The popular local politician is looking to the courts in an attempt to lower skyrocketing premiums. Detroit Mayor Mike Duggan has sued the state of Michigan over no-fault auto insurance rates. The lawsuit is part of an ongoing strategy to try to reduce the premiums paid by drivers in his city and across the state. The state has previously tried and failed to overhaul its extremely costly car insurance system. At the moment, the Michigan no-fault auto insurance system is keeping rates higher for drivers in the state than anywhere…
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Insurance rates in Detroit head skyward with the city’s firefighting downgrade
As the struggling city’s Fire Department faces considerable problems, homeowners are forced to pay more. The Detroit Fire Department has been facing some serious struggles over the last while and this ongoing trend has now developed into an expensive one for homeowners whose insurance rates are being hiked as a result. When it comes to the homeowners rates being charged across Michigan, Detroit already has the highest. That being said, homeowners insurance rates are going to be increased yet again when an analysis conducted by an organization that examines the…
Read MoreDetroit drivers struggle under high auto insurance premiums
Auto insurance premiums in Detroit continue to be a burden for consumers Drivers in Detroit, Michigan, are struggling to afford auto insurance coverage. The city is home to the highest premiums in the country, which can be up to $5,000 a year for coverage in some parts of the city. Because auto insurance coverage is so high, nearly half of the city’s drivers are “driving dirty,” which involves operating their vehicles without any insurance coverage whatsoever. In order to combat this problem, Mayor Mike Duggan aims to address the high…
Read MoreDetroit Mayor unveils plan for auto insurance
Mayor Mike Duggan outlines his plan to address insurance coverage in the city Detroit Mayor Mike Duggan has unveiled some details about his plan to lower auto insurance rates in the city. This may be part of an overarching endeavor in Michigan to address the issues regarding the state’s no-fault insurance system and how it is contributing to higher premiums for drivers. Detroit is working to establish an insurance pool for drivers, offering them with affordable coverage that is expected to reduce the financial stress associated with auto insurance. New…
Read MoreAuto insurance rates in Detroit continue to be a financial burden
Insurance coverage for drivers in Detroit continues to grow more expensive Rising auto insurance rates in Detroit may be hindering the city’s economic recovery. Consumers throughout the city have seen their insurance rates soar in the past year. Detroit has been recovering from a record breaking municipal bankruptcy, which has served to make the city somewhat financially unstable. In December of 2014, the city was able to break free of this bankruptcy and its implications, but rising costs of auto insurance coverage could slow further recovery. High insurance rates make…
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