Michigan drivers pay more for insurance than any other state - WNEM TV 5

Michigan drivers pay more for insurance than any other state

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SAGINAW COUNTY, MI (WNEM) -

If you are in a horrific car accident, and require a lot of medical care, you're covered through Michigan's no-fault insurance.

But a recent report said Michigan drivers pay for that coverage in more ways than one.

The average Michigan driver uses eight percent of their income for car insurance, according to a study by CarInsuranceQuotes.com.

The study has Michigan ranked No. 1 when it comes to states with the highest insurance premiums.

So, why does auto insurance cost so much in Michigan?

Experts said it is because of our no-fault insurance laws. Michigan is the only state that guarantees unlimited medical care if you are in an accident.

"They may charge a ridiculous premium, but they are not keeping that money, that money is going out in payment for medical costs, etc," said Dr. Tim Nash of Northwood University.

Some lawmakers want to change the state's no-fault insurance laws.

One proposal being considered would give drivers options in choosing the amount of coverage they think they might need.

That proposal is currently being debated on the house floor.

But for now, Michigan drivers will have to get used to the idea of paying more for their car insurance than in any other state.

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