What Auto Insurance Companies Are Giving Back Money
The country s largest auto insurer is sending 2 billion back to customers joining allstate geico liberty mutual usaa chubb and other insurers making.
What auto insurance companies are giving back money. Two companies announced they plan to give back about 800 million to their customers since people are driving so much less right now. Car insurance companies are giving people money back since no one is driving. Allstate personal auto insurance customers will receive a 15 percent discount on their april and may monthly premiums. Allstate has pledged to give back 600 million in premiums as part of their shelter in place payback program.
A total of 2 5 billion through credits on six months of insurance coverage when current policyholders renew their policies or new policyholders sign up. And those customers with american family insurance will receive a one time payment of 50 per covered vehicle with the company expecting to return about 200 million to those it auto insured clients. On average this comes out to about 15 money back on auto insurance premiums for april and may of 2020. In total 18 million customers will receive 600 million in refunds.
Marketwatch site logo a link that. Allstate personal auto insurance customers will receive a 15 percent discount on their april and may monthly premiums. The company is also offering free identity protection for the rest of the year and payment relief for struggling customers. American family insurance also announced it will return 200 million in premiums to its policyholders.
The shelter in place payback will also be extended to policyholders with. The shelter in place payback will also be extended to policyholders with esurance and encompass two brands owned by allstate.
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