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    Top Insurers Refund Portion of Auto Premiums Amidst COVID-19

    Now, when the traffic blocks are just a ‘memory,’ and with fewer people driving, major U.S. insurers are returning a part of the premium to automobiles. Let the Americans stay at home and reduce the spread of novel coronavirus.

    The insurance companies have come forward to help out their customers as there is a vast reduction in accidents. The major companies and the amount they have offered to return premiums are :

    ALLSTATE CORP
    The company is willing to return $600 million in April and May, announcing their project ‘Shelter-in-Place Payback.’ Customers will receive a 15% payback of their monthly premium in these two months.

    Watch: How Does COVID-19 affect Automotive Insurance sector?

    ERIE INSURANCE
    Company reduced rates in 12 states and is ready to provide $200 million.

    USAA
    Announced it will return $520 million to members and will receive a 20% credit on two months.

    You May Also Like To Read: Ford To Recall 3 Million Vehicles For Air Bags At For A Cost of $610 Million

    Nationwide
    They offer a one-time premium refund of $50 per policy. The company automatically will credit to customer’s next payment.

    American Automotives to Reopen
    American Automotives to Reopen

    Esurance
    The company is giving consumers a 15% refund on April and May through payment or paper check.

    Hari Krishnan
    Hari Krishnan
    Hari Krishnan is a Graduate in Journalism and Mass Communication. He is Very Passionate to write Entertainment news stories online.

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