Churches and community groups helped state officials with the initiation of this plan in order to “end territorial rates insurance companies have charged in Michigan since 1979.” Cutting insurance rates by 25 percent is the state’s goal.
So far thousands of people have filled out surveys to see if they will qualify.
The plan will function similar to “pools of insurance customers formed by credit unions, business associations and various groups to get group discounts.”
Following the submission of the formal proposals from the insurance companies the winning bidder will be selected by the end of the summer.
This is great news for people in Flint and Detroit considering those cities have suffered due to so many auto-manufacturing jobs closing. Citizens could use a break on cost of insurance premiums to try and get ahead.
Comment Preview