Have you received a refund from your car insurance company?
Because of the epidemic, many states in the United States implemented the "Stay at home Order". Many people stopped working or changed to work at home computers. Many people stayed at home, which greatly reduced the chance of going out and driving. Naturally, auto insurance claims also fell sharply. More than a dozen insurance companies in the United States have decided to return a portion of auto premiums to customers, totaling more than $7 billion. If you say that the 1200 US dollars bail-out fund may not benefit you (such as high-income families), but this time the auto insurance company's surrender policy, it is estimated that more Americans will benefit. After all, there are more cars than people in the United States. And the insurance company "same treatment", no matter how much your annual income, as long as you are a customer of the company, you can surrender the insurance if you meet the conditions.
Insurance companies participating in the refund of premiums are:
Allstate: The premiums of its customers in April and May are reduced by 15%.
Geico: Renewal or new policy customers can get 15% discount
State Farm: Provide $200 million in dividends to customers, each customer can get about 25% discount
Progressive: A $1 billion refund will be provided, and its personal auto insurance customers will receive a 20% refund.
AAA: Before May 31, its valid policy customers will receive a 20% premium refund for a period of two months.
Nationalwide: Its auto insurance customers will receive a one-time $50 refund.
Mercury: April and May policies will provide a 15% refund.
Farmers: its insured customers will receive a 25% discount on their April policy
Esurance: April and May policies will provide a 15% refund.
Traveler's Insurance: April and May premiums give customers a 15% discount and suspend cancellation of unpaid policies until May 15th.
21st Century: its insured customers will receive a 25% discount on their April policy
American Family Insurance: Provides a refund of $50 per vehicle to its insured customers.
Next Insurance: cut premiums by 25%.
Most insurance companies will refund directly to the bank account where you last paid the premium or have a check in the mail. If you have any questions, remember to contact the agent. If the insurance company you have insured has not yet announced the relevant policies, please be safe, and you can check on the insurance company's official website from time to time.
