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The amounts being returned range from about 15 to 25 of premiums for periods as short as a month at farmers insurance group of companies to as long as six months at geico.
Auto insurance premiums returned. Brooks april 13 2020 308 pm moneywatch. California orders car insurers to return premiums to drivers citing traffic drop due to coronavirus. Two auto insurance giants announced they are returning a total of 800 million in premiums to customers during the novel coronavirus pandemic saying people are driving less and they are. The average relief check there will be about 100.
More auto insurance companies are jumping on board allstates move earlier this week to give back up to 600 million in premiums to customers because people are driving less due to coronavirus. Several auto insurance companies like state farm allstate and geico have already voluntarily announced they will return altogether billions of dollars in premiums to customers. Customers will receive 50 per vehicle covered by their policies the company said. Allstate corp one of the largest us.
Auto insurers said on monday it would return more than 600 million in premiums to customers as many americans drive less due to stay at home orders aimed. The auto insurer said it would return a total of 200 million to auto insurance customers beginning in mid april.
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