State of Michigan Reached Deal To Lower Insurance Premiums

Michigan Governor Gretchen Whitmer and the Republican leaders say a deal has been met for legislation that will cut your auto insurance premiums.

According to WZZM, the details on this new legislation have not been made public yet but so far indicates that rates will be cut and there will be offer choices from the different coverage levels.

They seem to keep referring to the medical side of this but have yet to talk about anything else after medical coverage gets adjusted.

Speaker of the House Lee Chatfield and Senate Majority Leader Mike Shirkey said, "Today's vote will be a significant victory for the hard-working people of Michgan that will finally fix our broken car insurance system and deliver real, meaningful rate relief for families, seniors and household budgets all over the state."

Michigan is the only state that has been required to buy PIP with their auto insurance which is personal injury protection.

The PIP coverage is what has been doubling auto insurance costs.

Michigan's insurance premiums on average are 83% higher than the national average.

It will be interesting if the state Senate did more to lower premiums.