$400 per-vehicle refunds going out to more than 7 million insured drivers
The
More than seven million
The refunds come on top of savings from the
“Now through
More drivers are also buying car insurance for the first time, or for the first time in a while now that it’s more affordable. According to data compiled by IAM member companies, more than 155,000 drivers have purchased car insurance since reforms took effect on
Reforms have also encouraged more companies to enter Michigan’s auto insurance market. To date, 37 new companies are planning to enter the market or have already done so, increasing competition and further lowering the cost of auto insurance.
Despite a massive PR and lobbying campaign by special interest groups trying to turn back the clock, auto no-fault reforms are putting money back in the pockets of Michiganders at a time of rising inflation and costs, McDonough said.
“We’ve heard from member companies that direct deposits are already starting to roll out and more are on their way,” McDonough said. “These refunds are a direct result of staying the course on the 2019 bipartisan auto no-fault reforms, saving
Greg Counts Insurance Agency
Chancellor announces tax cuts to ease cost of living pressures in Northern Ireland
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News