Are you a Michigan driver paying an extremely high premium for car insurance? The Michigan House is expected to begin considering reforming car insurance to cap catastrophic injury payouts capped at $1 million. This legislative plan is intended to reform Michigan’s no-fault auto insurance system.
According to the Lansing State Journal, this could save the average Michigan family $250 a year in insurance costs. It would also require insurance companies to lower premiums by $125 per vehicle for one year.
This topic is receiving a lot of attention and can make a big difference for car insurance companies as well as Michigan drivers. The no-fault auto insurance debate has drawn packed crowds and the bill will now move to the house floor.
While SafeAuto doesn’t offer car insurance coverage in Michigan, we will keep you up-to-date on this hot topic!