Personal auto insurance customers will receive a 15% refund of two months of their annual auto premium as of April 7, 2020, pending regulatory approval.
The refunds will begin in April and will be issued either by check or in the manner the customer made their most recent payment
The payments will happen automatically. Customers do not need to call Safeco to receive the refund
Stay-at-Home Auto Premium Credit Program, which will automatically give U.S. personal auto insurance customers a 15% credit on their April and May premiums
Customers who pay by monthly installments will receive the automatic credit on future bills
Customers who have already paid their billing account in full will receive a direct payment. We are working with regulators to obtain all the necessary approvals
Subject to approval by state regulators, Progressive personal auto customers who have a policy in force as of April 30 will be credited 20% of their April premiums in May and personal auto customers with a policy in force as of May 31 will be credited 20% of their May premiums in June
Customers will not need to take any actions to receive the benefits. The credits will be applied automatically to the customer’s policy and those customers who have paid in full will receive a payment of the credited amounts
If they have a balance on the policy, we’ll apply the credit directly to the remaining balance.If they’ve already paid in full, we’ll return the money to the payment account we have on file
Grange will be returning a portion of premium to personal auto policyholders in the form of a 25% refund for the months of April and May
All Grange Insurance personal auto customers who have policies in force between April 1, 2020, and May 31, 2020 will receive refunds. The exact method of calculating the 25% refund is being reviewed and will be submitted to each state’s DOI for approval
Grange intends to issue a refund to all personal auto customers, including those who have paid in full
Pending State Approval: Dividend to be paid out as well as overall rate reduction
This dividend payout will be paid to personal and commercial auto (fleet and non-fleet) insurance Customers with policies in force as of April 1, 2020.
The dividend payout represents about 30 percent of two months’ auto insurance premium for an eligible Customer. That translates to 5 percent of a Customer’s annual premium
Customers will receive a single check for the dividend in the mail in mid-May
Erie will be offering a rate reduction to all personal and commercial auto policies pending regulatory approval
The adjustment will be applied automatically at renewal
We currently do not know when the rate reductions will start
All Nationwide insureds will receive $50 credit
Direct Billed customers will receive a check in the mail.
Automatic EFT will be deposited into the account it is drafted from
Automatic credit card will be deposited back to the credit card
Western Reserve Group
Pending regulatory approval, Western Reserve isreducing rates. They are lowering premiums by more than $3.7 million for personal auto policyholders in addition to the almost $2.0 million in rate reductions offered to policyholders effective March of this year
For the months of April and May, our MetLife Auto customers who are paid to date will receive a 15% credit based on their monthly premiums
COVID-19 Personal Auto Payback Plan: The Hartford will be issuing a 15 percent refund on two months’ worth of premium for all customers with an in force personal auto policy as of April 1, 2020
The Hartford plans to issue payments to customers either by check or direct deposit into the billing account on record. Customers do not need to take any action to receive this credit
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