Allstate To Refund Part Of Car Insurance Premiums Because No One Is Driving
If you have Allstate for your car insurance, looks like you’ll be getting a bit of a refund. It’s not like we’re driving much anymore so it really makes sense. Allstate said it will refund about 15% of premiums paid by its customers in April and May, which comes to a total refund of around $600 million.Because there’s less cars on the road, there’s less accidents. That means fewer insurance payouts for Allstate. Allstate CEO Tom Wilson called it “A Shelter-in-Place Payback.”
UPDATE: GEICO has also now joined in, saying they too, will refund 15% to policyholders.
Shandra “Babs” Littleton is a member of the WiLD Squad. She’s originally from Detroit but has spent most of her “grown-up” life in Fort Myers, Florida where she graduated from Florida Gulf Coast University. Babs loves to write about everything from Tampa concerts, to WiLD murders that happened in Florida, and her favorite businesses.
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