Michigan Vehicle Policy
Description
How to fill out Vehicle Policy?
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FAQ
Michigan law requires you to have no-fault automobile insurance on your car. If you have an accident, this required insurance pays for injuries to people and for damages your car does to other people's property and to properly parked cars. IT DOES NOT PAY FOR ANY OTHER DAMAGE TO CARS.
Michigan law requires you to have no-fault automobile insurance on your car. If you have an accident, this required insurance pays for injuries to people and for damages your car does to other people's property and to properly parked cars. IT DOES NOT PAY FOR ANY OTHER DAMAGE TO CARS.
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. Under the new plan, drivers will be able to choose from up to six options for Personal Injury Protection coverage.
In Michigan, car insurance laws require drivers to have a mandatory 20/40/10 no-fault insurance policy. This means drivers should have liability coverage of at least $20,000 per person and $40,000 per accident for bodily injuries, with at least $10,000 of property damage coverage.
The money comes from the MCCA, a statutorily-established nonprofit that auto insurers pay into for personal injury protection under the state's auto no-fault system. Drivers are expected to get a refund of $400 per insured vehicle in 2022. Michigan drivers with an auto insurance policy in place as of p.m. Oct.
Minimum insurance requirements for Michigan The minimum amount of Michigan auto insurance coverage is $50,000/$100,000/$10,000. In the event of a covered accident, your limits for bodily injury are $50,000 per person, with a total maximum of $100,000 per incident.
Since 1973, most drivers in Michigan only had the option to purchase unlimited no-fault coverage. Under the changed law, Michigan drivers now have the choice of one of the following: Unlimited personal injury protection (PIP) coverage. PIP coverage limited to $500,000.
