Deal reached to lower Michigan auto insurance


3 A BIG DAY IN LANSING.A DEAL áHAS BEEN REACHEDá ON LEGISLATION TO CUT AUTO INSURANCE RATES IN THE STATE. BUT — WE’RE STILL WAITING ON A VOTE. 3 3 SUE:..24 HOUR NEWS 8 POLITICAL REPORTER RICK ALBIN JOINS US FROM THE CAPITOL THIS AFTERNOON.RICK — YOU’VE BEEN THERE ALL MORNING.WHAT’S THE LATEST YOU’RE HEARING NOW? 3 RICK:..SOME OF THE DETAILS OF THE NEW I INSURANCE REFORM PACKAGE THAT’S EXPECTED TO BE PASSED BY THE HOUSE AND SENATE TODAY HAVE BEEN RELEASED.NEW PERSONAL INSURANCE PROTECTION OPTIONS WILL ALLOW DISCOUNTS ON THAT PORTION OF AN AUTO INSURANCE PREMIUM BETWEEN 10 AND 100%. COVERAGE LEVELS COULD RANGE FROM AS LITTLE AS 50,000 DOLLARS TO THE CURRENT 50,000 DOLLARS TO THE CURRENT UNLIMITED THAT THE STATE HAS HAD FOR DECADES.SOME WITH QUALIFYING HEALTH INSURANCE PROTECTIONS COULD OPT OUT ENTIRELY.THE BILL ALSO NOTABLY RESTRICTS CERTAIN METHODS OF DECIDING WHAT RATES WILL BE BY BANNING THE USE OF SEX, MARITAL STATUS, ZIP CODES, CREDIT SCORE, HOMEOWNERSHIP, OR EDUCATIONAL LEVEL.THE HOUSE AND SENATE CAME INTO SESSION AT 8 AM BUT SO FAR THERE HAS BEEN NO LEGISLATIVE ACTION, IN FACT NO PHYSICAL BILL HAS YET BEEN PRODUCED.HAS YET BEEN NO PHYSICAL BILL ACTION, IN FACT NO PHYSICAL BILL 3 ACTION, IN FACT 3 NO PHYSICAL BILL 3 HAS YET BEEN PRODUCED. 3 3 RICK:..

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