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Friday, 01 July 2022 12:04

CURE Insurance Celebrates 1 Year in Michigan

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CURE auto insurance celebrated expanding into the Michigan market a year ago July 1, and with impressive numbers.

At the time when the latest no-fault reforms took effect, the insurer had projected savings of up to 40% for Michigan drivers. Those numbers held true and after a year, CURE has insured more than 30,000 Michigan drivers with millions of dollars in savings.

 

Breaking that down further, the average savings per driver was in excess of $1,000.

 

"For all the naysayers, our numbers and more importantly, our insureds, tell a different story," said Eric S. Poe, Esq., CPA, CEO of CURE. "The reforms really are working and working well."

 

Poe was confident CURE could make a real difference to the residents of a state that had drivers paying the highest car insurance rates in the U.S.

 

"However, drivers need to shop around and rely less on their agents who are paid a commission on what consumers pay for insurance," Poe said. "The higher the rate, the more money the agent makes. At CURE, we do not use agents. That's why Michiganders are flocking to our website. We are finding that 94% of drivers are selecting options under the new law with average savings of 40%, which reaffirms that the reforms are needed and working."

 

Looking back to day one, Poe remembered, "One of the very first bound policies was for a mother and son in Pontiac, MI, who were previously paying $3,600 per year. Their rate dropped to $1,820. The next was...


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