DETROIT – Changes are coming to auto insurance bills in Michigan.
After years of paying the highest car insurance rates in the country, the Michigan Legislature voted this year to change the no-fault insurance. Drivers can expected to see around $120 in savings starting in July.
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.
Currently, residents are charged a $220 fee for the Michigan Catastrophic Claims fund, today the association that runs it said at max people will pay $100 for unlimited medical coverage. In 2020 people will have the option of reducing that coverage or waiving it completely.
Watch the video above for the full report.