Auto Insurance Companies Giving Back Money
Allstate is returning 600 million to its customers and american family insurance is returning 200 million.
Auto insurance companies giving back money. Auto insurers are giving cash back to policyholders to reflect far less miles being driven these days. But the industry is saving even more during the pandemic even after subtracting the payments being made to policyholders. 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. 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.
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. 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. Allstate has pledged to give back 600 million in premiums as part of their shelter in place payback program. In total 18 million customers will receive 600 million in refunds.
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. Esurance is an allstate company and they are offering the same shelter in place program as noted above. Car insurers are giving billions back to drivers. 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.
Money auto insurance companies giving back money amid covid 19 pandemic. Allstate personal auto insurance customers will receive a 15 percent discount on their april and may monthly premiums.
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