State Rep. Rodney Wakeman said Michigan drivers will finally begin to see the benefits of the state’s car insurance reforms after the new law takes effect today.
Wakeman, of Saginaw Township, helped approve a major overhaul to Michigan’s flawed no-fault system. The new law guarantees lower rates by giving drivers more choice on personal injury protection coverage, stopping the practice of charging higher fees on medical services to car accident victims, combating fraudulent claims and strengthening consumer protections.
Wakeman said the cost of car insurance has been one of the largest issues holding back Michigan families and the state, adding the new law was designed to retain the nation’s best car insurance coverage and offer drivers more affordable options.
“The most common topic Saginaw County residents have shared with me throughout the district is the astronomical cost of car insurance and how it depletes their household budgets,” Wakeman said. “It became very clear families were no longer interested in talk on no-fault reform. They wanted results to one of the largest factors stripping away their hard-earned savings. I made car insurance reform my top priority as soon as I entered the Legislature to be the voice of the residents in the 94th district. I listened to the concerns of our community and worked diligently to approve major reforms that will result in real, tangible savings for every driver.”
The Michigan Department of Insurance and Financial Services (DIFS) reported that the average savings among rates approved by the department is greater than required by law, which is great news to Michigan motorists. In addition to the guaranteed savings provided under the new law, the Michigan Catastrophic Claims Association (MCCA) announced it was reducing its annual per-vehicle assessment fee from $220 to $100 beginning July 1. The MCCA credited the reforms sparked by Wakeman for the fee reduction that is nearly a 20-year low.
Michigan drivers interested in more information on the new law may visit www.ReduceMiRatesNow.com, a user friendly platform that includes a rundown of all the new coverage level options, educational guides and shopping tips to help people maximize savings. Wakeman also encourages residents to consult with a trusted insurance agent for further advice on choosing a coverage plan that is in the best interest of themselves and their families.