Auto insurance policies are essential not only for protecting your finances during a car accident. Having insurance coverage is also legally required. Michigan’s No-Fault law mandates owners of motor vehicles have sufficient coverage to pay compensation to the victim they injured.
The required auto insurance coverages in Michigan are:
- Personal injury protection coverage to pay for the victim’s medical expenses and lost wages
- Bodily injury liability in case you injured someone in the car
- Coverage for property damage liability
Michigan has one of the most expensive premium rates in the country. You need to carefully review your choices to select a policy that fits your profile. One of the insurers you may be considering is CURE Auto Insurance. In this article, we discuss CURE auto insurance’s policies and
Cure Auto Insurance Company Overview
The Citizens United Reciprocal Exchange (CURE) Insurance was established in 1990. It aims to offer competitive rates to drivers that other insurance companies usually reject. This includes drivers who spend more hours on the road, non-homeowners, or those with a low credit score.
CURE uses the person’s clean driving record as the basis for the price of its premiums. Safe drivers enjoy affordable rates even if they don’t satisfy the standard criteria for cheaper insurance premiums.
Cure Auto Insurance’s operations have been notable for their performance and strategic expansion into the Detroit market, reflecting its commitment to providing affordable rates amidst the evolving landscape of no-fault auto insurance reform.
Can You Get CURE Auto Insurance in Michigan?
CURE Auto Insurance is available in three states, namely, New Jersey, Michigan, and Pennsylvania. It opened its office in Detroit in August 2023, two years after it entered the Michigan market.
To buy car insurance from this company, you must pay an upfront “deposit” aside from the price of their auto insurance premium. The deposit is equal to 25% of your initial base premium.
Is CURE Auto Insurance Good or Bad?
Are you wondering if CURE is the right fit for your needs? Comparing it to other companies can guide you in making your decision. Here’s an overview of how CURE differs from other leading insurance companies.
- State Farm
State Farm has a solid reputation for home, auto, and life insurance products. Those who prefer to keep their investments centralized will be enticed with their banking and investment services. On the other hand, CURE offers only car insurance.
- Lemonade
Lemonade is an all-digital insurance company offering different types of insurance policies. It has a mobile app and online platform where you can get your claims almost instantly. It also covers more states than CURE and is still trying to expand across the country.
- USAA
USAA is only available to veterans, US military members, and qualified family members. It also has a wide range of products like Lemonade and State Farm, such as banking and retirement savings. The company gives its policy holders several perks, such as discounts from FedEx and Hertz. It’s an affordable option catering to military needs.
Common Problems with CURE Auto Insurance
Reports from the National Association of Insurance Commissioners (NAIC) and the Michigan Department of Insurance and Financial Services (DIFS) indicate CURE’s poor performance. Customers complain about how claims are handled, unsatisfactory settlements, and frequent denial of claims.
Below are some of the most common issues encountered with CURE Auto Insurance.
- It has a history of denying coverage for medically necessary procedures. In 2022, it refused to pay for a victim’s spinal surgery because it seemed that it wasn’t needed.
- An independent appraiser for total loss car collisions claims that CURE refuses to pay claims for vehicle damage.
- CURE is considered to subject its customers to great debt and bankruptcy. It routinely discourages its customers from buying sufficient medical coverage.
How to Find the Right Auto Insurance Company for You
No one wants to break the bank to pay for car insurance. It’s more than just getting the cheapest rate. It’s also crucial to choose a company that is financially stable, gives the coverage you need, and is willing to assist you in filing a claim. Here are some tips to help you pick the right auto insurance company.
- Identify the coverage you need: Check the state’s requirement on the minimum amount and type of coverage. Consider optional add-ons like rental car reimbursement, which is an endorsement that can be added to your standard policy for additional coverage.
- Check your budget: Try to strike a balance between the insurance cost and coverage. You may need to reduce costs in other areas to afford the needed coverage.
- Conduct thorough research on your potential insurance provider: Once you’ve narrowed down your list, do some investigating to ensure that the company is trustworthy. Some things you might want to check are:
- The company’s financial status. Companies like Fitch, A.M. Best, and Kroll Bond Rating Agency give ratings that evaluate an insurer’s financial stability.
- Customer satisfaction. Browse through online customer reviews and consumer reports. The National Association of Insurance Commissioners also has a website where you can see customer complaints filed against the auto insurer you’re considering.
How a Personal Injury Attorney Can Help You Deal with Insurance Providers
Insurance companies usually make it hard for their clients to get fair compensation. This is quite frustrating, especially if you’re a car accident victim. They try to undervalue your claim or deny it completely.
A personal injury lawyer will protect your rights and ensure that you get the compensation that you deserve. The lawyer can:
- Navigate the technicalities of the claims process.
- Negotiate with the insurer on your behalf.
- Protect your interests to get the desired outcome.
- Gather evidence to prove your claim.
- Represent you in court if necessary.
A personal injury attorney can increase your odds of winning your case and hold the at-fault party accountable.
Contact The Clark Law Office Today.
Taking immediate action is essential if you get involved in a car accident in Michigan. Aside from seeking medical attention, you must seek the help of an experienced personal injury lawyer right away.
The Clark Law Office is one of the leading law firms dealing with people victimized in auto accidents. We are never too busy to address the concerns of our clients. Our client-centric approach achieves better and faster settlements for our clients. Book a free consultation today.
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