Here’s The Entire List Of Auto Insurance Companies Offering Refunds To Customers

As social distancing continues, finances have become a larger concern for many. Some people are out of a job or are on a leave of absence for everyone’s safety. This can put a HUGE damper on your finances.

Thankfully, some auto insurance companies are offering refund customers during these hard time. And we are SO appreciative!

Allstate

Allstate has announced that they will do a “Shelter in Place Payback” which will end up having them pay back their customers over 600 million dollars between April and May. They stated that the average return customers will get is 15%, but that it will be based off of their monthly premium during those two months. The money is to be automatically deposited back into the customers payment method or put on the customer’s mobile app, depending on the customer’s preference.

Farmers Insurance

Farmers Insurance is reducing the cost of their customers’ premium cost by 25% for the month of April.

Geico

Geico is giving a 15 percent credit to their auto and motorcycle policyholders for policies that have a renewal between April 8 and Oct. 7, 2020. The credit will also apply to new policies which are purchased during that time.

Liberty Mutual

Liberty Mutual have created a “Personal Auto Customer Relief Refund” saying it they give back around 250 million dollars to their customers. Personal auto insurance customers will get a 15% refund on two months of their auto premium, based on the premium amount as of April 7, 2020. The refund will happen automatically and will be issued throuh the customers’ most recent payment option or by check.

Nationwide

Nationwide is offering their customers a one-time premium refund of $50 per policy for personal auto policies active as of March 31, 2020. The refunds will be automatically credited to the customers’ most recent payment method within the next 30 days.

Progressive

Progressive stated that any active personal auto policies at the end of April will receive a credit for 20% of their April premium. They also stated that they will offer the same credit to active personal auto customers at the end of May and may even extend the same credit in upcoming months.

State Farm

State Farm will be refunding up to 2 billion dollars to their auto insurance customers. Customers should see the dividend appear as a credit on their auto policy.

USAA

USAA will be returning 520 million dollars to their members. Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums.

We hope that you all are staying safe during these crazy times and hopefully your auto insurance company was listed above so you get a l=nice refund!