Car insurer to lower costs during COVID-19 pandemic – KTRK-TV

18April 2020

HOUSTON, Texas (KTRK)– With the majority of the country remaining at home, people are driving less which is minimizing the possibility of traffic crashes.In response, some insurer are offering motorists a break on their car insurance premiums.

The Customer Federation of America and Center for Economic Justice evaluated insurer on the amount and timeliness of premium relief, with a report card.Insurance companies have revealed refunds or credits to drivers worth more than$ 6.5 billion, that accounts for 82% of the vehicle policies offered in the U.S.American Family Insurance coverage got an A. It’s providing an immediate$50 refund for each vehicle.Shelter Insurance got a B +for covering 30 %of clients premiums for April

and May.Allstate got a B for its 15% discount for April and Might.

And State Farm, the nation’s biggest automobile insurance company got an A. Starting in June
, it’s giving credits that total up to a 25 %reduction in costs from March 20 through May 31. That will$ 20 per month, per vehicle.Among the companies that scored improperly: Geico, with a D-. It has assured $2 billion in relief, however it’s needing customers to renew their policies prior to seeing any cost savings. ABC13 connected to Geico for a declaration, however did not get a response.In the majority of these cases, you don’t need to do anything to get the cash back or discount rate. You will see the credit or refund on your next bill.Follow Katherine Whaley on Twitter And Facebook to stay ahead of traffic tie-ups. Copyright © 2020 KTRK-TV. All Rights Reserved.Source:

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