(WWJ) You may be driving less lately due to the "Stay Home, Stay Safe" order in Michigan. And even if you're not, you may be getting a credit on your auto insurance.
Many insurance companies are giving money back to their customers amid the coronavirus pandemic; both because people driving around less means fewer claims, and also to help those who are in financial hardship during this time.
Credits range on average from 15% to 25% of your bill, depending on which auto insurance company you have.
Here's a look at who's offering what:
- Allstate will fund about 15% of premiums paid by customers in April and May.
- American Family Insurance will refund about $50 for each personal vehicle.
- Esurance is giving a 15% policy credit during April and May.
- Farmer's Insurance is reducing April premiums by 25% and also pausing cancellations due to non-payment through May 1.
- Geico is giving customers a 15% credit for the next full policy term.
- Liberty Mutual will get a 15% refund on two months of personal auto premiums
- Nationwide is offering customers a refund of $50 per policy that were active as of March 31.
- Progressive is giving customers a 20% credit at the end of April and at the end of May.
- State Farm is returns $2 billion in dividends to auto insurance customers. On average, customers will get a 25% policy credit.
- Traveler's Insurance is giving customers a 15% credit on April and May premium and suspending cancellations through May 15.
In most cases, customers must have an active auto insurance policy and be up to date on payments to qualify. Other exclusions may also apply
Some auto insurance company also say they will waive late fees amid the virus crisis, and expand coverage for customers who use their own vehicles to deliver food or medicine during the pandemic. Other companies may end up offering something, too, and the information above could change at any time, so check with your provider for details.
