Saturday, June 30, 2018

The price of auto insurance in Michigan

A new report says Michigan’s auto insurance rates are still the highest in the nation.

The ZEBRA is a company that tracks auto insurance rates across the country.
Zebra’s Alyssa Connelly says the average annual auto premium in Michigan is about $2600, which is nearly twice the national average.  According to the report, North Carolina motorists pay the lowest annual premiums ($865). 

The 2018 State of Auto Insurance Report finds motorists in Detroit pay $5,414, on average.


Currently, Michigan's no-fault policy means insurance companies pay for all reasonably necessary medical care and treatment for as long as you need it (i.e. lifetime) along with up to three years' wage loss after you’re involved in an accident

...vehicle-theft rates in Detroit, for instance, that are almost seven times the national rate.

What could go wrong? 

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