Michigan Car Insurance Fee Falling To $100 A Vehicle In July
LANSING, Mich. (AP) — Michigan drivers who want unlimited lifetime coverage for crash injuries will pay $100 per vehicle starting in July — a reduction from record $220 they are assessed now.
The Michigan Catastrophic Claims Association announced the 55% fee cut Wednesday, months after the passage of a new law making the mandatory benefit optional beginning next summer.
The state-created entity that reimburses insurers for claims surpassing $580,000 says those who buy less personal injury protection coverage will avoid the $100 fee altogether, unless the association is in a deficit position. Michigan has the highest average car insurance premiums in the country.
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