Drivers in Michigan to see an average car insurance premiums increase of $30

The Michigan Catastrophic Claims Association (MCCA) has just announced that there will be an increase of $30 per vehicle to the auto insurance rates paid by drivers in the state starting on July 1, 2012, as per the new rate for 2012-13. This will raise the average premium by 21 percent, making it $175. Premiums undergo an annual adjustment in Michigan in order to cover the claims that are made under the state’s no-fault insurance law’s unlimited lifetime medical benefits. The results of the assessment are applied to each car…

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Which states cost most for car insurance?

Though vehicles cost essentially the same from one state to the next, the same cannot be said for auto insurance policies. Some states have rates up to three times higher than others, even when insuring the same driver with the same vehicle for the same coverage. The following are the states with the highest price for car insurance. It is based on data from the Insurance Research Council. • Michigan is the state with the highest insurance rates in the country. For a 2011 model, the average yearly rate in…

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Legislators fight back against auto insurance changes in Michigan

New legislation in Michigan seeking to change the state’s auto insurance laws has found opposition with some of the state’s lawmakers. Michigan Democrats have taken issue with the pending legislation, claiming that it is unfair for some motorists that currently have trouble paying for the insurance coverage they have. The law would remove the cap on medical benefits provided through insurance coverage for those injured in auto accidents as well as broaden the requirement for the level of coverage drivers should have. Supporters of the legislation argue that it will…

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