Some Car Insurance Companies Giving Covid-19 Related Rebates

by - avril 25, 2020

Some Car Insurance Companies Giving Covid-19 Related Rebates


TOLEDO (WTVG) - Some auto insurance companies are offering their customers a reprieve during the COVID-19 crisis in the form of rebates on their premiums. The reasoning? Fewer people are driving due to widespread stay-at-home orders.

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Andrew Gill owns an independent Car Insurance company agency in Lambertville, MI that works with a number of top Car Insurance Companies. “So far, all the carriers that we represent have made some effort to give back to the policyholders,” says Gill.

Gill says this based on lower Car Insurance Companies rates for the months of March and April. “We've seen anywhere from 5% on the 6-month premium. Anywhere up to 25% for the two months.

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And it’s across the board for all policyholders regardless of whether they’re working or not. Gill says the reason is simple.

“Because of the claims experience with fewer people Car Insurance Companies. As much as 50-percent less driving than they normally do that the accidents are down. And that's prompted them to give back to the clients.”

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