LOS ANGELES, May 8, 2020 / PRNewswire-PRWeb / – Most auto insurance companies return billions of dollars to their customers. This happens due to the COVID-19 pandemic. Statistics show that travel has decreased by about 50% since the on-site refuge limitation began. Drivers can expect to receive relief at any time between today and June, depending on the insurer. Regardless of the method chosen by the insurer to offer relief, it will be automatically applied to customer accounts.
Auto insurance companies offer reimbursement in three different ways:
Refunds. Auto insurance companies such as Allstate, Liberty Mutual, American Family, AAA, Nationwide and others offer refunds ranging from $ 50 per covered vehicle to 15-25% of a customer's premium.
Credits. This is another method used by auto insurance providers to offer relief to interested customers. The main insurance providers such as State Farm, Geico, MetLife, Mercury Insurance and USAA are among those that give credits between 15 and 25%.
Temporary premium reductions. Some insurers are helping their customers by offering a temporary premium reduction for the months of April and May. Among these suppliers, there is farmers' insurance.
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