Your car insurance is going up again.
The Michigan Catastrophic Claims Association Fund announced its latest annual increase, $28, effective July 1, to cover unlimited benefits for badly injured drivers under Michigan’s no-fault auto insurance system.
The latest increase brings the total fee to $220 per vehicle. The governor wants an audit.
Trisha Kinley, head of the Insurance Alliance of Michigan, says the current setup invites fraud, which further increases costs.
Though the catastrophic fund contains more than $20 billion. The MCCA says it needs higher fees to cover a $3.9-billion deficit related to existing and pending claims.