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11/17/21 - Expect Cheaper Auto Insurance Rates

Wednesday, November 17, 2021 at 9:20 AM

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Michigan drivers will have better auto insurance options and can save some money.

Governor Gretchen Whitmer announced Tuesday that, compared to last year,  Michigan drivers should expect lower costs and more savings for their auto insurance policies. 

New auto insurance reforms were signed into law by the Governor this year.     

The amount of savings depends on the level of coverage chosen.  Drivers should see more savings on the PIP medical portion of their policies, which could average between 25 to 62%.  

The Governor says drivers in Michigan needed relief from the high auto insurance rates that they have paid for years. Drivers will be able to choose the coverage that best meets their needs and budget.

Governor Whitmer also reminds drivers who have let their auto insurance lapse that time is running short to take advantage of purchasing insurance penalty-free before the Jan.1 deadline.   

The Michigan Department of Insurance and Financial Services Director Anita Fox says, “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 and starting on January 1, drivers can once again be charged a penalty or increased premium after a lapse in coverage, so we strongly encourage all uninsured drivers to contact an agent or insurer today to apply.”

 

 

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