Auto Insurance Companies Give Discounts Due To COVID-19 Pandemic

The Coronavirus pandemic is definitely an unprecedented time and everybody is adjusting to this new normal. Although there really are no clear answers as to how long these changes will last, we're all trying to get adapted. Thankfully, several large businesses are doing their part to help by complying with government suggestions and shutting down if not essential. In addition, several gym's have suspended membership fees while we deal with this. Now insurance companies are stepping in to help when it comes to auto insurance.

Several companies have announced that because people are staying home, there are far less drivers on the road, which leads to fewer accidents. Because of this, insurers are able to offer some discounts or provide a slight refund or credit to drivers. USAA announced they would be returning about $520 million in credits to drivers. Farmer's is reducing rates by 25% for the month of April. Progressive is giving a 20% credit to their policy holders. The majority of the large insurance companies seem to have set up something similar in response to COVID-19.

Be sure to check with your insurance company to see what they are doing to support you during the pandemic.