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. For more information: 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. Here’s what to consider when picking your new plan. 00:01 Ask a State Farm ® agent, Michigan! Under the new plan, drivers will be able to choose from up to six options for Personal Injury Protection coverage. 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 00:04 July 2nd 2020. Changes to Michigan’s No-Fault Law Take Effect July 2, 2020 – What You Need to Know. 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. 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 … 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. There are big changes coming to what is required for motorcycle insurance in Michigan under the new No-Fault law. ... Beginning after July 1, 2020, insurance companies are subject to the following overall statewide PIP medical coverage premium reductions: State and local leaders say the reforms will save you money, but some insurance agents are … The new Michigan law takes effect on July 1, 2020. These changes take place July 1, 2020… Posted Jun 15, 2020 . The following highlights important changes: New PIP Medical Options for Personal and Commercial Auto Policies But any policy issued on July 2, 2020, or later must abide by these changes. 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. Under the new plan, drivers are able to choose from up to six options for Personal Injury Protection coverage. 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. Share this article: facebook Big changes this week for Michigan drivers. 00:16 How does this change affect you as a Michigan … The new legislation provides numerous reforms to the auto insurance industry in Michigan. Why should this date matter to you? Big changes are coming to Michigan’s auto insurance rules. ... Michigan on Wednesday, April 15, 2020. 00:08 Because significant changes happened in Michigan with the no-fault auto reform law which went into effect on July 2nd, 2020. Michigan’s auto insurance law completely changes after July 1. Each element of Michigan’s new auto insurance law applies to policies issued after July 1, 2020. Effective July 2, 2020, Michigan’s Auto No-fault Reform law takes effect. Michigan drivers have an important choice to make.
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