In the United States, all drivers are required to insure their vehicles from trucks to motorcycles and everything in-between. However, finding the right car insurance policy to meet your needs can be a daunting task. You’ve likely seen countless commercials and advertisements with each company claiming that they are the best, but how can you be sure you’re finding the right coverage at the right cost? Follow these five essential tips and you’ll never have to worry about overpaying for auto insurance again. Review Your State’s Minimum Insurance Requirements Before…Read More
Tag: personal injury protection
Types of Car Insurance Coverage in the U.S.
Car insurance plans, unlike health insurance, consist of various categories of coverage, each of which has a unique set of fees and benefits. Because drivers can typically choose different coverage amounts for various elements, it’s crucial to understand which types of insurance are appropriate for you. Types of Insurance Coverage 101 Before diving in and selecting an insurance coverage plan, you have to ask yourself some questions: How can you know which option to go for? Is it a legal requirement in your state to have coverage? Is there a…Read More
Report suggests Florida no fault auto insurance repeal would spike premiums
According to the Florida Office of Insurance Regulation, the average driver would have to pay over $200 more. A new analysis of the bill to repeal the Florida no fault auto insurance system has cautioned that drivers will have to pay considerably more money for coverage if it passes. If Governor DeSantis signs the bill, drivers will pay an average of $202 more, said the report. The report pointed to an analysis that showed that if the bill does pass, the no fault auto insurance repeal will cause the highest…Read More
What is a No-Fault State?
Currently, there are 13 no-fault states in the U.S. These include Florida, Kentucky, Michigan, New Jersey, and New York. If you live in a no-fault state, it means that a driver has to first file a claim with their own insurance company if they’re in an accident. Every state sets its own laws as far as who pays for an accident. Sometimes when there’s an accident involving two parties, the goal isn’t determining fault. The following are specific things to know about living in a no-fault state. Overview of a…Read More
Michigan auto insurance reform cuts injured driver fee by 55 percent
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…Read More
Michigan auto insurance law does not guarantee drivers savings, says official
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…Read More
Michigan auto insurance rates are highest of any U.S. state
Newly released survey results show that drivers in the state aren’t wrong about how much they’ve been paying. It shouldn’t come as much of a surprise to know that Michigan auto insurance rates are high. Drivers in the state have been complaining about their premiums for years and lawmakers have made several attempts to alter this situation. A recent survey has confirmed yet again that Michigan drivers are indeed paying more than any other state. The survey confirmed that Michigan auto insurance rates are in fact the highest, on average,…Read More