LOS ANGELES, May 6, 2016 /PRNewswire-iReach/ -- Auto-car-insurance4.info has released a new blog post announcing that auto insurance providers fight to keep the Michigan tax break mistake.
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Michigan providers of auto insurance want to keep the current law that makes it possible to get a tax break for medical costs for treating passengers that have been injured by uninsured motorists. The law makes it possible to transfer a part of the costs to a quasi-governmental institution that provides financial relief for motorists who cannot afford a traditional policy.
State officials try to correct the law as it can cost the state's budget between $60 to $80 million a year. Many auto insurance providers and conservative group want to keep the tax break, arguing that it would cost drivers an extra $40 on their current coverage plan if the law is repealed.
As the newly released article explains, "At $80 million next fiscal year, the tax credit is covering a third of the cost of medical bills for passengers injured in an uninsured car. That's because the credit is applied to Michigan's 1.25 percent gross receipts tax on auto insurance premiums,
Companies eligible for the tax credit include AAA Michigan, Allstate, Farm Bureau and Farmers. Out-of-state auto insurers either pay Michigan's tax rate or their home state's rate, whichever is higher, and are not involved in the assigned claims plan or eligible for the credit."
Michigan is already known for its high auto insurance costs. To find affordable premiums, clients are advised to compare as many auto insurance quotes as possible. This can now be done online, by visiting http://auto-car-insurance4.info/. The website has important connections in the insurance industry and can get the best prices for each customer.
Comparing online auto insurance quotes will help Michigan drivers save more than 20% on their premiums. Driving without proper financial protection is dangerous and can be very expensive.
"As agencies and state officials are arguing about the tax break law, we are determined to help Michigan drivers find the best auto insurance plans for them." said Russell Rabichev, Marketing Director of Internet Marketing Company.
Auto-car-insurance4.info is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers
have access to quotes for insurance plans from various agencies, such as local or nationwide
agencies, brand names insurance companies, etc.
For more information, please visit http://auto-car-insurance4.info/.
Media Contact: Russell Rabichev, Internet Marketing Company, 800.475.3410, russell@internetmarketingcompany.biz
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SOURCE Internet Marketing Company
