No Fault Reform: Lower Premiums

No Fault Reform: Lower Premiums – Updated 7/15/2020 4:45PM

Where is my lower premium? It is a common question after the changes were mandated in the New Michigan Insurance Law. It’s true, No Fault Reform can possibly lower your insurance premiums. Although you may be hearing about the required reductions of 10% to 40% keep in mind that the cost savings is a state wide average and will only be on the PIP portion of your policy, not your total insurance premium. If you retain unlimited PIP you will see an approximate premium reduction of 10%, so if your PIP portion of your policy is $300 you will save $30 per policy period.

You can also save additional money by choosing one of the new PIP options which is now allowed through No Fault Reform. However, this is by choosing a lesser coverage limit. So, with PIP choice comes potentially lower premiums but remember you are also lowering your coverage. Careful consideration should be given when making this choice. Only you can decide if the savings are worth making the change. 

michigan-new-insurance-law, michigan-no-fault-reform

There are other factors that have changed that may lower or increase your premiums depending on your particular circumstances. With other non-driving factors being removed and the necessity to have all people living in your household identified, listed, or excluded from your policy you could possibly see an increase or decrease to your insurance policy premiums. Maybe it is time to review what your options are?

Talk to your agent or call Michigan Insurance Group for Your New Quote!


Our agents are happy to help you with your Home Insurance & Auto Insurance needs. But, that’s not all…We can also help you with Motorcycle insurance, RV insurance, Business Insurance and more. Give us a call to find out how we can help! 616.755.3000 or 231.755.3000

More Blog Posts


When you work with Michigan Insurance Group your dedicated agent will work hard to find the best coverage options for you! Isn’t it time you had more options?

motorcycle-insurance, michigan-insurance-group

Real Reasons to Have Motorcycle Insurance

Of course, there is one obvious reason why you should have motorcycle insurance: It is the law. However, I know there are so many more profound reasons why people have motorcycle insurance.

Close Menu