Has your car been sitting in the driveway for the past three weeks? You might be getting some money because of that.
Citing less people on the roadways and fewer accidents because of stay-at-home orders across the country, auto insurers this week announced that they are sending refunds back to policyholders.
Allstate on Monday sent an email to policyholders saying that most auto customers will get an average payback of about 15% based on their monthly insurance costs during April and May.
“This is fair because less driving means fewer accidents,” said Tom Wilson, Allstate chairman, president and CEO, in a statement.
The company also offered a special payment plan that gives auto and home owners customers with financial difficulties the choice to delay two consecutive premium payments. Some will be able to pay what they can afford.
Esurance, which is an Allstate company, posted a similar message on its website.
Allstate is sending out $600 million to customers, according to a regulatory filing, the Associated Press reported.
Another insurance company, American Family Insurance which operates in several states, but not Pennsylvania, said it will return about $200 million to its policyholders because of less driving and fewer claims.
USA Today reported that State Farm said it is expected to make a decision on premiums this week.
