Best for customer satisfaction: USAA
USAA received an impressive customer satisfaction score of 877 out of 1,000 possible points in the J.D. Power 2023 U.S. Auto Insurance Customer Satisfaction Study. The next closest competitor received a satisfaction score of 844.
When it comes to something as important as auto insurance, there are few things more important than knowing that your insurance company will be there to help when you need it.
Best for minimum coverage: USAA
Like other states, Michigan requires drivers to carry a specific minimum level of coverage. And in a state with overall rates as expensive as Michigan's, it's important to know which company carries the best rate for that coverage. The lowest rate we found ($408) was with Wolverine Mutual. However, we have a few concerns about Wolverine Mutual's financial strength.
According to AM Best, the insurer's financial strength rating has been downgraded from a B++ (Good) to a B- (Fair). The downgrade was attributed to the company's capitalization deterioration throughout the first half of 2023. In a nutshell, a combination of weather-related losses and inflationary pressures makes the company slightly less financially sound than it was.
For that reason, we moved on to No. 2 on our list for minimum coverage: USAA. Once again, USAA offers both low rates ($582) and an AM Best rating of A++ (Superior). Another insurer worth checking out is Geico, offering an average annual premium of $710.
Best for military veterans: Geico
Geico is certainly one of the most recognized names in insurance, but did you know the company regularly thanks military members for their service by offering a 15% discount off their already low rates?
If you're a USAA member, you may score a lower rate by bundling your auto policy with other types of coverage, like homeowners.
Best for teen drivers: Geico
No matter where in the U.S. you live, insuring a young driver is expensive, but that's especially true in Michigan. While many of the companies (and policies) we investigated cost a small fortune, Geico did not disappoint. With an average annual premium of $2,797, Geico provides teen drivers with the insurance they need at a price that is somewhat affordable.
Best for drivers with one speeding ticket: Progressive
If you've ever had a speeding ticket, you know how expensive it can be. And once you're done paying penalties and fees, you're hit with higher insurance rates for two years (when the infraction drops off your driving record). At $1,829, Progressive's average annual rates are among the best in Michigan.