The Michigan Chamber has identified auto insurance reforms as a top priority for the 2019 legislative session and is urging lawmakers to take bold action to drive down Michigan’s highest-in-the-nation auto insurance rates.
Chamber President & CEO, Rich Studley, and Wendy Block, Vice President of Business Advocacy, testified in support of reforms last week, including instituting a medical fee schedule and giving drivers choice in their personal injury protection benefits. The Chamber advocated that policymakers must work to reform the system to keep Michigan competitive with other states.
In their testimony, Studley and Block highlighted the fact that, in 2018, insure.com found Michigan to “be in a league of its own when it comes to higher car insurance rates.” Michigan has captured the number one spot for fives year in a row, outpacing the national average by $874 per year. Michigan’s average auto insurance premium now tops $2,239. This is 64 percent higher than the national average of $1,365. Michiganders pay $1,295 more for their car insurance than drivers do in Ohio, $1,155 more than drivers do in Wisconsin, $1,148 more than drivers do in Indiana and $1,016 more than drivers do in Illinois.
The Chamber will be urging the State Senate and House to tackle this issue and send a bill to the Governor's desk early in 2019. If your company is interested in this issue (either because you have commercial fleets of vehicles or wish to see your or your employee's premiums reduced), please contact Wendy Block at email@example.com. We could use your help with grassroots activities!