Many Auto Insurance Companies Issuing Refunds and Credits To Customers – Is Yours on the List?

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In an effort to give their customers a bit of relief during these unprecedented times, many auto insurance companies are giving back refund or credit.

Progessive

Progessive Auto Insurance introduced their Apron Relief Program. If you have an active personal auto policy at the end of April, you’ll receive a credit for 20% of your April premium. We’ll offer the same 20% credit to active personal auto customers at the end of May, and we may offer additional credits in the upcoming months. There’s nothing you need to do. We’ll automatically calculate your credit at the end of each month, and then you’ll see it reflected in your account within a few weeks. If you have a balance on your policy, we’ll apply the credit directly to your remaining balance. And if you’re already paid in full, we’ll return the money to the payment account we have on file—so please make sure your payment details are up to date.

Geico

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.

State Farm

State Farm introduced the Good Neighbor Relief Program. In an effort to help customers during these challenging times, State Farm Mutual Automobile Insurance Company, the nation’s largest auto insurer, is announcing up to a $2 billion dividend that will go to its auto insurance customers. With schools and businesses closed, and many of us sheltering in our homes, people are driving less right now, so we’re returning value to customers as we anticipate fewer auto claims. Customers do not need to take any action to receive this dividend, which will appear as a credit on their auto policy.

Liberty Mutual

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.

Allstate

Allstate introduced the 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 a customers most recent payment, or apply credits to accounts. Please check your payment information to make sure it is up to date.

Traveler’s

Traveler’s Insurance Company is giving U.S. personal auto insurance customers a 15% credit on their April and May premiums.

Nationwide

Nationwide will offer a one-time premium refund of $50 per policy for personal auto policies active as of March 31, 2020. The refund will arrive in the next 30 days, subject to individual state regulatory approval. It will be returned to customers in the last form of payment they have made, whether electronic or paper.

USAA

Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums in the coming weeks. You will not need to call or take any other action.

The Hartford

We’re giving a 15 percent credit on April and May personal auto insurance bills as part of our COVID-19 Personal Auto Payback Plan. Find out more.

esurance

Most customers will get a payback of 15% of monthly auto insurance premiums during April and May. The payback is calculated based on monthly premium, so you’ll get a payback even if you paid all at once. You’ll receive the money electronically to the last method of payment used on your account. If we can’t make the payment electronically, we’ll send a check. To get the payback, you just need to have an active auto insurance policy (and have successfully made your initial payment) as of 3/31/20 for the April Payback and as of 4/30/20 for the May Payback.

Farmer’s Insurance

We’re reducing your car insurance premiums by 25% for April. There’s no need to call, you’re automatically enrolled. More details

American Family Insurance

They have established the Auto Insurance Premium Relief Payments to help our customers by providing a one-time, $50.00 payment for each vehicle insured under a personal auto insurance policy they have with us.

NJM

The NJM Policyholder Relief Program will refund 15% of three months of premium payments to personal auto insurance customers. Policyholders will receive their refunds via check or direct deposit depending on their last payment method. Learn more

Do you use a different company that is not on the list? Mention it in the comments and we will add it in!


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