{"id":761,"date":"2024-08-01T20:03:58","date_gmt":"2024-08-01T20:03:58","guid":{"rendered":"http:\/\/cherishedmemoriesstudios.com\/?p=761"},"modified":"2024-08-07T16:24:32","modified_gmt":"2024-08-07T16:24:32","slug":"report-no-fault-reforms-improved-michigans-personal-auto-insurance-affordability","status":"publish","type":"post","link":"http:\/\/cherishedmemoriesstudios.com\/index.php\/2024\/08\/01\/report-no-fault-reforms-improved-michigans-personal-auto-insurance-affordability\/","title":{"rendered":"Report: No-Fault Reforms Improved Michigan\u2019s Personal Auto Insurance Affordability"},"content":{"rendered":"
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By Max Dorfman, Research Writer, Triple-I<\/em><\/strong><\/figcaption><\/figure>\n

Michigan personal auto insurance affordability improved markedly after enacting substantial auto insurance reform in 2019, according to a new report by the Insurance Research Council<\/a> (IRC) \u2013 like the Triple-I, a division of The Institutes<\/p>\n

The study, Personal Auto Insurance Affordability in Michigan<\/em><\/a>, found that personal auto insurance expenditures accounted for 1.9 percent of the median household income in Michigan in 2022 (the last year the data is available), a decline of half-a-percent from the pre-reform peak. Michigan\u2019s expenditure share remains higher than the percentage in the overall U.S. and forty-four other states.<\/p>\n

Other key findings from the report include:<\/p>\n