Are you regretting the purchase of an overpriced car insurance policy? You're preaching to the choir because you are not the only one feeling buyer's remorse.

A recent car insurance study revealed that nearly 70% of consumers kept their coverage with the same car insurance company for at least four years, and about 40% of consumers have never quoted rates to find cheaper coverage. Michigan City drivers could save almost 55% a year just by getting comparison quotes, but they don't understand how simple it is to compare rates online.

Companies like GEICO, Progressive and Allstate promote their brand names with advertising and consumers find it hard to see through the cute green geckos and mayhem and take the time to shop coverage around.

The best way to compare insurance rates in your area is to know the trick most of the bigger providers actually pay money for the chance to give free rates quotes. The only thing you need to do is provide a little information such as level of coverage desired, how much you drive, your occupation, and if it has an anti-theft system. Your details is automatically sent to many highly-rated insurers and you get price estimates with very little delay.

To check rates for your car now, click here and enter your zip code.

The companies in the list below can provide free quotes in Michigan City, IN. If several companies are displayed, it's highly recommended you click on several of them to get the most affordable price.

Insurance Rates for Popular Vehicles in Michigan City
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LT 2WD $996 $498 $83
Chevrolet Silverado LT Extended Cab 2WD $900 $450 $75
Dodge Ram Crew Cab Laramie 4WD $904 $452 $75
Ford Edge Sport 2WD $800 $400 $67
Ford Escape XLS 2WD $942 $471 $79
Ford F-150 Lariat Crew Cab Platinum 2WD $1,062 $531 $89
Ford Focus SES 2-Dr Coupe $986 $493 $82
Honda Accord EX 4-Dr Sedan $630 $315 $53
Honda CR-V EX-L 2WD $1,048 $524 $87
Honda Civic EX 2-Dr Coupe $1,332 $666 $111
Hyundai Elantra Blue 4-Dr Sedan $766 $383 $64
Jeep Grand Cherokee SRT-8 4WD $922 $461 $77
Mazda 3 S Grand Touring 4-Dr Sedan $1,012 $506 $84
Nissan Altima Hybrid 4-Dr Sedan $942 $471 $79
Toyota Camry SE $782 $391 $65
Toyota Corolla XLE $1,050 $525 $88
Toyota Tacoma 4WD $690 $345 $58
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in garaging location in Michigan City which can affect coverage prices substantially.

Analysis of deductible levels

One of the more difficult decisions when buying auto insurance is the level to set your comp and collision deductibles. The rates shown below show the rate differences when you buy lower versus higher physical damage coverage deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Toyota Corolla rates are for example purposes only. To get rates for your specific vehicle, click here.

Toyota Corolla insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $216 $430 $280 $16 $84 $1,051 $88
Corolla S $216 $430 $280 $16 $84 $1,051 $88
Corolla XLE $216 $430 $280 $16 $84 $1,051 $88
Corolla XRS $244 $430 $280 $16 $84 $1,079 $90
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Toyota Corolla insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $134 $270 $280 $16 $84 $784 $65
Corolla S $134 $270 $280 $16 $84 $784 $65
Corolla XLE $134 $270 $280 $16 $84 $784 $65
Corolla XRS $152 $270 $280 $16 $84 $802 $67
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Estimates do not factor in zip code location which can alter prices significantly.

Based on these figures, using a $250 deductible could cost the average driver approximately $23 more each month or $276 a year than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 33 months between claim filings, you would save money if you opt for a higher deductible.

These discounts can lower your insurance quotes

Auto insurance companies do not list every discount they offer very clearly, so the next list breaks down a few of the more common and the harder-to-find discounts that you can inquire about if you buy Michigan City car insurance online.Save money with discounts

Discounts lower rates, but most discount credits are not given to all coverage premiums. The majority will only reduce individual premiums such as liability and collision coverage. Even though it may seem like all those discounts means the company will pay you, it doesn't quite work that way.

Insurance companies that possibly offer most of these discounts may include but are not limited to:

Check with each company or agent which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policyholders in Michigan City.

Different people need different car insurance coverages

When it comes to buying adequate coverage for your vehicles, there is no one size fits all plan. Every situation is different and your policy should reflect that.Car insurance savings Here are some questions about coverages that could help you determine whether your personal situation will benefit from professional help.

If you can't answer these questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Learn how to lower your insurance premiums

Part of the insurance buying process is learning some of the elements that go into determining the price you pay for insurance. If you have a feel for what influences your rates, this helps enable you to make changes that will entitle you to big savings.

Insuring your vehicle just makes sense

Even though rates can get expensive, buying insurance is mandatory in Indiana but it also protects more than you think.

The benefits of having insurance outweigh the cost, especially when you need to use it. According to a recent study, the average American driver is overpaying more than $825 a year so smart consumers compare quotes every year to ensure rates are inline.

Auto insurance claims by make and model

Are you driving a vehicle that ranks well for claims? The following statistics list the best and worst vehicles for likelihood of having to file claims.

Comprehensive Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Nissan Leaf BMW M6
Infiniti QX50 BMW M6
Chevy Silverado 2500 Porsche Panamera GTS
Chevy Spark Maserati Granturismo
Nissan Xterra Audi S7
GMC Sierra 2500 Bentley Continental GT

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicle Models with the Lowest and Highest Car Insurance Collision Claims
Lowest Claim Amount Highest Claim Amount
Ford F-250 SuperCab BMW 6 Series
Jeep Wrangler Audi RS7
Smart ForTwo Maserati Granturismo
Chevrolet Colorado Bently Continental GTC
Ford Edge BMW M6
Mini Cooper Nissan GT-R

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Liability Insurance Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Acura MDX Chevrolet Sonic
Chevrolet Corvette Hyndai Accent
Subaru Forester Chrysler 200
Audi A6 Kia Rio
Mercedes-Benz SL Class Kia Optima
Fiat 500 Mitsubishi Mirage

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicle Make and Models with the Lowest and Highest Medical Payment Coverage Claims
Lowest Claim Amount Highest Claim Amount
Ford F-350 SuperCrew Chrysler 200
Audi A4 Allroad Nissan Sentra
Ford F-250 SuperCrew Chevrolet Sonic
Land Rover Range Rover Sport Kia Forte
Chevrolet Silverado 2500 Mitsubishi Lancer
Ford Expedition Nissan Versa

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

In Summary

When buying insurance coverage, don't be tempted to sacrifice coverage to reduce premiums. In many cases, someone sacrificed full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy enough coverage for the lowest price while not skimping on critical coverages.

We just presented many ways to compare car insurance premium rates in Michigan City. The most important thing to understand is the more you quote Michigan City car insurance, the better chance you'll have of finding cheap Michigan City car insurance quotes. You may even be surprised to find that the best premium rates are with a company that doesn't do a lot of advertising. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.

Some companies do not provide rate quotes online and these small insurance companies sell through local independent agents. Budget-conscious car insurance is available from both online companies and with local Michigan City insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

More information is available at the links below