Thursday, March 21, 2013

Michigan's car insurance rates among highest in country

Report: Michigan's car insurance rates among highest in country | MLive.com:
"It came up with an average annual premium of $2,520 in Michigan, the highest behind Louisiana’s rate of $2,699.
Michigan is the only state to offer unlimited lifetime medical care for auto-related injuries under its no-fault auto insurance system. 
Policy holders pay an extra $175 per insured vehicle each year for the Michigan Catastrophic Claims Association to reimburse auto insurers for personal injury protection (PIP) benefits after they exceed $500,000 per claim."

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