Nine Insurance Companies Offering Financial Relief for COVID-19

Due to the decreased collision risk, many auto insurers have announced they’ll be compensating their customers, either through refunds or credits. Here’s a list of the nine companies that are making an effort to relieve some of the financial burden and how they plan to handle the reimbursements:

  • Allstate: Allstate customers will receive an average refund of 15% of their auto insurance premiums for April and May. The refund will be deposited back to the credit or bank account you paid with or applied to your account as a credit.

  • Farmers Insurance: Farmers is offering its customers a refund of 25% of their April premiums. If you still owe money for April, they will apply that discount to May’s premium.

  • Geico: Customers with motorcycle and auto policies will receive a 15% credit on six-month policies that renew between April 8 – October 7, 2020, and on 12-month policies that renew between April 8, 2020 – April 7, 2021. The credit will be applied automatically at renewal. Auto customers should expect to see an average of $150 credited, and $30 for motorcycle insurance policies.

  • The Hartford: If your insurance policy was in effect as of April 1, you’ll receive a 15% discount on two months’ worth of premiums.

  • Liberty Mutual: Liberty Mutual is sending out an automatic refund of 15% of two months’ worth of premiums. The refund will either be applied to your most recent payment method or be sent by check.

  • Progressive: Progressive customers will receive a 20% credit on premiums paid in April and May, which will be applied automatically to your account in May or June.

  • Nationwide: Nationwide customers will receive a one-time $50 refund for each policy they have with the company.

  • State Farm: If you had a policy in effect between March 20 and May 31, you’ll receive an automatic rebate averaging about 25% of your premiums. The credits will be automatically applied to your account in June.

  • USAA: If you had a premium that was in effect on March 31, you’ll receive a 20% rebate on two months’ worth of premiums.

While these discounts aren’t huge, every little bit helps, especially if money has become tight due to COVID-19 restrictions. Even in the best of times, it’s always nice to get a little cash back! If your company is not on this list, it may be a good time inquire.

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We Are Here To Help

As you know the City and County of San Francisco as well as surrounding counties have requested all non-essential business to close for three weeks. Auto repair is seen as essential. We need to be here to get you back in your cars and to attend to vehicles that may be damaged during this period. Now more than ever we need our automobiles when public transit may not be the safest option to get us to our doctors, grocery stores, pharmacies and for those that are still working, to your jobs.

European Collision Center will remain open.

Learn more here.