Michigan drivers to obtain refund on auto insurance coverage

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Continue reading: Michigan drivers could pay more for auto insurance if they miss out on paperwork

“Details on the specific reimbursement amount per vehicle, as well as a proposed schedule and planned logistics will be announced in the next few weeks,” MCCA said in a statement. “The aim is to give consumers the greatest possible reimbursement and at the same time to reserve sufficient funds to ensure high-quality care for the catastrophically injured.”

For her part, Whitmer said the announcement was “good news,” adding that the $ 5 billion surplus belongs “in the pockets of Michigan policyholders.”

Meanwhile, Anita Fox, director of the Michigan Department of Insurance and Financial Services, praised the MCCA’s “quick response to the governor’s request …”

“I urge the MCCA Board of Directors to act immediately to determine the amount, process, and schedule for expeditious reimbursement of refunds to all Michigans with auto insurance,” said Fox.

Michigan is consistently listed among the states with the highest auto insurance rates in the United States. A WalletHub study published earlier this year found the average annual premium in Michigan was $ 1,908 – the highest in America.

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