Michigan Auto Insurance Reform Medicare
You can opt out of pip altogether.
Michigan auto insurance reform medicare - What s happening in michigan. Michigan auto reform laws medicare. Michigan auto reform states that depending on your personal injury choice you should see the following reductions.
If a pip medical option is not chosen by the insured the unlimited pip medical option is selected by default. 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. 35 reduction opt out of pip coverage.
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. We re starting to pay a lot more attention to and are getting a lot more questions relating to car insurance in michigan. This webpage will be updated to provide the latest information to.
February 17 2020 5 comments. Specifically how does it relate to michigan s auto laws and upcoming changes. This means that motorists can select the amount of medical coverage they want when purchasing their auto insurance.
500 000 pip coverage option. On may 30 2019 governor whitmer signed historic bipartisan no fault auto insurance reform legislation public acts 21 and 22 of 2019 to provide insurance coverage options lower rates for michigan drivers while maintaining the highest benefits in the country and strengthen consumer protections. The new auto insurance reform law which goes into effect on july 1 2020 allows motorists to opt out of buying personal injury protection pip as part of their auto insurance if their health insurance covers auto injuries.
Individuals with medicare or qualified health insurance will receive a 100. You can choose 250 000 500 000 or unlimited coverage. 20 reduction 250 000 pip coverage option.
Michigan s auto insurance reform implements other protections to help reduce costs such as the elimination of non driving factors in rates a fraud investigation unit mcca transparency prior. If you haven t already heard michigan s new auto insurance reform law goes into effect on july 1 2020. With the new law you can opt out of buying personal injury protection pip as part of your auto insurance but only if your health insurance policy covers auto injuries and has a deductible of 6 000 or less.
Any of their household members must have another auto insurance policy or health insurance that will cover auto accident injuries. Michigan auto insurance savings. As a result of this new law michigan residents may have lower auto insurance premiums because of the lessened pip coverage on auto policies.
