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

Quick Facts

• Based on national averages for car insurance, Wolverine Mutual offers significantly more affordable rates than Michigan
• Michigan may help you save more money -- they offer more discounts than Wolverine Mutual
• Wolverine Mutual offers less expensive average premiums for policyholders who live in urban areas

Michigan or Wolverine Mutual: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering large savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Michigan or Wolverine Mutual, but which one will save you the most?

Looking at nationwide averages, Wolverine Mutual is quite a bit cheaper than Michigan, with rates averaging $224 a month compared to $480 with Michigan.

That being said, that doesn't necessarily mean Wolverine Mutual will be the cheaper option for each driver. Auto insurance carriers use tons of complex algorithms to determine prices, so depending on how clean your driving record is or how good your credit score is (among quite a few other factors), you could see wildly different premiums from the ones above.

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

Michigan vs. Wolverine Mutual: Average Car Insurance Rates by State

Both Michigan and Wolverine Mutual only offer car insurance in Michigan, so you'll see that the average figures here will mirror the ones we mentioned above. Wolverine Mutual drivers tend to pay about $256 per month less on average compared to drivers who use Michigan for their insurance.

Typically, the state you live in will play a substantial role in how much you pay for auto insurance, but since both companies only do business in Michigan, a multitude of other variables will come into play when you compare Michigan and Wolverine Mutual. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for insurance than any group out there on the road. It's generally because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. For example, 18-year-old drivers pay an average of over 65% less a month by choosing Wolverine Mutual over Michigan.

However, with both companies, you'll see your rates reduce significantly by the time drivers turn 25. For example, average premiums for Michigan policyholders lower more than 70% and Wolverine Mutual's prices decrease almost 35% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the lowest auto insurance rates you'll ever find. After all, they've likely been driving for quite some time, which usually reduces their chances of collisions and other infractions that can raise prices.

When looking at Michigan and Wolverine Mutual specifically, which carrier is best for retired drivers? Wolverine Mutual gets the edge, with rates for drivers 65 and older $207 more affordable than the national average for Michigan.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive insurance premiums than married policyholders. That's generally because married drivers tend to own and insure multiple vehicles, which can often earn you a discount.

For single policyholders, the difference in average prices between these two carriers is significant, with Wolverine Mutual premiums coming in at around half of Michigan's. The advantage is also clear for married couples - Wolverine Mutual offers the most affordable average rates.

Michigan or Wolverine Mutual: Average Rates by Gender

Because women are less likely to get speeding tickets and get into accidents, they are less likely to file a claim with insurance. So, women usually pay less for car insurance than men.

Women and men end up paying same monthly prices with Michigan; women and men end up paying same monthly premiums with Wolverine Mutual.

Looking at the data for each company specifically, Wolverine Mutual offers the cheapest average rates for both men and women. On average, women save about $256 per month and men save about $256 with Wolverine Mutual compared to the average Michigan policyholder.

Michigan vs. Wolverine Mutual: 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.

Insurance isn't the easiest topic to understand. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause a collision) and full coverage (which typically refers to having collision and comprehensive coverages alongside liability).

Looking specifically at state minimum liability insurance, Wolverine Mutual has the significant edge, with average monthly premiums coming in at $114. If you want a full coverage policy with the same state minimum limits, Wolverine Mutual again has the edge, with policies averaging around $335 a month to Michigan's $649.

Is Michigan or Wolverine Mutual Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Speeding tickets and accidents will most likely raise your rates, but is Michigan or Wolverine Mutual less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Michigan for their auto insurance can normally expect their monthly bill to go up about 42% after getting a speeding ticket. Wolverine Mutual policyholders can expect a less drastic increase of around 17%.

But Wolverine Mutual tends to offer the best prices for drivers both with a ticket and with a clean record -- their rates are around 48% cheaper for drivers with clean records and 64% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both companies will increase prices pretty significantly if you get into an at-fault collision with Michigan raising by about 35%. Wolverine Mutual has a less extreme climb, but you can still expect to pay more than 20% more than you were prior to your first accident.

At the end of the day, drivers who use Wolverine Mutual end up with the cheaper prices after an accident, with average premiums coming in at $188 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 collision or speeding ticket when it comes to your insurance bill. On average, Michigan will raise your prices around 61% after a DUI, while Wolverine Mutual's average rates rise by over 60%.

But if you end up with a DUI charge and are looking for more affordable premiums, Wolverine Mutual tends to be less expensive for the average driver, with monthly premiums coming in at about $389 to Michigan's $723.

How does Credit Score Impact Michigan and Wolverine Mutual Rates?

Did you know many auto insurance carriers take into account your credit score when determining prices? This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as an insurance factor) but it does affect a lot of drivers out there.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

So, which carrier offers the most affordable rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Michigan or Wolverine Mutual 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 pretty big impact on how much insurance carriers will charge for coverage? Usually, those who drive fewer miles will end up with cheaper premiums since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Wolverine Mutual charges. However, there's a pretty significant difference in monthly prices for Michigan, with policyholders who drive the least paying around $59 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Wolverine Mutual is the more affordable company.

Michigan or Wolverine Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a large impact as well. Normally, those who live in urban areas will pay more than drivers in rural areas since there are a lot more cars on the roads where they live.

Wolverine Mutual boasts the lowest average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Wolverine Mutual's average rates are about $149 less than Michigan Insurance Company. People who live in suburban areas pay around $296 less with Wolverine Mutual compared to Michigan. Those in rural areas can expect to save about $323 with Wolverine Mutual compared to Michigan.

Michigan vs. Wolverine Mutual Discounts

You want to save as much money as you can, right? The best way to do that is by utilizing as many car insurance discounts as possible.

The challenging part is finding all of the discounts you can take advantage of, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Michigan and Wolverine Mutual so that you can find the carrier that has the most discounts and, therefore, the largest savings.

Michigan blows Wolverine Mutual away when it comes to the sheer amount of discounts available, offering eight more discounts than Wolverine Mutual.

Both companies offer quite a few of the same discounts -- like ABS discounts, discounts for being a good driver, and multi-policy discounts -- but Michigan also offers discounts for advance quote, anti-theft, COVID-19 relief, and more.

On the other hand, Wolverine Mutual has a few proprietary discounts of their own for things like distant student discounts, military discounts, and multi-car discounts.

Final Thoughts: Is Michigan or Wolverine Mutual Best for You?

So, you've seen how different variables can affect your auto insurance prices. We've broken down the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, which insurance company is the right fit for you?

Wolverine Mutual might be best for you if....

• You don't have any speeding tickets, DUIs, or at-fault collisions on your record.
• Your neighborhood is in a rural area.

Michigan might be best for you if...

• You care about discounts (Michigan offers the most).

Hopefully, this guide helps you get a good idea of the differences between Michigan and Wolverine Mutual. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple carriers, not just Michigan and Wolverine Mutual. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance companies in your area, all in just a few minutes.

Michigan vs. Wolverine Mutual FAQs

Is Michigan or Wolverine Mutual cheaper?

Wolverine Mutual is the cheaper of the two carriers when looking at national average premiums, with policies averaging $224 per month with Wolverine Mutual and $480 for Michigan. Even so, that doesn't mean Wolverine Mutual will be the most affordable carrier for every driver, since there are several different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Michigan or Wolverine Mutual?

Unfortunately, the real answer is "it depends.". Neither company is necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Michigan and Wolverine Mutual offer me different rates?

Car insurance companies use many different variables when calculating the prices they charge. Things like where you call home, where you park your vehicle, gender, age, and sometimes even things like your credit score can all be taken into consideration. Both Michigan and Wolverine Mutual calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the auto insurance company that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Michigan or Wolverine Mutual at all, but another you hadn't even thought of!

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.