Michigan is Home to America’s Most Expensive Car Insurance [VIDEO]
Car insurance is ridiculously expensive, more so in Michigan than anywhere else in the country. Check out the details on why we spend so much to stay legal and how we compare to the rest of the USA.
The No-Fault auto insurance that Michigan drivers are required to have is a double edged sword. If you're injured in an accident and require medical treatment, you're covered. But the same policy drives up auto insurance premiums to high levels, which takes money directly out of families budgets. Michigan car insurance rates are so high, the average driver spends 8% of their annual income on auto insurance.
Law makers are debating whether to keep the No-Fault insurance policy in place, and for the immediate future, Michiganders can expect to keep paying the high prices that they are used to.