Michigan Lawmakers Try to Tackle Car-Insurance Rates

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Michigan has the highest auto-insurance rates in the nation. Here is how state lawmakers are trying to fix that.

Michigan is the only state that requires car owners to buy no-fault insurance that carries unlimited medical liability. Under such coverage, insurers pay for medical expenses with no set monetary limit, regardless of who caused the accident.

 

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They also need to think about Louisiana insurance prices. It's ridiculously high

Using a person's credit score to set premium rates is expensive for people who are struggling financially and aren't costing insurance companies a dime.

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Michigan auto rates are high for 2 reasons: 1. No-fault state laws 2. PIP laws

Thought was Georgia

well when your clients likelihood of driving into a pothole similar to that of the grand canyon is over 80%, insurance companies probably have to protect themself with higher premiums.

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