Some Auto Insurers Are Sending Refunds To Customers As Crash Rate Falls

Josh Edelson/AFP via Getty Images, as Americans stay home to avoid spreading the coronavirus. Less driving means fewer car crashes. Fewer car crashes means big savings for auto insurers.Allstate is going to send out some. All 18 million drivers with Allstate auto policies will be receiving 15% of their premium, credited to their bank account, credit card or Allstate account.

"This is about fairness," Allstate CEO Tom Wilson said Monday, noting that driving mileage is down 35% to 50%, even in states that do not currently have shelter-in-place orders."This is about doing it and not waiting to be asked." Allstate is also offering free identity protection to all U.S. residents, saying the sudden rise of virtual meetings and classes — in fact, virtual versions of virtuallyAmerican Family Insurance, a smaller company, will be sending checks of $50 per car to more than 2 million customers. All told, American Family hasChief Operating Officer Telisa Yancy said American Family is acting"out of responsibility to our customers.

Some other insurers, while not yet offering across-the-board pandemic rebates, can adjust premiums on a case-by-case basis for drivers who are suddenly not driving.Allstate reports that while accidents are less frequent, the crashes that do occur seem to be more severe. The likely culprit? Speed: Drivers can go faster than usual on pandemic-emptied streets.

Has anybody told GEICO or State Farm about this?

Let’s hope that the other insurers follow suit.

USAA USAA_help Any plans to also do this?

I’m sure Progressive will inexplicably find a way to charge more.

Hey Travelers what about us? Haven’t used my car in a month. Literally.

I am not going to hold my breath waiting.

Nationwide please make this happen.

We live on Scottsdale Road where there are are frequent car accidents, mostly due to speeding sports cars and motor cycles. Fire trucks and police were regularly going to accidents day and night. Now we rarely hear a siren. MayorJimLane

Progressive, long time customer here, would you by chance have contact information for Allstate? I'd like to see what their rates are

Interesting

I haven’t heard anything from Progressive....

Love the ethics of repatriating money when not used. More companies need to follow the example.

Uh, hello AAACares what are you doing for your members?

Who likes this trend?

Ah-hem...Hey Nationwide , hey.

rootinsuranceco

Progressive too greedy and ignorant to follow suit.

Hey GEICO - what about matching this?

Cool.

geico Please!

My auto insurance actually went up this month for some reason...

AAAnews Anytime you want to join...

Cc USAA

LibertyMutual ?

Warren, how about GEICO (which originated as the Government Employee Insurance Company)?

GEICO? StateFarm?

This is great. A public relations layup!

Progressive Y’all want to look like a nice company for once?

Hey HoraceMann you getting in on this too This teacher would appreciate it since all my side hustles are cancfor the forseeable future.

StateFarm ? 😁😁😁

Will Personal Injury Lawyers now be eligible for a bailout? No car accidents, no injuries, no lawsuits - no attorney’s fees

StateFarm where you at?

There’s no laugh emoji like on FB, therefore:

This is just a public relations stunt. When the going to send a dollar? And then they will Jack I'm right backup. Don't waste your time with the story

Online I changed the mileage of my coverage. Saved some cash.

PUREinsurance

Wya GEICO GEICO_Service

Hey erie_insurance

Geico?🙄 Anyone, anyone 🤷🏻‍♀️

I guess I know who my new insurance provider will be! State Farm?

StateFarm wanna follow suit? 😄

I got the email from Allstate today—this is great news!!

NPR should pass along that $75 million it got in the coronavirus bill? Has NPR no shame? DefundNPR

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