You may remember, that the State of Michigan authorized a $400 per a vehicle refund check. At that time, the Michigan Catastrophic Claims Association (MCCA) had a $5 billion surplus. Now, the MCCA has a deficit of $3.7 billion for several reasons: the overturning of no-fault cost controls, the recent decline in the stock market, and the $400 refund checks.
The MCCA will raise the cost of each vehicle insured in Michigan by $48. This new fee is set to begin on July 1st,2023.
This has nothing to do with the agent or insurance company. This is not a "rate hike". It is the State of Michigan that is assessing this fee/tax.