Our agency is proud to partner with several companies that not only provide great coverage for our clients but also keep their best interest at heart. Our goal is to help protect our clients and their families during these challenging times and we are excited to share some good news!
Many drivers are using their vehicles less as they abide by our current stay-at-home orders. Therefore, Nationwide, Safeco, Auto Owners, Mercury, Progressive, Chubb and AAA will all be issuing a one-time premium refund for personal auto policies during the COVID-19 pandemic. Each company is handling it slightly different so we’ve included the details below. This only applies to motor vehicle policies (not including golf cart, motorcycle, ATV or boat). This is still awaiting final regulatory approval but is headed in the right direction.
The best part about this is that policyholders don’t need to do anything! Refunds will automatically be either credited to their policy account or refunded to the most recent method of payment (for example: automatic withdrawal, credit card, personal check), likely within the next 30 days.
Nationwide:
$50 per policy active as of March 31, 2020
Safeco:
15% of premium as of April 7, 2020 for 2 months
Auto Owners:
15% of premium for April and May, 2020
Mercury:
15% of premium for April and May, 2020
Progressive:
20% of April premium (refunded in May) and 20% of May premium (refunded in June)
Chubb:
35% of premium for April and May, 2020 upon annual renewal
AAA:
20% of auto premium for April and May, 2020
Again, we are honored and grateful to do business with companies like these that really look out for their clients and do what’s right in times of need. Please reach out to us any time you have questions regarding auto insurance. You can call us at (352) 371-7977 or email [email protected]. Stay well and safe!
