Michigan Auto Insurance Reform Explained

The average annual cost of an auto insurance policy was 3 096 last year according to the zebra an. Given those high premiums as pip can account for half of auto insurance premiums michigan also has one of the highest uninsured rates in the country. The michigan house and senate passed a long awaited auto insurance plan friday that they say will dramatically cut car insurance rates for drivers.

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Effective june 11 2019 non michigan residents who are injured in michigan are not eligible for michigan pip personal injury protection benefits unless their vehicle is both registered and.

Michigan auto insurance reform explained - The new michigan no fault law passed and the debate over how to reform the 45 year old michigan car insurance law is over. On this most basic simple and straight forward point the senate republicans new michigan no fault auto insurance bill is an epic fail. Speaker of the house lee chatfield hugs fellow republican lawmakers on the house floor immediately following the vote friday afternoon.

The whole point behind michigan no fault auto insurance reform is to provide meaningful rate relief to drivers who pay too much. The new michigan no fault reform aims to maximize coverage while providing relief in the form of lower rates and a greater number of pip coverage options five to be exact for michigan. The new michigan no fault bill passed today and now the debate over whether and how to reform the 45 year old law is over.

Michigan auto insurance reform explained. No guaranteed savings under new michigan auto law here s the problem. The reform has been 46 years in the making since the state adopted no fault auto insurance in 1973 in an attempt to put the brakes on runaway lawsuits that were being filed by people involved in.

By aaron mondry updated may 24 2019 2 46pm. No fault reform has been sold as the key to bringing down michiganders insurance costs. Previously out of state residents could claim michigan pip benefits if their auto insurance company had certification to write policies in michigan.

A bill will reach gov. Call toll free 800 777 0028. Whitmer s desk soon will she sign it.

What the no fault auto reform deal means for michigan drivers. The bodily injury liability insurance it covers claims made against drivers for injuries to others if they are at fault in an auto accident says erin mcdonough executive director of insurance alliance of michigan. Learn what changed now.

The law does require that the that you have an increase in the amount of bodily injury liability coverage. Here is what you need to know. For several years michigan has had the highest average auto insurance premium in the country.

The point of real reform is to make auto no fault more affordable.