University of Michigan: Despite Cost Dip, Michigan Auto Insurance Still High With Persistent Racial Disparities
December 08, 2021
December 08, 2021
ANN ARBOR, Michigan, Dec. 8 (TNSRes) -- The University of Michigan issued the following news release:
Michigan's auto insurance reform law has contributed to an 18% drop in average premium costs from 2019 to 2020--the steepest decline in the country over that time period, according to new analysis by Poverty Solutions at the University of Michigan.
However, Michigan still has the most expensive auto insurance in the U.S., and a 2019 law has failed to reduce dispari . . .
Michigan's auto insurance reform law has contributed to an 18% drop in average premium costs from 2019 to 2020--the steepest decline in the country over that time period, according to new analysis by Poverty Solutions at the University of Michigan.
However, Michigan still has the most expensive auto insurance in the U.S., and a 2019 law has failed to reduce dispari . . .