Wednesday, December 2, 2009

Michigan Debate Over Proposed Auto Insurance Changes Heats Up



Posted by Quang Nguyen

Democratic lawmakers in Michigan are promoting proposals they say would make auto insurance more affordable and strengthen consumer protections in the state. Opponents including the insurance industry say the proposals would drive up costs for customers and are a political stunt geared toward the 2010 elections, according to Associated Press reports.

The Democratic proposals would require that companies get prior approval from the state insurance commissioner before raising rates. A driver's education level or credit history could not be used as factors in determining rates.

The proposed initiative would allow Michigan voters to weigh in on consumer-oriented insurance reforms that have saved California drivers an average of $3 billion per year since being enacted in 1988, according to consumer advocacy groups Consumer Watchdog and Consumer Federation of America (CFA).

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4 comments:

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    ReplyDelete
  2. For saving money on Auto insurance, first select good company for that. You can search on internet the available sites of insurance. Then compare all of them for choosing best company which can provide good service as well as reasonable price. I have also followed these steps when i was looking for insurance company. I took policy from online-autoinsurance.net.

    ReplyDelete
  3. Auto insurance is an expense that is extremely inconvenient at times. It is expensive, and as a college student I am unable to afford it.

    Jameel

    ReplyDelete
  4. I donnot like the auto insurance. Once my car back window got hitted, the insurance did not pay anything.
    Shawn Gao

    ReplyDelete