LANSING, Mich. — Michigan drivers are facing an auto insurance hike starting next year.
The Michigan Catastrophic Claims Association says it has to raise fees to cover a multi-billion dollar deficit.
Last week -- the MCAA released it's 2023-2024 insurance company assessment, saying it received higher than anticipated claims costs after the court of appeals ruled the no-fault auto insurance reforms didn't apply to people who bought policies before the law was signed in 2019.
They’re expecting a $3.7B deficit.
The hike depends on drivers’ personal injury protection coverage -- or PIP.
Those with unlimited PIP benefits will now pay $122 dollars.
Drivers choosing lower levels of PIP coverage -- or none at all -- will pay an MCCA assessment fee of $48 dollars beginning July 1st next year.
