Car Insurance Savings
A number of companies are offering savings. The car insurance industry just saved $100 million by you not driving. Some are passing the bucks back to you!
Allstate promises that most customers will see a 15 percent rebate on premiums for April and May.
• Amica, a CR recommended insurer, says its customers will see a 20 percent credit on their auto premiums for April and May
• USAA, a CR recommended insurer, says its policyholders will receive a 20 percent credit on two months of premiums in the coming weeks.
• American Family Insurance is providing a onetime, $50 payment for each vehicle insured under a personal auto insurance policy.
• Liberty Mutual and Safeco are providing a 15 percent refund for two months of policyholders’ personal auto premiums.
• GEICO is offering a 15 percent credit to auto and motorcycle policyholders as their policies comes up for renewal.
• Nationwide says it is offering a one-time premium refund of $50 per policy
• Auto–Owners Insurance told CR that it plans to announce a premium refund program in the near future.
• Farmer’s and 21st Century policyholders will receive a 25% reduction in their April premiums
• NJM, a CR recommended insurer, has announced it will refund 15 percent of the equivalent of three months of premium payments to policyholders.
• Chubb, a CR recommended insurer, says that when its policyholders renew their policies, they will receive a credit reflecting a 35 percent premium reduction for the months of April and May, with additional discounts for subsequent months, as the situation warrants.
• Mercury says it plans to return 15 percent of monthly auto insurance premiums to customers in April and May