A growing number of auto insurance companies is offering payback or discounts to drivers during the coronavirus pandemic.
With most Americans advised to stay home as much as possible, street traffic across the nation has plummeted.
Allstate announced a plan Monday to return millions in auto insurance premiums to drivers. By Wednesday, companies like American Family and Geico had joined the group.
Thursday morning, Mercury Insurance and Farmers/21st Century announced their intentions to return money to their customers.
Here is a list of the large insurance companies we know are giving back to customers on personal auto insurance policies and how much they’re offering.
Allstate: 15 percent debit or credit payback on April and Map premiums
American Family: $50 per vehicle insured
Farmers/21st Century: 25 percent reduction in April premium
Geico: 15 percent credit on renewal between April 8 and Oct. 7; pausing cancellations for non-payment through April
The Hartford: 15 percent credit on April and May premiums
Liberty Mutual: 15 percent refund on two months of premiums
Mercury Insurance: 15 percent credit on April and May premiums
Nationwide: $50 refund per policy
Safeco: 15 percent refund on two months of premiums
State Farm: 25 percent credit on premiums from March 20 through May 31
Travelers: 15 percent credit
USAA: 20 percent credit on two months of premiums
If you don’t see your insurer on our list, check with your agent. And if you know of an insurer offering payback that is missing from our list, send me an email at [email protected].
