Data: Michigan is most expensive state to own car; what gives?
Costly carsThe Great Lakes State -- the undisputed birthplace of automobile manufacturing -- is the most expensive state for car ownership, according to data from Move.org. It costs about $5,264.58 every year to own a car in the United StatesThe average Michigan resident pays $9,304.28 every year for their car. Look at this stunning gap between Michigan and the next most expensive state to own a car, Florida:That’s a gap of more than $2,000 annually. Compared to this, Michigan’s minimum insurance cost of $5,740 seems incredibly expensive, according to the data. As you probably know by now, car insurance is so expensive in Michigan because the state requires the most expensive minimum coverage levels in the country.
Why its important to take a close look at your insurance during the COVID-19 pandemic
DETROIT If youre still working from home, that means youre driving less and that could mean big savings when it comes to your insurance. Experts say people should take a closer look at their insurance coverage during the coronavirus (COVID-19) pandemic. READ: How Michigan auto insurance savings could prove costly if youre seriously hurt in a crashIf you now work remotely full time, you might have a second family car sitting idle in the garage while you pay insurance on it. Maybe you still need to drive, but are driving much less than you used to. Insurify Insurance Expert Kacie Saxer-Taulbee said the worst thing you can do is cancel your car insurance.
Michigan drivers face new insurance choice starting Thursday
LANSING, Mich. Michigan drivers who renew or buy car insurance face a choice starting Thursday: stick with unlimited medical coverage, go with less or -- for seniors with Medicare -- opt out entirely. Such lawsuits are expected to rise since fewer people will have unlimited medical. Fox said concerns that higher bodily injury coverage would completely negate PIP savings have not been borne out. Someone with unlimited medical and the default bodily injury coverage, for example, will still save about 10%, according to state data. The state said calls to its auto insurance hotline are up tenfold from May.
Watch Live: Detroit Mayor Mike Duggan holds press conference
DETROIT – Detroit Mayor Mike Duggan will hold a press conference at 2 p.m. Monday. Duggan is speaking about high car insurance rates and providing an update on the coronavirus pandemic along with protests against police brutality. You can watch the press conference in the video player above.