Auto Insurers Return Money to Customers During ‘Unprecedented’ Driving Slump
- Allstate, American Family to return funds to auto customers
- Progressive says it’s exploring plans to return premiums
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Auto insurers Allstate Corp. and American Family Insurance are returning some money to customers as widespread shutdowns across the U.S. from the coronavirus cut down on driving.
Allstate expects to give back more than $600 million, with personal auto customers receiving 15% of their monthly premium in April and May, according to a statement Monday. American Family Insurance said it plans to return about $200 million to its auto-insurance customers through a one-time payment of $50 per covered vehicle.