Bay Insurance Agency, Inc. thinks buying the right car insurance should be easy. Let us walk you through the process. This automobile insurance information is provided free of strings, whether you choose Bay Insurance or another agency!
Michigan No-Fault Insurance Reform means more paperwork and a possible reduction in coverage. Depending on your health insurance - you can decrease or opt-out of Michigan No-Fault Personal Injury Protection (PIP). You can also choose your liability limits (the lowest limit now being 50,000/100,00 and default being 250,000/500,000).
You must fill out new PIP and BI limit paperwork EVERY RENEWAL.
If you have any questions about filling out this paperwork - please bring it in and we'll guide you through it.
THIS ARTICLE IS MEANT FOR INFORMATION ONLY. PLEASE CONTACT A LICENSED AGENT TO DISCUSS WHAT INSURANCE IS RIGHT FOR YOUR SITUATION
Collision insurance covers your vehicle for damage as the result of a car accident with another vehicle or stationary object (think trees or walls). Collision coverage is typically required if you have a loan on your vehicle. When choosing collision insurance there are several considerations: Do I have a loan? What is the vehicle worth? Can I afford to replace my vehicle if the worst were to happen?
Broad Collision - waives the deductible if someone else was at-fault in the accident. Which means, if your run off into a ditch and hit a tree, you are at-fault in the accident since you are the only party in the accident. We highly recommend broad collision for the minimal amount you can save with Standard or Limited Collision.
Regular Collision - you are covered in an accident, based on the coverages you chose. Your deductible always applies.
Limited Collision - damage to your vehicle is only covered if someone else is responsible.
Comprehensive covers you for acts of nature and other cases that do not apply to collision insurance - like deer (accidents with other animals), trees (when they fall and hit your vehicle), hail, theft, and vandalism.
Comp Only - Comp Only is sometimes referred to as Storage. That's because it removes the liability and personal injury insurance from the vehicle, meaning it is illegal for you to drive a vehicle with Comp Only. If you have a loan on your vehicle and you are not driving it - many banks require you to carry Comp Only. Comprehensive continues to cover you for many perils, such as hail, roof collapse, theft, and vandalism.
Have questions about auto insurance in Michigan? Please fill out the form on the right and we'll get back to you as soon as possible.