You have probably heard by now in the news that various auto insurance companies are giving policyholders refunds and relief due to the COVID-19 spread. Sheltering in home has led to a lot of people driving much less than they typically do. Fewer drivers on the road mean fewer accidents.

Iscential has complied a list updated 4/9/20 of auto insurance companies participating in relief. Iscential represents many of these insurance companies and is glad to see the action these companies are taking to help their policyholders.

Check out the list below!

Here is a list of the large insurance companies we know are giving back to customers on personal auto insurance policies and how much they’re offering.

Allstate: 15 percent debit or credit payback on April and May premiums

American Family: $50 per vehicle insured

Chubb: 25 percent for customers renewing between April 1 and August 1

Chubb commercial: 15 percent reduction for commercial auto policies. Chubb has committed $1M in gift cards to support our small business food service and restaurant clients.  We will be purchasing gift cards from our restaurant and food service clients and distributing them to Doctors, Nurses, Police, Fire and EMT workers. 

Farmers/21st Century: 25 percent reduction in April premium

Geico: 15 percent credit on renewal between April 8 and Oct. 7; pausing cancellations for non-payment through April

The Hartford: 15 percent credit on April and May premiums

Liberty Mutual: 15 percent refund on two months of premiums

Mercury Insurance: 15 percent credit on April and May premiums

Nationwide: $50 refund per policy

Progressive: 20 percent credit on April and May premiums

Safeco: 15 percent refund on two months of premiums

Safeco & Liberty Mutual: Have donated $1,000,000 in emergency community grants. See the story here.

State Farm:
 25 percent credit on premiums from March 20 through May 31

Travelers: 15 percent credit

USAA: 20 percent credit on two months of premiums

If you don’t see your auto insurance company, keep an eye out for them to make an announcement. Allstate was the first insurance company to start and now many others have followed their lead. 

Looking for help?

Iscential is an independent insurance agency. If you are looking to improve your current insurance situation whether it’s for your car, home, business, or yourself. We have a solution for you. 

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Iscential will continue to monitor ongoing developments related to the coronavirus (COVID-19), please know that nothing will compromise our commitment to take care of customers like you and the things you trust us to insure. We remain available to provide the same level of service you have come to expect. Please advise our office if you want to submit any claim for coverage with your insurance companies.   For further assistance and help navigating your business through COVID-19 head to the Small Business Administration’s website here to find what resources are available for your business.