Missed out on $400 by two days

[Exterous]

I had three cars for years but wasn't driving much anymore since I mostly work from home now. So I sold my third car on Oct 29th. Apparently Michigan residents have been over paying on car insurance so residents will get a $400 refund for each car covered by an active insurance policy on Oct 31st.

Kinda bothers me that I over paid insurance costs for most of the year but miss out because of an arbitrary date. Would have preferred a prorated option - I mean the data is already available to do that...

 

[PowerEngineer]

Well, was all the paperwork filed with the state on the day of the sale? October 29th was a Friday, so if not then perhaps you were still the legal owner over the weekend and into November?

 

[Exterous]

Well, was all the paperwork filed with the state on the day of the sale? October 29th was a Friday, so if not then perhaps you were still the legal owner over the weekend and into November?

Unfortunately my insurance agent is a hard working guy who is always on the ball. My requests usually get processed in under 2 hours. Sold the car at noon and it was off my insurance by 1:30pm

 

[brianmanahan]

when i worked in insurance, i couldn't believe how expensive michigan was for personal auto

the no-fault rules and required PIP coverage made it like double the premium for a similar policy in an at-fault state

i think i read that it changed recently though?

 

[Exterous]

when i worked in insurance, i couldn't believe how expensive michigan was for personal auto

the no-fault rules and required PIP coverage made it like double the premium for a similar policy in an at-fault state

i think i read that it changed recently though?

It's changed some. You can now opt for non-unlimited PIP coverage but, for us, that would have saved us a little under 10% so not exactly a huge change.

That said the refunds are a sign that the rates didn't decrease enough so maybe it will improve some more