Michigan vs. Secura: Which Company is the Best Fit for You?

Quick Facts

• In general, Secura offers significantly less expensive prices than Michigan
• Secura tends to be a much more affordable option for drivers who have less-than-stellar credit
• Secura offers cheaper average premiums for drivers with a DUI charge on their record

Michigan vs. Secura: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. With so many ads from all sorts of companies offering pretty big discounts, you're probably wondering exactly how much you might be able to save.

You might be considering Michigan or Secura as your top options, but which company will offer you less expensive rates?

Looking at the national average rates for both companies, Michigan is quite a bit more expensive than Secura, with prices averaging $480 per month compared to just $146 with Secura.

However, Secura may not be the lowest or best option for every driver out there. Insurance carriers vary their premiums depending on things like how old you are, how clean your driving record is, how good your credit score is, where you live, and tons of other factors, so prices will differ quite a bit from person to person.

Luckily, we've broken down average premiums from both Michigan and Secura by a variety of different rate factors, so read on to find out which carrier is the best for you.

Michigan or Secura: Average Car Insurance Rates by State

Michigan and Secura only compete against each other in Michigan, where Secura offers the cheaper average rates. For Michigan residents, Secura offers auto insurance for $170 per month on average. Michigan's average prices come out to be over 70% more expensive, at $480 monthly.

There are plenty of other factors that go into your car insurance payment than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for insurance compared to older drivers. It's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use Secura save more than $500 a month compared to those who use Michigan.

But both companies will offer you dramatically lower rates by the time you turn 25. For example, average premiums for Michigan policyholders reduce over 70% and Secura's rates drop more than 55% over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable prices you can find.

When looking at Michigan and Secura specifically, which company is best for retired drivers? Secura gets the edge here, with average premiums coming in at about $111 a month compared to Michigan's $326.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance rates tend to be more expensive for those who are single than they are for married drivers. That's generally because married policyholders tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Secura is the clear winner for single policyholders, with prices around $414 per month more affordable than Michigan, on average. The advantage for married couples with Secura is also obvious, where drivers save over 65% a month.

Michigan vs. Secura: Average Rates by Gender

Did you know men typically pay more for auto insurance than women? This is because men are statistically more likely than women to get pulled over for speeding or get into an accident, which leads to increased risk for insurers and, therefore, higher premiums.

With Michigan, both genders end up paying the same monthly rate, while with Secura, the difference is closer to $3 per month.

Looking at overall affordability, Secura comes out as the cheapest option for both genders. On average, male drivers save about $333 a month and women save about $336 with Secura compared to the average Michigan policyholder.

Michigan or Secura: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Car insurance can be a complicated subject for most people. Everyone needs insurance, but there are so many different limits and coverages that it can be hard to find the right policy.

Even so, most policies end up falling into two different types of coverage -- liability only (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which normally refers to having comprehensive and collision coverages alongside liability).

If you're looking for state minimum liability limits, Secura generally offers significantly less expensive rates of $69 compared to Michigan's $312. When it comes to full coverage policies with similar limits, Secura again has the edge, with policies around $450 per month more affordable than Michigan, on average.

Is Michigan or Secura Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance carriers offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with tickets and at-fault accidents on your record, but which of these two companies offers the most affordable premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Michigan policyholders can expect their prices to go up an average of $205 a month if they get a ticket, while Secura typically raises rates about $35 per month, on average.

That being said, Secura has cheaper premiums for drivers in both categories, offering prices that are $194 and $364 less expensive, respectively, compared to Michigan Insurance Company.

Which Company is Best for Drivers After an Accident?

Michigan drivers who get in an accident can expect to see their rates climb by just under 35%, while those who have insurance through Secura will see around a 35% increase.

Overall, the more affordable prices come from Secura, with monthly rates averaging $129 compared to Michigan Insurance Company's $431.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your car insurance bill. Michigan drivers usually see a 61% raise in their auto insurance premiums after a DUI charge, while Secura will normally climb rates by about 64%.

If you have a DUI on your record and are looking for more affordable prices, Secura tends to be the much cheaper option with average premiums of $244 per month compared to $723 from Michigan.

How does Credit Score Impact Michigan and Secura Rates?

Often times, your credit score can be used as one of the factors to calculate your monthly car insurance rates. Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect many policyholders out there.

The reasoning insurance companies use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper prices, while those with poor credit will usually be forced to pay more.

Looking specifically at Secura and Michigan, which one has the best premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Michigan or Secura Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a considerable impact on how much auto insurance carriers will charge for coverage? That's because the more miles you put on your vehicle, the more likely you are to get into a collision and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, Secura offers more affordable rates than Michigan. Secura's average prices for drivers with 6,000 annual miles come in around 68% cheaper than Michigan. Those who drive 12,000 miles each year can expect to pay about 71% less with Secura over Michigan.

Michigan vs. Secura: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a sizable impact on your monthly car insurance cost. Typically, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

When comparing these two companies side-by-side, Secura usually comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

If you live in a rural area, you can expect to save around 70% with Secura compared to Michigan. Drivers in suburban ZIP codes pay about 72% less with Secura compared to Michigan. In urban areas, SECURA Insurance's average premiums are around 67% less than Michigan Insurance Company.

Michigan vs. Secura Discounts

Regardless of why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by taking advantage of as many car insurance discounts as you can.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you qualify for or to nail down the carrier that has the most discounts for your unique driver profile.

In the table below, we've broken down all of the different discounts offered by both Michigan and Secura so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Overall, Secura comes out ahead with 19 discounts to Michigan's 17.

A couple of those are overlapping for things like anti-theft discounts, discounts for being a good driver, discounts for being a good student, and paid in full discounts. Secura also offers distant student discounts, group discounts, low income discounts, and more that Michigan does not.

On the flip side, Michigan has a couple unique discounts of its own -- ABS discounts, COVID-19 relief discount, family car discounts, and more.

Final Thoughts: Is Michigan or Secura Best for You?

You've seen the role certain variables have on your insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, which insurance company is the best company for you and your specific needs?

Secura might be best for you if....

• You have a clean driving record, free of collisions, tickets, or DUIs.
• Your neighborhood is in a city.
• You have a short drive to work everyday.

Michigan might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide has ben a valuable resource as you compare Michigan and Secura. We also hope we've given you the information you need to make the best decision about your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple companies, not just Michigan and Secura. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Michigan vs. Secura FAQs

Is Michigan or Secura cheaper?

Looking just at the national average prices, Secura is the less expensive of the two companies, offering average rates of $146 a month compared to $480 for Michigan. However, Secura won't necessarily be the lowest carrier for everyone, since there are lots of different factors that come into play when it comes to your auto insurance bill.

Who is better, Michigan or Secura?

Unfortunately, the only answer we can give you is "it depends.". One company is not necessarily "better" for everyone -- it all boils down to your unique insurance profile.

Why do Michigan and Secura offer me different rates?

Car insurance carriers take a look at several different variables when calculating the premiums they charge drivers. Factors such as age, where your home is, your driving record, gender, and sometimes even things like your credit score can all come into play. Both Michigan and Secura calculate rates using different formulas, so each one will most likely offer different prices. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Michigan or Secura is right for me?

The only way to find the insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best car insurance companies in your area. That way, you can guarantee you're getting the most affordable price. And who knows, the best carrier for you might not be Michigan or Secura at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.