Check your bank account: $400 auto insurance refunds to be sent out to Michigan drivers as early as this week

Car key on pile of $1 bills
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(WWJ) Some Michigan drivers can expect to have more cash in their pockets this week.

Individuals who were insured under the state's former no-fault insurance law are expected to begin receiving their $400 refund from the Michigan Catastrophic Claims Association (MCCA) as early as this week.

Anita Fox, director of the Michigan Department of Insurance and Financial Services said auto insurers will receive the funds from the state on Wednesday. They will then be responsible for dispersing the money to policy holders.

Fox said the MCCA issued a bulletin requiring each auto insurer to release those funds to all eligible drivers within 60 days of Wednesday, which would be May 8, at the latest.

"The governor and along with our office we insisted that these needed to be actual lump sum payments back to the policy holders and the safest way to do that is either a check to the address on record or if you paid through an electronic means -- it will go right back into that form of payment," said Fox.

If you’re eligible to receive a refund, you won't need to do anything. A check will be mailed to the policy address on file or electronically deposited into your account.

More information can be found at Michigan.gov/AutoInsurance.

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