Because the novel coronavirus pandemic has had most of the states in the country on stay-at-home orders, there are far less people driving the road. If there are any, the drivers of those vehicles are either essential workers or people doing grocery store or pharmacy runs.
Depending on what state you live in, stay-at-home orders could have been going on for at least one month now. Since there are far less people driving, two auto insurance companies – Allstate and American Family Insurance – have said they will be giving back $800 million to their customers.
Allstate’s CEO Tom Wilson said, “Given an unprecedented decline in driving, customers will receive a Shelter-in-Place Payback. This is fair because less driving means fewer accidents.”
Allstate announced the Shelter-in-Place Payback on social media on Monday (April 6) and will apply to customers in all 50 states and Canada, regardless of if their state has stay-at-home orders. The company will give their customers back 15% of their April and may premiums, totaling more than $600 million.
https://www.facebook.com/Allstate/photos/a.438815100328/10160133782950329/?type=3&__xts__%5B0%5D=68.ARAP1sTt3QUYqq7fjnIx_CEGZrgL_fDusnF92d_bqe5_61ycC-ESucyo4k1hnuqrFx3aaBssHTBfzLC7o7hMG73npOP6YW3H6OOyUTSIeWZFOGZv4tgqGTt-UvBCNy8iU_EvXTFgW5uFYnvfxOnzKOqQDhw-jOb_Llg6s-i0WnGf3jIgtD__JwQvyZMNCnlMQDO9D7kyFTYlkYEZ33lNVC0IDsjg6RSXrvuf94DlJTjc2_cQcZaQJoWyZn5Cww9aG9msZrR2VJ1faiHXte_gsM4XcEdN3E9P5nT_z_jabNWHo6FL4aB1y_0Sz2RRwWBUKRc3vtdol85qfYC3Mw&__tn__=-R
Along with the Shelter-in-Place Payback, Allstate will work with customers whose income has been affected by the virus and is offering Identity Protection now that our lives have moved more online.
To see more info about this from Allstate, click here.
American Family Insurance, which serves customers in 19 states, announced on their official Facebook page that they will give back approximately $50 per car that is insured, which comes to $200 million.
https://www.facebook.com/amfam/posts/10158172886608428?__tn__=-R
Hats off to these companies helping out their customers during this time!