Auto Insurance Companies Returning Premiums
Jevone moore image of sport via newscom file two auto insurance giants announced they are returning a total of 800 million in premiums to customers during the novel coronavirus pandemic saying people are driving less and they are experiencing fewer claims.
Auto insurance companies returning premiums. Auto insurance companies return 800 million in premiums because no one is driving. That returned about 250 million to customers of boston based liberty mutual and safeco which it owns. April 6 2020 9 01 pm. Auto insurance companies have been announcing plans to either reduce the cost of premiums during the span of the pandemic or refund cash directly to customers.
American family insurance also announced it will return 200 million in premiums to its policyholders. Allstate corp all n allstate one of the largest u s. Auto insurance companies return 800 million in premiums because no one is driving. Chris isidore cnn business.
April 7 2020 6 25 am updated. Two companies announced premium relief plans amid the coronavirus pandemic. Liberty mutual the sixth largest auto insurer gave auto policy holders a 15 percent refund on two months of their annual premium. Our friends at car and driver talked to.
As you explore this list be sure to make a note of ways you might be able to lower your rate without having to give up good coverage. Auto insurers said it would return more than 1 billion in premiums. Updated 11 10 pm edt mon april 06 2020. To help you understand how the average car insurance rates are developed and what factors affect your car insurance rates today and over time we ve compiled a list of important considerations insurance carriers use when determining premiums.
April 7 2020 6 38 am. The average relief check there will be about 100. Allstate one of the nation s biggest. Following is a list of companies that have offered to return premiums.
Auto insurance companies returning 800m in premiums during covid 19 by catherine thorbecke two auto insurance giants announced they are returning a total of 800 million in premiums to customers during the novel coronavirus pandemic saying people are driving less and they are experiencing fewer claims. Auto insurance companies return 800 million in premiums because no one is driving chris isidore cnn business published.
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