Michigan's 2019 Auto Insurance Reforms Show Cost Savings and Market Impact

A recent report by Milliman, Inc. commissioned by the Michigan Department of Insurance and Financial Services evaluates the effects of Michigan's 2019 auto insurance reforms. The analysis confirms that the no-fault insurance changes have resulted in tangible cost savings and increased market options for both drivers and employers. Although these reforms have lowered auto insurance expenses, the report suggests further measures are needed to enhance affordability. This ongoing focus on cost reduction is significant for Michigan's consumers, workforce development, and economic stability.