AUTO INSURANCE ARTICLE

Michigan Auto Insurance Companies Freeze Auto Insurance Premiums

By: AutoInsuranceGuy

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A least one dozen of Michigan auto insurance carriers have pledged to freeze premium rate increases for 2009.

 The announcement comes shortly after Gov. Jennifer Granholm called on all insurance companies to freeze Michigan auto insurance premium rates while automobile insurance reform is  enacted in the Michigan Legistature.

 However, that legistature has run into few roadblocks in the Michigan state legislature. Bills and executive orders issued by Granholm that would have blocked insurance companies from basing rates on zip codes and  have either died in the Legislature floor or been stopped by the Michigan Courts. State Rep. Hansen Clarke, D-Detroit, is pushing for a possible ballot proposal that would end insurance companies’ practice of rates by zip code.  Another 96 insurance companies in Michigan declined to take the pledge by Granholm’s March 1 deadline.  Michigan auto insurance has simply become unaffordable to many of the state’s citizens and I commend these companies for pledging to freeze their,” OFIR Commissioner Ken Ross said.

Click here for a complete list of Michigan Auto Insurance companies that have agreed ( and have NOT agreed )  to rate freeze pledge.

 




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