Michigan Car Insurance Rates

Every action has an equal and opposite reaction, right? Michigan drivers will have soon have the chance to finally see the government step in and take action against many of the largest automobile insurers in the state. Bills FAIR stimulate a new revolution in the insurance reform and lower the cost of automobile insurance in Michigan down where it belongs!

Did you know that auto insurance companies are not restricted under the antitrust laws or the Consumer Protection Act? As now, these companies are allowed to raise their rates all they want when they want, as long as they are still operating within the state for guidelines and several companies asked to be relieved of those!

For years, drivers in Michigan have complained of paying too much for car insurance, the complaints were dismissed as sour grapes by non-listener hears.

They listen now.

"It makes no sense," State Representative Barb Byrum of Michigan and Melvin Butch Hollowell defender said in an interview with Freep.com. "Michigan led the nation in reducing serious traffic accidents, which are down 54 %. Our drivers also have the highest rate of seat belt use American security: 97.2%. The number of accidents involving seniors is at its lowest level since the 1960s, and the number of miles traveled by vehicles is at its lowest level since the 1980s. However, premiums continue to rise. "

Jennifer Granholm Governor called for the adoption of bills FAIR (Fair and Affordable Insurance Reform) which prohibits unfair credit scoring, auto insurance provides little income for those who work for wages that force them to live below the poverty level and insurers are required to obtain state approval before they can raise their rates.

Officials hope that will bring Michigan FAIR explosion of car insurance costs under control and stop the rapid increase in the number of drivers who choose to take to the streets uninsured (and playing chicken with the law Murphy in the process) because the cost of auto insurance is beyond their reach. Currently, the number of uninsured drivers (who have no insurance whatsoever) sits at an alarming rate of 33%.

In a state where auto insurance coverage is mandatory for 100% of drivers, these numbers are not encouraging.

"These reforms will achieve real savings for middle class in Michigan," said Byrum. "The key to achieving this reform are: bipartisan support, protection of our excellent health coverage through no fault of care and treatment fair and equal for all consumers. It can be done. "

If approved, FAIR may be that the response to the uncontrollable, unaffordable and an explosion in unregulated auto insurance rates in Michigan that drivers have been waiting for.