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Coronavirus car insurance refunds: Which companies are refunding money due to COVID-19?

Today 9:50 AM
economic impact on coronavirus on Coastal Alabama

Alabama State Route 59 is often bustling with motorists. But little traffic could be found on Monday, March 30, 2020, amid the coronavirus crisis has led to a widespread business closure and uncertainty in Coastal Alabama. (John Sharp/jsharp@al.com).

 
 
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Stay-at-home orders due to coronavirus means people are driving less and the drop has been significant.

According to tracking group Arity, the total number of miles traveled is down more than 50 percent countrywide. Travelers began changing their behaviors within a week of March 8, the data shows, just as coronavirus restrictions began spreading across the country. As a result of fewer cars on the road, several major insurers are offering rebates to their customers.

Here’s a roundup of insurers offers rebates. The list will be updated as more are announced.

Allstate – The company said the average personal auto insurance customer will receive 15 percent back based on their monthly premiums in April and May. The money will automatically be deposited back on the bank or credit card used by the customers to pay premiums or applied as credits to the account.

Farmers Insurance – April auto insurance premiums are being cut by 25 percent. The reduction will be applied automatically on a customer’s next bill or, if they are paid in full, a refund will be issued.

Geico – Geico is providing a 15 percent credit for auto and motorcycle policyholders at the time of their renewal from April 8 to Oct. 7. The credit will also apply to new policies purchased during this time. The company said it expects the credits to average about $150 per auto policy and $30 per motorcycle policy. Customers do not need to take any action to receive the credit, which will be applied when their policy renews.

The Hartford – A 15 percent payback will be given on two months’ worth of premium for all customers with an active auto policy as of April 1.

Liberty Mutual – Personal auto insurance customers will receive a 15 percent refunds on two months of their auto premiums. The refunds will be made in the manner as the most recent customer payment or by check. Refunds will happen automatically in the coming weeks.

Progressive Insurance – Customers will receive a 20 percent credit for their April and May premiums. The credits will automatically be applied to their accounts in May and June.

Nationwide – Customers will receive a one-time premium refunds of $50 per policy. Timing will vary by state.

State Farm – State Farm will give customers $2 billion in rebates for those who have auto insurance policies with the company from between March 20 to May 31. Credits will be automatically applied, with most arriving in June. Customers will receive an average of 25 percent of their premiums, depending on where they live.

USAA – Members with auto policies in effect as of March 31 will receive a 20 percent credit on two months of premiums.

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2 hours ago, ManOnManOral said:

Allstate in canada said they are sending us a refund cheque. Not sure on the amount. I really like Allstate, best insurer we have ever had.

stop, just stop! we have commie ICBC that fucks us in the ass out here. we dont want to hear about ........  OH FUCKING CHRIST!!!! FUCKING CUNTS. oops sorry

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1 hour ago, mtnloverxtreme2 said:

stop, just stop! we have commie ICBC that fucks us in the ass out here. we dont want to hear about ........  OH FUCKING CHRIST!!!! FUCKING CUNTS. oops sorry

My like for them is relative. Relative to the rest here in Ontario. I am pretty sure we get raped harder than does BC.

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