Michigan Auto Insurance Rate Freeze: 12 Insurers Agree
In the Detroit Free Press, Kathleen Gray reports that 12 Michigan auto insurance companies have agreed to freeze their rates for a year. However, 96 other insurers have not agreed to the rate freeze as of the March 1st deadline. Governor Jennifer Granholm requested that insurers freeze their auto insurance premiums for a year while the state legislature works on auto insurance reform.
The insurance companies that have agreed to freeze their auto insurance rates are:
- American Bankers’ Insurance Company of Florida
- American International South Insurance Company
- American Reliable Insurance
- Wolverine Mutual Insurance Company
- Pharmacists Mutual Insurance Company
- Great Lakes Casualty Insurance Company
- Electric Insurance Company
- Essentia Insurance Company
- Meritplan Insurance Company
- IDS Property Casualty Insurance Company
- Liberty Mutual Property Insurance Company
- Merchants Mutual Insurance Company
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