Michigan drivers are getting a break on auto insurance due to “extreme reductions in driving” during the coronavirus pandemic, state officials announced Monday, June 1.AutoLegislation & Regulation
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 companies reduced risk during the COVID-19 crisis.
“Michiganders have been staying safe and staying home and they should see the benefit in reduced auto insurance rates during the COVID-19 pandemic,” Gov. Gretchen Whitmer said in a statement.
“Every family is feeling added financial pressure due to this virus, and this order will provide some much-needed relief to drivers.”
The order sets a June 10 deadline for insurers to submit filings including the refund or premium waiver amount, information on how the amount was determined, and how consumers will receive payments.