I received my letter from GEICO late last night. The 15% credit applies to policies renewing between April 8th and October 7. Mine just renewed on April 6, so I will have to wait a while . But, no worries here either way.
Email just arrived from Amica.Amica's policy is to send refund checks if claims are lower than expected (no share holders to grapple with). This next round, I guess the check will be bigger than usual.
Have heard nothing from State Farm. But, they usually only want to increase premiums - not decrease. Not holding my breath.
Farmer's Insurance is reducing auto insurance premiums by 25% for April. They're monitoring the situation and may consider doing the same for May and June, if they feel it's warranted. No word on how this money will come back to us. CC refund? Credit on the next bill?
Here you go -
https://newsroom.statefarm.com/covid-19/
"In an effort to help customers during these challenging times, State Farm Mutual Automobile Insurance Company, the nation’s largest auto insurer, is announcing up to a $2 billion dividend that will go to its auto insurance customers. With schools and businesses closed, and many of us sheltering in our homes, people are driving less right now, so we’re returning value to customers as we anticipate fewer auto claims.
Customers do not need to take any action to receive this dividend, which will appear as a credit on their auto policy.
The dividend is part of the Good Neighbor Relief Program that also includes customer payment options and neighborhood philanthropic relief. This is the single largest dividend paid to customers in our company’s history. As the national leader in auto, home, and individual life insurance, State Farm has the financial strength necessary to help millions of customers and communities recover from the unexpected.
On average, State Farm Mutual auto customers can expect to receive a credit of about 25 percent of premium for the time period March 20 through May 31; exact percentages will vary by state. Every State Farm Mutual auto insurance customer will receive credits applied against bills beginning as early as June. We’ll continue to monitor our loss experience and respond appropriately."
From Safecoersonal Auto Customer Relief Refund
Fewer drivers are on the road, which means fewer accidents. With this in mind, we are announcing our Personal Auto Customer Relief Refund, which will return approximately $250 million to our customers. Here’s how it works:
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Personal auto insurance customers will receive a 15% refund on two months of their auto premium, based on your premium amount as of April 7, 2020.1
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We are planning to issue the refund in the manner you made your most recent payment or by check.
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We will begin issuing refunds in the coming weeks, after we have approval from state insurance regulators.
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Your refund will happen automatically, and you do not need to call us to get your refund.
Here you go -
https://newsroom.statefarm.com/covid-19/
"In an effort to help customers during these challenging times, State Farm Mutual Automobile Insurance Company, the nation’s largest auto insurer, is announcing up to a $2 billion dividend that will go to its auto insurance customers. With schools and businesses closed, and many of us sheltering in our homes, people are driving less right now, so we’re returning value to customers as we anticipate fewer auto claims.
"
[emoji106]On USAA's home page right now:
"USAA to return $520 million to members.
At USAA, serving the military community is our mission. That’s more important now than ever as our members deal with the COVID-19 pandemic. USAA is returning $520 million to members with auto policies. Learn more about this action, special programs, tools and other steps we’re taking to help members during these uncertain times."
From the link it further states:
"Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums in the coming weeks. All told, we're returning about $520 million. You will not need to call or take any other action."
anyone heard from west bend insurance? with my luck probably not.