VIDEO ON MSN MONEY
I live in Michigan. I have 2 vehicles, both over 10 years old and pay over $2000.00 a year in insurance. We have had no accidents or tickets since 1989! Insurance is out of control here.
Insurance companies play a a game of bait and switch. They give you a lowball rate to get your buisness, then slowly raise the rates. Find the lowest estimate, go with that insurance until they start to very slowly raise the rates, then find another. It only takes a phone call and not much effort. You could save hundreds a year.
Every 2 years, I get a rake hike, like clockwork. All I'm ever told is "The Insurance Commissioner approved us for a rate increase". No tickets, no points.
.....and people think regulation is a bad thing........
I live in Michigan and pay $1350 a year for two cars (2004 BMW and 2011 Honda). Broad form collision...$500 deductible....roadside....etc. Not sure where the $4400 is coming from. I'm sure Wayne County would be higher, but Michigan also gets unlimited medical liability for life. Meaning...if someone hits you and you need medical care as a result...the insurance company pays for life. This is rare, but a financial lifesaver for some people.
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They are expected to take in a record $2.25 billion in fees and surcharges this year.
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