COVID-19 - Auto Insurance Premium Relief
Updated: Apr 10, 2020
In addition to working with customers that are experiencing a financial hardship to amend payment plans and temporarily pause cancellations, many carriers are now offering insureds premium credit on their Auto Insurance due to customers doing their part to stop the spread of COVID-19. Staying home has resulted in many driving fewer miles, decreasing the amount of auto claims.
As we hear from carriers, we will post more information here.
Progressive - Introduces "Apron Relief Program" Personal Auto Premium Credit. We’ll offer the same 20% credit to active personal auto customers at the end of April and end of May, and we may offer additional credits in the upcoming months.There’s nothing you need to do. We’ll automatically calculate your credit at the end of each month, and then you’ll see it reflected in your account within a few weeks. Subject to State Regulators. Learn more here
Travelers - Launches Stay-At-Home Auto Premium Credit Program. This program will automatically give US personal auto insurance customers a 15% credit on their April and May premiums. If you have already paid in full, a refund will be issued to your method of payment. Subject to State Regulators. Find out more here
Safeco Insurance - Announces Personal Auto Customer Relief Refund. Personal auto insurance customers will receive a 15% refund on two months of their auto premiums, as of April 7, 2020, pending regulatory approval. Find out more here
Mercury Insurance - Private Passenger Auto Giveback Program. Mercury plans to giveback 15% of monthly premiums for April and May 2020. This applies to all Mercury Private Passenger Automobile policy holders. Customers will receive their Givebacks in the same manner their premiums were paid. As soon as we receive guidance and approval from the Department of Insurance, we expect to begin processing the payments.
Plymouth Rock Assurance (formerly Mapfre of New York). Subject to regulatory approval, the company will apply a 25% premium credit on Liability and Personal Injury Protection Coverages to all existing and new auto insurance policies, and will voluntarily waive comprehensive and collision deductibles for any health care worker involved in an accident while driving to and from work, or in the line of duty. Read more details in their press release.