In Michigan, having no-fault automobile insurance is absolutely required. Although you have to buy auto insurance, you still have a choice about which company you choose and what policy you carry with them. Whatever your situation, whether you just got a jump in your premium or just want to save some money, The Office of Financial and Insurance Regulation, or OFIR can help you. They supply information about what affects your premium, and they give you tools to help you choose a different company or information on how to lower your premium.
There are several simple parts to a no-fault policy that must be held on every vehicle in Michigan. They are: a Personal Injury Protection policy, providing help with lost wages, and paying for funeral and medical expenses. Besides the no-fault policy, all Michigan vehicles are required to be covered by a liability policy. What this means is that since there are exceptions to the no-fault policy, Liability will pay for the injuries held by the vehicles as well as the person who were in an accident due to the insured person, including 20 thousand dollars for a single driver’s medical expenses, 40 thousand dollars if there are a driver and other passengers, and 10 thousand dollars for property damages.
Recommended but not required are collision insurance and uninsured motorist coverage. If a driver is responsible for an accident, they will be required to foot the bill for their own repair costs unless they carry collision insurance. With uninsured motorist coverage, when the driver who caused an accident does not carry insurance or their insurance is inadequate, medical expenses and vehicle repairs are paid for. Uninsured motorist coverage also will pay when you are the victim of a hit and run.
Some laws and driving styles are unique only to the state of Michigan. Illegal u-turns are a violation of a civil infraction. Headlights must be white, and there must be two or more, one on each side. Turn signals are required since January 1955, and must be clearly visible from 100 feet. A horn must be audible for 200 feet, with no harsh sounds.
Drivers should look for low cost coverage from various companies online. You can get quotes online to compare rates. Consider looking for discount opportunities especially if you have teenagers in your home to insure. The cheapest coverage should provide the best options at the lowest price. Consult with agents after you have decided on your policy options so that you are confident in your choices.
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