Michigan lawmakers are set to unveil a plan today that they say would drastically lower auto insurance rates.

Michigan drivers pay the highest auto insurance rates in the country. Lawmakers have long sought to reform the state’s no-fault insurance laws, a system critics have said invites fraud and unnecessary expense. Michigan legislators have been working on a much-heralded proposal to help bring down the costs.

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The new proposal would offer different tiers of coverage, according to the Detroit Free Press. The top tier (and the most expensive) would include unlimited benefits for those catastrophically injured in car accidents – the system the state has in place now.

Lower tiers would provide less coverage, all the way down to a bare-bones insurance that could see customers’ premiums lowered by up to 30%, the Free Press reported.

The proposed legislation would also set the fees that healthcare providers can charge for services rendered to car-accident victims. That’s not popular with either healthcare providers or accident victims, who came out against the bill because car-accident victims often need more expensive care, the Free Press reported.


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New bill plans to cut insurance rates by up to 30%
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