Mich. Gov. Whitmer Announces Initial Auto Insurance Rate Filings Exceed Anticipated Savings Under the New Law
Governor
"This is great news for
Under the new auto insurance law, which takes effect for policies that issue or renew after
PIP Medical coverage pays allowable expenses for medical care, recovery, rehabilitation, and some funeral expenses, and typically represents almost half of an individual driver's premium. Even when adjusted for statutory increases in Bodily Injury coverage (BI), the filings continue to show savings better that what the law required. Pursuant to the new law, rate reductions are shown as statewide averages and are required for eight years. Auto insurance premiums are very individual to each consumer and may vary based upon such things as driving record, miles driven, and coverages selected.
As of
See table and chart here (https://www.michigan.gov/whitmer/0,9309,7-387-90499_90640-527263--,00.html)
"These filings show statewide savings exceeding the law's requirement at each PIP coverage level," said DIFS Director,
DIFS continues to operate its dedicated, no-fault hotline with calls being answered Monday through Friday from
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