With shelter-in-place, you’re probably driving a lot less than you normally would, right? It looks like most of the major auto insurance providers feel the same way.
With fewer cars on the road, there are fewer accident claims, which means insurers are paying out less than usual. So, many insurance companies are willing to give you some of your money back.
For example, State Farm is giving up to $2 billion back to their customers. One of the country’s biggest insurers, USAA, will be giving back $520 million. Liberty Mutual, Allstate, and Geico will be issuing 15 percent credits or refunds.
Check with your agent to see if you’ll be getting some cash back.
Jack Kulp and Carolyn McArdle talked about it on the air! Listen below...