Auto insurers refunding millions due to stay-at-home policies | Fox News

Allstate and American Family Insurance have begun discounting car insurance premiums since many drivers aren’t using their cars as much due to stay-at-home policies aimed at slowing the spread of the coronavirus. Allstate said most customers can expect a 15 percent refund in April and May, along with holders of Esurance and Encompass policies, while American Family Insurance is returning $50 per vehicle.

The two insurers were the first major companies to institute a blanket refund program, while others, including GEICO and State Farm, are encouraging customers to contact them to discuss their policies based on their new driving patterns.Many insurers have also extended their grace periods for late payments before canceling coverage, and with company policies changing day-to-day in response to the crisis.

Source: Auto insurers refunding millions due to stay-at-home policies | Fox News