Michigan Auto Insurance Rates Could Soon Be Reduced
Here's some good news for motorists in Michigan to wake up to this morning. While most of us were sleeping last night, legislation to cut high auto insurance rates for Michigan drivers was advanced by lawmakers. Early this morning, the Republican-led state House approved an overhaul that would let people save money by opting out of mandatory unlimited medical coverage for car crashes. The House passed the plan on a 61-49 vote just after 2 a.m. on Thursday.
According to WILX, motorists could see anywhere from $120 annual savings all the way up to $1,200, using the average cost of an auto insurance premium of $2,400 a year and half of that being PIP coverage. The plan will now be considered by the state Senate in Michigan. If it passes and is signed into law, the plan would take effect in six months. You can click here to find out more.