Car Insurance Michigan Refund
In michigan alone by the end of march statewide travel had dropped by 55 and travel in detroit had dropped by 62 according to data by inrix.
Car insurance michigan refund - With less miles driven comes less car accidents truck accidents and motorcycle wrecks in michigan. The premium waivers or refunds are in addition to any savings resulting from the upcoming changes to michigan s auto insurance law which has shown reductions to statewide average premiums for. Car insurance refund still allows insurers to keep billions in premium dollars.
Gretchen whitmer and the michigan department of insurance and financial services difs on monday announced that difs director anita fox has ordered all auto insurers in michigan to issue refunds or premium waivers to consumers as a result of insurance companies reduced. Every policyholder with auto insurance in effect as of april 30 2020 will receive a 20. Liberty mutual s refund decision which also applies to its safeco customers was announced tuesday in the wake of allstate s.
Michigan department of insurance and financial services director anita fox has ordered all auto insurers in michigan to issue refunds or premium waivers to consumers as a result of insurance. Michigan motorists are being refunded nearly 95 million in car insurance premiums due to a drop in driving and crash claims during the coronavirus pandemic regulators said monday. Lansing all michigan auto insurance companies must give partial premium refunds or waivers because people are driving less during the coronavirus pandemic state officials said monday.
Consumer groups and regulators beginning in mid march began to ask car insurance carriers for rebates and refunds for policyholders given the huge decrease in vehicle usage and miles driven. Vehicle travel has dropped off drastically in recent weeks. Aaa the auto club group is providing 60 million in premium refunds to its auto insurance customers.
