The new law requires auto insurance companies or authorized agents to provide drivers with forms that describe the benefits and risks of coverage options. Drivers may want to consult their auto insurance company or authorized agent to discuss their personal auto insurance needs. Michigan's new auto liability exemption law is now in full effect, and there are many new car insurance options available for consumers to purchase for the first time since the 1970s. The terms, definitions and explanations of insurance are for informational purposes only and do not replace or modify in any way the definitions and information contained in the individual pages of contracts, policies or insurance statements, which are decisive.
It covers medical bills and vehicle repairs if your car is hit by a driver who doesn't have any liability insurance. To buy an auto insurance policy in Michigan, you must compare the quotes of at least three companies and then select the price and coverage details that best fit your needs. Collision insurance covers the costs of repairing or replacing your own car in the event of an accident, regardless of who was at fault. If you have a car accident, no-fault insurance will reimburse you for medical or hospital expenses, wage losses due to incapacity to work, and, if necessary, funeral expenses.
If the at-fault driver has liability insurance coverage, but not for an amount that fully compensates the victim for the damages suffered, and the victim has purchased coverage for underinsured motorists, that coverage will provide additional benefits, up to the limits of the policy purchased, for the types of damages that the victim could have recovered from the at-fault driver if that driver had been insured with more comprehensive insurance. For more information, see WalletHub's guides on how to eliminate optional coverages and penalties for driving without insurance in Michigan. Not having car insurance in many states can make you a high-risk driver when buying car insurance. Some car insurance qualifying factors, such as your driving history, can significantly affect your insurance costs.
If you can't drive your car because of a covered loss, this coverage helps pay for a car rental or other transportation expenses so you can get back on the road. This type of car insurance coverage in Michigan is used to repair your vehicle when physical damage occurs due to incidents not related to a collision (subject to the deductible). The consequences of driving without insurance exceed the monthly insurance premium and may result in the following penalties. With Nationwide, it's easy to customize your policy with affordable options for auto insurance in Michigan.
As a law firm that handles hundreds of car accident cases year after year, we have seen first-hand how important car insurance is in the event of these catastrophic events.