The statistic shows the number of private passenger cars insured in the shared and voluntary markets in Michigan in 2009. In that year, there were 723 cars insured in the shared market. Altogether, the number of cars insured in Michigan amounted to approximately 6.1 million.
Number of private passenger cars insured in the shared and voluntary markets in Michigan in 2009
The assigned risk and other plans are known in the insurance industry as the shared, or residual, market. Policyholders in assigned risk plans are assigned to various insurance companies doing business in the state, since they cannot obtain auto insurance in the private market.
In the voluntary, or regular, market, auto insurers are free to select policyholders.
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Insurance Information Institute. (February 7, 2011). Number of private passenger cars insured in the shared and voluntary markets in Michigan in 2009 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/214952/private-passenger-cars-insured-in-michigan/
Insurance Information Institute. "Number of private passenger cars insured in the shared and voluntary markets in Michigan in 2009." Chart. February 7, 2011. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/214952/private-passenger-cars-insured-in-michigan/
Insurance Information Institute. (2011). Number of private passenger cars insured in the shared and voluntary markets in Michigan in 2009. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/214952/private-passenger-cars-insured-in-michigan/
Insurance Information Institute. "Number of Private Passenger Cars Insured in The Shared and Voluntary Markets in Michigan in 2009." Statista, Statista Inc., 7 Feb 2011, https://www.statista.com/statistics/214952/private-passenger-cars-insured-in-michigan/
Insurance Information Institute, Number of private passenger cars insured in the shared and voluntary markets in Michigan in 2009 Statista, https://www.statista.com/statistics/214952/private-passenger-cars-insured-in-michigan/ (last visited November 23, 2024)
Number of private passenger cars insured in the shared and voluntary markets in Michigan in 2009 [Graph], Insurance Information Institute, February 7, 2011. [Online]. Available: https://www.statista.com/statistics/214952/private-passenger-cars-insured-in-michigan/
