topic Re: Insurance rebate due to Coronavirus! in Community Chat

Insurance rebate due to Coronavirus!

Somertime — Sun, 26 Apr 2020 14:39:27 GMT

Allstate is giving me a rebate due to the Corona virus on my auto policy. It was renewed in February 2020 and it was for 6 months. Well, they are sending me a check!! A whole big $ 12.60 which is $ 2.10 a month! Oh boy am I lucky!!!

Re: Insurance rebate due to Coronavirus!

ValuSkr — Sun, 26 Apr 2020 14:44:00 GMT

Yay! for Allstate - sharing their coronavirus windfall!

Re: Insurance rebate due to Coronavirus!

bonnie f — Sun, 26 Apr 2020 14:44:37 GMT

yes i got an email this morning i get back 17.00 sonething,,i was thinking shouldnt this be for 2 months? lol but its better than nothing... im happy to just get 17.00 lol

Re: Insurance rebate due to Coronavirus!

GrailSeeker — Sun, 26 Apr 2020 14:45:06 GMT

I have Auto Owners Insurance, which was on the list of companies saying they would give a rebate. Mine also was paid in full for the year in February. I think I figured I would be due back $54.00, but have yet to hear anything from them.

Re: Insurance rebate due to Coronavirus!

Ainhisg — Sun, 26 Apr 2020 14:46:56 GMT

We pay 6 months at a time to Farmer's and have heard nothing.

Re: Insurance rebate due to Coronavirus!

appm — Sun, 26 Apr 2020 14:54:08 GMT

I have The Hartford and I'm getting a percentage off (I think 15% off) next month's bill (I pay monthly).

Re: Insurance rebate due to Coronavirus!

gramgrandkids1 — Sun, 26 Apr 2020 14:59:08 GMT

Allstate told me about rebate. It sounds good on the TV commercials but I knew we would not get much.

Re: Insurance rebate due to Coronavirus!

haddon9 — Sun, 26 Apr 2020 14:59:52 GMT

I'm getting $39.27 that's to be refunded to my checking account from Allstate...surprising that they are giving anything back at all!!

....AND I'm getting extra data from Verizon "during these difficult times" I don't have to do anything and they aren't charging me...from the goodness of their hearts...HAHA!

Re: Insurance rebate due to Coronavirus!

89135 — Sun, 26 Apr 2020 15:00:21 GMT

@Ainhisg I also have Farmers and I believe I got email that said they would pay a percentage of April..here is portion of what it says....The reduction is 25% of one month’s auto insurance premium. If you want to estimate your premium reduction and have a six-month policy, take your six-month premium, divide by 6 to get monthly premium, then divide by 4 for the 25% reduction. If you have a 12-month policy, divide the full premium by 12 to get monthly premium, then divide by 4 to get the 25% reduction amount....

We are currently assessing how much policyholders are likely to drive in the month of May, based on the latest COVID-19 facts, as that will be the basis for any possible premium reduction. We will provide you an update as soon as we can. We will also comply with any state specific mandates.

If you pay monthly, or will be paying your bill in full within the next 60 days: You will receive a statement credit on an upcoming bill. We expect credits for April to be applied no later than May 18, and appear on the next billing statement as “COVID-19: 25% one month premium adjustment”.
If you pay your bill in full and last paid by credit, debit or electronic funds transfer: You will receive a refund electronically back to the method you paid with. We expect refunds to be applied by May 22.
If you pay your bill in full and paid by cash or check: You will receive a refund by check. We expect you should receive it by the first week of June.

Re: Insurance rebate due to Coronavirus!

bonnie f — Sun, 26 Apr 2020 15:02:52 GMT

@gramgrandkids1 wrote:
Allstate told me about rebate. It sounds good on the TV commercials but I knew we would not get much.

15% of what you pay a month. i guess better than nothing... with how much they make and how my rates go up, you'd think it would be alot more

Re: Insurance rebate due to Coronavirus!

ScrapHappy — Sun, 26 Apr 2020 15:04:36 GMT

We got back $32 from Allstate. At first when I got the email from Allstate I thought it was going to be a lot more. Especially considering the thousands we pay every year for our auto insurance, and that doesn't include our home owners or umbrella policy. I know it's nice to just get something though.

Re: Insurance rebate due to Coronavirus!

Snowpuppy — Sun, 26 Apr 2020 15:30:59 GMT

Progressive is 15% of April's charges, rebated in May and May's 15% rebated in June. About $12 ea month for me.

The bigger news is Michigan's PIP insurance is no longer required as of July 2nd. When I asked Progressive if the charge comes off automatically, oh no! You have to request a new policy!

Which I will promptly do.

Re: Insurance rebate due to Coronavirus!

Deree — Sun, 26 Apr 2020 15:36:50 GMT

I'm going to call Allstate tomorrow. I haven't seen a penny yet.

Re: Insurance rebate due to Coronavirus!

laluzdelmundo — Sun, 26 Apr 2020 16:58:35 GMT

My American Family rebate check for $50 arrived on Saturday. As my mother would say, "better than a poke in the eye with a sharp stick!"

Re: Insurance rebate due to Coronavirus!

Ainhisg — Sun, 26 Apr 2020 18:03:25 GMT

Thank you, @89135 , for the information! Looks like I'll be getting a refund check by the first week of June...although it will be for less than $20, I'll take it.

Re: Insurance rebate due to Coronavirus!

Mint2 — Sun, 26 Apr 2020 18:36:40 GMT

25% back from State Farm will be paid in June. Not sure what it will be but we have 4 vehichles so whatever it is I'll be happy to get!

Mint

Re: Insurance rebate due to Coronavirus!

chickenbutt — Sun, 26 Apr 2020 18:39:27 GMT

I got an email from AAA a short while back that said we were also getting a refund. IIRC, it was something like 20% off of two payments. I crudely figured it out to be around $40. I paid the whole year at once, just to be done with it and it saves me a little bit for interest over the year (like $5 and I got that back, too).

I appreciate anything like this for sure.

Re: Insurance rebate due to Coronavirus!

MamaWick — Sun, 26 Apr 2020 22:35:55 GMT

This is a good will gesture that none of them had to do. Whether it is $10 or $50, that is $10 or $50 you would not have had. Good for them.

Re: Insurance rebate due to Coronavirus!

mickeyandme — Mon, 27 Apr 2020 01:23:01 GMT

Not exactly a "good will" gesture. More likely that since their payouts for accidents have dropped significantly because everyone is staying home, they have the extra cash to give back as a marketing promotion.

Re: Insurance rebate due to Coronavirus!

Linmo — Mon, 27 Apr 2020 03:11:49 GMT

@Mint2 wrote:
25% back from State Farm will be paid in June. Not sure what it will be but we have 4 vehichles so whatever it is I'll be happy to get!

Mint

@Mint2 We are State Farm customers too. From what I've read, it will not be a payout but a credit on bills that are due as of June. We have several vehicles as well as young adult drivers on our policies, so any savings will be greatly appreciated!