Michigan Insurance Rate Increases Denied

Ken Ross, the Commissioner of the Office of Financial and Insurance Regulation say no to insurance rate increase of 20 requests. Ross believes that any rate must be based on drivers personal driving record and it cannot the personal ability to pay their coverage on time, according to “Lansing State Journal”

Ross says that consumer credit information are not always correct and by basing the insurance rate on this information is “discrimination” and it does not make any sense. The consumer cannot be charged with higher insurance premium if they are struggling with finances.

If the person is a good driver and if he or she pays the insurance premium, that should be what the premiums are based on, the individual driving behavior.

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