Auto Insurance Companies Giving Back Money
Auto insurers are giving cash back to policyholders to reflect far less miles being driven these days.
Auto insurance companies giving back money. Allstate personal auto insurance customers will receive a 15 percent discount on their april and may monthly premiums. Money auto insurance companies giving back money amid covid 19 pandemic. As business shutdowns school closures and stay at home orders caused by the coronavirus outbreak cleared traffic from roads across the country many of the largest u s. Several insurance companies giving back millions to customers there s been a trend in the last couple weeks of insurance companies refunding millions of dollars to their policyholders due to the.
On average this comes out to about 15 money back on auto insurance premiums for april and may of 2020. But the industry is saving even more during the pandemic even after subtracting the payments being made to policyholders. Esurance is an allstate company and they are offering the same shelter in place program as noted above. As some auto insurance companies start giving refunds and credits to commuters stuck at home during the coronavirus outbreak there s an easy way drivers with other carriers can catch the same.
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. En español consumer advocates are calling on insurance companies to continue partial auto policy premium refunds that were widely instituted in the spring as the coronavirus pandemic sharply curtailed driving. The shelter in place payback will also be extended to policyholders with esurance and encompass two brands owned by allstate. Allstate has pledged to give back 600 million in premiums as part of their shelter in place payback program.
With the majority of americans heeding stay at home orders and only venturing. Auto insurance companies including allstate geico and liberty mutual said they will give policyholders millions of dollars back because americans are driving less during the coronavirus pandemic.
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