Auto Insurance Archive

  • R Street Institute: Reforming Michigan’s Auto Insurance Market

    R Street Institute: Reforming Michigan’s Auto Insurance Market

    by R.J. Lehmann Michigan’s unaffordably high auto insurance premiums result in large part from its unique requirement granting all policyholders unlimited lifetime medical benefits. Higher rates of medical utilization and significantly higher reimbursements for common medical claims than those paid by Medicare or private workers compensation insurers show how pervasive the problem has become. Allowing […]

    Read More

  • It is Time: Governor Calls for No-Fault Reforms in SOS

    It is Time: Governor Calls for No-Fault Reforms in SOS

    Governor Snyder pushes for lower rates through comprehensive reforms Lansing, Mich. – The Michigan Insurance Coalition agrees with Governor Rick Snyder that now is the time to reform Michigan’s no-fault insurance to make auto insurance affordable for all Michigan families. In tonight’s State of the State address, Governor Snyder said, “We are the tenth most […]

    Read More

  • Michigan drivers: Are you carrying fake auto insurance?

    Michigan drivers: Are you carrying fake auto insurance?

    By Susan Tompor Detroit Free Press Personal Finance Columnist Some Michigan drivers are being warned that they may have bought fake auto insurance through the Tennessee Christian Motorist Aid, according to state regulators. The Michigan Office of Financial and Insurance Regulation ordered Marvin Graber and Tennessee Christian Motorist Aid to cease and desist from conducting […]

    Read More

  • Auto insurance fraud costs state $3 billion annually

    Auto insurance fraud costs state $3 billion annually

    MLive By Danielle Favorite Auto insurance fraud is a growing problem in Michigan. What is auto insurance fraud? It includes staged auto accidents and false claims of injury; false reports of stolen vehicles and billing for medical treatment never rendered. To deter this activity, there is legislation (House Bill 5701) that I support to create […]

    Read More

  • Michigan stands out on high cost of car insurance

    Michigan stands out on high cost of car insurance

    By Gary Wolfram Detroit Free Press guest writer A recent study found that Michigan’s car insurance rates are the highest in the nation. When looked at as a percent of annual median household income, Michigan drivers spend 8% on car insurance, according to CarinsuranceQuotes.com. The next highest state was Louisiana at 5.5%. Michigan’s rates as […]

    Read More

  • Commentary: For Detroiters, auto insurance costs still far too high

    Commentary: For Detroiters, auto insurance costs still far too high

    The Detroit News By Rep. Shanelle Jackson Auto insurance costs for Detroit residents have long been excessive. Detroiters pay the highest autoinsurance premiums in Michigan. In this time of economic hardship, rate increases threaten the financial security of many middle-class working families in Detroit. Something must be done. This growing problem is in need of […]

    Read More

  • Unlimited medical benefits are driving up the cost of auto insurance

    Unlimited medical benefits are driving up the cost of auto insurance

    Michigan rolling towards no-fault reform The Detroit News By Maria Servold When Sam Howell was 18 years old, he was in a major car accident that nearly killed him, put him in a coma for three months and now requires him to have 24-hour care. Instead of having to live the rest of his life […]

    Read More

  • Report: Michigan has highest car insurance costs in nation

    Report: Michigan has highest car insurance costs in nation

    By Melissa Anders | manders@mlive.com Michiganders pay a larger portion of their salaries on car insurance than residents of any other state, according to a study released today by CarInsuranceQuotes.com. “Middle-of-the-road” policy holders from Michigan spend about 8 percent of their median household income for car insurance, the report found. The next highest state is […]

    Read More

  • OFIR’s Tips on Coordinating Auto and Health Policies

    OFIR’s Tips on Coordinating Auto and Health Policies

    LANSING – When purchasing automobile insurance, many Michigan drivers will be offered a discount from their auto insurance company if they coordinate their auto policy with their health coverage and wage loss or disability coverage. Michigan’s no-fault law requires auto insurers to offer a discount on the personal injury protection portion of the premium if […]

    Read More

  • Guest column: Michigan’s no-fault auto insurance system still needs reform

    Guest column: Michigan’s no-fault auto insurance system still needs reform

    Jackson Citizen Patriot By Pete Kuhnmuench A recent announcement that the Michigan Catastrophic Claims Association’s assessment for catastrophic auto accident injuries will rise 21 percent on July 1 validates concerns by the insurance industry that the state’s no-fault auto insurance system needs reform. Michigan’s is the only state in the country that mandates that every […]

    Read More