MCCA Refund Coming in 2022

December 7, 2021

As you may have seen in recent publications, the Michigan Catastrophic Claims Association (MCCA) Board of Directors has approved approximately $3 billion in surplus funds to be refunded to auto insurance policyholders. Here’s what we know now:

  • Policies that were in force as of 11:59 p.m. on October 31, 2021, qualify for a refund.
  • The refund will be $400 for every vehicle, including motorcycles, that was insured with liability coverage as of the in-force date.  *Vehicles in storage will not receive a refund since the MCCA fee does not apply to vehicles when in storage.
  • Historical/Antique vehicles will get $80 per vehicle.
  • It is anticipated that the MCCA will begin to send funds to insurance companies for distribution by March 9, 2022. Checks will be processed and sent after this date. Some policyholders may receive an electronic refund if they have a bank account connected to their auto insurance billing account.

As of June 30, 2021, the MCCA had an estimated surplus of $5.036 billion. After this refund, there will still be a $2.036 billion surplus to project and account for future claims.

To read the full letter from the Department of Insurance and Financial Services, click here. 

As we learn more, we will be sure to keep you informed.