High monthly premiums can eat into the monthly finance payment that a consumer can afford.
Troy, Michigan (PRWEB) August 10, 2013
Wolverine Auto Finance, a strong new player in the world of automotive financial services, has recently rolled out a blog on their corporate website. The blog covers a variety of topics - automotive industry news, frequently asked questions, and current financing deals - as they relate to the state of Michigan. Blog posts are authored by the team at Wolverine Auto Finance, which has a wealth of experience in automotive finance and insurance.
Recently, the team tackled question as to why Michigan has such high insurance rates, regularly some of the highest in the nation. The team cited the state's policy of guaranteed, unlimited lifetime personal injury protection (PIP) as the culprit for such high premiums. Interested parties can read the post here.
These costs are of importance to Michigan car-shoppers, because the cost of insurance must be factored into one's car-buying budget. High monthly premiums can eat into the monthly finance payment that a consumer can afford.
"Michigan's PIP policy is a double-edged sword," said one company spokesperson. "On the one hand, it gives us some of the highest insurance premiums nationwide. On the other hand, if injured in an accident, it is comforting to know that there is virtually no cap on received benefits."
About the Company: Wolverine Auto Finance is a new but fast-growing provider of automotive financial services to prospective car-buyers. They serve clients all across the state, from Kalamazoo on up to and Upper Michigan.