When MI drivers receive their MCCA check for $ 400 which is eligible


On November 2, I reported that Governor Whitmer had requested that the Michigan Catastrophic Claims Association (MCCA) send us a refund check to anyone who pays for auto insurance.

I also advised you not to be too excited about Whitmer’s call for a refund and give her the credit that there is more to the story. Michigan Insurance Law requires the MCCA, beginning in September 2022 and every three years thereafter, to issue refunds when assets exceed 120% of liabilities.

I then reported last week that the MCCA commission had decided that the refund would be $ 400 for every Michigan driver who contributed to the fund. At that time, they had not indicated when they would send these checks and who would receive them.

Now they have. The state just announced that yesterday, auto insurers would issue reimbursement checks no later than May 9, 2022.

The Michigan Department of Insurance and Financial Services (DIFS) has now created a website to answer many relevant questions. For example:

“Who is eligible for a refund: All vehicles that were insured at 11:59 p.m. on October 31, 2021 are eligible for a refund if the vehicle was covered by a policy that meets the minimum insurance requirements for operating a vehicle on roads in Canada. Michigan

When and how will I be reimbursed? : Surplus funds will be returned by the MCCA to insurance companies operating in Michigan by March 9, 2022, and insurers will be responsible for issuing ACH checks or deposits to eligible policyholders. DIFS will require insurers to issue refund checks or ACH deposits to consumers as quickly as possible, but in no event more than 60 days after the funds transfer. “

If you are eligible and have not received your refund by May 9, 2022, you should contact your auto insurer.

Even with the sharp decrease in the MCCA, Michigan still has one of the highest auto insurance rates in the country. Earlier this year MLive reported on an analysis of a national auto insurance comparison site called Zebra. In this article, they wrote:

“Analysis found Michigan auto insurance rates fell 18% statewide and 19% in Detroit, where drivers have historically paid some of the highest auto insurance costs in the country. . averaging $ 1,483 per year and averaging $ 5,072 per year, Detroit still had the highest average auto insurance rates in the United States

For answers to other questions, please visit the Michigan Department of Insurance and Financial Services Web page about this question.

NEXT: Find Out How Much Gasoline Was In The Year You Started Driving


Comments are closed.