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Coronavirus Response: With Fewer Drivers On The Road, Insurers Including State Farm, Progressive Offering Auto Policy Credits – India Gone Viral

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BALTIMORE (WJZ) — With millions fewer Americans hitting the roads amid the coronavirus pandemic, there are fewer vehicle crashes happening and that means money back for insurance companies and customers.

A number of insurance companies, including State Farm and Progressive, are giving customers bill credits since many drivers aren’t taking their vehicles out of the garages.

CORONAVIRUS RESOURCES: 

Here’s a breakdown of what some major insurers are doing:

Allstate: Allstate is giving more than $600 million back to auto insurance customers in April and May. The average customer will see 15 percent of their money back for their April and May premiums.

Customers facing financial hardships can also request a payment plan that will delay payments for 60 days with no penalty.

More details are available on the company’s website here.

American Family Insurance: American Family is giving customers a one-time payment of $50 per personal vehicle they have insured. The company said in total, it will return about $200 million.

For more information, click here.

ERIE Insurance: ERIE plans to implement a five percent reduction in auto premiums totaling around $200 million for its customers….



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