MI car insurance fee falling to $100 a vehicle in July

Michigan
generic cars driving in snow_1521080011411.jpg.jpg

LANSING, Mich. (AP) — Michigan drivers who want unlimited lifetime coverage for crash injuries will pay $100 per vehicle starting in July — a reduction from record $220 they are assessed now.

The Michigan Catastrophic Claims Association announced the 55% fee cut Wednesday, months after the passage of a new law making the mandatory benefit optional beginning next summer.

The state-created entity that reimburses insurers for claims surpassing $580,000 says those who buy less personal injury protection coverage will avoid the $100 fee altogether, unless the association is in a deficit position. Michigan has the highest average car insurance premiums in the country.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Know something newsworthy? Report It!