Michigan Insurance Requirements & Rates

Michigan requires minimum liability coverage of 50/100/10 (bodily injury per person / per accident / property damage). Michigan is a no-fault state, meaning your own insurance pays for your injuries regardless of who caused the accident. Uninsured motorist coverage is not required but recommended. Personal injury protection (PIP) is also required.

Michigan homeowners face risks from severe thunderstorms, flooding, tornadoes, winter storms. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $2,249.

Michigan requires riders under 21 to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is april–october.

Yes, workers' compensation insurance is required in Michigan. Businesses with fewer than 3 employees in certain industries may be exempt. Michigan has approximately 900,000 small businesses, with top industries including Automotive Manufacturing, Healthcare, Agriculture.

Yes, Michigan has expanded Medicaid. The state uses a state-federal partnership health insurance marketplace. The uninsured rate is 6%.

Yes, landlords in Michigan can require tenants to carry renters insurance as a condition of the lease. About 29% of Michigan residents are renters, with average monthly rent of $950.

Michigan has an uninsured motorist rate of 25.5%, which is above the national average. Factors include historically unlimited pip benefits drove premiums to among the highest nationally. Although uninsured motorist coverage is not required, it is strongly recommended.

With a median household income of $63,202, most Michigan families should consider 10-12x their annual income in life insurance coverage. Currently, 50% of Michigan households have life insurance.