Royal Oak is located just outside Detroit, Michigan. It is home to the Detroit Zoo, and more than 59,000 residents. Over 87% of those residents commute alone to work, with an average commute of just over 23 minutes. More than 50% of households have two cars. Royal Oak drivers pay $1,076 annually for liability coverage, while full coverage costs $2,603 per year.
Michigan offers some of the most expensive car insurance rates in the country. To find the lowest rates for Royal Oak residents, we compared the quotes of several top car insurance companies. The best and most affordable Royal Oak car insurance rates and companies were determined by the following factors: coverage, discounts, financial strength, and third-party rankings.
Royal Oak’s best car insurance company
These top-rated car insurance providers are our top picks in Royal Oak based on their available coverages, discounts, financial strength, ability to pay claims, and third-party rankings.
| Insurance Company | J.D. J.D. | Average Annual Premium for Minimum Insurance | Average annual premium for full coverage |
|---|---|---|---|
| Auto-Owners | 845 / 1000 | $967 | $2,323 |
| Farmers | 831 / 1000 | $1,873 | $4,215 |
| GEICO | 851 / 1000 | $846 | $1,608 |
| USAA | 897 / 1000 | $528 | $1,338 |
| Westfield | 836 / 1000 | $156 | $2,497 |
Auto-Owners insurance
Michigan-based Insurance offers auto, home, and life insurance in Michigan as well as 25 other states. Auto-Owners has a lower than average complaint ratio with National Association of Insurance Commissioners. They also have a superior financial strength ranking and are able to pay claims promptly.
Participants gave Auto-Owners 845 marks, placing it fourth on the North Central J.D. Power 2020 U.S. Auto Insurance Satisfaction Study. Auto-Owners is also Michigan’s fourth largest insurer and covers around 11% market share.
Farmers
Farmers Insurance provides personal and business insurance, particularly for farmers and other agricultural enterprises. The Auto Claims Satisfaction Study ranked Farmers at the top with 872 points. Farmers’ financial strength is excellent, proving it can pay claims even if there is a natural disaster.
GEICO
GEICO is the second largest insurer in the United States but it does not make the top 10 Michigan insurance companies. GEICO is still one of the top car insurance companies in Royal Oak. It offers a wide range of insurance products, including personal and business needs. They also offer 24/7 service and reasonable rates.
USAA
USAA does not offer coverage to Royal Oak military personnel, veterans, and their families. USAA is the ninth-largest Michigan market share at 3%.
USAA has the highest score in J.D. The USAA Insurance Study has the highest score. However, USAA is not eligible to be ranked first because not all can buy USAA insurance products. USAA offers full coverage auto insurance at the lowest rates to those who qualify.
Westfield
Westfield Insurance , a smaller insurer that offers personal car and home insurance in only 10 states, is . Although Westfield Insurance is not among the top 10 Michigan insurers, it does make up for this with exceptional financial strength and excellent customer service from its existing customers. Westfield is the most affordable car insurance company in Royal Oak for liability coverage.
Royal Oak has the lowest car insurance
Royal Oak rates are slightly more expensive than the average cost for car insurance in Michigan. Average rates in the United States are $565 per year for liability coverage and $1,674 per year for full coverage. Michigan’s average annual premiums for liability are $948 and full coverage is $2,309 respectively.
Royal Oak residents pay an average of $1,076 to cover their liability and $2,603 to insure their full-coverage car. We compared the quotes of the most well-known carriers, based on market share, to help you find the lowest car insurance rates in Royal Oak. We also considered the following factors: available technology, customer service and financial strength.
Travelers had the lowest minimum coverage rates, while Premium had the lowest full coverage car insurance rates. Each company offers a wide range of discounts and coverage options that can be tailored to fit most customers’ insurance needs. They also have strong financials and excellent customer service reviews. MetLife offers 24/7 customer support with many optional coverages on auto insurance, including identity protection.
| Insurance Company | Average Annual Premium for Minimum Insurance | Average annual premium for full coverage |
|---|---|---|
| Travelers | $111 | $1,884 |
| USAA | $528 | $1,338 |
| Progressive | $585 | $1,199 |
| MetLife | $595 | $1,594 |
| Geico | $846 | $1,608 |
Royal Oak Insurance requirements
Royal Oak drivers must comply with the minimum requirements set in place for Michigan.
- $20,000 per person for bodily injury
- $40,000 for 2 or more people, bodily injury
- $10,000 for property damage
- $1 Million in property protection
- Unlimited Personal Injuries Protection
These minimum requirements will allow you to register your car and drive it legally in Royal Oak. However, they may not provide enough financial protection if you are involved in an accident. To satisfy your loan terms, you might need to have higher liability limits and complete coverage if you own a financed vehicle.
Royal Oak: Car insurance discounts
Discounts are a great way to save on car insurance for Royal Oak residents. You can stack discounts, which can add up to significant savings. These discounts have the greatest impact on lowering premiums.
- Bundling Discount: Insuring your home, car, and other products with one company not only makes it easier to track them, but also allows you to save money by getting multi-policy discounts when insuring them all with one carrier.
- Discount for early purchases: You can save up to 10% on your first term with a new company if you purchase before your current policy expires.
- Excellent student discounts: Teen drivers can be among the most costly to insure. You can keep rates affordable with the good student discount. This is available if your student has a certain grade point average.
- Participation in company programs can result in big savings on car insurance. These programs monitor mileage and reward good driving habits and low mileage.
Questions frequently asked
Which is the best auto insurance company?
Royal Oak residents will find that the best car insurance company offers all of their needs, including discounts and reasonable prices. Although not always the most affordable, the best car insurance company can be relied on when you file a claim.
What is the cost of car insurance in Royal Oak?
Car insurance costs will vary depending on your driving record, age, vehicle type, and the coverages you require. Royal Oak’s average car insurance cost is $1,076 per year for minimum coverage and $2,603 per year for full coverage. Based on your individual factors, your rate could be higher or lower than this average.
What amount of car insurance do you need in Royal Oak
You don’t technically need more coverage as long as you meet Michigan’s minimum requirements. You may feel that more coverage is better as it provides financial protection in the event of an accident or if you are sued.
