Coronavirus News – Car Insurance Companies Help Drivers Save Money

LOS ANGELES, CA / ACCESSWIRE / May 27, 2020 / With more than 1,7 million confirmed cases and over 100.000 deaths, the US is by far the country who suffered the most from the ongoing coronavirus outbreak. The country has entered in lockdown, with social distancing rules being enforced. That means that numerous businesses were also closed and workers, fired. There are more than 40 million US citizens who lost their jobs.

Without a secure job, policyholders have a difficult time paying for essential insurance services, including auto coverage. To help them out, insurance companies have implemented certain payment plans, including pausing non-renewal cancellations or non-payment cancellations. Furthermore, most insurers have implemented premium refunds programs.

To find out more about available measures for cutting insurance costs and insurance companies' response to the crisis, visit https://compare-autoinsurance.org/car-insurance-companies-help-drivers-pass-through-these-times-of-financial-hardship-caused-by-the-coronavirus-pandemic

Fewer cars on the roads mean fewer accidents and claims. It was expected for insurance companies to provide support to stay-at-home drivers. Insurance companies have issued various support programs, including premium refunds, pausing policy cancelation for non-renewal or non-payment or various payment programs. The following measures were taken for April and May, and may also be available for June if the country remains on lockdown:

Allstate – The company said the average personal auto insurance customer will receive 15 percent back based on their monthly premiums in April and May. The money will automatically be deposited back on the bank or credit card used by the customers to pay premiums or applied as credits to the account.
Farmers Insurance – April auto insurance premiums are being cut by 25 percent. The reduction will be applied automatically on a customer's next bill or, if they are paid in full, a refund will be issued.
Geico – Geico is providing a 15 percent credit for auto and motorcycle policyholders at the time of their renewal from April 8 to Oct. 7. The credit will also apply to new policies purchased during this time. The company said it expects the credits to average about $150 per auto policy and $30 per motorcycle policy. Customers do not need to take any action to receive the credit, which will be applied when their policy renews.
The Hartford – A 15 percent payback will be given on two months' worth of premium for all customers with an active auto policy as of April 1.
Liberty Mutual – Personal auto insurance customers will receive a 15 percent refunds on two months of their auto premiums. The refunds will be made in the manner as the most recent customer payment or by check. Refunds will happen automatically in the coming weeks.
Progressive Insurance – Customers will receive a 20 percent credit for their April and May premiums. The credits will automatically be applied to their accounts in May and June.
Nationwide – Customers will receive a one-time premium refund of $50 per policy. Timing will vary by state.
State Farm – State Farm will be providing an average of a 25% policy credit. The company will give customers $2 billion in rebates for those who have auto insurance policies with the company from between March 20 to May 31. Credits will be automatically applied, with most arriving in June. Customers will receive an average of 25 percent of their premiums, depending on where they live.
USAA – Members with auto policies in effect as of March 31 will receive a 20 percent credit on two months of premiums.
Travelers – The company will refund 15% credit on April and May premiums to customers with personal auto policies in force any time between April 1 and May 31, 2020
Mercury – 15% savings for April and May 2020 All personal auto policyholders with an active policy are eligible No action needed and policyholders will receive money automatically.
Amica Mutual Insurance plans to refund 20% of April and May premiums.
American Family Insurance customers will receive a one-time refund of $50 per vehicle.
Auto-Owners Insurance is giving policyholders a 15% premium credit for April and May.
Chubb is providing a 35% credit for April and May premiums, plus potential additional discounts as the situation warrants.
Country Financial is giving a 15% refund for two months of premiums.
Erie Insurance is seeking approval to reduce premiums in the 12 states where it writes policies.
Hanover Insurance is providing 15% refunds for April and May premiums.
The Hartford Insurance is crediting their customers with 15% of their April and May premiums.
Metlife is crediting its auto insurance customers for 15% of their April and May premiums.
Safeco auto insurance customers will receive a 15% credit for two months of premiums
Travelers is providing a 15% credit on their April and May premiums

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

"Car insurance companies helped their clients by providing various refunds or support programs in April and May. The same measures are expected to be kept active in June" said Gurgu C, Project Manager of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org/

SOURCE: Internet Marketing Company

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