Michigan’s landmark auto insurance reform bill is signed into law

Michigan Governor Gretchen Whitmer officially signed a landmark no-fault auto insurance reform bill today (May 30). The legislation, which passed with bipartisan support, is designed to lower the state’s ‘extortionate’ insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries.

The bill, which will take effect next week once it has been filed with the Office of the Great Seal, will guarantee rate reductions for every Michigan motorist and offer choice among personal injury protection, or PIP, levels, which often make up about 50% of car insurance premiums. According to earlier Associated Press reports, a rollback in PIP rates will start in July 2020 and last for eight years…..Read More