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April 09, 2020

San Leandro, CA Oakland, CA, Dublin, CA, Car Insurance Covid-19 Premium Credits

Posted in: Industry News

Since our last post, several major insurance companies have announced policyholder premium credits for car insurance.  Most have offered a flat 15% credit on two months of premium, but at least one car insurance company has offered a flat $50 credit. 

The situation is fluid and updates are coming as the carriers decide what to do.  No doubt, there are a lot fewer cars on the road and mileage is down for now, so he fact that they are giving any premium credits is a good start in our opinion.  Some of them are issuing guidance on how to calculate annual mileage for the other side of shelter in place.

 

We urge you to call us if you have any questions but please note, the credits will be set up automatically, and you do not have to do anything.

Stay Safe!


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