Michigan drivers will get $400 insurance refund per vehicle
All Michigan drivers with auto insurance will receive a $400 per-vehicle refund next year.
Gov. Gretchen Whitmer and state regulators announced the dollar amount Tuesday, more than a month after she had requested the checks by citing a multibillion-dollar surplus in the Michigan Catastrophic Care Association fund.
"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," Whitmer said in a news release.
The fund, which is overseen by a board primarily made up of insurance companies, had quickly agreed to issue refunds but waited to release details. The fund reimburses insurers medical and other costs for people seriously injured in crashes.
The refunds will go to everyone who had an auto insurance policy in Michigan as of Oct. 31, 2021. People do not need to take any action to receive the refund.