of no-fault insurance?
Michigan car insurance laws have been reformed over the past year. According to the Michigan Department of Insurance, as of July 1, 2020, drivers can skip Personal Injury Protection (PIP).
Before July 2020, Michigan motorists enrolled in PIP as part of the minimum requirements for car insurance. Uninsured/underinsured motorist coverage is not required but is highly recommended.
Case Studies: Cost of PLPD Insurance in Michigan
Case Study 1: Young Driver With Clean Record
John is a young driver in Michigan with a clean driving record. He recently purchased a used car and opted for PLPD insurance. Due to his responsible driving habits and lack of prior accidents or violations, John qualifies for lower insurance rates. As a result, his PLPD insurance cost is relatively affordable.
Case Study 2: Experienced Driver With Prior Accidents
Sarah has been driving in Michigan for many years but has a history of prior accidents. Her insurance provider considers her higher risk due to the accidents on her record. As a result, Sarah’s PLPD insurance cost is higher to reflect the increased perceived risk associated with her driving history.
Case Study 3: Vehicle Value and PLPD Coverage
Mike owns an older vehicle with a lower market value. Since PLPD insurance does not cover damages to his own vehicle, Mike opts for this coverage to meet Michigan’s minimum insurance requirements while keeping his premiums affordable. As a result, his PLPD insurance cost is relatively lower compared to more comprehensive coverage options.
Case Study 4: Insurance Provider Comparison
Samantha is shopping around for PLPD insurance in Michigan. She requests quotes from multiple insurance providers and compares their offerings. Samantha finds that the cost of PLPD insurance varies among providers due to their individual pricing structures and factors considered when calculating premiums. By comparing quotes, Samantha can find the most competitive rate for her PLPD coverage.
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Michigan PLPD Insurance: The Bottom Line
The cost of insurance in Michigan can be expensive. With the right discounts, you can save hundreds of dollars on car insurance. Although you can opt out of PIP, we recommended that you add it to your policy anyway. Opting out can make your policy cheaper, but it’s better to invest in PIP just in case.
Also, think about adding uninsured/underinsured motorist coverage. This will prevent any surprises if you’re in an accident with a driver who doesn’t have insurance or doesn’t have enough on their coverage limits. Companies in Michigan are generally more expensive than in the surrounding states. Ask about available discounts to cut the price of car insurance to more affordable rates.
Now that you know what the PLPD insurance Michigan cost is, you are ready to make your decision. You can start looking for cheap PLPD insurance in Michigan right away. Find which Michigan PLPD car insurance company is for you.
Frequently Asked Questions
What is PLPD insurance?
PLPD stands for Personal Liability and Property Damage insurance. It is a basic form of car insurance coverage that provides liability protection for bodily injury and property damage caused to others in an accident.
How much does PLPD insurance cost in Michigan?
The cost of PLPD insurance in Michigan can vary based on several factors, including your driving history, age, location, type of vehicle, and coverage limits. Generally, PLPD insurance tends to be more affordable compared to comprehensive or full coverage policies. However, specific premium rates can only be determined by insurance providers after considering these factors.
Are there any minimum coverage requirements for PLPD insurance in Michigan?
Yes, Michigan has specific minimum coverage requirements for PLPD insurance. The minimum liability limits are $20,000 for bodily injury or death per person, $40,000 for bodily injury or death per accident if multiple people are involved, and $10,000 for property damage per accident.
What does PLPD insurance cover?
PLPD insurance covers liability for bodily injury and property damage caused to others in an accident where you are at fault. It does not provide coverage for your own vehicle’s damages or injuries you may sustain.
What are the pros of PLPD insurance?
- Affordability: PLPD insurance tends to be more cost-effective compared to comprehensive or full coverage policies.
- Minimal coverage: If you have an older or less valuable vehicle, PLPD insurance may be sufficient to meet legal requirements without paying for extensive coverage you may not need.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Joel Ohman
Certified Financial Planner
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...
Certified Financial Planner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.