So not too long ago some of my fellow members of the
insurance cabal and I were sitting around drinking and brainstorming, “How can
we separate Michigan drivers from their money?” I think that drivers must be onto us though, as pretty much
EVERY conversation calls us out. “Geez man,
insurance is too expensive!” So,
maybe it’s sleep deprivation, but here’s something for nothing:
1. Insurance IS expensive. Especially in Michigan. (We
rank somewhere between 48th – 50th in affordability.)
2. IGNORE: the words discounts, bundling and the
bastardization of logic. Focus on two things: cost and
coverages. Discounts are like coupons: they don’t tell you the price. Bundling
may lower the price, but often it is less expensive to have auto and
property policies with different carriers.
3. NEVER purchase a policy with the state minimum
of 20/40 liability. Most carriers deem that non-standard, and if ever you shop
your policy, your rates will be much higher.
4. DO NOT turn in small collision claims. The
frequency of claims will hurt you more than the severity.