Michigan Gov. Gretchen Whitmer announced that drivers should save on average between 25-62% on the PIP medical portion of their auto policies compared to the previous year.
The lower premiums continue a trend of declining rates from Michigan’s new auto insurance law, which went into effect in 2019.
In 2020, Michigan auto insurance rates fell 18%.
“Michigan drivers called for relief from high auto insurance rates for decades, and I am pleased that this bipartisan legislation has resulted in savings, increased consumer protections, and more consumer choices than ever before,” said Whitmer. “Drivers are able to choose the coverage level that best meets their families’ needs and budget, and even those who’d like to keep unlimited coverage, which provides the nation’s most generous benefits, are still saving money.”
Earlier this month, Whitmer pressured the Michigan Catastrophic Claims Association to refund all insured Michigan drivers due to a $5 billion surplus in the organization’s fund that reimburses insurers medical costs for people seriously injured in crashes.
Whitmer also said in a reminder that drivers who have let their auto insurance lapse have until January 1, 2022 to take advantage of purchasing insurance penalty-free.
“One of the most important consumer protections is the uninsured driver amnesty period, which helps drivers who have let their insurance lapse purchase insurance without paying a penalty or increased premium – but they must apply before January 1, 2022,” said Michigan Department of Insurance and Financial Services Director Anita Fox.
Topics Auto Personal Auto Michigan
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