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Average car insurance cost in Michigan

Drivers in Michigan pay about $3,120 a year for full-coverage car insurance on average. Your own rate depends on your car, driving record, coverage limits and ZIP code — but the state average sets the baseline, and it feeds directly into the real cost of owning a car here.

Fold it into your total cost to own

The calculator below starts with Michigan’s average insurance and taxes. Adjust the car and your mileage to see your five-year cost.

The car & the loan
$
$
$
%
%
months
yrs
Running costs
MPG
$/gal
$
$
$

5-year true cost to own

$67,257

$13,451 per year · $1.00 per mile

Per month

$1,121

Loan payment

$961

Resale value

$26,950

Depreciation

$22,050

Amount financed

$47,940

Total miles

67,500

Where your money goes over the years

  • Depreciation$22,050 · 33%
  • Fuel / energy$10,004 · 15%
  • Insurance$15,600 · 23%
  • Maintenance & repairs$6,000 · 9%
  • Loan interest$9,697 · 14%
  • Taxes & fees$3,905 · 6%

Defaults use national averages (AAA, EIA, FHWA); change any field to match your situation. Depreciation is an estimate — a specific model can hold value better or worse.

The numbers behind this estimate

Sourced figures last verified 2026-10-11
FigureValueSource · verified
Sales tax on vehicles6%Michigan SOS — Dealer Manual Ch. 7 · 2026-07-01
Avg. full-coverage insurance$3,120/yrValuePenguin — Car Insurance Rates by State 2026 · 2026-07-08
Registration feePARTIAL: title $15 + reg ~$178 (list-price bracket). SOS add-on fees not yet verified.$193Michigan SOS — Dealer Manual Ch. 7 · 2026-07-01

Car insurance cost by state