by Andrea Morris, CBN News
The coronavirus pandemic has forced people to spend more time at home, resulting in a lot less driving. Now two insurance companies are recognizing how these changes are affecting Americans.
Allstate announced on recently that it will refund auto insurers $600 million as many Americans are staying home and driving less amid the COVID-19 outbreak, which has led to fewer crashes and insurance claims.
In a statement, the company explained that a Shelter-in-Place payback will be offered and most customers will receive 15 percent of their monthly premium through May.
Allstate’s CEO Tom Wilson said in a video that the company was taking action to put the people first.
“Because customers are driving less and having fewer accidents, we created the shelter-in-place payback to give our auto insurance customers more than $600 million back to help in these challenging times,” he said.
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