Michigan’s MCCA refunds are on their way to Michigan auto insurance consumers. The changes made by Michigan Auto Reform Law resulted in a large surplus in the current MCCA Fund, the law requires a refund to consumers of the surplus.
The refunds are due to cost savings in the new auto insurance law, which has resulted in a $5 billion surplus in the Michigan Catastrophic Claims Association (MCCA) catastrophic fund
Who is eligible for a refund?
Anyone who had a vehicle, motorcycle, or RV that was insured by a policy that meets the minimum insurance requirements to operate on Michigan roads as of 11:59 p.m. on October 31, 2021, is eligible to receive a refund for that vehicle.
How much will I get?
Eligible drivers will receive $400 per eligible vehicle. Historical vehicles are eligible for a refund of $80 per historical vehicle. That means a family with four insured vehicles will receive a $1,600 refund!
How will I get my refund?
The insurer that provided coverage for your vehicle at 11:59 p.m. on October 31, 2021, must issue your refund via a check or ACH deposit.
Do I have to do anything to get my refund if I am eligible?
Eligible drivers do not have to do anything to receive their refund. Refunds will be sent directly to eligible policyholders by their insurance companies. To avoid potential delays, make sure your insurer has your most current address and banking information on file.
Is my refund taxable?
The MCCA refunds are generally not taxable for most Michiganders. People who deducted their auto insurance premiums as a business expense may be required to include all or a portion of this refund as income on their tax returns. Please consult your tax professional if you have questions about your specific circumstance.
Someone called and asked me for my personal information to get my refund. Is this legitimate?
No. Never give out personal information including address, birth date, Social Security Number, account numbers, or passwords to an unsolicited caller. If you receive a call about your MCCA refund, contact your insurance company to verify the request and inquire how you can provide information securely if necessary.
What if I don’t get my refund by May 9, 2022?
After May 9, if you have not received your refund, contact your insurance company or agent. If you cannot resolve your concern, call DIFS at 833-ASK-DIFS, Monday through Friday 8 a.m. to 5 p.m.
Source: Michigan.gov/MCCArefund
