Insurance Companies Giving Back Premiums
Auto insurance companies will probably.
Insurance companies giving back premiums. Geico whose headquarters are in chevy chase maryland is giving a 15 percent credit on up to six months of premiums for customers who renew or buy motor vehicle policies between april 8 and oct. 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. Car insurance companies will give customers back 800 million in premiums because no one is driving during coronavirus shutdowns. Most of us aren t getting 50 of our premiums back.
Auto insurance companies return 800 million in premiums because no one is driving. The refunds will total about 2 5 billion according to geico a subsidiary of holding company berkshire hathaway which is considered the. Several insurance companies giving back millions to customers. Farmers insurance is reducing april auto premiums by 25.
Auto insurance companies returning 800m in premiums during covid 19 two companies announced premium relief plans amid the coronavirus pandemic. April 25 2020 at 2 58 p m. 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. Insurance companies need to extend this payback indefinitely.
State farm and other car insurance companies are giving refunds due to coronavirus how you can get yours published. Even if we re out and about in a month or so which i don t think we will be. Personal auto insurance customers will receive a 15 refund on two months of their auto premiums as of april 7 2020 pending. But allstate is probably giving back only a fraction of the money.
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