The coronavirus pandemic is in full force. With lock down and stay at home orders in place all around the United States there are fewer drivers on the road. Fewer drivers on the road means fewer accidents.
Many auto insurance companies have said they will return millions of dollars in premium back to their policyholders. This list includes Liberty Mutual, Safeco, Allstate and Ecompass, Progressive and Travelers. Many other auto insurance companies are expected to follow suite in the coming weeks.
Most companies are returning a 15% credit of your monthly premiums, and they are returning two months of premium. So, for example, if you pay $100 a month for your auto insurance, you would get a refund of $30.
If you are insured by one of these companies, there is likely nothing you need to do to get this refund. Most companies will send you a check or deposit the refund into the account you use for automatic payments. Refunds should start being sent out by the end of April.
Auto insurance companies are also stepping up to the plate to help during these stressful and unprecedented times. Many companies are offering very flexible payment options. Most carriers are suspending cancellations of policies and most are willing to work with you to make other payment arrangements. So if you are having a difficult time paying your insurance bills, reach out to your insurance carrier to make arrangements.
Below we will list each insurance company we know that is offering help and refunds with a link to more details. We’ll continue to update the list as more companies come on board to help their policyholders. Please reach out to us if you have any questions, we’re always happy to help!
Safeco/Liberty Mutual- Click here.
Allstate- Click here.
Gieco- Click here.
Progressive- Giving a 20% refund! Click here.
Travelers- Click here.
Mercury- Click here.