How Much Is the Michigan Insurance Licensing Exam?
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Quick Answer
- Michigan insurance licensing exams cost $41 per attempt and are administered in person only through PSI at testing centers across the state.
- Passing scores vary by line of authority, ranging from 70% for Life to 76% for Accident and Health, so check your specific exam requirements.
- There is no limit on how many times you can retake the exam, but each attempt costs another $41 and you must wait 24 hours between tries.
Michigan's insurance licensing process is overseen by the Department of Insurance and Financial Services (DIFS), and PSI administers all state insurance exams. If you are planning to become a licensed agent in Michigan, understanding the fee structure and retake rules will help you plan your path without surprises.
What Does Each Michigan Insurance Exam Cost?
Every Michigan insurance licensing exam costs $41 per attempt. You pay this fee when you schedule your appointment through the PSI Exams websiteMidifs Test Takers.psiexams.com or by calling (855) 579-4639. Payment must be made by credit card, debit card, voucher, or electronic check at the time of reservation.
One important change to be aware of: Michigan no longer offers remote proctored exams. All licensing exams must now be taken in person at a PSI testing center. Plan accordingly when scheduling, especially if the nearest center requires travel time.
What Are the Passing Scores for Each Exam Line?
Unlike many states that use a flat 70% across all exams, Michigan sets different passing thresholds depending on your line of authority. Knowing your target score matters for focused preparationPre License How To Study Insurance Licensing Exam Resources.
| Exam Line | Passing Score | Number of Questions | Time Limit |
|---|---|---|---|
| Life | 70% | 100 | 120 minutes |
| Accident & Health | 76% | 100 | 120 minutes |
| Property | 75% | 100 | 120 minutes |
| Casualty | 74% | 100 | 120 minutes |
| Property & Casualty (combined) | 74% | 150 | 150 minutes |
The Accident & Health exam has the highest bar at 76%, making it especially important to invest in thorough exam preparationPre License How To Pass The Property And Casualty Exam Resources if that is your target line.
What Is the Total Cost of Getting Licensed in Michigan?
Beyond the exam fee, you will need to budget for pre-licensing education, your NIPR application, and the NIPR transaction fee. Michigan requires you to complete pre-licensing education before taking the state exam, and your course completion certificate is valid for 12 months.
A single-line license (such as Life alone) requires 20 hours of pre-licensing education, while the combined Property & Casualty license requires 40 hours. Your NIPR application fee is $10 plus a $5.60 transaction fee. Michigan does not require fingerprinting for insurance producer applicants, which keeps the total cost lower than some neighboring states.
How Do Retakes Work in Michigan?
Michigan places no limit on the number of retake attempts. However, you must wait at least 24 hours after a failed exam before scheduling a new appointment, and each retake costs the full $41 fee. If you fail within 180 days of submitting your NIPR license application, you will need to submit a new application and fee before rescheduling.
After a failed attempt, you receive a diagnostic score report showing your strengths and weaknesses by content area. Use this feedback strategically to target your studyPre License Tips Becoming A Successful Insurance Agent Resources efforts before your next attempt.
What Can Slow Down the Licensing Process in Michigan?
- Taking the state exam before completing your pre-licensing education, which invalidates your results and requires retesting
- Letting your 12-month course completion certificate expire before passing the exam
- Submitting your NIPR application with information that does not match your PSI registration
- Failing to budget for the higher passing scores required on certain lines like Accident & Health
- Not accounting for the in-person-only testing requirement, which may require travel to a PSI center
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If you’re eager to learn how to not only get licensed but also thrive in your insurance career, check out our Tips for Becoming a Successful Insurance Agent.
How Does Michigan Compare to Other States on Exam Costs?
Michigan's $41 exam fee is competitive nationally. Oklahoma charges $38, North Carolina charges $46, and South Carolina charges $59. However, Michigan's requirement for mandatory pre-licensing education (which states like Oklahoma and South Carolina skip) adds to the overall investment. The trade-off is that Michigan candidates who complete quality coursework tend to be better prepared and are more likely to pass on their first attemptPre License What Does Insurance Agent Do ResourcesPre License What Does Insurance Agent Do Resources.
Launch Your Michigan Insurance Career Today
Every retake adds $41 and delays your earning potential. Aceable Insurance offers Michigan-approved pre-licensing courses designed to help you pass the first time. With mobile-friendly lessons, practice exams, and a learning experience built for how you actually study, getting licensed has never felt more doable. Whether you are targeting Property & Casualty, Life, or multiple linesPre License What Does Insurance Agent Do ResourcesPre License What Does Insurance Agent Do Resources of authority, the right preparation saves you time and money. Start your Michigan pre-licensing course today.Michigan Pre License
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