Michigan Drivers Face Another Rate Hike
This is starting to feel a little like the movie, Groundhog Day…
Drivers in Michigan are facing another rate hike. This time, drivers will again see an increase of $10 as part of the state’s no fault insurance plan to help pay toward caring for people that are catastrophically injured in car crashes. (The fee increased by the same amount last year, too.) According to the Detroit Free Press, the new fee will go into effect on July 1st and will now be $170 total.
Now, if you’re scratching your head and thinking, “hey, I thought we just had a rate hike...” well, you’re right! Back in January, vehicle registration fees went up by 20% and don’t forget about that state gas tax that went up 7.3 cents per gallon as well.
See, it’s like Groundhog Day. If you’d like to read more about the increases, click here.
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