Michigan auto insurance to undergo substantial changes throughout 2020

Michigan auto insurance - Michigan license plate

High rates have been a source of contention in the state where drivers pay more than the rest of the country. High Michigan auto insurance rates and how to overcome them has been a controversial topic in the state for decades. In the second half of the year, premiums are likely to fall due to a number of changes in the state. This year, when policies renew on and after July 1, vehicle owners will see a change in those rates they’ve been complaining about for many years. According to…

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Michigan auto insurance reform cuts injured driver fee by 55 percent

Michigan auto insurance reform - car accident

The MCCA intends to reduce its assessment for certain drivers with no-fault reform law implementation. New Michigan auto insurance reform will reduce injured driver fee as of July of next year with the implementation of new law. The Michigan Catastrophic Claims Association will be cutting down assessments for some motorists. The Michigan Catastrophic Claims Association (M.C.C.A.) intends to cut back its assessment for motorists who keep up unlimited medical coverage for injuries in car crashes. This reduction will take the assessment down from $220 to $100 per vehicle and it…

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Michigan auto insurance law does not guarantee drivers savings, says official

Michigan Auto Insurance Law - Driver - Steering Wheel

Motorists have been hopeful that the much-needed changes would make a difference, but it’s not assured. Drivers have been waiting for a new Michigan auto insurance law to help control high and rising premiums in the state. However, according to one official, motorists should not consider the savings to be guaranteed. The personal injury protection (PIP) system has made Michigan rates the highest in the country. The new Michigan auto insurance law does not provide any new assurances that the extra costs from additional required liability coverage would be offset…

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How to Save on Car Insurance in Michigan

Michigan Auto Insurance rates

It’s no secret, car insurance in Michigan is very expensive. For the fifth year in a row, Michigan has ranked as the most expensive state for Car Insurance. In 2018, The average car insurance premium for Michigan residents is 64% higher than the national average premium. So far for 2019, our own research has shown that currently Michigan drivers are paying on average $1,300 for a one full coverage vehicle. This is $346 higher than the national average. The national average currently stands at $954 per year. With premiums so…

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Michigan auto insurance rates are increasing yet again

Michigan Auto Insurance Rates - Graph - Auto Insurance rates on the rise

Drivers throughout the state are bracing to once again pay more for their no-fault coverage. Michigan auto insurance rates are about to head upwards yet again. Motorists are accustomed to seeing their premiums rise as a result of the ever-increasing no-fault coverage fees. Now, many will need to tighten belts even further to help them afford the new rates in the state. The rising Michigan auto insurance rates have been problematically high for several years. The upward trend of coverage costs has been a persistent one. State lawmakers have repeatedly…

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Auto insurance no fault regulation in Michigan could change

michigan auto insurance

Many people in the state are pushing to have this required element of the policy removed due to cost. The Insurance Institute of Michigan, insurers, other people in the industry, and the residents of the state are now recognizing that the auto insurance in the state requires some changes in order to keep its rapidly rising costs under control. The no-fault portion of the required coverage in the state is leading the cost of car ownership skyward. Now many are starting to feel that this auto insurance system is ready…

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Michigan insurance news – no-fault fund transparency

Michigan Auto Insurance news

  Every car in Michigan pays a $175 yearly fee to the Michigan Catastrophic Claims Association. In recent insurance news, one Judge in Ingham county decided that the public fund should be open for review so residents can understand how the fund sets the annual rate. No-fault and catastrophic loss The MCCA was created by state legislation to help Michigan insurance companies that pay out more than half a million in claim money to people in car accidents and suffer life altering injuries. This limit is for individual claims. Residents have…

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