Michigan Gov. Gretchen Whitmer requested last year that a $5 billion surplus reported by the Michigan Catastrophic Claims Association (MCCA) be returned to insured Michigan drivers in the form of refunds. The MCCA transferred $3 billion to auto insurers in March to be distributed to all eligible Michigan drivers who were insured on Oct. 31, 2021.
According to officials, as of Wednesday, May 18, more than $3,041,000,000 had been successfully distributed in refunds to eligible Michigan drivers. By mid-April, more than $900 million in refunds had been issued.
The MCCA, which reimburses insurers for medical and other costs for people seriously injured in car accidents, said it would keep $2 billion of the surplus to "ensure continuity of care for accident survivors."
"We put more than $3 billion back into people's pockets this year with $400 auto refund checks per vehicle." "We were able to accomplish this because of bipartisan auto insurance legislation I signed in 2019, which has already saved Michigan drivers over $1 billion in premiums since it went into effect," Whitmer said. "As we near the end of the refund process, we will continue to use every tool in our toolbox to put money back into Michiganders' pockets."
Eligible drivers who were insured on the cut-off date should receive a $400 refund per vehicle, or $80 per historic vehicle. Auto insurers in Michigan were required to issue refunds by May 9.