USAA, impressed

[Snowman78]

My insurance company is giving us back 30% on auto premium!

[KevDen2005]

Just got an email from USAA

Dear Fellow Member‚

We know the COVID‐19 pandemic is having a financial impact, and we're taking action to ease the burden. Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums in the coming weeks. All told, we're returning about $520 million.

We're able to pass on those savings because your efforts to stay home during the pandemic have meant fewer drivers on the road, which means fewer accidents and claims.

You will receive a credit applied to your bill. There is no need to call or take any action. For more details on the premium credit,

[WillysWagon]

Maybe State Farm will follow suit, but I won't hold my breath.

[Gman]

We got a similar message from Allstate.

[drew890]

Progressive is doing the 20% give back for April and May. They may extend it into the months after that if the pandemic continues.

[Sawin]

The deferred 2 months of car payments isn't automatic... so yes, you should call if you have an auto loan with USAA or call your lender regardless, for that matter. I bet they're willing to work with you somehow.

[Irving]

I got a non-renewal notice from Auto Owners on my commercial auto policy, but only because the agency that writes my policy lost their business.

[SSChameleon]

Maybe State Farm will follow suit, but I won't hold my breath.

State Farm is paying a dividend to policyholders. They are expecting a payout in the neighborhood of 25% for Colorado.

[Grime]

Some of my buddies have complained about USAA, and one even left them because they aren't as competitively priced as they used to be. In the 25+ years I've been with them, they have been fantastic.

[kidicarus13]

Safeco Insurance:

We recognize the uncertainty and financial challenges you may be facing as the nation bands together to slow the spread of coronavirus. To help our customers, we are taking the following action:

Personal Auto Customer Relief Refund

Fewer drivers are on the road, which means fewer accidents. With this in mind, we are announcing our Personal Auto Customer Relief Refund, which will return approximately $250 million to our customers. Here?s how it works:

Personal auto insurance customers will receive a 15% refund on two months of their auto premium, based on your premium amount as of April 7, 2020.1

We are planning to issue the refund in the manner you made your most recent payment or by check.

We will begin issuing refunds in the coming weeks, after we have approval from state insurance regulators.

Your refund will happen automatically, and you do not need to call us to get your refund.
Please visit?Safeco.com/covid-19?for the latest information. In the meantime, stay well and thank you for being a Safeco customer.
Sincerely,
David Long
Chairman and Chief Executive Officer