Think you're paying too much for car insurance?
Supporters of Michigan's no-fault insurance system came out Tuesday with some proposals to help get costs under control.
They want to lock-in prices for medical treatment of accident victims, stop the use of things like credit scores to set rates, require insurance companies to get authorization before raising rates, and force the Michigan Catastrophic Claims Association to be more transparent.
That agency charges us $160 dollars per vehicle.
The money is used to provide lifetime medical care for people seriously injured in an accident.
The Coalition Protecting Auto No-Fault says too many people would be financially ruined without it."They would rather have our no-fault insurance so they don't get bankrupt and they don't go to the Medicaid system and they don't go back to the state and they aren't incarcerated or taken to a nursing home," says John Kornack of Coalition Protecting Auto No-Fault.
The Insurance Alliance of Michigan is all for reforming the no-fault system, which it says is broken
It wants to use the same kind of treatment-pricing list used by the state's workers-compensation plan.
It also says customers should be allowed to choose their own level of medical coverage rather than being forced to pay for lifetime care.
