The Michigan Department of Insurance and Financial Services is reminding uninsured drivers that they have until midnight on Dec. 31, 2021 to get penalty-free auto insurance.
The amnesty period ensures that fees will not be charged if a driver who let their insurance lapse applies for an auto insurance policy before Jan. 1, 2022. After the deadline, uninsured drivers will still be able to purchase a policy, but those fees can once again be charged.
“Uninsured drivers face big financial and legal risks by hitting the roads without insurance, but it is not too late to get covered so that you and your family are protected,” said DIFS Director Anita Fox. “With this deadline just around the corner, and new lower-cost coverage choices available to consumers, now is the time to shop around for auto insurance and save money before fees and penalties can once again be charged by insurers.”
In 2019, before the new auto insurance law took effect, an estimated 20% of Michiganders, and approximately 60% of Detroiters, were believed to be driving without insurance. The amnesty period gives drivers who have allowed their auto insurance to lapse the opportunity to purchase a policy without facing penalties or increased premiums if they apply for coverage with a licensed insurance agent or company before the Jan. 1, 2022 deadline.
So far, more than 155,000 previously uninsured Michiganders have taken advantage of this opportunity to obtain penalty-free auto insurance, including more than 66,000 who were driving without insurance for more than three years.
Source: Michigan Department of Insurance and Financial Services
Topics Personal Auto Michigan
Was this article valuable?
Here are more articles you may enjoy.
‘Buffett Got it Wrong’ on California Fire Risk: PG&E CEO 
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court 
Two Montgomery Workers Charged with Insurance Fraud in Alabama 
Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse 
