Car Insurance Companies That Are Giving Refunds
You may find a credit on an upcoming car insurance statement since coronavirus car insurance refunds are becoming more common.
Car insurance companies that are giving refunds. 2020 companies are issuing over 4 billion dollars as coronavirus car insurance refunds. Coronavirus car insurance refund which companies. Progressive s credit will be approximately 46 per month per vehicle. Progressive insurance whose corporate headquarters are in the cleveland suburb of mayfield village ohio gave a 20 percent credit on april and may premiums to customers with personal auto insurance.
Expanded auto insurance coverage for members who use their personal vehicles to deliver food medicine and other goods for commercial purposes liberty mutual. This is fair because less driving means fewer accidents said tom wilson allstate chairman. Geico usaa liberty mutual and allstate are among the insurers offering refunds to car insurance policyholders driving less due to the coronavirus. It will be refunded via customers banks credit cards or allstate accounts reports usa today.
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. In new york the credits were applied in may and june. Allstate is offering only a 15 premium refund to its auto insurance policyholders for april and may. 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.
The company estimated that the givebacks will be worth about 1 billion total. Admiral are offering all motorists a 25. The second of the auto insurance companies offering premium refunds is american family insurance. So many of them are offering a partial premium refund to help car owners save a bit of money during this challenging time.
The refund is the equivalent of 15 percent of an average bill for two months the company said. This will have the insurance company sending back roughly 50 per car to policyholders.
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