Car Insurance Companies That Are Giving Refunds
Liberty mutual personal auto insurance policyholders will receive a 15 refund on two months of their auto premiums as of april 7 2020 pending regulatory approval.
Car insurance companies that are giving refunds. Coronavirus car insurance refund which companies. And auto owners refund will be approximately 28 per month per vehicle. This will have the insurance company sending back roughly 50 per car to policyholders. The second of the auto insurance companies offering premium refunds is american family insurance.
The company estimated that the givebacks will be worth about 1 billion total. Allstate is offering only a 15 premium refund to its auto insurance policyholders for april and may. Geico usaa liberty mutual and allstate are among the insurers offering refunds to car insurance policyholders driving less due to the coronavirus. Direct line for example which has more than five million customers and includes the brands green flag privilege and all the nationwide insurance products said it would consider refunds in some.
In new york the credits were applied in may and june. This is fair because less driving means fewer accidents said tom wilson allstate chairman. Expanded auto insurance coverage for members who use their personal vehicles to deliver food medicine and other goods for commercial purposes liberty mutual. You may find a credit on an upcoming car insurance statement since coronavirus car insurance refunds are becoming more common.
2020 companies are issuing over 4 billion dollars as coronavirus car insurance refunds. Progressive s credit will be approximately 46 per month per vehicle. The refund is the equivalent of 15 percent of an average bill for two months the company said. So many of them are offering a partial premium refund to help car owners save a bit of money during this challenging time.
So far only two firms have offered proper car insurance refunds to motorists as they pass savings made due to a lower number of claims back to motorists. On tuesday allstate geico and liberty mutual became the first insurers.
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