Car Insurance Refunds

[festeringZit]

[h=1]Report Card to Date on the $6.5 Billion+ Promised To Auto Insurance Customers as People Drive Less Due To COVID-19[/h][h=4]An “A” for State Farm, a “D-“ for GEICO; Insurance Experts Discuss What’s Good, What’s Not, and What Still Needs to Be Done for Consumers[/h]
The top five programs established to date are:

1. State Farm (A), which has promised an immediate dividend to customers that accounts for about 25% of premium for the period of March 20 through May 31.
2. American Family (A), which is providing an immediate $50 refund for each vehicle, equal to an average of 21% of premium for April and May. American Family also gets credit for early action.
3. Shelter Insurance (B+), which is covering 30% of customers’ premium for April and May.
4. Tennessee Farmers (B+), which is providing approximately 24% per vehicle covered for April and May.
5. Allstate (B), which is providing 15% for April and May but gets credit for early action.

Among the companies that have announced a response to the COVID-19 crisis, the worst scores went to Erie and GEICO:

1. Erie (F), which claims to be providing customers with $200 million in relief, but is actually only promising to cut rates sometime in the future.
2. GEICO (D-), which has promised over $2 billion in relief is requiring customers to renew their policies before seeing savings, so only those renewing over the next two months, about one-third of GEICO’s policyholders, will see any savings during the Stay at Home orders currently in effect.

<time class="updated" datetime="2020-04-13T11:32:29-04:00" style="color: rgb(51, 51, 51); font-family: aktiv-grotesk, Arial, Helvetica, sans-serif; font-size: 16px; font-weight: bold; letter-spacing: 0.2px; box-sizing: border-box;">April 13, 2020</time> | Press Release


https://consumerfed.org/press_relea...stomers-as-people-drive-less-due-to-covid-19/

 

[TheFalls]

Allstate car insurance went down while home insurance went up about the same amount. :wink:

 

[festeringZit]

Allstate car insurance went down while home insurance went up about the same amount. :wink:

What's their excuse for that?

 

[Seymour]

When do I get my refund - I have USAA - they're gonna mail me check or give me a credit?

 

[Mr_Mark]

my mercury ins just increased by +$50
kth)(&^

 

[TheComputerGroup]

Nationwide? Bastards, lol

 

[TomGshotput]

When do I get my refund - I have USAA - they're gonna mail me check or give me a credit?

USAA is 20% off for two months (I guess either March and April or April and May). They are calling it a credit, not a refund. I interpret that to mean when I go to pay my for my next six months in August it will be 10% cheaper; if you pay 12 months at a time, it will be 5% cheaper; if you pay month to month, you'll get 20% off twice. They say no action necessary and they're usually easy to get on the phone. Anyone else with any reports?

 

[TheFalls]

What's their excuse for that?

not sure...but not complaining. my home insurance went down over 25% last year after replacing my roof..so it's all good still. In Dallas...where you know Texas rates are sky high. It's now $1550 annually for a $400K house. Standard 1% deductible.

 

[kidman232]

Aaa giving 20% refund after saying they werent doing anything to start

 

[THawk+]

Got the refund on my car insurance but landlord raised my rent WTF does that during this time

The guys is elderly and is a nice guy but seems he is out of touch with what is going on.
May have to bust his balls some and tell him I will have to delay my payment since I have not been working or getting any unemployment