No-Fault Car Insurance Fees Dropping 55% With New Law
Another law has been passed that will reduce insurance costs for many drivers. Last week, the state legislature announced that in July 2020 the new law goes into effect.
The new law is supposed to drop the fees on no-fault claims by 55% if you opt to continue unlimited medical coverage. If you decide to choose lower limits for your medical coverage, you will avoid the fee all together.
According to the Detroit Free Press: "the catastrophic claim fee paid by Michigan drivers as part of the no-fault insurance law will be cut 55% next year, to $100 per vehicle"
Hopefully, this is the first of several new laws designed to lower Michigan's incredibly expensive auto insurance prices. You can read more about the new law at the Detroit Free Press' website.