Absolute Michigan's Michigan Blog
 
Monday, October 10, 2005

Cuts in Auto & Homeowner Insurance Rates Proposed

The Detroit Free Press reports that Gov. Granholm and Democratic lawmakers are proposing a 20% cut in home and auto insurance premiums. A recent report by the National Association of Insurance Commissioners found that Michigan has the 10th highest average auto insurance rates in the country and the highest in the Midwest. Rates are 15% more than the national average and 32% more than the Midwest average. The insurance industry calls the proposal unnecessary and politically motivated.

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# posted by farlane @ 9:21 AM
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