Auto Insurance Companies Returning Money
Auto insurance companies returning 800m in premiums during covid 19.
Auto insurance companies returning money. Auto insurance companies including allstate geico and liberty mutual said they will give policyholders millions of dollars back because americans are driving less during the coronavirus pandemic. No one is driving thus no one is getting into car accidents so some folks are going to get money back from their car insurance companies. More companies may join the bandwagon and the specifics vary from one provider to another so be sure to check with an insurer s website or your insurance agent for further details. Progressive active personal auto insurance customers will receive a credit for 20 off april and may premiums.
Auto insurance companies returning money due to lack of driving during coronavirus pandemic updated apr 09 2020. Other automotive insurance companies have announced they are also returning money to policy holders. Two insurers allstate and american family insurance announced monday they will give back about 800 million to their auto insurance customers because people are driving far less during the. The company said it may add additional credits in the upcoming months.
Posted apr 09 2020 southwest fifth avenue in downtown portland near psu march 18. They can opt to receive the money through a credit to their bank account credit card or in their allstate account. And american family insurance are returning some money to auto insurance customers as widespread shutdowns across the u s. Auto insurance companies return 800 million in premiums because no one is driving.
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