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More Michigan drivers are going without auto insurance. The potential cost is almost unmeasurable.
Every Michigan driver needs to have a basic understanding of the costs and risks of driving without Michigan auto insurance. If you are in an accident, or caught without Michigan insurance you could have some pretty large fines and expenses.
First off, Michigan requires you to have a basic no-fault insurance policy. Every registered vehicle is required to be insured. If you are found without insurance in Michigan you will be fined up to $500 and possibly put in jail for a year. If you get stopped and are not able to provide a valid proof of insurance you can also lose your license for up to 30 days, or until you show a valid proof of insurance. These are just the small costs of driving without insurance in Michigan.
If you are in an accident and don't have insurance, then the other driver can come back on you for all the damages incurred. This would cover the vehicle damages, property damage, medical expenses, pain and suffering, etc... In most cases were talking about thousands of dollars. Michigan auto insurance is usually a few hundred dollars per year. It's nuts to risk this much for a couple hundred dollars!
Here is a real life example. An insured of mine recently was in an accident on his motorcycle with another driver, “which was at fault”. My insureds motorcycle was totaled and he was injured. The other driver was also at fault and didn't have any insurance. Now, we all know who pays for this one in the long run. The insurance company my insured is with is paying for everything. They will later go back on the other driver for all of the damages. At this time if the at fault driver is found liable, then she would either pay the damages, or have what is called an SR22 (financial responsibility)
Hopefully this information provided by mymichiganautoinsurance gets people without insurance thinking. We are not attorneys and even though we are licensed, we do not represent that this information is anything more than our opinion. If you would like to discuss Michigan Auto Insurance, and add your own real life experiences, then visit us at: http://www.mymichiganautoinsurance.com or visit our learning center at: http://mymichiganautoinsurance.com/
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Averson Insurance is an online insurance agency in Michigan helping consumers find the best home, auto, and life insurance. You can fill out our online quote form or call us to receive quotes in minutes!
Page Updated Last on: Feb 19, 2010