car insurance refund checks 2022
Car Insurance Refund Checks in 2022
If you’ve been looking for car insurance refund checks, but aren’t sure where to turn, the state of Michigan has a solution for you. A bipartisan law signed by Governor Gretchen Whitmer in 2019 directed auto insurance companies to issue refund checks of up to $400 per vehicle. The state is a victim of an auto insurance fraud scheme, and the money from car insurance refund checks should be distributed to eligible Michiganders as soon as possible. auto insurance ohio quotes
Your insurance company will send you a check or direct deposit to your bank account, as long as you’re eligible. To get your refund, you can call the Department of Insurance and Financial Services or your insurance company to find out whether you’re eligible. You can reach them by phone at (833) ASK-DIFS from 8 a.m. to 5 p.m. Monday through Friday. Make sure you contact the insurance company if you don’t receive a check in the mail.
In Michigan, if you’re a resident of the state, you should look for car insurance refund checks by the end of 2022. The state’s new auto insurance law requires insurance companies to issue refund checks by that date. The law also requires independent actuaries to review the records of the Michigan Catastrophic Claims Association to determine if an insurer has enough money to cover all claims. Therefore, if you’re a Michigan resident, you should contact your auto insurance company or the Department of Insurance and Financial Services to find out whether you’re eligible for a refund.
Cancelling your car insurance before it expires will result in a refund check. While you’ll likely not get a refund if you paid premiums monthly, you may be able to get a small amount of money back if you cancel your policy at the beginning of the month. However, it is important to note that some insurers will require a cancellation fee, which could lower the refund amount.