LANSING, Michigan (WJRT) – After paying for one of the highest auto insurance rates in the United States, Michigan drivers have saved the most thanks to rate cuts this year.
Governor Gretchen Whitmer said Michigan drivers received an average of 18% lower auto insurance rates in 2021, exceeding the national average of 4% in savings. She acknowledged that the state’s 2019 auto insurance reform law had saved money.
Michigan drivers have been clamoring for relief from high auto insurance rates for decades, and I am delighted that this bipartisan legislation has saved money, increased consumer protection and offered more choice to consumers. consumers than ever before, ”Whitmer said.
Michigan drivers had all been required to pay for unlimited coverage for bodily injury through their auto insurance, which offered lifetime benefits to treat serious injuries caused by an accident. The new law allows drivers to choose from different levels of medical coverage ranging from an unlimited number to $ 50,000.
“Drivers can choose the level of coverage that best fits their family’s needs and budget, and even those who want to keep unlimited coverage, which offers the country’s most generous benefits, continue to save money. “said Whitmer.
Drivers will save even more money after the Michigan Catastrophic Claims Association approved a refund to be sent to every auto insurance policyholder. The amount, timing and distribution plan of the reimbursement have not been announced.
All Michigan drivers who do not have valid auto insurance can take advantage of an amnesty period until January 1, allowing them to purchase coverage without paying a penalty or rate increase.
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