How auto insurance refunds are being deposited

Michigan’s auto insurance reimbursements are beginning to be transferred to the bank accounts of those who own an automobile or motorcycle that is insured within the state. According to the office of the governor as well as the Department of Financial Services, transfer of funds was already underway.

It is estimated that the check for refunds of $400 that drivers receive are for drivers who had their cars insured before October. 31st 2021. Refunds are part of the bipartisan legislation on auto reform approved in 2019 which will require that the Michigan Catastrophic Claims Association (MCCA) to return money to drivers.

From May 9 to the end of May, refunds of $400 owed for drivers’ fees will be paid electronically into banks accounts. Gov. Gretchen Whitmer first announced the rebates in the month of December 2021 with assurances that the funds would be transferred over from MCCA to the insurers on Wednesday 9 March.

“Our bipartisan reforms for auto insurance have dramatically reduced the cost of coverage for family members. Starting this week, because of this reform, Michiganders are getting $400 refund checks for each vehicle for each insured driver, placing cash in the pockets of people,” said Gov. Gretchen Whitmer. “We will continue to work in order to help save Michiganders money to be able to pay for their expenses and get food on the table

What is the amount Michigan Drivers receive back?

For each vehicle you owned and had insurance on in the month of October. 31st, 2021, you’ll receive a $400 check for each of them.

Have an RV that you own and insure within Michigan? $400. Motorcycle? $400. Ford F-150 or Chevrolet Corvette? $400 each.

The amount drivers receive is per vehicle covered under the plan. You can take the number of vehicles that you’ve insured and multiply the number by 400.

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