Questions About Auto Insurance in MI

We know citizens of Michigan are doing their best to abide by the state law and carry the required amount of auto insurance. We also know they are trying to find ways to cut back on expenses and save money wherever possible. Perhaps the suggestions below can help the drivers of Michigan not only save money on their policies but move forward in their understanding of insurance and get closer to full coverage.

Can I Save Money On Required Liabilities?
State legislation has declared a minimum requirement of coverage that must be purchased by every driver on the road, which is personal protection insurance for $1 million, personal injury protection, residual bodily injury for $20,000 per person and $40,000 per accident, and finally $10,000 in property damage liability. Combined, these mandatory coverage types will pay for the other party’s property damage, their medical bills, and your medical bills. There is no way to lower the amount that is required to be carried because it has been said as being mandatory by the state.

It should be noted the liability limits required by the state were mandated by law well over 30 years ago and have not kept up with the true cost of inflationary expenses especially medical insurance. In today's world I recommend that no driver carry less than $100,000 per person and $300,000 per accident, and finally $100,000 in property damage liability. The ideal coverage for all drivers should be $500,000 per person and $500,000 per accident, and finally $500,000 in property damage liability, In addition, I recommend an optional umbrella liability policy that would provide additional liability coverage above your automobile insurance limits should you exhaust the limits on your automobile policy.

Most insurance company's encourage drivers to carry the minimal suggested liability limits of $100,000 per person and $300,000 per accident, and finally $100,000 in property damage liability. Those that carry less coverage may actually see a surcharge on their policy negating any savings from lowering their liability limits.

What Coverage Is Necessary For MI Drivers?
As mentioned earlier, all drivers who live in Michigan must purchase personal protection insurance, personal injury protection, residual bodily injury liability, and property damage liability. Any other coverage is extra and can be added on to the policy for a price.

What Coverage Is Available In Michigan?
Each insurer in Michigan offers different coverage options so it’s best to check with your current insurer or prospective insurers to see what is offered. As a general rule of thumb, most insurers offer coverage types that will give the policyholder and members the ability to expect the insurer to pay for their accident related medical bills and property damage. There are also other add-ons that will cover rental cars or help with paying for a rental car when your vehicle is in the shop because of an accident. Options regarding towing services are also available. Figure out what you coverage you need to properly protect your assets and policy members, know your budget, and decide what coverage you can afford.

Where To Find Cheap MI Coverage
The best place to find coverage for Michigan drivers at a low price is right here at roninsureme.com. My agency the Berkfield & Co/Waterford Insurance Agency have come together with auto insurance companies to match drivers with low prices.


Feel free to contact me with any insurance questions you may have or if you would like a homeowner insurance quote at 248-390-6345 and visit my website at http://www.roninsureme.com .