Auto insurers to give $400 refund checks to Michigan policyholders by May 9, 2022
Michigan Governor Gretchen Whitmer announced the steps the state has taken to ensure auto insurers refund $400 per vehicle to their customers by May 9, 2022.
All policyholders will receive a refund of $400 per insured vehicle as a result of he surplus in the Michigan Catastrophic Claims Association (MCCA) fund.
“The DIFS bulletin ensures that consumers are protected and imposes a May 9, 2022 deadline for issuing refunds to all eligible drivers. Our goal is to make sure that this money makes it to the pockets of Michiganders as quickly and securely as possible,” said DIFS Director Anita Fox.
“I am pleased with how quickly the plan was developed and appreciate the clear guidance provided both to insurers and consumers. The bulletin and website lay out the timeline and requirements so that insurers understand that they must process the refunds as quickly as possible, and Michiganders know when and how they will get the surplus money they are owed,” Governor Whitmer said.
The refunds are the result of cost savings and fraud prevention provisions of the auto insurance reform law.
Auto insurers will give $400 refunds to policyholders for each vehicle insured as of October 31, 2021.