Teen auto insurance


Steve Levis : I live in Michigan and am expecting my renewal of my teen auto insurance policy soon? Would it be possible to obtain cheap auto insurance quote?

Response : Yes, you need to maintain a good driving record and please look up my previous articles on cheap auto insurance quotes for golden nuggets.

Presently in Michigan the debate is heating up between the lawmakers and the insurance companies. The
Democratic lawmakers in Michigan are promoting proposals they say would make auto insurance more affordable and strengthen consumer protections in the state. The insurance industry and the opposition is trying to stop this and says that this would lead to elections, according to Associated Press reports.

The Democratic proposals would require that companies get prior approval from the state insurance commissioner before raising rates. A driver’s education level or credit history could not be used as factors in determining rates.

The proposed initiative would allow Michigan voters to weigh in on consumer-oriented insurance reforms that have saved California drivers an average of $3 billion per year since being enacted in 1988, according to consumer advocacy groups Consumer Watchdog and Consumer Federation of America (CFA).

Those groups said a 2008 CFA study that reviewed insurance regulations around the country and determined that the California system, on which the Fair Affordable Insurance Rates (FAIR) proposal is based. This has been the most effective law in the nation in creating an auto insurance market that is competitive, has low rates and protects consumers from abusive insurer practices.

They maintain that auto insurance rates in Michigan are around 12 percent higher than the national average. The proposal, according to the consumer advocacy groups, would reduce rates in Michigan by 20 percent. It would require insurers to base rates primarily on a motorist’s driving record rather than factors like their ZIP code or marital status, which currently dominate the pricing structure of many insurers.

The insurance companies are objecting to this, however, the reality is that the market is shifting in favour of the consumers and they will ultimaltey benefit and get cheap auto insurance quotes. It is also time the consumers were favoured.
Thanks.
Kamlesh


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