- Most everyone in the US is under some kind of quarantine or stay-at-home mandate right now as a result of the coronavirus pandemic that’s still raging across the world.
- Staying home more means a corresponding plunge in drivers on the road since people are only supposed to be venturing out to places that have been deemed by government officials as “essential businesses.”
- As a result of the decrease in driving, the insurer Allstate has decided to offer partial refunds to customers for their April and May monthly premiums.
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If you get your car insurance from Allstate, the insurer says you can expect to receive a partial refund of your monthly premium for April and May since most of us are stuck at home right now and not driving anywhere because of the coronavirus pandemic.
The company announced on Monday that it’s returning more than $600 million of its customers’ car insurance premiums in the form of what it’s calling a “Shelter-in-Place Payback.” Allstate came to this decision, according to a call with reporters Monday led by company CEO Tom Wilson, after the insurer found that its customers were driving as much as 50% less in most states. Also, these refunds will apply to 18 million policies issued by Allstate and its affiliated units.
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Allstate is offering partial car insurance refunds since no one is driving right now originally appeared on BGR.com on Mon, 6 Apr 2020 at 14:36:55 EDT. Please see our terms for use of feeds.
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