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Insurance Premium Discounts, Other Accommodations Offered During Coronavirus Crisis

April 24, 2020

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The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most discounts are for personal lines auto customers, however a number of carriers are also targeting business customers.

According to the Insurance Information Institute, these and other auto insurers have announced refunds, discounts, dividends and credits totaling $8.1 billion. III estimates that this total will reach $10.5 billion as more auto insurers announce their offers.

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