Auto insurance

Auto insurance reimbursements on the way | Local News

Thanks to the historic, bipartisan Michigan Automobile Insurance Reform Act, passed by the Michigan Legislature and signed by Governor Gretchen Whitmer in 2019, Michigan drivers will soon receive $400 per vehicle from their auto insurance companies, according to the Michigan Department of Insurance and Financial. Services.

The refunds are due to cost savings in the new auto insurance law, which resulted in a $5 billion surplus in the Michigan Catastrophic Claims Association (MCCA) catastrophe fund. Michigan lawmakers called on the MCCA to return the maximum amount of excess funds to Michiganders with auto insurance while ensuring continuity of care for the injured, and in late 2021 the MCCA authorized a $3 billion refund to drivers.

Anyone who owned a vehicle, motorcycle, or motorhome covered by a policy that meets the minimum insurance requirements to be driven on Michigan roads as of 11:59 p.m. on October 31, 2021 is eligible to receive reimbursement for that vehicle. . Historic vehicles are eligible for a reimbursement of $80 per historic vehicle.

Insured motorists do not have to do anything to receive their reimbursement. Insurers will automatically reimburse eligible drivers by check or ACH deposit by May 9.

Eligible consumers who have not received their refund by the May 9 deadline should contact their auto insurer or agent. If consumers have questions or concerns that cannot be resolved directly with their insurer, they should contact the Michigan Department of Insurance and Financial Services by calling Monday through Friday, 8 a.m. to 5 p.m. at 833-ASK-DIFS (833 -275-3437) or by emailing [email protected] For more information, visit Michigan.gov/MCCArefund.