Michigan is the state with the most expensive insurance in the United States. However, a potential overhaul could bring down those costs.
As it stands, Michigan’s motorists pay 136 percent above the national average of $815 a year for a policy, with the state’s overall average coming to $1,923/annually, Detroit Free Press reports. Additionally, Wayne County is the most expensive place to have a policy in Michigan, averaging $2,789 — 45 percent above the state’s average — per year.
According to insuranceQuotes.com senior analyst Laura Adams, the reasons behind Michigan’s No. 1 rank are due to it being the only state to offer unlimited lifetime personal injury protection, and because it has an unusually high amount of uninsured motorists.
That said, the state’s legislators are planning to retune the no-fault auto insurance system, which would maintain the unlimited benefit for those who suffer injuries costing over $545,000, but would place caps on other parts of the system, such as rates for home health care providers. The reform is expected to be passed sometime within the week.