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Why reform was needed.
Michigan auto insurance reform state farm. The only coverage available in michigan today is unlimited pip. Car insurance costs have steadily increased in the us. Get an online auto insurance quote its fast and easy. State farm mutual automobile insurance company bloomington il.
State farm vp management corp. You will now be able to choose the personal insurance protection pip option that suits your needs. Investing involves risk including potential for loss. Michigan auto no fault reform law in july 2020 will change the way drivers shop for car insurance by providing multiple coverage options.
Up to 250000 in coverage. Drivers there pay the highest car insurance rates in the country. But that could soon change following michigans passage of sweeping car insurance reform scheduled to go into effect july 1 2020. In the past decade but no state has felt the impact quite like michigan.
Not all vehicles or drivers are eligible for discounts. Signed into law by governor gretchen whitmer the pip reform options take effect july 1 2020. Myles adair in reform al is one of more than 18000 state farm agents nationwide who can help keep you and your family covered with quality auto insurance. Unlimited coverage this would be the same as you have today option 2.
That will expand in july 2020. As the years passed this flawed system caused michigan auto insurance rates to skyrocket to some of the highest in the country. Since 1973 state law mandated consumers buy an auto policy with unlimited lifetime medical coverage. Is a separate entity from those state farm entities which provide banking and insurance products.
Neither state farm nor its agents provide tax or legal advice. Pips unlimited lifetime medical benefits are paid regardless of fault and have led to. Coverage options may vary by state. There were no cost reducing measures regardless of who was at fault.
Check out the new options and talk to your state farm agent to help you figure out which works best for you. You can talk to an agent at any time. Lansing republicans say the average michigan driver could save between 120 and 1200 on their yearly auto insurance bill under a sweeping reform plan approved friday after a deal between. To learn more about auto insurance coverage in your state find a state farm agent.
Up to 500000 in coverage option 3. New michigan law reforms auto insurance. Mandatory unlimited pip coverage has been in place since 1973.
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