2022 MCCA Refund
Recently, the Michigan Catastrophic Claims Association Board of Directors unanimously voted to return about $3 billion in surplus funds to its member insurance companies, which will be distributed to policy holders between March 9 and May 8, 2022.
Who is eligible for this refund?
All eligible vehicles that were insured as of October 31, 2021 will receive a refund, as long as the vehicle was covered by a policy that meets the minimum insurance requirements for operating a vehicle on Michigan roads. Eligible vehicles include private passenger (including historic), motorcycles (including historic), motorhomes and commercial fleet vehicles. Ineligible vehicles include those with comp only coverage on October 31, 2021, trailers, ATVs, dune buggies and snowmobiles.
What are the minimum insurance requirements for operating a vehicle on Michigan roads?
For more information on minimum coverage requirements, please visit Michigan’s New Auto Insurance Law on the Department of Insurance and Financial Services website.
Which recreational vehicles and trailers are not eligible for this refund?
The following recreational vehicle types are not eligible for the refund:
- Golf carts
- Dune buggies
- Extended non-owned vehicles
Which recreational vehicles and trailers are eligible for this refund?
Motorhomes are eligible for the refund, if as of October 31, 2021, it was covered by a policy that meets the minimum insurance requirements for operating a vehicle on Michigan roads. Motor homes that meet these requirements are eligible for the refund.
Are motorcycles eligible for this refund
Motorcycles are eligible for the refund, if as of October 31, 2021 the motorcycle was covered by a policy that meets the minimum insurance requirements for operating a vehicle on Michigan roads.
My vehicle was in storage as of October 31, 2021, with only comprehensive coverage? Am I eligible for a refund?
No. Storage vehicles do not qualify for the MCCA refund.
I have a historic car (or motorcycle). Does this vehicle qualify for a refund?
Vehicles that are registered and insured as historic vehicles are only charged 20% of the annual MCCA assessment, and therefore qualify to receive a refund of $80 per historic vehicle, provided the vehicle meets the eligibility requirements.
When will I get my refund?
The surplus funds will be transferred to insurance carriers operating in Michigan by March 9, 2022. Upon receipt of the funds, carriers will begin the process of issuing refunds, which will be distributed to policyholders by May 8 or no later than 60 days after the transfer.
How will I get my refund?
Refunds will be distributed by check or direct deposit.
Do I need to do anything to get my refund?
No. If you are eligible to receive a refund, you do not have to do anything to receive it. All vehicles that were insured as of October 31, 2021 are eligible to receive a refund, as long as the vehicle meets the minimum insurance requirements for operating a vehicle on Michigan roads.
How much will the refund be?
The refund will be $400 per eligible car or motorcycle, and $80 per historical vehicle.
I owe a balance on my policy? Can my carrier use the refund towards my balance?
No. Carriers will not use the MCCA refund towards any balance owed. The refund will be issued in the form of a check or direct deposit.
I changed my auto insurance carrier after October 31, 2021. Where will my refund come from?
The insurer that insured the vehicle on October 31, 2021 is responsible for issuing any refund due.
I've moved since October 31, 2021. How will I get my refund?
The carrier that insured your vehicle on October 31, 2021 will send your refund via mailed check or direct deposit to the address or bank account it has on record. If you have moved and have not updated your mailing address, please contact your insurance agent to do so.
My business has a fleet of vehicles. Will these vehicles be eligible for an MCCA refund, and if so, how much?
Commercial fleet vehicles that are insured for road use as of October 31, 2021 are eligible for the MCCA refund. The refund amount will depend on how the vehicles are identified in the fleet’s auto insurance policy:
- For vehicles that are individually identified in the policy, such as by VIN or license plate number, the full MCCA refund of $400 per vehicle will be given for each vehicle.
- For policies that are written on a per-plate basis, such as those used by car dealerships with license plates that are moved from car to car as needed, the MCCA refund of $400 will be calculated and sent on a per-plate basis.
- For commercial fleet policies that are written on a gross-receipts basis, or for other types of policies where individual vehicles cannot be identified, the refund will be calculated as 135% of the applicable in-force commercial auto PIP written premium related to those policies.
Who do I contact if I have questions about the refund process?
For general refund questions, you may contact the Michigan Department of Insurance and Financial Services at 833.275.3437. Representatives are available Monday through Friday from 8 a.m. to 5 p.m. For questions about your refund or your policy, please connect with your Keyser agent.