Smart Auto Insurance Blog

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

Following up on Michigan Governor Jennifer Granholm’s request that auto insurers in her state freeze their rates for 12 months, the Insurance Journal reports that 5 companies have complied. So far, the Michigan auto insurance providers that have frozen their rates are:

• Electric Insurance
• American International South Insurance
• Merchants Mutual Insurance
• Wolverine Mutual Insurance
• IDS Property Casualty Insurance

More insurers may soon follow, allowing Michigan drivers to pay a lower auto insurance rate.