Michigan Catastrophic Claims Association to Collect More Per Vehicle
The cost of owning a car or truck in Michigan is going up.
Starting Saturday the Catastrophic Claims Association will collect $170 per registered vehicle.
That’s up from $160.
The insurance fund was created to reimburse insurers for claims that exceed $545,000.
A 2016 study of insurance rates found that Michigan still claims the top spot for the highest premium in the nation at an average of $2,738 vs the number two spot of $2,297 in Montana.