While Michigan’s rank at the top hasn’t changed, Louisiana has climbed back up after having fallen. Expensive auto insurance has become a way of life in certain states, and for Michigan drivers that way of life is more costly than any other state. Similarly, Louisiana, which had been dropping in the ranks among the most costly to purchase coverage, is back in second place. There are many reasons that contributed to a state-wide trend of higher insurance rates than the rest of the country. In Michigan’s case, the reason remains…
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Gap insurance is on its way back
This additional coverage is gaining popularity among people with high deductible health plans. Before the Affordable Care Act, gap insurance plans had been quite commonplace. However, after the health insurance exchanges opened for business, it looked as though those additional plans were fading away. At the moment, it looks as though those gap plans are starting to make quite the comeback. As the premiums for insurance plans continue to rise, more people are looking to save money by choosing cheaper coverage. They are opting for high deductible health insurance in…
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