The House Democratic caucus announced a plan reforming auto insurance rates they say would bring a 40% reduction to Michigan’s high rates. Named the D.R.I.V.E. (Delivering Reduced Insurance Rates and Value to Every Michigander) plan, in addition to reducing rates, it aims to increase consumer protections, and end rate-setting practices such as red-lining.
Specifics of the plan include:
Their ideas are reflected in a proposed House substitute to Senate Bill 1, which is the Senate’s legislation reforming Michigan’s auto no-fault insurance system. For more information, please visit https://housedems.com/drive.
As of Thursday afternoon, House Speaker Lee Chatfield (R-Levering) and Senate Majority Leader Mike Shirkey (R-Clarklake) announced they are holding off on a vote on their auto insurance reform plan for now while they continue to negotiate with Governor Gretchen Whitmer.
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