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Key takeaways. Personal injury protection (PIP) insurance is mandatory in Michigan. PIP can pay for medical bills, lost wages and other costs associated with auto accident injuries for you, your ...
The price of auto insurance nationwide surged 48% in the three years between June 2021 and this past June, according to Bureau of Labor Statistics data. From June 2017 to June 2020, the price ...
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Auto repair insurance is an extension of car insurance available in all 50 of the United States that covers the natural wear and tear on a vehicle, independent of damages related to a car crash. [66] Some drivers opt to buy the insurance as a means of protection against costly breakdowns unrelated to a crash.
Soaring auto insurance costs have been a principle driver behind inflation over the past ... Sales prices for new and used vehicles have been trending lower in recent months and are down 0.4% ...
In lieu of auto insurance, individuals can either (1) deposit $10,000 in cash, stocks, or bonds with the State Treasurer [33] who will issue a receipt [34] or (2) obtain a motor vehicle liability bond equal to the state minimum limits. [35] Michigan: 20/40/10: Minnesota: 30/60/10: Mississippi: 25/50/25 [36] Missouri: 25/50/10: Montana: 25/50/10 ...
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