State Farm, USAA, GEICO, Progressive, Farmers & Allstate Offering Insurance Credits Due to Coronavirus
Last update on 5/4/2020
Are you driving less during the coronavirus crisis? 🚗
With people staying home to slow the spread of COVID-19, many of us are driving a lot less. This means less time spent on the roads and ultimately fewer accidents.
Due to a nationwide decline in driving, many insurers are finding ways to compensate their policyholders by offering them credits, refunds, and various methods of payment relief.
Check out what some auto insurance companies are offering:
- Allstate and Esurance (an Allstate company) are offering a Shelter-In-Place Payback, which will result in most customers being reimbursed about 15% on their monthly premiums for April, May, and June.
- This refund will be automatically returned to the original form of payment, applied as a credit to your account, or issued in a check, depending on how you have your payment preferences set.
- Policyholders can also get free identity protection for the rest of the year through the Allstate app. U.S. residents can receive this benefit when they sign up by May 31, regardless of whether they’re already an Allstate customer.
- Auto, home, and powersport insurance customers facing financial challenges can also request payment relief that delays payments for 60 days with no penalty.
- Allstate and Esurance will now automatically cover customers who use their personal vehicles to deliver food, medicine, and other goods for commercial purposes during the COVID-19 crisis. This protection will be added to policies in all states for the duration of each state’s COVID-19 emergency order. No further action is required on your part.
American Family Insurance is providing its auto policyholders with a one-time $50.00 payment for each personal automobile insured with them. Use AmFam’s Premium Relief Payment Tracker to find out if you have a check on the way!
- Every customer that had an automobile insured with Amica as of April 1, 2020, will receive a 20% credit on their auto premiums for April and May, pending regulatory approval. There is no action required on the part of customers to receive this credit.
- Amica is also offering leniency to customers who are unable to pay premiums as a result of COVID-19 and the company has stopped cancelations and non-renewals of policies. These measures will remain in effect through June 2, 2020.
- ERIE has announced $200 million in dividend payouts to personal and commercial auto insurance customers. You can calculate your payout by taking your annual premium as of April 1st, 2020 and multiply that by .30 / divided by 6.
- Checks will by sent out by mid May. They will be sent out automatically, once approved.
- Esurance is giving a 15% payback to many of its customers for the months of April and May.
- The payback will arrive automatically by the end of the month, to the last method of payment that had been used on your account. A check will be sent if an electronic option is not available.
- To get the payback, you need to have an active auto insurance policy (and have successfully made your initial payment) as of 3/31/20 for the April Payback and as of 4/30/20 for the May Payback.
- No further action is required to receive this payment.
- Personal auto insurance premiums will be reduced by 25% for April and 15% for May on Farmers and 21st Century policies.
- Now through May 21st, Farmers Insurance is temporarily pausing policy cancellations due to non-payment.
- If your due date is on or after May 22, you may be eligible for extending the deadline even further, but you must call 1-888-327-6335 to request an extension. Otherwise, payment deadlines of May 22 and beyond will stay in place.
- GEICO is giving its auto, motorcycle, and RV policyholders a 15% credit on their next 6-month or 12-month policy term. On average, customers can expect about $150 per auto policy without having to take any further action.
- The GEICO Giveback Estimator can help you calculate your credit and the date you’ll receive it.
- Cancellation of coverage due to non-payment and policy expiration has been paused through at least May 31, 2020 or later as directed by your state. This pause is automatic for policyholders, and no further action is required.
The Hartford’s COVID-19 Personal Auto Payback Plan gives policyholders a 15% credit on their April and May auto insurance premiums. If you had an auto policy with The Hartford as of April 1, you do not need to take any action to receive this credit.
Personal auto customers who have a policy with Kemper or Infinity as of April 30 will be credited 15%
of their April premiums in May. Customers with a policy in force as of May 31 will be credited 15% of their May premiums in June. There is no action required on your part, and the credits will be applied directly to your policy (pending regulatory approval).
- Liberty Mutual and its subsidiary, Safeco Insurance, are giving personal auto insurance customers a 15% refund on two months of their auto premiums as of April 7, 2020. Pending regulatory approval, these refunds will be automatically issued either by check or in the form of your most recent payment. No further action by customers is required.
- Liberty is also offering Payment Flexibility Options, including the suspension of late fees and a temporary pause on personal auto and home coverage cancellations due to non-payment. This grace period will last through June 1 or longer, as required by individual states.
- Liberty is also extending payment dates if needed. Please contact your insurer if you are interested in this option.
Mercury Insurance is giving back 15% to it’s customers for two months. In California, the payback start day is March 19th. For all other states it is April 1st. The credit will be applied to accounts in early May. The second credit will be given in early June.
MetLife Auto & Home is halting cancellations of auto policies due to nonpayment through July 1 to offer relief to its customers. Auto customers who are paid to date will receive a 15% credit for April and May based on their monthly premiums.
Nationwide is offering a one-time premium refund of $50 per policy for personal auto policies active as of March 31, 2020. The refund will arrive in the next 30 days, and it will be returned to customers in the last form of payment they used.
- Progressive’s active personal auto policyholders will receive a credit for 20% of their April and May premiums. This credit will automatically be calculated at the end of each month and applied to your remaining balance. If you’re already paid in full, it will be returned to the payment method you have on file. No action is required from policyholders.
- Starting April 1, Progressive paused late fees, collections, and cancellation of any active policies due to non-payments. This leniency period currently extends through May 15, 2020, or longer in accordance with state-specific requirements. Customers are encouraged to call if they need extra time to pay their bills or other forms of billing leniency.
- Progressive is also supporting first responders, health care workers, and delivery personnel by providing expedited roadside assistance, expanding coverage for personal auto customers who are temporarily delivering food or medicine, and providing a full-service claims experience for essential personnel who experience a car accident (including transportation to work or a rental vehicle).
- Personal auto insurance customers will receive a 15% refund on two months of their auto premium, based on the premium amount as of April 7, 2020. No further action is required, as this will be automatic once state insurance regulators have approved it.
- Safeco has stopped charging late fees and has temporarily paused personal auto & home coverage cancellations due to non-payment through June 1, 2020, or later as directed by individual states.
- Shelter Insurance and its subsidiaries (AmShield, Haulers, and Say) will be issuing payments to its policyholders that will amount to about 30% of their personal auto monthly premiums for the months of April and May.
- If a customer paid their premium automatically through a bank account, this refund will be deposited directly into their account whenever possible. Otherwise, a check will be mailed.
- The Shelter Insurance Group will also continue coverage when customers can’t pay their premiums. This policy extends to its subsidiaries as well.
- As part of its Good Neighbor Relief Program, State Farm is offering its policyholders a credit of about 25% of their auto premiums from March 20 through May 31 (exact percentages will vary by state). Customers do not need to take any action to receive this credit.
- State Farm is also offering flexible customer payment options as needed. Customers facing financial challenges are encouraged to call their State Farm agent, who can discuss payment options with them.
- Travelers is giving U.S. personal auto insurance customers a 15% credit on their April and May premiums through its new Stay-at-Home Auto Premium Credit Program. The company will automatically credit customers’ accounts, and no further action is required by customers.
- Travelers is also offering billing relief to customers, including suspending cancellation and nonrenewal of coverage due to nonpayment through June 15, 2020. No interest, late fees, or penalties will be charged.
Every USAA member with an auto insurance policy in effect as of April 30 will receive a 20% credit on a third month’s worth of premiums. This follows last month’s announcement that USAA would provide a 20% credit on two months’ worth of premiums. Policyholders will automatically receive this credit in the coming weeks, and no further action is required.