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Auto insurance refunds coronavirus state farm. April 25 2020 at 258 pm. Now more than 82 of auto insurance companies like state farm geico and liberty mutual are offering policyholders refunds and credits to save money totaling more than 65 billion over the next. The mission of state farm is to help people manage the risks of everyday life recover from the unexpected and realize their dreams. State farm geico liberty mutual and others offer cash back as cars sit in driveways.
State farm is giving customers about 25 back on auto insurance payments made between march 20 and may 31. Its 19200 agents and 59000 employees serve approximately 84 million policies and accounts over 81 million auto fire life health and commercial. Usaa members with auto insurance policies will get a 20 percent credit for two. The company hasnt given specifics on how the payments will be calculated.
State farm announced on april 9 that they would be refunding a 2 billion dividend to auto insurance customers because people are driving less right now so were returning value to. State farm and its affiliates are the largest providers of auto and home insurance in the united states. State farm said it will return up to 2 billion in premiums to its policyholders the latest auto insurance company to reimburse customers due to the coronavirus pandemic.
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