Like in every other state in the US, the state of Michigan has specific insurance requirements in order for one to drive a vehicle legally. Known to be a ‘no-fault’ state, Michigan auto insurance requires additional coverage as to secure every individual in an accident, overlooking the matters of fault.
While there is still a minimum liability under the police law, drivers can acquire additional options even if it is not required. Insurance company rates vary from one to another, and can be determined through various factors, which the insurance holder will need.
Your Michigan auto insurance policy must be issued within the state, and the card or evidence of insurance must always be available when driving or registering the vehicle. Michigan is quite strict with this law, and in order to keep up with this stern regulation, you should be able to comply with a proper insurance coverage for your Michigan auto insurance.
What will you be needing? Insurance by Frost (http://www.InsuranceByFrost.com) shares some basics:
- Personal Injury Protection. This is a mandatory requirement within any Michigan auto insurance policy, and it covers medical costs which is acquired from sustained injuries or as a result of the accident. This may also pay for the person’s lost salary, survivor loss and even funeral expenses.
- Property Damage Liability and/or Residual Bodily Injury. These two factors are included in a state requirement in order to drive legally within Michigan. It should be known that the minimum coverage for every person is $20,000, and $40,000 for multiple people.
- Insurance for Personal Protection. One must be covered with insurance whenever the other party’s property has been damaged. A Personal Protection Michigan auto insurance plan can cover up to 1 million dollars within the state, no matter who is at fault.
These three are among the basics of a Michigan auto insurance requirement. If you are already a plan holder, check if these are within your coverage. Otherwise, it’s time for you to get a better deal. Head on to https://insurancebyfrost.com/auto-insurance/ to learn more.