According to “Auto insurance going up for Michigan drivers,” ABC News affiliate WZZM reports that car insurance rates will be increasing in Michigan. The increase was initiated by the Michigan Catastrophic Claims Association and will take effect on July 1st. Each vehicle will be charged $18.20 more for auto insurance coverage. Insurance agents say that they get complaints about these increases and have to explain them in detail to many consumers.
The Michigan Catastrophic Claims Association has been around since 1978 and is the only one of its kind in the United States. They pay the medical bills above $480,000 after car accidents. Encompass Auto Insurance and other insurance companies wait to see what this Association will do about rate increases each year. Usually the fees do go up but there have been times that did not occur. With a $2 billion deficit and $800 million of payments to make, the M.C.C.A. says that after months of research they have no choice but to make this rate increase.
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