Michigan Auto Insurance Reform State Farm
But that could change following michigan s passage of sweeping car insurance reform which went into effect july 2 2020.
Michigan auto insurance reform state farm - Coverage options may vary by state. State farm and its affiliates are the largest providers of auto and home insurance in the united states. Unlimited coverage this would be the same as you have today option 2.
Discounts and their availability may vary by state and eligibility requirements. Since 1973 state law mandated consumers buy an auto policy with unlimited lifetime medical coverage. Signed into law by governor gretchen whitmer the pip reform options take effect july 1 2020.
To learn more about auto insurance coverage in your state find a state farm agent. A new report by a consumer advocate claims that some michigan drivers will see only minimal savings this year from the coming rollout of the state s revamped auto insurance system although gov. Check out the new pip medical coverage options and talk to your state farm agent to help you figure out which works best for you.
Michigan s new no fault law means drivers have more options for personal injury protection coverage also known as pip benefits pip covers medical bills from injuries sustained in an auto accident as well as rehabilitation costs lost wages attendant care services tending to an injured. Up to 250 000 in coverage. In the past decade but no state has felt the impact quite like michigan.
After speaking with progressive she was told by a state farm agent that her blue cross blue shield health insurance may qualify her for a 0 pip auto policy and lower her overall auto premium to. Drivers there pay the highest car insurance rates in the country. Its 19 200 agents and 59 000 employees serve approximately 84 million policies and accounts over 81 million auto fire life health and commercial.
Mandatory unlimited pip coverage has been in place since 1973. The only coverage available in michigan today is unlimited pip. As the years passed this flawed system caused michigan auto insurance rates to skyrocket to some of the highest in the country.
The mission of state farm is to help people manage the risks of everyday life recover from the unexpected and realize their dreams. Talk with a state f. Why reform was needed.
State farm mutual automobile insurance company bloomington il. Not all vehicles or drivers are eligible for discounts. That will expand in july 2020.
Michigan auto no fault reform law in july 2020 will change the way drivers shop for car insurance by providing multiple coverage options. You will now be able to choose the personal insurance protection pip option that suits your needs. Up to 500 000 in coverage option 3.
There were no cost reducing measures regardless of who was at fault. What is michigan s car insurance reform.
