Cheapest Car Insurance In Saginaw, MI For 2024

USAA has emerged as the clear front-runner for the cheapest car insurance rates in Saginaw.

min read
Updated: 18 March 2024
Written by
Bob Phillips
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We’ve taken the time to review multiple top insurers and have found the most economical car insurance quotes in Saginaw, which is USAA.

This is an impressive feat, considering that the average annual car insurance cost in Saginaw is $1,702 which is much less than the statewide average .

We don’t just want to find the cheapest insurance for you; we aim to help you find the best coverage that caters to your specific needs and driving history. Whether you’re a young adult, a senior citizen, or somewhere in between, we’ve got you covered.

Our findings indicate that GEICO offers the cheapest full coverage, Nationwide offers the cheapest minimum coverage, Chubb provides the most cost-effective insurance for young adults, and Chubb also provides the cheapest insurance for seniors.

Cheapest And Best Car Insurance In Saginaw, MI 2024

Best Car Insurance, Saginaw, 2024

Compare The Cheapest Car Insurance In Saginaw, MI

Average Annual Cost Best For AM Best Rating J.D. Power Rating Overall Rating Get A Quote
USAA

$1,027

Cheapest

A++

876

4.9
Instant Quote
GEICO

$1,218

Cheapest Full Coverage

A++

824

4.9
Instant Quote
Nationwide

$819

Cheapest Minimum Coverage

A+

787

4.8
Instant Quote
Chubb

$981

Cheapest For Young Adults

A++

NR

4.8
Instant Quote
Chubb

$857

Cheapest For Seniors

A++

NR

4.7
Instant Quote
Scroll to see comparisons

Our Methodology

To find the cheapest car insurance rates in Saginaw, we've delved deep into various car insurance review sites and pored over public filings obtained from Quadrant Information Services. But our analysis doesn't stop there. We've also taken into account my extensive knowledge and expertise as a licensed insurance agent with over 15 years of experience and over three decades of buying car insurance.

52

Quotes Analyzed

15+

Years Of Industry Experience

23

Brands Reviewed

26+

Research Hours

Cheapest Car Insurance Companies In Saginaw, MI


Cheapest Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
10/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like Them

If you happen to be a driver in Saginaw with a military background or come from a military family, there’s great news for you. You might just be eligible for USAA car insurance. Our analysis reveals that USAA offers the most economical car insurance in Saginaw, without the need to bundle other insurance policies.

 

USAA not only provides the most affordable car insurance rates in Saginaw, but they also offer a variety of discounts to insured drivers, such as:

●       Bundle multiple policies

●       Responsible driver

●       Install anti-theft devices

●       Be a loyal member

●       Insure a new car

 

Their standard policy offers comprehensive coverage for a wide range of scenarios, including theft, accidents, vandalism, fire, and weather-related incidents. Plus, if you’re held liable for causing injuries or property damage, USAA’s coverage can help safeguard your hard-earned finances.

But here’s the best part – if you’re ever in an accident with an uninsured or underinsured driver, USAA’s got your back for your vehicle damage, injuries, and lost wages if you’re unable to work.

USAA’s website and mobile app are also top-notch, providing you with all the tools you need to easily report claims, track their progress, request roadside assistance, schedule vehicle inspections, and communicate with your adjuster. With these features, managing your policy and claims has never been easier or more convenient.

USAA’s dedication to providing excellent customer service has earned them the highest customer satisfaction ratings from JD Power among all reviewed insurers. Their members rave about their exceptional service, which is why they have such high member loyalty.

Benefits & Drawbacks

Benefits
  • The policies are available in all states, including the District of Columbia.
  • A comprehensive range of services, such as insurance, banking, and investing, are conveniently accessible from one central location.
  • The auto insurance offerings have received high levels of customer satisfaction.
Drawbacks
  • The services are limited to active military members, veterans, and their families.

Cheapest Overall Rates In Saginaw

Company Rate Per Year
USAA $1,027
GEICO $1,218
Farmers $1,113
Auto-Owners Insurance Co. $1,226
State Farm $2,087

Cheapest Minimum Coverage

Overall Rating
4.8

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like Them

Nationwide is a reputable insurance provider that provides a range of coverage options, including full and minimum coverage, in Saginaw. In terms of the minimum required coverage, Nationwide stands out as the most cost-effective option available.

In Michigan, the minimum required coverage for auto insurance is consistent across the state, and Nationwide offers policies that meet these requirements in Saginaw. The minimum coverage includes:

  • Bodily injury liability insurance: $50,000 per person / $100,000 per accident
  • Personal injury protection: $250,000 with exceptions for drivers who have Medicare or Medicaid
  • Property protection insurance: $1,000,000
  • Property damage liability insurance: $10,000

Nationwide’s standard coverage is more comprehensive than the minimum required coverage, as it includes features such as comprehensive and collision insurance. The insurer also provides a loyalty rewards program that is available to all customers, regardless of their coverage amount. This program offers several benefits to policyholders, including:

• Minor accident forgiveness: Policyholders can take advantage of Nationwide’s minor accident forgiveness, which ensures that their rates will not increase, even if they are at fault for a small accident, as long as the repairs fall within Nationwide’s accident threshold. There is no limit to the number of times a policyholder can use this feature.

• Waived or reimbursed deductible: In the event of a covered loss affecting both a policyholder’s house and car, Nationwide offers the option to waive the auto and home deductible or to reimburse for the lowest deductible available.

• Guaranteed repairs for life: If a policyholder chooses to have their vehicle repaired at a Nationwide-approved auto repair shop, they can enjoy the peace of mind that comes with a lifetime guarantee on those repairs.

Nationwide provides convenient ways to manage auto insurance policies through its website and mobile app. Customers can easily start a claim, obtain insurance ID cards, and manage their policy through both platforms. Additionally, the company offers a separate app for its SmartRide program, which tracks driving behavior and offers discounts for safe driving habits.

Benefits & Drawbacks

Benefits
  • Long-term customers can enjoy generous extras.
  • There are numerous discounts available to customers.
  • For an insurer of its size, there are relatively few complaints to state regulators.
Drawbacks
  • Although this insurer provides coverage for car owners, their J.D. Power score falls below the industry average.
  • Customers with a DUI on their record may face higher than average premiums with this insurer.

Cheapest Minimum Coverage Rates In Saginaw

Company Rate Per Year
Nationwide $819
Progressive $842
GEICO $908
Auto Owners $1,216

Cheapest For Full Coverage

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like Them

While USAA typically offers lower rates, GEICO is the top choice in this category since it’s available to everyone, not just military members and their families like USAA.

When it comes to car insurance in Saginaw and across Michigan, a full coverage policy provides comprehensive and collision coverage in addition to the state’s required minimum coverage. Personal injury protection and property protection insurance are also included.

In addition to offering the most cost-effective comprehensive car insurance in Saginaw, GEICO has earned a stellar reputation for its top-notch customer service, efficient policy renewals, streamlined claims processing, favorable customer referrals, and high levels of customer loyalty.

Full coverage in Michigan includes:

  • Property protection insurance: $1,000,000
  • Bodily injury liability insurance: $50,000 per person / $100,000 per accident
  • Property damage liability insurance: $10,000
  • Collision insurance: covers up to the value of the vehicle
  • Comprehensive insurance: covers up to the value of the vehicle
  • Personal injury protection: $250,000 with exceptions for drivers who have Medicare or Medicaid

When financing a vehicle in Saginaw, lenders typically mandate that you have full coverage insurance, which includes collision and comprehensive coverage, in addition to the state’s minimum required coverage.

Benefits & Drawbacks

Benefits
  • The website and mobile app offer easy access to policy information and claims.
  • J.D. Power awarded high customer satisfaction ratings for car insurance.
  • Customers can take advantage of a variety of discounts to save money.
Drawbacks
  • A limited number of local agents are available to assist customers in person.
  • Gap or rideshare insurance isn't available, which could be important for certain drivers.

Cheapest Full Coverage Rates In Saginaw

Company Rate Per Year
GEICO $1,027
Farmers $1,113
Auto-Owners Insurance Co. $1,226
Progressive $3,032
State Farm $2,087

Cheapest For Young Adults

Overall Rating
4.7

Key Statistics

9/10 Affordability
9/10 Customer Reviews
10/10 Claims
10/10 Coverage Level

Why We Like Them

Auto insurance rates for young adults in Saginaw are typically higher due to a higher frequency of accidents among this demographic. However, Chubb offers the most affordable car insurance rates for this group, regardless of income level. While Chubb is commonly known for catering to high-income clients with property and casualty insurance, the Masterpiece auto insurance policy offers benefits for owners of expensive vehicles of all ages, including:

  • Generous rental reimbursement coverage: Chubb provides up to $15,000 for rental car expenses, with no per-day limit.
  • OEM parts coverage: Chubb sets itself apart from other insurers by offering coverage for original equipment manufacturer parts, rather than cheaper aftermarket alternatives.
  • Worldwide rental car coverage: Chubb’s auto policy extends to rental car damages you incur anywhere in the world, which makes it ideal for young adults studying abroad.
  • Lifetime repair guarantee: Chubb guarantees repairs made at a Chubb-certified shop for the lifetime of the vehicle.
  • Lock and key replacement: Chubb provides key replacement with zero deductible, ensuring the security of policyholders is always maintained.
  • Removal of personal information: If a car is declared a total loss after a collision, Chubb takes care of removing any personal information that may have been stored in the vehicle’s systems. This includes wiping out GPS addresses, phone contacts, and garage door codes, thus ensuring the privacy of policyholders is protected.

Chubb offers a variety of ways to manage your auto insurance policy, including through its website and mobile app. Policyholders can start a claim, obtain insurance ID cards, and manage their policy on both platforms. Chubb also has a separate app for its SmartRide program, which tracks driving behavior and provides discounts for safe driving habits.

Benefits & Drawbacks

Benefits
  • Affordable rates are available for young drivers.
  • Exclusive perks and top-notch coverage are offered for high end clients.
  • The number of complaints received is lower than expected for an auto insurance company.
Drawbacks
  • Rates for adult drivers are higher than normal
  • Compared to other car insurance providers, the availability of agents is limited.

Cheapest Coverage For Young Adults

Company Rate Per Year
Chubb $981
GEICO $908
Auto-Owners $1,217
Encompass $1,359
State Farm $2,091

Cheapest For Seniors

Overall Rating
4.7

Key Statistics

9/10 Affordability
9/10 Customer Reviews
10/10 Claims
10/10 Coverage Level

Why We Like Them

As time goes by, drivers may notice a decrease in their car insurance rates as they age, assuming they maintain a clean driving record. This is due to the fact that insurers view older drivers as a less risky group, thanks to their extensive driving experience, well-established driving records, and higher credit scores.

For senior drivers, there are additional ways to lower their car insurance costs, including bundling their policy with other products from the same insurer and taking advantage of various discounts such as good driver incentives, loyalty perks, and early renewal discounts.

While Chubb has a reputation for insuring high-end vehicles, it actually offers the most affordable rates for seniors. This is because the vehicles owned by senior drivers tend to have a higher value compared to those of younger drivers. Furthermore, Chubb’s “concierge service” has impressed seniors who receive personalized attention while filing claims.

While communicating with their insurer via mobile apps or text messaging may appeal to some younger drivers, many seniors prefer to speak with a live customer service representative. Chubb acknowledges and values this preference, and therefore ensures that its clients have easily accessible customer service options.

Benefits & Drawbacks

Benefits
  • Chubb has received an A++ rating for financial strength from AM Best.
  • Multiple policy options are available to meet household insurance needs.
  • Generous coverage options are offered.
Drawbacks
  • Online quotes are not available.
  • Chubb has fewer agents compared to many other car insurers.

Cheapest Coverage For Seniors

Company Rate Per Year
Chubb $857
GEICO $1,011
Progressive $1,114
Auto Owners $1,234
State Farm $1,902

Average Cost Of Car Insurance In Saginaw

Insurance Company Average Monthly Quote
USAA $75
GEICO $87
Safeco $119
State Farm $173
Auto Owners $101

Average Cost In Saginaw – By Age

Age Group Average Annual Rate
Teenagers $2,004
Under 25 $1,524
25-29 $1,068
30s $954
40s $1,104
50s $972
60s $852
70+ $1,031

Average Cost In Saginaw – By Gender

Gender Annual Rate
Female $2,245
Male $2,252

Average Cost In Saginaw– By Marital Status

Marital Status Average Monthly Cost
Single $164
Married $125

Average Monthly Cost In Saginaw With An Accident

Insurance Company Average Monthly Rate
Auto-Owners $119
Farmers $127
Travelers $157
GEICO $195
State Farm $208

Average Monthly Cost In Saginaw– By Credit Tier

Very poor: $1,485
Fair: $938
Good: $812
Exceptional $748

Average Cost In Saginaw– By Zip Code

ZIP Code
Average Monthly Rate
48906 $94
48933 $95
48910 $102
48911 $98
48912 $101
48937 $104
48915 $102

Minimum Car Insurance Requirements In Michigan

If you’re in the market for car insurance in Michigan, it’s crucial to be aware of the state’s minimum coverage requirements.

  • Bodily injury liability per accident: $100,000
  • Property protection within Michigan: $1 million
  • Personal injury protection: $250,000 (lower limits are allowed for some Medicare and Medicaid recipients)
  • Property damage liability per accident outside Michigan: $10,000
  • Bodily injury liability per person: $50,000

While it’s important to take note of Michigan’s minimum coverage requirements when buying car insurance, it’s also wise to assess whether you require additional coverage based on your unique driving habits and the value of your vehicle.

If you often spend extended periods on the road or own a high-value car, it may be worth considering adding collision and comprehensive insurance to your policy. Doing so can provide added security and protection in the event of an accident or unforeseen circumstance, giving you greater peace of mind while driving.

How To Buy Car Insurance In Saginaw

When it comes to buying car insurance in Saginaw, the process should be straightforward and hassle-free. You have the option of either working with an agent or shopping online, depending on your preference.

Do Your Information Gathering

Before starting your search for car insurance, it’s important to gather certain details that insurance companies will require in order to provide an accurate quote. This includes information such as:

  • Name and birthdate of everyone who will be on the policy
  • Your current insurer, if applicable, and your current coverage limits
  • Drivers license numbers for each person to be covered
  • Driving history for all drivers, including tickets, accidents, or any other violations
  • Facts about the car: make, model, vehicle identification number, safety features, current odometer reading, annual miles driven

Determine Your Coverage Needs

Knowing how much car insurance coverage you need is crucial before you make a purchase. If you’re unsure about the amount of coverage that’s appropriate for you, you can refer to the minimum car insurance requirements in Michigan. These requirements include:

  • Property protection within Michigan: $1 million
  • Bodily injury liability per accident: $100,000
  • Personal injury protection: $250,000 (lower limits are allowed for some Medicare and Medicaid recipients)
  • Property damage liability per accident outside Michigan: $10,000
  • Bodily injury liability per person: $50,000

If you find yourself unsure about the coverage you need for your car insurance, working with an agent can be beneficial in helping you determine your specific requirements. An agent can provide you with professional advice and guidance on the best type and amount of coverage for your needs.

Choose Your Buying Method

There are two primary ways to buy affordable car insurance. The first option is to work with an insurance agent, which may seem daunting but can actually be quite helpful. There are different types of agents available, including captive agents who work with a single insurance company, brokers who work with multiple insurers, and specialty agencies that cater to drivers with a history of accidents or other issues.

If you prefer not to speak with an agent, buying car insurance online is a great option. You can easily enter your information and receive quotes outlining all of your policy options and pricing. Plus, you can complete the application right then and there!

Ultimately, the decision of whether to work with an agent or purchase insurance online depends on your personal preference. Regardless of which option you choose, finding affordable car insurance in Saginaw can be a breeze!

Compare Companies

Comparing car insurance quotes from multiple companies is a smart move when shopping for coverage. However, it’s not just about finding the cheapest option. Make sure to review the coverage limits offered by each insurer to ensure you’re comparing apples to apples.

Once you have a few options, it’s worth taking the time to do some additional research. Visit the National Association of Insurance Commissioners website to see how many complaints have been filed against each company. This information can give you insight into the level of customer service and support you can expect from each insurer. Ultimately, choosing a reputable company with a track record of satisfied customers can give you peace of mind when it comes to your car insurance coverage.

Buy Your New Policy And Cancel Your Old One

As exciting as it can be to get behind the wheel of a brand new car, it’s important to remember that car insurance is a must-have before hitting the road. Not having coverage could lead to significant financial consequences in case of an accident or theft.

If you’re simply replacing your existing vehicle, don’t forget to inform your current insurance provider that you’re canceling the policy. However, before canceling, ensure that your new insurance policy is in place and ready to go. Having a gap in coverage could potentially leave you unprotected and liable for any damages incurred during that time.

It’s also worth noting that canceling an existing policy before the renewal date may result in a cancellation fee. On the bright side, you may be eligible for a refund of any unused premiums, so be sure to ask about that.

Factors That Impact The Cost Of Your Car Insurance Policy In Saginaw

Here are some of the factors that insurance companies take into consideration when determining your rates:

• State requirements: It’s important to ensure that your policy meets the minimum coverage requirements set by the state of Michigan. This is mandatory and non-negotiable.

• Your age: Your age can have a significant impact on your rates. Younger drivers under the age of 25 tend to pay more because they are often less experienced and more likely to have accidents. However, rates typically start to decrease after you turn 25.

• Car make and model: The type of car you drive can also affect your rates. Safer vehicles are generally less expensive to insure, while high-performance vehicles like a Ford Mustang GT can cost significantly more to insure than a Ford Focus with a 4-cylinder engine.

• Your driving record: If you have a history of accidents or traffic violations, your rates are likely to be higher than someone with a clean record. Insurance companies see you as a higher risk, so they charge more to insure you.

• Yearly mileage: The amount of driving you do can also impact your rates. If you have a long commute, you may pay more than someone who only uses their car for leisurely drives.

• Credit history: Surprisingly, your credit score can play a role in determining your rates. Insurers view people with good credit as more responsible and less of a risk, so they charge them less than those with poor credit.

• Zip code: Where you live and park your car at night can also affect your rates. Depending on the likelihood of your car getting damaged in your area, you may be eligible for a discount or a rate increase.

• Marital status: If you’re married, you may pay less than someone who’s single. This is because statistically, married drivers are seen as less expensive to insure.

• Gender: Finally, your gender can also play a role in determining your rates. Men around the age of 45 tend to pay 6% less than women the same age, but the gap between genders tends to even out for drivers in their 30s.

Car insurance Discounts In Saginaw

Auto insurance rates in Saginaw, a city located in central Michigan, may vary from other areas in the state. Therefore, it is essential to compare and explore options to save on your car insurance premiums. Some of the commonly available discounts that could help you reduce your insurance costs in Saginaw are:

  • Low mileage discount
  • Good student discount
  • Good driving history
  • Vehicle safety features
  • Customer loyalty
  • Military discount
  • Being claims-free
  • Senior discount

Michigan Car Insurance Laws To Know

As a driver in Michigan, it’s essential to have the right auto insurance coverage to meet the state’s minimum requirements. This includes liability coverage of 50/100/10, Personal Injury Protection (PIP) coverage, and Property Protection Insurance (PPI) of at least $1 million.

It’s worth noting that Michigan operates under a no-fault insurance system, which means drivers must carry proof of insurance that shows they have PIP, PPI, and third-party liability coverage. So make sure you have the appropriate coverage to avoid any legal issues and protect yourself on the road.

In The News

It seems that car insurance premiums are set to increase by an average of 8.4% this year, as reported by Repairer Driven News. This comes after a slight decrease of 0.6% in 2022, marking the most significant rate increase since 2017.

Information About Saginaw

Saginaw is a city located in the U.S. state of Michigan, situated about 100 miles north of Detroit. The city is located on the Saginaw River and is home to Saginaw Valley State University.

While not as well-known as Detroit, Saginaw has its own unique character and rich history. Known as the “Gateway to the North,” Saginaw played an important role in the lumber industry and was home to several prominent lumber barons in the late 1800s. The city is also home to the Saginaw Art Museum, which features a diverse collection of artwork from around the world.

Saginaw has undergone significant revitalization in recent years, with a focus on developing its downtown area. The city has a thriving arts and culture scene, with several theaters, music venues, and art galleries. Saginaw is also home to the historic Temple Theatre, which hosts a variety of concerts and shows throughout the year.

Although not as populous as Detroit, Saginaw is an important city in its own right, with a population of over 48,000. It is the 13th largest city in Michigan and serves as a vital hub for the region’s economy and transportation.

FAQs

How much does car insurance cost in Saginaw on average?

Car insurance in Saginaw averages around $2,088

Do I need car insurance in Saginaw?

Michigan state law requires all drivers, including those in Saginaw, to have auto liability insurance.

What is the cheapest car insurance in the state of Michigan?

Recent studies reveal that in Michigan, Travelers provides the most cost-effective insurance rates for good drivers, whereas Secura offers the most affordable full coverage.

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