I personally don’t understand the “no fault” contingency. There is someone responsible for an accident. Why do I have to have no fault and uninsured motorist at the same time? I haven’t had a ticket or accident in over 30 years, yet I pay over $900 on a 2007 cobalt.
The point of no-fault is to get your claims paid without having to sue the at fault party. And, if it is your fault, you still get your claims paid.
I’ll tell you why you carry it. Because you just never know when you will be in an accident. Did you know that life flight (ambulance helicopters) charge over $35,000 for a short trip? Yes. I got to spend about 20 minutes in a helicopter from the sight of the accident to the nearest trauma facility. My PIP was gone once that helicopter was called. In the two accidents I’ve been in that resulted in injuries, I wasn’t driving. I had all the discounts on my insurance for no tickets and no accidents. I’ve been driving over 30 years also. You just cannot predict when or how you’ll need coverage for an accident. It’s not always your driving that’s the problem, by the way.
Where did you find insurance that inexpensive? I just checked on auto insurance for a 2008 Cobalt ls and it was close to $2000 a year for full coverage. That is over $1000 more than I pay in Wisconsin for full coverage. Guess I will stay living in Wisconsin. Michigan insurance is beyond crazy.
Bottom line – “no fault” was designed to make easier the lives of doctors and lawyers. Doctors weren’t getting paid until after motor vehicle accident lawsuits were finally adjudicated which could take years, especially where appeals were involved.
By several methods, lawyers have turned no-fault into a cottage industry, often by venue shopping and exploiting provisions of the various state laws. Medical providers have not yet been fully called to account for vagarious pricing schemes – that should be the next step.
Insurance companies have contributed to take medical decision making out of the hands of consumers, too. Consumers have largely allowed all the above, so there’s plenty of blame to go around.
The insurance laws in the State of Mich. are the dreams of all who want to be guaranteed of business success. Get a mandate passed by givernment dupes that requires citizens by power of law to buy their prducts. What ever happened to the moral requirement of individual responsibility. Every driver should be individualy responsible for damages caused by his incompetence. Why not require Driver insurance coverage instead of individual auto coverage. Follow the money to the nearest insurance company.
Medical coverage costs about $15/month, and is DECREASING steadily. This is far cheaper than collision coverage. How much do you pay for cable TV versus medical care if you are injured in a catastrophic accident? Our legislature is only guaranteeing a short-term savings with this dubious bill. This would be a long-term savings for insurance companies only. This legislature works for the insurance industry–not for the common person. Fraud should be investigated and punished on both sides–the medical providers who defraud and the insurance companies who deny benefits. The bills proposed by this administration are pandering to the insurance lobby who generously donates to Gov. Snyder’s and Senator Hune’s campaigns. As for lawyers, prior to the No-Fault Law, lawsuits were far more rampant and extensive. In other states, lawsuit for millions and millions of dollars are filed against insurance companies, and no real savings is experienced. The legislature is making the medical community the scapegoat for our high auto insurance rates–when the real culprit is the insurance industry who makes record profits at the expense of consumers. Some medical providers may cheat–I don’t doubt that, but most got in the business of helping people because they want to help people.
Commonly there are two medical related components in a MI auto policy. Personal injury Protection (PIP) and Catastrophic Coverage (MCCA).
As of 3/27/15 MCCA cost is $150 per year per vehicle. ($12.50 per MONTH)
PIP cost varies by driving record and limits of the policy. Take the figure for PIP and convert to monthly…
Then find out how much your employer pays for coverage…Compare the deductibles.
The cost for a non-coordinated MI auto policy may look comparatively favorable.
I personally don’t understand the “no fault” contingency. There is someone responsible for an accident. Why do I have to have no fault and uninsured motorist at the same time? I haven’t had a ticket or accident in over 30 years, yet I pay over $900 on a 2007 cobalt.
The point of no-fault is to get your claims paid without having to sue the at fault party. And, if it is your fault, you still get your claims paid.
I’ll tell you why you carry it. Because you just never know when you will be in an accident. Did you know that life flight (ambulance helicopters) charge over $35,000 for a short trip? Yes. I got to spend about 20 minutes in a helicopter from the sight of the accident to the nearest trauma facility. My PIP was gone once that helicopter was called. In the two accidents I’ve been in that resulted in injuries, I wasn’t driving. I had all the discounts on my insurance for no tickets and no accidents. I’ve been driving over 30 years also. You just cannot predict when or how you’ll need coverage for an accident. It’s not always your driving that’s the problem, by the way.
You mention only price. How about limits, mileage, useage, deductibles, etc, etc???????
Where did you find insurance that inexpensive? I just checked on auto insurance for a 2008 Cobalt ls and it was close to $2000 a year for full coverage. That is over $1000 more than I pay in Wisconsin for full coverage. Guess I will stay living in Wisconsin. Michigan insurance is beyond crazy.
Bottom line – “no fault” was designed to make easier the lives of doctors and lawyers. Doctors weren’t getting paid until after motor vehicle accident lawsuits were finally adjudicated which could take years, especially where appeals were involved.
By several methods, lawyers have turned no-fault into a cottage industry, often by venue shopping and exploiting provisions of the various state laws. Medical providers have not yet been fully called to account for vagarious pricing schemes – that should be the next step.
Insurance companies have contributed to take medical decision making out of the hands of consumers, too. Consumers have largely allowed all the above, so there’s plenty of blame to go around.
The insurance laws in the State of Mich. are the dreams of all who want to be guaranteed of business success. Get a mandate passed by givernment dupes that requires citizens by power of law to buy their prducts. What ever happened to the moral requirement of individual responsibility. Every driver should be individualy responsible for damages caused by his incompetence. Why not require Driver insurance coverage instead of individual auto coverage. Follow the money to the nearest insurance company.
Medical coverage costs about $15/month, and is DECREASING steadily. This is far cheaper than collision coverage. How much do you pay for cable TV versus medical care if you are injured in a catastrophic accident? Our legislature is only guaranteeing a short-term savings with this dubious bill. This would be a long-term savings for insurance companies only. This legislature works for the insurance industry–not for the common person. Fraud should be investigated and punished on both sides–the medical providers who defraud and the insurance companies who deny benefits. The bills proposed by this administration are pandering to the insurance lobby who generously donates to Gov. Snyder’s and Senator Hune’s campaigns. As for lawyers, prior to the No-Fault Law, lawsuits were far more rampant and extensive. In other states, lawsuit for millions and millions of dollars are filed against insurance companies, and no real savings is experienced. The legislature is making the medical community the scapegoat for our high auto insurance rates–when the real culprit is the insurance industry who makes record profits at the expense of consumers. Some medical providers may cheat–I don’t doubt that, but most got in the business of helping people because they want to help people.
Commonly there are two medical related components in a MI auto policy. Personal injury Protection (PIP) and Catastrophic Coverage (MCCA).
As of 3/27/15 MCCA cost is $150 per year per vehicle. ($12.50 per MONTH)
PIP cost varies by driving record and limits of the policy. Take the figure for PIP and convert to monthly…
Then find out how much your employer pays for coverage…Compare the deductibles.
The cost for a non-coordinated MI auto policy may look comparatively favorable.