In nine metro areas—Detroit, Miami/Fort Lauderdale, the Twin Cities, Tampa/St. Petersburg, Baltimore, Orlando, Jacksonville, Hartford, and New Orleans—yearly premiums exceeded $500 in all zip codes. Those cities include some of the nation’s poorest neighborhoods.
The people of Michigan just cannot wine when it comes to car insurance rates. The latest effort to “help” Michigan drivers lower their car insurance rates would to add a $2 charge to each vehicle insured in the state. That’s right the state wants to control costs by increasing premiums.
Some insurers may offer a discount if you set up an automated payment. This also reduces the chance of cancelled premiums. The drawback is that you may have no control over when the payment goes out.
An insurance claim is not the end of the world, but it can cost you a small fortune in the form of higher premiums. That means you need to be very careful how and when you file insurance claims.