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The Law Requires You To Buy Michigan Auto Insurance- Don’t Overpay

Posted on: December 10th, 2009 by admin
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Buy Michigan Auto Insurance

If you live in the state of Michigan you are required by law to buy Michigan auto insurance.  Some people wonder why they are forced by the government to purchase auto insurance.  As you gain a better understanding of the reasons behind this law I am confident you will see the reasons this law was passed.  Michigan auto insurance is designed to protect you, your passengers, and anyone that you may injury as a result of an automobile accident.  Michigan is a no-fault insurance state.  There are only a handful of states that follow the no-fault insurance system. 

The concept behind no-fault insurance is quite simple.  If you are involved in a car accident you will turn to your own insurance company regardless of who is at fault.  Everyone is responsible for choosing the level of coverage that they desire.  What this means is that if you choose not to buy Michigan auto insurance and your car is damaged in an accident you will have zero coverage, even if it wasn’t your fault. 

If you were to ask a group of people what the main benefit of auto insurance is they would probably say the collision coverage.  Collision coverage is the part of your policy that will repair your car if you are involved in an accident.  Cars are a big purchase and the repairs can be quite costly.  If you are involved in a major accident your car could be utterly destroyed and undriveable.  Assuming you own a $25,000 vehicle you would be out $25,000.  Most people cannot afford to lose that kind of money. 

Although collision coverage is important there are other significant benefits that you receive when you buy Michigan auto insurance.  In addition to the collision coverage your policy will also help protect you and your passengers if you are injured in an accident.  The personal injury protection portion of your policy will pay for your medical costs.  It will also pay up to 85% of your income if you are disabled and unable to work for a period of time after the accident.  This portion of your policy will help make up for lost wages for up to 3 years.  Your Michigan auto insurance policy will also help protect you financially in the event that you are sued.  The liability section of your policy will help protect you if you injure someone else due to your negligence. 

Hopefully this article has helped to provide a better understanding as to why you are required to buy Michigan auto insurance.

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