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Tag Archives: Michigan No Fault reform savings

Consumers may pay MORE for No Fault insurance under HB 4612

HB 4612 is “the most extreme wish list the insurance industry could come up with”

HB 4612 Michigan No Fault reform

Hidden fees and assessments in Gov. Rick Snyder’s Michigan No Fault “reform” proposal could cancel out promised savings and may end up causing auto insurance consumers to pay MORE for their No Fault policies.

At his press conference last week, Gov. Snyder promised that, under his proposal for reforming Michigan’s No Fault auto insurance system, auto insurance consumers would save $125 per vehicle in “year one.”

But what he neglected to mention is how his proposal, House Bill 4612, also imposes new and possibly even greater costs on consumers buying auto insurance in “year one” and beyond.

Posted in BLOG, Michigan Car Accidents, Michigan No Fault Benefits, Michigan No Fault Insurance, Michigan No Fault Law | Tagged , , | 2 Comments