Detroit mayor says he has plan to lower car insurance cost

April 30, 2015 12:28 PM

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The mayor of Detroit says he'll ask state lawmakers to approve a car insurance program that would lower rates for city residents.

Mayor Mike Duggan says the plan could cut costs by $1,000 a year. He has said the high price of insurance must be addressed to lure and keep people in Detroit.

Also read: Amid Obamacare uncertainty, insurance giant Humana plans to leave marketplaces in 2018

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