• Wed. Sep 21st, 2022

The deadline for insurers to send money is approaching

ByElla E. Kidwell

Apr 29, 2022

The deadline for Michigan auto insurance reimbursements is almost here.

Insurers have until May 9 to send their money to eligible drivers. These refunds are the result of changes to the Automobile Insurance Act.

Related: $906 million in insurance reimbursement checks already distributed

Who is eligible for $400 refunds?

Drivers will receive a reimbursement of $400 per vehicle as long as the vehicle was insured with a policy that meets the minimum requirements for on-road driving as of 11:59 p.m. on October 31, 2021.

Which vehicles are eligible for refunds?

Vehicles with only comprehensive coverage, such as a car that was in storage on October 31, 2021, are not eligible.

Motorcycles and RVs are eligible for reimbursement if they were covered by a policy required for driving.

Historic vehicles who were properly insured are entitled to $80.

Trailers are not entitled to reimbursements, even if they were insured.

Is there anything to do to get the refund?

No. Insurance companies will automatically send them to eligible drivers.

Related: How to avoid insurance reimbursement scams

How will drivers receive reimbursement?

Car insurance companies will send a check or deposit the reimbursement to your bank account.

Refunds must be issued this way. They can’t be applied as money toward a balance owing on a plan, and insurance companies can’t issue gift cards or offer future discounts in lieu of payment.

If an insurance company attempts to do so, it can be reported here.

Drivers can find out if they will receive a check in the mail or by direct deposit by calling their insurance company.