Your Car Insurance Companies Could Give You Credit, Refunds Due To Covid-19

by - avril 29, 2020

Your Car Insurance Companies Could Give You Credit, Refunds Due To Covid-19


A number of Car Insurance Companies are giving money back in one of three ways: a refund, a credit, or a reduction in your premium.

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A majority of Cheap Insurance Companies are returning billions of dollars back to drivers. 

It's all because we're not behind the wheel as much.

In fact, data shows travel dropped about 50% since all those "stay at home" orders began.

A number of Auto Insurance Companies are giving money back in one of three ways: a refund, a credit, or a reduction in your premium.

Companies like State Farm, Geico, and USAA are among those giving credits between 20 and 25%.

Then there are companies like Allstate, Liberty Mutual, and American Family.
They're issuing refunds ranging from $50 dollars per covered vehicle to 15% of your premium.

Others are giving drivers a temporary reduction in their premiums, including Farmers Online Insurance Companies.

Car Insurance Companies - Cheap Insurance Companies - Auto Insurance Companies - Online Insurance Companies

You will receive the relief anytime between now and June, according to Car Insurance Companies based on your insurer.

The good news is whatever form your Car Insurance Companies is doing should automatically come to you or be applied to your account.

You can find out if yours is on the list by clicking here.

And if your insurer isn't, consumer advocates say it's a good time to reach out to them to see what they can do.

You have leverage right now as companies try to hold on to customers.

Information


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