Insurers lower their premiums

Insurers lower their premiums



Allstate, one of the largest auto insurance groups in the United States, on Monday said it will donate some $ 600 million to its customers, whose cars largely remain in the garage because of the pandemic. COVID-19.

“This crisis is spreading everywhere. Because of the unprecedented drop in the number of trips, our customers will receive $ 600 million in reimbursements related to containment, over the next two months, ”the CEO promised in a statement. of the group, Tom Wilson. "It is only fair, because driving less means fewer accidents," he added.

Another smaller insurance company, American Family Insurance, has pledged to reimburse customers $ 200 million for the same reasons.
600 million
This is how much Allstate will donate to its customers, many of whose cars remain in garages due to the pandemic.

Allstate customers will receive approximately 15% of their contract value in April and May. The insurer says this amounts to paying back some $ 600 million. Those at American Family Insurance will receive $ 50 per insured vehicle. Since American families often have two cars, a lot of households will get $ 100. The company expects to send some 2.3 million checks within 60 days.

As a further sign of the times, Allstate will offer its customers free online identity theft protection until the end of the year. Identity theft is on the rise in these times of almost generalized teleworking, in cybersecurity conditions that are not always ideal.