Revamped No Fault Auto Insurance Starts in July
According to the Detroit Free Press, Michigan drivers will have to wait until late spring or even summer to find out how much money they might save under the state's revamped no fault auto insurance system, which starts in July.
They also will likely encounter new, higher prices for the liability portion of their insurance policy, and learn whether that increase will cancel out some of their anticipated savings from the overhaul.
All I can tell you is that I've been paying a lot of money to insurance companies throughout the years and would like to see a decrease if that's at all possible.
The auto insurance industry has not made any across the board predictions for what will happen to drivers premiums once the new system begins.
That's because of the multitude of factors that can determine an individual's insurance rate, such as geographic location, vehicle type and history of filing claims and paying everyday bills on time.