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But hey it s still some money back and it s likely that other insurance companies follow suit.

Insurance companies giving back money. Car insurers are giving billions back to drivers. Car insurance companies are giving people money back since no one is driving. Auto insurance companies including allstate geico and liberty mutual said they will give policyholders millions of dollars back because americans are driving less during the coronavirus pandemic. Most of us aren t getting 50 of our premiums back.

The funds being paid back to customers are but a fraction of what these companies are saving on claims and this move is clearly an effort to win some good pr in the midst of a crisis. But the industry is saving even more during the pandemic even after subtracting the payments being made to policyholders. Insurance companies need to extend this payback indefinitely. Several insurance companies giving back millions to customers there s been a trend in the last couple weeks of insurance companies refunding millions of dollars to their policyholders due to the.

State farm and other car insurance companies are giving refunds due to coronavirus how you can get yours published. More companies may join the bandwagon and the specifics vary from one provider to another so be sure to check with an insurer s website or your insurance agent for further details. Two companies announced they plan to give back about 800 million to their customers since people are driving so much less right now. State farm the biggest auto insurer in the country said it expects to make a decision on a.

Even if we re out and about in a month or so which i don t think we will be.

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