Raleigh, N.C.— COVID-19 stay-home orders suggest less traffic on streets.
Some vehicle insurance providers are taking notification and action. WRAL’s 5 On Your Side talked to eight of the biggest insurer and found some are using discounts … and the trend appears to be spreading out.
Allstate is repaying 15% off regular monthly premiums for April and May. The business states more than $600 million will be automatically credited to consumer accounts used for payment.
USAA states it’s giving back $520 million dollars through a 20% credit on two months of premiums. Client policies need to have been in impact since March 31.
5 In your corner spoken with a consumer who in fact called USAA previously today and was given a $10 dollar monthly credit. GEICO announced it will credit 15% of policy expenses on renewals through October.
State Farm told 5 On Your Side they’re considering how finest to ‘return value to … policyholders.’ A spokesperson informed us a decision is anticipated by the end of the week.
Other insurers, NC Farm Bureau, Nationwide, Amica and Progressive are offering to postpone a payment due date if you’re experiencing hardship.
You must call your business and inquire about choices.