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Before the change, Michigan had the highest car insurance rates in the US. I am sure this will make them even higher. Having policies that make car insurance
by jcampbell1 7y ago
Before the change, Michigan had the highest car insurance rates in the US. I am sure this will make them even higher. Having policies that make car insurance expensive is an unforced drain on the statewide economy. Sensible policies would add about $1200/year in disposable income per car in Michigan.
- dole 7y agoMichigan also has auto insurance changes due to take effect in July 2020 that will also wind up affecting their rates, notably the lifting of the heavy Personal Injury Protection coverage: "Michigan has the highest car insurance coverage requirements in the U.S. — most notably Personal Injury Protection (PIP) insurance with unlimited, lifetime medical coverage for car accident injuries. Michigan's insurance requirements guarantee many health and recovery benefits to injured drivers, including reimbursement for lost wages, in-home nursing care, and specialized medical treatments." [1] [1] https://www.thezebra.com/resources/research/michigan-car-insurance-crisis https://www.thezebra.com/resources/research/michigan-car-ins... (I didn't realize their rates were THAT much more than surrounding states... ouch.)
- thrower123 7y agoI think their rates are high because they have one of the highest rates of both deer-vehicle hits and drunk driving.