Across the country, auto insurance premiums are up 23% over
the last five years for the average driver.
A 40-year-old-male typically pays between $1,510 to $2,700 per year in premiums. Due to these increased costs you may be
thinking of ways to reduce your annual premium costs; however, be careful not to cut corners so much that you
fail to protect yourself and/or your family.
In regards to policy liability limits, insurance analysts recommend at
least $100,000 per person / $300,000 per incident. The state of Michigan only requires drivers to get
$20,000 in coverage but this is far too low to protect your assets from a
personal injury lawsuit. If your
insurance policy limit does not cover all the pain and suffering damages
awarded in a lawsuit then Michigan
law allows the injured party to collect from your personal assets.
Examination of Issues related to Michigan Auto Accidents, Michigan Auto No-Fault Law, Insurance Coverage, Recovery from Auto Accident Injuries, and Safety
Sunday, September 29, 2013
Does Your Auto Insurance Policy Fully Protect You and Your Family?
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