Michigan Insurance
Michigan Insurance Quotes
Pursuant to Michigan insurance laws, drivers in the state must carry no-fault car insurance. In addition to basic liability coverage, motorists must purchase two types of no-fault policies: 1) property protection insurance (PPI) and 2) personal injury protection (PIP). Michigan insurance requirements relating to the standard liability limits, often referred to as 20/40/10 coverage, are as follows:
- $20,000 in bodily injury protection per individual and up to $40,000 for two or more individuals per accident
- $10,000 in property damage protection per accident
PPI provides compensation up to one million dollars for property damage caused by the insured. PIP pays for lost services or wages for up to three years and all medical costs. Personal injury protection typically covers 1) funeral expenses, 2) survivors' payment, 3) replacement services, 4) lost wages, and 5) medical expenses.
Prospective policyholders may choose from a variety of plans such as 1) discount health plan, 2) prescription plan, 3) self-directed health plan (SDHP), 4) health savings account (HSA), 5) high deductible health plan, 6) Health Maintenance Organization (HMO) plan, 7) Exclusive Provider Organization (EPO) plan, 8) Point of Service (POS) plan, and 9) Preferred Provider Organization (PPO) plan. Consumers may obtain multiple, affordable Michigan insurance quotes from the top carriers nationwide, enabling them to find a policy tailored to their needs and to save hundreds of dollars. Quotes are very easy to request, and they are available on a multitude of products such as home insurance and life insurance.