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Have an Insured Car? You’re Getting $400

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Published on March 25, 2022

Thanks to a change in Michigan’s auto insurance laws, many drivers will soon be receiving an unexpected refund! The Michigan Catastrophic Claims Association (MCCA) is refunding $400 per eligible vehicle insured on an active Michigan auto policy as of October 31, 2021. The checks are being disbursed to eligible Michiganders as part of a surplus related to insurance requirements in the state.

Here are four tips that will help you get the most bang for your $400!

  • Payoff or paydown existing credit card debt.
    Make sure to pay off your credit card balances, especially those with high interest rates or consider a balance transfer. Our balance transfers are free and easy to complete.

  • Consider an extra payment toward the principle on your loan.
    Small payments go a long way when it comes to paying off a large loan early.

  • Pad your account.
    This extra money is a great way to build a savings foundation. You can also open a Choice Goals account so you’ll be ready for unexpected expenses. Give it a unique name, like “Car Repairs” so you won’t be tempted to spend the money on something more fun but less necessary.

  • Invest in yourself.
    Did you max out the deposits for your IRA or 401k in 2021? If not, you have until April 18 to make another deposit. If you did reach your deposit limits for last year, contribute toward your 2022 limit. Investopedia will help explain deposit limits so you can see how they apply to you.

Am I getting a refund?
Here are the qualifications, according to the Department of Insurance and Financial Services.

  • All vehicles that were insured as of 11:59 p.m. on October 31, 2021, are eligible to receive a refund if the vehicle was covered by a policy that meets the minimum insurance requirements for operating a vehicle on Michigan roads.

  • A refund check or an ACH deposit will be issued to eligible Michigan policyholders. You will not have to do anything to receive it.

  • Vehicles that were registered as historical vehicles will qualify for a refund of $80.

When funds are being distributed in this fashion, scammers will be out looking for ways to steal your refund. Keep in mind that your refund will come to you automatically. If anyone emails, texts, or calls you to say that you need to register or give them personal or financial information to receive your money, hit delete or hang up.

You can find a complete list of frequently asked questions here.

The $3 million in surplus funds was issued to insurance carriers on March 9. It is to be distributed to drivers no later than 60 days after the transfer of funds. Some drivers have already received their refunds. If you are eligible and do not receive your check by May 9, contact your insurance company. Also, if you have moved recently, make sure your insurance provider has your updated address.

If you have further questions or concerns, contact the Michigan Department of Insurance and Financial Services at 833-ASK-DIFS (833-275-3437) Monday-Friday from 8 a.m. to 5 p.m. or email


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