Why should this date matter to you? The new legislation provides numerous reforms to the auto insurance industry in Michigan. 00:01 Ask a State Farm ® agent, Michigan! Each element of Michigan’s new auto insurance law applies to policies issued after July 1, 2020. This means if you bought an auto insurance policy that takes effect on or before July 1, these rule changes won’t apply to this policy period. Historic Changes To Michigan No-Fault Law Effective July 1, 2020 Posted by Gary L. Wickert on April 14, 2020 The Michigan Legislature passed no-fault auto insurance laws in 1973 and like a T-Rex guarding its bone, has been holding on to this dysfunctional approach to auto insurance … For policies issued or renewed after July 1, 2020, insurance companies are subject to the following overall statewide PIP coverage premium reductions: An average 45% or greater reduction per vehicle for the $50,000 PIP option; An average 35% or greater reduction per vehicle for the $250,000 PIP option But any policy issued on July 2, 2020, or later must abide by these changes. ... Michigan on Wednesday, April 15, 2020. Under the new plan, drivers will be able to choose from up to six options for Personal Injury Protection coverage. For more information: 00:16 How does this change affect you as a Michigan … Effective July 2, 2020, Michigan’s Auto No-fault Reform law takes effect. 00:04 July 2nd 2020. Decoding insurance can feel like a chore, but it’s important to educate yourself on the ins and outs of Michigan’s new No-Fault reform — it can help uncomplicate the process and get you the best coverage you’ll need after a car accident. Michigan’s auto insurance law completely changes after July 1. The following highlights important changes: New PIP Medical Options for Personal and Commercial Auto Policies Share this article: facebook On July 2, 2020, many changes to the existing no-fault auto insurance law will take effect, including giving Michigan drivers a choice in their level of PIP coverage. Big changes this week for Michigan drivers. Big changes are coming to Michigan’s auto insurance rules. ... Beginning after July 1, 2020, insurance companies are subject to the following overall statewide PIP medical coverage premium reductions: The law goes into effect on Wednesday, July 1 and the change will be in effect in your auto insurance policy on Thursday, July 2, 2020. Under the new plan, drivers are able to choose from up to six options for Personal Injury Protection coverage. State and local leaders say the reforms will save you money, but some insurance agents are … Here’s what to consider when picking your new plan. 00:08 Because significant changes happened in Michigan with the no-fault auto reform law which went into effect on July 2nd, 2020. Changes to Michigan’s No-Fault Law Take Effect July 2, 2020 – What You Need to Know. Drivers now must choose among several different medical options for PIP protection and what amount of liability (also known as bodily injury liability insurance) to purchase. There are big changes coming to what is required for motorcycle insurance in Michigan under the new No-Fault law. The new Michigan law takes effect on July 1, 2020. Many changes to the existing no-fault auto insurance law took effect on July 2nd, 2020, including giving Michigan drivers a choice in their level of PIP coverage. These changes take place July 1, 2020… Michigan drivers have an important choice to make. Posted Jun 15, 2020 .
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