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Tuesday, 07 December 2021 22:20

$3 Billion in Refunds Announced for Michigan Drivers

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In a move that will put money back into the pockets of Michigan drivers, Gov. Gretchen Whitmer and the Michigan Department of Insurance and Financial Services (DIFS) on Dec. 7 announced the Michigan Catastrophic Claims Association (MCCA) has acted upon the governor's call to return surplus funds to Michigan policyholders and will immediately begin the process of refunding $400 per vehicle to Michigan drivers.

Drivers are expected to receive checks in the second quarter of 2022. 

 

"These refunds and the recently announced statewide average rate reductions are lowering costs for every Michigan driver," said Whitmer. "Michiganders have paid into the catastrophic care fund for decades, and I am pleased that the MCCA developed this plan so quickly after unanimously approving my request to return surplus funds to the pockets of Michiganders. We are working together to put Michigan drivers first, and I am directing DIFS to ensure that the MCCA and Michigan's auto insurance companies accurately, fairly and promptly issue these refunds." 

 

"The governor and I called for these refunds because we recognize that this surplus money belongs to Michigan drivers, and we need to put it back in their pockets," said Lt. Gov. Garlin Gilchrist. "These refunds are a major win for all drivers---especially Detroiters---who have paid the highest insurance rates in the nation for decades. There is still work to be done, and Gov. Whitmer and I will continue to take action in the best interest of Michigan drivers." 

 

"DIFS stood with Gov. Whitmer in calling upon the MCCA to return surplus funds to Michiganders with auto insurance, and we applaud the MCCA for taking the necessary next steps to deliver the largest refund possible to drivers while maintaining the viability of the fund," said DIFS Director Anita Fox. "In the coming months, DIFS will work to ensure that refund checks are issued to Michigan consumers as quickly as possible." 

 

In November, Whitmer called on the MCCA to issue refund checks to consumers from its projected $5 billion surplus, which the MCCA then voted unanimously to issue. The surplus and refunds are possible, in part, due to...


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