Auto Insurance Companies Returning Premiums

Coronavirus covid 19 automobile auto.

Auto insurance companies returning premiums. Auto insurers said it would return more than 1 billion in premiums. The average relief check there will be about 100. Allstate one of the nation s biggest. Allstate corp all n allstate one of the largest u s.

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 6 2020 9 01 pm. Two companies announced premium relief plans amid the coronavirus pandemic.

New york cnn business 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 coronavirus crisis. Chris isidore cnn business. That returned about 250 million to customers of boston based liberty mutual and safeco which it owns. Following is a list of companies that have offered to return 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. Our friends at car and driver talked to. April 7 2020 6 38 am. 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.

April 7 2020 6 25 am updated. By chris isidore cnn business. Liberty mutual the sixth largest auto insurer gave auto policy holders a 15 percent refund on two months of their annual premium. 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 insurance companies return 800 million in premiums because no one is driving chris isidore cnn business published. American family insurance also announced it will return 200 million in premiums to its policyholders.