Coronavirus impacts: Will I see money back on my auto insurance?

Coronavirus

TAMPA, Fla. (WFLA) – Millions of Americans are listening to local, state and federal leaders and are staying put during the coronavirus crisis.

That means there are fewer drivers on the roads. According to statistics from Allstate Insurance, miles driven have been reduced by 30 to 50 percent in most states.

As a result, many auto insurance companies are offering customers discounts since claims have gone down dramatically in recent weeks.

“We wanted to get money back into people’s hands. The primary way we’re getting this money back is actually right into people’s bank accounts,” Glenn Shapiro, president of personal property-liability for Allstate, said via Zoom.

8 On Your Side has compiled a list of some of the companies giving discounts or returning partial payments to drivers.

Allstate

Allstate customers on average will receive 15 percent money back based on their monthly premiums in April and May.

Amica:

Amica customers will see a 20 percent credit on April and May premiums. 

Farmers Insurance:

Farmers customers will receive a 25 percent discount on April premiums.

Geico:

Geico customers will get a 15 percent credit for their next full policy term. That is the entire 6 months of the policy.

Progressive: 

Progressive customers will get a 20 percent credit for their April and May premiums. The company says it may offer additional credits in the upcoming months.

State Farm:

State Farm customers, on average, will see a credit of 25 percent on premiums paid from March 20 through May 31. Percentages vary by state.

Esurance:

Esurance says most customers will get a 15 percent payback of monthly auto insurance premiums during April and May.


“All of us, as a leadership team, looked around at each other and said, this is the right thing to do, the fair way to treat our customers,” Shapiro, of Allstate, said.

Allstate is also offering free personal ID protection in 2020, Shapiro said. It is available to anyone, whether an Allstate customer or not, he added. Many people are working from home and are more susceptible to fraud and hacking, Shapiro explained.

8 On Your Side recommends you check with your insurance company for more details on the auto discounts.

“I think it’s a great thing to do,” said Gene Nigrl, a Tampa resident and driver.

LATEST ON THE CORONAVIRUS PANDEMIC:

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Coronavirus Need-to-Know Info

More Coronavirus

Trending Stories

get the app

News App

Weather App

Don't Miss

More Don't Miss