8 May 2020
Some {auto|car|automobile|vehicle} {insurance companies|insurance provider|insurer} {could|might} return billions of dollars back to {drivers|chauffeurs|motorists} in {response|reaction|action} to the COVID-19 pandemic.
The {Consumer|Customer} Federation of America
{companies|business} that {sell|offer} 82 percent of the {auto|car|automobile|vehicle} {insurance|insurance coverage} in America will be {refunding|reimbursing} or crediting {drivers|chauffeurs|motorists} more than $6.5 billion in the {upcoming|approaching} months.
Stay-at-home orders around the United States {have|have actually} {led to|resulted in|caused} {fewer|less} {drivers|chauffeurs|motorists} on the {road|roadway} and {many|numerous|lots of} {cars|vehicles|automobiles|cars and trucks} {sitting in|being in} driveways, {prompting|triggering} refunds, credits or {reductions|decreases} on premium from {several|a number of|numerous} {companies|business}.
According to
, these {car|vehicle|automobile|cars and truck} {insurance companies|insurance provider|insurer} are {offering|providing|using} some sort of relief:
-AAA: 20% refund {between|in between} for {policyholders|insurance policy holders} with {insurance|insurance coverage} in {effect|impact|result} from March 16 to {May|Might} 15
-Allstate: 15% {discount|discount rate} on premiums in April and May
-American {Family|Household} {Insurance|Insurance Coverage}: $50 one-time payment for each {car|vehicle|automobile|cars and truck} {insured|guaranteed}
-Amica: 20% credit on April and May premiums
-Auto-Owners {Insurance|Insurance coverage}: 15% refund on April and May premiums
-Chubb: 35% {discount|discount rate} on April and May premiums
-Cincinnati {Insurance|Insurance Coverage} and Casualty: 15% credit on April and May premiums
-CSAA: 20% refund on {two|2} months’ premium
-Encova: 15% {discount|discount rate} on April and May premiums
-Geico: 15% percent credit for {auto|car|automobile|vehicle} and {motorcycle|motorbike|bike} {customers|clients|consumers} whose policies {renew|restore} {between|in between} April 8 and Oct. 7 and {new|brand-new} policy purchases {between|in between} that time frame.
-Hanover {Insurance|Insurance Coverage} Group: 15% {discount|discount rate} on April and May premiums
-The Hartford: 15% refund on April and May premiums, {only|just} for policies in {effect|impact|result} {as of|since} April 1
-Liberty Mutual: 15% refund on {two|2} months of premiums, refunds {begin|start} starting April 7
-Kemper: 15% credit on April and May premiums
-MetLife: 15% credit on April and May premiums
-Mercury {Insurance|Insurance coverage}: 15% credit on April and May premiums
-Nationwide: $50 one-time refund per policy {as of|since} March 31; refunds will be credited {automatically|immediately|instantly} within {30 days|thirty days|one month|1 month} to the {current|present|existing} payment {method|technique|approach} on file
-Next {Insurance|Insurance coverage}: 25% {discount|discount rate} on April premiums
-Progressive {Insurance|Insurance coverage}: 20% credit for April premiums for each {car|vehicle|automobile|cars and truck} {insured|guaranteed} {as of|since} April 30; 20% {reduction|decrease} on May premiums for {cars|vehicles|automobiles|cars and trucks} {insured|guaranteed} {as of|since} May 31; credits will be {applied|used} {automatically|immediately|instantly} in May and June
-Safeco: 15% refund on April and May premiums {starting|beginning} April 7
-State Farm: {Most|Many|A lot of|The majority of} {customers|clients|consumers} will {receive|get}, {on average|typically|usually}, a 25% credit {between|in between} March 20 through May 31; {exact|precise|specific} {percentages|portions} {vary|differ} by state; credits will be {applied|used} {automatically|immediately|instantly} as early as June
-Travelers: 15% credit for April and May premiums
-USAA: 20% credit on {two|2} months’ premiums; credits will be {applied|used} {automatically|immediately|instantly}
If your {insurer|insurance provider|insurance company} isn’t {offering|providing|using} a refund or credit, {consumer|customer} {advocates|supporters} {say|state} it’s {a good time|a great time} to {reach out|connect} to them to see what they can do.Source: ky3.com