Some of the top auto insurance companies are offering credits on April and May premiums, typically 15 to 20 percent, and nearly all insurance companies are waiving late-payment fees because of the coronavirus pandemic.
Most consumers may expect to see refunds in late April, early May to June, depending on their insurer. Those who are receiving a one-time check will likely see refunds by the end of April, while those receiving credits toward April and May policies will see credits in May and June.
Travelers has already announced its two-month auto insurance credit for its clients. Nationwide is offering a one-time premium refund of $50 per policy for personal auto coverage active as of March 31, 2020.
To learn if you can expect a credit or refund, call your insurance agency.
