LANSING – The Michigan Catastrophic Claims Association will issue $3 billion in auto insurance refunds — $400 per insured vehicle — to Michigan drivers, Gov. Gretchen Whitmer and the Department of Insurance and Financial Services announced Tuesday.
Drivers are expected to receive checks in the second quarter of 2022, Whitmer said in a news release.
Insured motorcycles also are eligible for the full $400 refund, officials said.
Whitmer called for refunds on Nov. 1, saying the surplus in the Michigan Catastrophic Claims Association Fund had grown to $5 billion since she signed into law bipartisan auto insurance legislation in 2019 that was intended to lower premiums and give options of reduced medical coverage while significantly reducing medical fee schedules for long-term medical care.