Auto insurance costs decreasing for Michigan drivers, according to Bankrate analysis

MICHIGAN (WNEM) – The Insurance Alliance of Michigan (IAM) said that a Bankrate analysis is showing auto insurance costs continuing to decrease for Michigan drivers.

The Bankrate analysis can be found here. The IAM said that the decrease is thanks to the bipartisan 2019 auto no-fault reforms.

The IAM said that Michigan is no longer the most expensive state for auto insurance, and as of August 2025 ranks six.

“The historic bipartisan auto no-fault reforms continue to curb costs for Michigan drivers at a time when the high cost of everything continues to be a burden for families,” said Erin McDonough, executive director of the IAM. “This new analysis clearly shows that reforms are working, and policymakers must let them continue working for Michiganders.”

Since the 2019 reforms, Michigan drivers have saved more than $1,100 per vehicle on auto insurance costs, the IAM said.

“The reforms have made great strides in cracking down on fraud and abuse, reining in overcharging by medical providers and giving consumers a choice in the level of medical coverage included with their auto insurance policy,” McDonough said. “We urge lawmakers in both parties to let these reforms work and push back on special interests that want to turn back the clock on these historic improvements to our auto no-fault system.”

Learn more about the Insurance Alliance of Michigan at this link.

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