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Minimum insurance requirements: Drivers must carry at least a minimum of 50/100/10 liability insurance, Personal Injury Protection (PIP) and Property Protection Insurance (PPI). The state’s ...
As of September 2024, the average cost of Michigan state minimum auto insurance with $250,000 of PIP coverage is $844 per year or about $70 per month. However, ...
Bankrate takes a close look at minimum requirements for car insurance in each state. ... Michigan. 50/100/10. Six PIP options: minimum $50,000 for insureds on Medicaid. Minnesota.
In lieu of auto insurance, individuals can either (1) deposit $10,000 in cash, stocks, or bonds with the State Treasurer [33] who will issue a receipt [34] or (2) obtain a motor vehicle liability bond equal to the state minimum limits.
Michigan car insurance minimum requirements. Here is a breakdown of coverage types and limits required to drive legally in the state: $50,000 bodily injury liability per person.
The bare minimum coverage keeps you within the law, allowing you to register your car and get a new license, but it may not give you the full protection you need.
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