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Monday, 30 November 2020 23:31

Michigan Officials Applaud Further Cost Reductions for Drivers Under Auto Insurance Reform

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...to ensure these savings continue to be passed on to drivers,” said DIFS Director Anita Fox. “Drivers who would like to see additional savings should shop around and talk to an insurance agent or company to learn about the coverage options available to them.”  
 
“Michigan residents have been seeking auto insurance rate relief for quite some time. My constituents in Detroit, Dearborn and Melvindale have frequently spoken with me about insurance rates being one of their top economic issues that negatively impacts their household budgets, and their families’ health and well-being,” said Sen. Sylvia Santana, D-Detroit. “No one should have to be forced to choose what bills to pay, and I am pleased to see that the Michigan Catastrophic Claims Association has decreased their rates.

 

"This is a welcome relief to Michiganders and a reaffirmation that promises made are promises kept.” 
 
Prior to the Nov. 25 announcement, under the new auto insurance reform law the average statewide PIP medical reductions had already exceeded the statutory requirements. Additional key provisions, including the PIP medical fee schedule, will take effect in 2021.

 

In addition to promoting choice and reducing costs while maintaining benefits, the new auto insurance law also provides for increased consumer protections. The new law prohibits insurance companies from using certain non-driving factors when establishing premiums, provides stronger anti-fraud protections and increases fines and penalties on insurance companies, agencies and licensed agents. 
 
DIFS continues to offer monthly virtual town halls to answer drivers’ questions about the new auto insurance law, and operate its dedicated, no-fault hotline with calls being answered 8 a.m. to 5 p.m. Monday through Friday. Drivers can call 833-ASK-DIFS (275-3437), email autoinsurance@michigan.gov or visit www.michigan.gov/autoinsurance for more information. 
 
Source: Michigan.gov


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