Automobile Rates on the Rise in Mich.

The typical Michigan motorist will experience increased automobile insurance rates during the coming year, according to the Michigan Office of Financial and Insurance Services (OFIS). To help Michigan motorists combat rising the OFIS recently released a consumers’ guide to rates.

“Recent rate filings with the [OFIS] show that some motorists will experience rate increases of 10 percent or more over last year. Michigan continues to have a good automobile insurance market for consumers. The rate increases we are experiencing are identical to national trends,” OFIS Commissioner Frank M. Fitzgerald commented.

“As rates increase, it is especially important to shop for the best value. The 2002 Buyers’ Guide to Auto Insurance can assist Michigan consumers in getting the best possible price on their automobile insurance.”

Topics Trends Pricing Trends Michigan