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. 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.
“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,” the governor said in a statement.