These companies are issuing credits back into your bill due to lack of transportation from the “shelter-in-place” . Please keep an eye out or contact your provider for any questions. I have posted statements/news below for each
StateFarm Insurance
On average, State Farm Mutual auto customers can expect to receive a credit of about 25 percent of premium for the time period March 20 through May 31; exact percentages will vary by state. Every State Farm Mutual auto insurance customer will receive credits applied against bills beginning as early as June. We’ll continue to monitor our loss experience and respond appropriately. See commercial below
AllState Insurance
SHELTER-IN-PLACE PAYBACK
- On average, personal auto insurance customers will receive 15 percent money back based on their monthly premium in April and May.*
- Allstate will automatically deposit money back to the bank or credit card account used for payment, or apply credits to accounts, depending on customer preferences. Please check your payment information to make sure it is up to date.
- Customers can get payment faster through the Allstate Mobile App. And, since our lives have become more digital, we are providing free identity protection for the rest of the year, also through the App. Payments for the Shelter-in-Place Payback will occur during the months of April and May for our auto insurance customers.
- More info –> https://www.allstate.com/covid.aspx
Farmers Insurance
A message from Farmers Insurance CEO. They will be reduce auto insurance premiums by 25% for the month of April. They may do the same for May and June if conditions are still the same.
Geico Insurance
The GEICO Giveback Credit
GEICO is providing a 15 percent credit to our auto and motorcycle policyholders as your policy comes up for renewal between April 8 and October 7, 2020. The credit will also apply to any new policies purchased during this period. The credit is part of our ongoing efforts to assist policyholders during this unprecedented time.
The average auto policy has a semi-annual premium of about $1,000 and generally covers more than one vehicle. This means we expect credits to average about $150 per auto policy and $30 per motorcycle policy. We estimate the benefit to our 18 million auto and one million motorcycle policyholders to be approximately $2.5 billion.
Current policyholders can expect to see the credit when your policy renews. You do not need to take any action to receive this credit.
Liberty Mutual Insurance
Personal Auto Customer Relief Refund
Fewer drivers are on the road, which means fewer accidents. With this in mind, we are announcing our Personal Auto Customer Relief Refund, which will return approximately $250 million to our customers. Here’s how it works:
- Personal auto insurance customers will receive a 15% refund on two months of their auto premium, based on your premium amount as of April 7, 2020.
- We are planning to issue the refund in the manner you made your most recent payment or by check.
- We will begin issuing refunds in the coming weeks, after we have approval from state insurance regulators.
- Your refund will happen automatically, and you do not need to call us to get your refund.