As it stated in A Fresh outline to reduce Michigan’s auto insurance averages premiums going to be rolled out today in Lansing.
Detroit Mayor Mike Duggan is helping lead the bipartisan repair effort.
Duggan has teamed up by home Speaker Tom Leonard & Rep. Lana Theis, seat of the Michigan home Committee on Insurance.
Duggan is helping lead the effort to reduce rates, because he tells prices in the city of Detroit are between the highest.
The outline going to be unveiled at ten a.m. in the Speaker’s library on the 2nd floor of the State Capitol.
Republicans, Duggan to unveil outline to drastically reduce Michigan auto insurance averages
Skip in Skip x Embed x Share lock The Michigan Legislature is trying to tackle the thorny issue of no-fault auto insurance averages.
WochitBuy picture lock to hundred people showed up for a town hall meeting in Detroit Monday night to talk about the high cost of auto insurance in Michigan.
Detroiters at the town hall were outraged with the amount of money they must pay for auto insurance averages.
“Why can’t insurance averages be the same based on driving records & not where we live.”
Rusty Merchant, a spokesman for the Insurance Alliance in Michigan, said which insurance averages are based on the frequency & severity of appeals in a particular area.
Duggan, Leonard look up to add cost-cutting options in auto insurance
As it stated in Under the $250,000 cap coverage plan, auto insurance companies would be required to lower the personal injury prevention (PIP) part of a driver’s auto insurance averages premiums with 40 % in the premier year.
Drivers too would no longer be required to pay a $170-per-vehicle fee for the state’s catastrophic hurts fund, Duggan said.
“We’ve got a mechanism in there for the insurance commissar to protect averages which are going up faster than are justified,” Duggan told Crain’s.
Duggan said the $500,000 lifetime cap would relieve drivers of paying the complete MCCA fee.
Leonard, Duggan & home Insurance Committee Chairwoman Lana Theis of Brighton Twp. going to detail their no-fault auto insurance averages repair outline at a ten a.m. Tuesdsay break news conference at the state Capitol.
collected by :Sofia Iden